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Hot Topics in Coal Company Bankruptcies

June 2014

As the “fracking revolution” continues to create a spike in natural gas supplies and the EPA prepares to introduce new caps on carbon emissions, coal companies are finding it increasingly difficult to compete and survive. Coal companies that file for bankruptcy are encountering issues that include handling legacy liabilities owed to employees under collective bargaining agreements, complying with legislation such as the Coal Act and Black Lung Act, and dealing effectively with environmental issues. In this Guide, SRZ partner David M. Hillman and associate Lucy F. Kweskin and former SRZ attorney Karen S. Park provide an overview of the unique legal challenges coal companies face as they attempt to restructure their obligations.