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Kerry Miller Comments on Impact of Low Oil & Gas Prices in New Orleans CityBusiness

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Legal experts anticipate an uptick in bankruptcy filings to continue as oil and gas prices remain low, and some speculate joint venture projects may be the next victims of the downturn. In this New Orleans CityBusiness article, Kerry Miller notes that, if prices remain low, companies may try to withdraw from projects with joint venture partners, which could prompt litigation.

"Right now people are trying to hold on to assets and projects they have, but if prices continues to go down, it may be a matter of time before they're trying to break contacts and things of that nature," Mr. Miller said.

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