In a recent article for Practical Law Oil & Gas, Graham Valenta, an associate, delves into the topic of gun-jumping violations in oil and gas acquisitions. These violations fall under the Hart-Scott-Rodino Act, which governs certain business practices during mergers and acquisitions.
Valenta provides a detailed explanation of what constitutes a gun-jumping violation. He also examines interim operating covenants in purchase and sale agreements that could potentially lead to such issues. Furthermore, he outlines strategies that parties involved in these transactions can employ to minimize their risk.
This analysis is particularly relevant for professionals engaged in the oil and gas sector, where understanding regulatory compliance is crucial for successful acquisitions.
