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Entries tagged “Third Circuit”

Third Circuit SemCrude Decision Impacts Oil Producers and Purchasers

Insight Douglas J. Schneller Douglas J. Schneller · September 04, 2017
Applying Delaware law, the United States Circuit Court of Appeals for the Third Circuit issued a ruling that will significantly affect the rights of upstream producers of oil and gas and secured creditors generally. The court determined that upstream oil producers did not have automatically perfected security interests in oil they sold

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