Paul B. Turner


Partner
Houston, P: 713.470.6105
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Paul Turner is a member of Sutherland’s Energy and Environmental Practice Group, where he focuses his practice on the fast-changing and evolving energy markets—principally the physical and financial trading of energy commodities. Paul has been involved in the regulatory and commercial restructuring of the energy industry and the ongoing commoditization of energy in the physical, futures and derivatives markets.

Paul serves as chair of Sutherland’s Energy Restructuring and Creditors’ Rights Team. In addition, he serves on Sutherland’s Climate Change law team, working with clients to identify and capitalize on opportunities and respond to business challenges impacted by climate change policies and regulations.

Over the past several years, Paul has had a key role in significant litigation and commercial matters related to commodity contracts, forward contracts and derivatives for major energy companies. He has represented numerous clients in some of the largest energy company bankruptcies, including the bankruptcies of Enron, Mirant, NEGT Energy Trading (formally PG&E Energy Trading) and the Power Company of America, related to their forward and derivative transactions. He has also worked on the sale of energy-related companies and energy commodity portfolios, including for trading companies and retail electric providers in Texas.

Paul currently serves as special energy counsel for a major energy trading bankruptcy estate, in charge of negotiating, mediating and litigating the termination and liquidation of forward contracts, swaps, options and tolling agreements with numerous counterparties. He also provides commodities and energy trading advice to a number of participants in the U.S. energy markets and has represented major energy companies in commercial litigation relating to commodities, derivatives and trading issues.

In addition, he advises clients on structuring, restructuring and documenting derivatives; netting agreements and physical trading contracts; and energy transactions with non-creditworthy or declining counterparties. Paul regularly advises clients on a variety of questions related to the termination of, and litigation related to, swaps and other energy contracts.
Education

J.D., University of Virginia School of Law, 1996, Order of the Coif; James C. Slaughter Honor Award; Executive Editor, Virginia Law Review

A.B., with honors, University of Chicago, 1990

Bar Admissions

District of Columbia, Illinois, Texas