Europe Chapter Event "Explaining the New Draft Asset SPA Model Form" - Aberdeen


Thursday, November 22, 2018 (5:30pm - 8:30pm Europe/Amsterdam)
Ledingham Chalmers LLP
Johnstone House 52-54 Rose St
Aberdeen, Scotland AB10 1HA
United Kingdom

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Uisdean Vass, Head of Oil & Gas & Partner, Ledingham Chalmers LLP, Aberdeen
Chris Strong, Partner, Vinson & Elkins LLP, London


Join the Europe Chapter for a presentation and networking event on the new draft Asset SPA Model Form in Aberdeen. In the wake of forming a drafting committee of over 100 members from all over the world and after the continuous development of an initial “skeleton” which was based on the “chassis” of the existing and evolving AIPN Farmout Agreement, a draft Asset SPA was presented at the AIPN Model Contracts Workshop in Vail, Colorado in September. The drafting Asset SPA co-chairs and committee are working on a revised draft to include the extensive commentary received in Vail.

The event will feature a discussion and Q&A on issues related to the Asset SPA including:

• the usual fact situation for the Asset SPA and differences with the Farmout,
• conditions precedent and longstop,
• the material adverse event,
• how purchase price is determined,
• adjustments,
• completion,
• interim period covenants,
• representations and warranties,
• limitations and liabilities,
• tax issues,
• dispute resolution,
• decommissioning, and
• the ongoing process for completion of the new model form.

Refreshments will be served.

Registration is complimentary for all members and non-members. Please register online as space is limited.

This event will also be held in London on January 24, 2019, and it is anticipated to be held in Houston in early or mid-2019.

Special thanks to event-sponsors:       Lendingham Chalmers       Vinson & Elkins