Haynes and Boone News

Haynes and Boone New York Welcomes Trade and Project Finance Pro Ricardo Martinez, Bolsters Cross-Border Capabilities

NEW YORK – Ricardo Martinez, a lawyer with broad experience in a wide range of cross-border finance transactions, has moved his practice to the rapidly expanding Haynes and Boone, LLP New York office as a firm partner.  >>

Greg Michelson in the Orange County Business Journal: Q&A With Prominent Office Managing Partners

Haynes and Boone LLP has continued to recruit steadily through the years but has definitely experienced an increase in new associate hires since the depths of the recent U.S. economic downturn. Specifically, for the Orange County office, which is one of 12 firm offices, we have more than tripled the number of professionals since the office opened in 2009 by continuing to recruit the best legal talent. >>

Recent Publications

Securities Litigation Year in Review 2014

Our annual Year in Review comments on significant securities-related decisions. >>

Oral Agreement to Delay Oil and Gas Lease Closing Did Not Violate Statute of Frauds

The Texarkana Court of Appeals recently upheld a $12.4 million breach of contract judgment against Petrohawk, which arose out of Petrohawk’s agreement with the plaintiff landowners to schedule multiple closings to sign oil and gas leases, and its subsequent refusal to lease additional properties after the first closing. >>

The Draft Proposed 2017-2022 OCS Oil and Gas Leasing Program

As has been widely reported in the press, the Bureau of Ocean Energy Management (“BOEM”) has issued a Draft Proposed Program for the 2017-2022 Outer Continental Shelf Oil and Gas Leasing Program. >>

IRS 2014 Recap and Summary of What’s to Come

In a recent call with practitioners, Tammy Ripperda (Director, Exempt Organizations, IRS) provided an overview of IRS Fiscal Year 2014 and a preview of what is to come for exempt organizations in IRS Fiscal Year 2015. >>

Addressing Oil and Gas Loan Defaults: Options and Consequences

If an E&P company cannot stretch its borrowing base and ends up with a borrowing base deficiency that is not timely cured, it will default under its credit agreement. This alert lays out a range of options that are available to temporarily or permanently move past a default under an E&P company’s reserved-based credit facility. >>

HSR Update: Annual Jurisdictional Thresholds Revisions Effective February 20, 2015 and Tips for Avoiding HSR Violations

The jurisdictional thresholds for premerger notification filings under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) will increase February 20, 2015 and will apply to any transaction closing on or after that date. >>

World Trademark Review Once Again Applauds Haynes and Boone’s Coast to Coast Trademark Practice

World Trademark Review (WTR) 1000 has for the third consecutive year awarded the firm a gold ranking - the highest possible - in Texas, and a silver ranking nationally.

Haynes and Boone Opens Denver Office with Highly Regarded Lawyers, Anne Weber and Alan Talesnick

DENVER – Haynes and Boone, LLP today proudly announces the opening of a Denver office and the addition of two new partners, well-known midstream and pipeline practitioner Anne Weber and Alan Talesnick, who focuses his practice on securities and corporate matters.

Haynes and Boone Wins Dismissal of All Claims Against The National Football League in Super Bowl Ticket Pricing Class Action

In a case that drew national attention when it was filed last year, a New Jersey federal judge has dismissed all claims brought against the National Football League in a class action brought over ticket pricing for Super Bowl XLVIII held last February at MetLife Stadium in New Jersey.

The plaintiffs in Finkelman, et al. v. National Football League, et al. (Civil Action No.3:14¬cv¬00096 (D.N.J.)) asked the United States District Court in New Jersey to find that the league’s limited distribution of Super Bowl tickets caused Finkelman and other class members to overpay for Super Bowl seats on the secondary market.

Buddy Clark in The Financial Times: Energy bondholders at risk as bank loans ebb

April in Texas traditionally marks the start of the spring thunderstorm season. This April, the tempestuous weather looks set to be accompanied by an additional financial squall for the state’s oil and gas companies as banks begin cutting back on the reserve financing on which these firms rely.

Such financing is typically re-evaluated twice a year, usually in October and April, and is tied to the value of the borrowing firms’ oil and gas reserves and related assets such as pipelines.

Haynes and Boone in Latin Lawyer: Firm Assists Cotemar in $160 Million Loan Refinancing

MEXICO CITY - Mexico’s Haynes and Boone SC has helped Mexican offshore oil field service provider Cotemar secure US$160 million to refinance a loan from Banamex and Citibank ... Cotemar secured the loan with a mortgage over several of the company’s vessels and through a security trust estate agreement with Pemex Exploración y Producción (PEP), a subsidiary of Mexico’s state-owned oil company. Cash flow from Cotemar’s lease of a platform to PEP was used as collateral for the loan.

Haynes and Boone Presents Largest Class of New Partners in Its History

Haynes and Boone, LLP is proud to announce promotion to partnership of 13 lawyers representing the firm’s Austin, Dallas, Houston, New York, Orange County, Richardson, and Washington, D.C. offices. It is the largest class of new partners elevated in the firm’s 44-year history.

The new class is comprised of LeAnn Chen, Scott Cunning, Brent Folsom, Jeremy Herskowitz, Nicholas Hoffman, Kendall Hollrah, Arman Kuyumjian, Christina Marshall, Joseph Mencher, Russ Rabinovich, Tom Tippetts, Greg Webb and Kenya Woodruff.