HOUSTON, March 14 LAWFUEL — Bracewell & Giuliani LLP ann…

HOUSTON, March 14 LAWFUEL — Bracewell & Giuliani LLP announced
today that Evan D. Flaschen and Gregory W. Nye will join the firm as
partners. Both are currently partners in the Financial Restructuring Group at Bingham McCutchen LLP. It is expected that a number of financial
restructuring attorneys from Bingham will follow Mr. Flaschen and Mr. Nye
in their move to Bracewell.

This addition provides Bracewell with one of the most highly regarded
financial restructuring practices in the world and adds depth to
Bracewell’s private funds practice, which includes representing “special
situations” and distressed investment funds. Mr. Flaschen and Mr. Nye
represent hedge and private equity funds, institutional investors, secured lenders, insurance companies and other financial institutions, as well as
acquirers of distressed assets, in complex workouts and insolvency matters, with a particular emphasis on major corporate and multinational
restructurings.

“With the arrival of Evan and Greg, we’ve taken the logical next step
toward broadening our practice offerings in the New York region and
deepening our financial restructuring practice,” said Patrick C. Oxford,
managing partner of Bracewell & Giuliani.

“Their arrival highlights our continuing focus on adding top talent in key practice areas throughout the firm. Moreover, this shows that our
client- driven growth strategy in New York continues to be very successful.

The seed we planted two years ago when we opened in New York with Rudy
Giuliani as our new named partner continues to bear substantial fruit,”
said Mr. Oxford.

Bracewell’s latest addition adds to its growing global capabilities.
Mr. Flaschen has been named twice to Euromoney’s list of the Top 25 “Best
of the Best” insolvency lawyers in the world. In addition, he was the only U.S. restructuring lawyer included in Asialaw’s “Leading Lawyers 2006.”

“Greg and I are very excited to join Bracewell & Giuliani. Bracewell is
not only a world class law firm, but also a true partnership where the
needs of the clients and the people always come first,” said Mr. Flaschen.

About Bracewell & Giuliani
Bracewell & Giuliani LLP is among the nation’s most prominent law
firms. With over 400 lawyers in New York, Texas, Washington, D.C.,
Kazakhstan and London, we are distinctively positioned to serve clients
concentrated in the energy and financial services sectors worldwide. In
2005, former New York City mayor Rudolph W. Giuliani joined the firm as a
senior partner. His international reputation for leadership and problem
solving is a unique asset for our clients, which include Fortune 500
companies, major financial institutions, leading private investment funds, governmental entities and individuals. For more information about Bracewell & Giuliani, visit http://www.bgllp.com.

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