Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16BAKER BOTTS TAX 11 FINANCIAL INSTRUMENTS Baker Botts tax lawyers routinely advise clients on the tax consequences of financial instruments. We have extensive experience in the straddle, wash sale, hedging and interest disallowance rules. We have acted as counsel for companies and underwriters on sophisticated exchangeable and convertible financial instruments and are able to use our experience and knowledge of the complex tax rules in this area to help our clients administer their business objectives. OIL AND GAS TAX With a focus on serving companies in the energy sector, Baker Botts has a long and rich experience advising on tax issues unique to the oil and gas industry. Clients understand the importance of selecting advisors who appreciate the history and evolution of oil and gas tax issues, given the sparseness of Code provisions and judicial decisions setting forth the peculiar rules and concepts unique to the industry. Our lawyers have the depth of experience that clients need when dealing with the intricacies of the details of the depletion or