A Texas appeals court on Friday rejected the Sierra Club’s suit over a radioactive waste disposal license issued to the operator of a site in West Texas, upholding a decision by state regulators to deny the group an administrative hearing to challenge the license.
As the Senate considers the nomination of acting EPA air chief Janet McCabe to permanently fill the position, attorneys who have met and worked with the longtime regulator say that she will continue to push the White House's ambitious climate agenda while advocating for state-friendly provisions.
Calpine Corp. is selling six southeast U.S. power plants to LS Power for $1.57 billion, the company said Friday, in a move the New Jersey-headquartered power company said will help it focus more on its core regions.
In this week’s roundup of people on the move in M&A, private equity and project finance, Proskauer Rose snagged a prominent hedge fund duo and Squire Sanders added an M&A pro in New York, while Morriston & Foerster expanded its M&A and private equity team in Singapore and Ballard Spahr bolstered its San Diego office with a pair of bankruptcy and transactional finance aces.
Environmental groups the Sierra Club and Openlands have again challenged the Illiana Expressway project, an estimated $1.25 billion toll road linking two interstates near exurban Chicago, claiming in Illinois state court Thursday that construction must be stopped because the project was approved illegally.
The Obama administration said Friday that it's extending its review of the Keystone XL pipeline, citing uncertainty over the controversial pipeline's route after a Nebraska state judge invalidated the Cornhusker State's portion of the route in February.
The U.S. Environmental Protection Agency gave Texas-based Lone Star NGL LLC the green light to build a $325 million natural gas processing plant west of Houston, emphasizing Friday that the development of natural gas is essential to the country’s climate and energy goals.
Canadian oil company Athabasca Oil Corp. said Thursday it's selling its stake in an Alberta oil sands project to joint venture partner Brion Energy, a unit of Chinese oil producer PetroChina Co. Ltd., for CA$1.32 billion ($1.2 billion), severing the last link between the two companies.
Although the European Union has talked about reducing its heavy reliance on Russian-produced gas for years, the ongoing crisis in Ukraine has injected new urgency into the effort. But it won't be easy. Here, project finance experts identify five types of energy projects that must be tackled in order to decrease the EU's dependence on Russian gas.
The Massachusetts Senate unanimously approved a $12.6 billion transportation bond bill Thursday, paving the way for financing major expansion projects including the Green Line extension to Medford, a South Coast commuter rail link and the expansion of Boston’s South Station.
A Michigan bankruptcy judge on Thursday ordered the city of Detroit into mediation proceedings with three of its neighboring suburban counties in hopes of striking a deal for a regional water and sewer authority that could ease its transition out of bankruptcy.
The Federal Emergency Management Agency said Thursday it would give $403 million to the New York's Metropolitan Transportation Authority to help repair damage sustained after Superstorm Sandy flooded tunnels with seawater.
Augusta Resource Corp. said Thursday that prominent proxy advisory firm Glass Lewis & Co. LLC supports a vote on Augusta’s poison pill, the Canadian miner's plan to insulate itself from HudBay Minerals Inc.’s hostile buyout bid that values the company at around US$391 million at current share prices.
The U.S. Environmental Protection Agency failed to meet Thursday's court-ordered deadline to finalize a long-delayed cooling water-intake rule for power plants, and the environmental group suing the agency over the regulation refused to give the agency more time.
Padbury Mining Ltd. failed Thursday to identify the “Australian private equity investors” pouring $6.47 billion into construction of its deepwater iron ore port and rail network in Western Australia, asking market regulators instead to extend its trading halt into next week.
Irish renewable energy investment group NTR PLC said on Thursday that one of its U.S. subsidiaries, Wind Capital Group LLC, has agreed to sell the 150-megawatt Osage wind farm in Oklahoma to TradeWind Energy Inc. for about $60 million.
The U.S. Department of Energy said Wednesday that it's putting up $15 million to help U.S. communities install more solar power at homes and businesses, part of the Obama administration's goal of doubling U.S. renewable energy generation by 2020.
BP America Production Co. said Wednesday it was going to sell 280,000 gross acres of gas-producing land in the Texas Panhandle, saying the mature field was better suited for a late-life specialist.
Finnish engineering company Metso Corp. has rejected an unsolicited proposal by rival The Weir Group PLC to merge, the company said in a brief message Wednesday to stock exchange regulators and shareholders.
Hydraulic fracturing in California is at a crossroads, as mounting pressure from citizens and environmental groups pushes lawmakers toward a moratorium that would dismantle a new regulatory framework that allows energy developers to continue working, clouding the future of projects around the state.
The potential for significant gains makes high-growth markets, such as Russia, Brazil and India, particularly enticing. But at what cost? Business practices that are both acceptable and customary in other countries may violate U.S. and other anti-bribery and corruption laws. However, there are ways to insulate the corporation from liability, says Shari Pire of Willkie Farr & Gallagher LLP.
There has been a dramatic change in how public relations professionals interact with the news media to promote or protect a law firm’s brand and reputation. But content is queen and has a bright future in law firm PR — it all begins with a plan that should include goals, performance indicators and a system of assessment, say Paul Webb, director of marketing at Young Conaway Stargatt & Taylor LLP, and Kathy O'Brien, senior vice president at Jaffe PR.
Among the most significant changes being made to the Russian Civil Code is the introduction of the security trustee concept, which will strengthen syndicated lending and asset-backed security structures involving Russian collateral, and will bring the Russian legal system into harmony with the most developed legal systems in the world in this area, says Alexey Kukharev of Orrick Herrington & Sutcliffe LLP.
Jewel litigation has been filed after every major law firm bankruptcy in the past 10 years, including Lyon & Lyon, Brobeck, Coudert, Thelen, Heller and Howrey. These lawsuits have produced years of litigation, with similar suits expected in the Dewey bankruptcy. Despite the legal uncertainties surrounding such claims, hiring firms can take steps now to minimize their Jewel risk for any lateral hire, say attorneys with Arnold & Porter LLP.
More than two years after Gov. Jerry Brown and the California Legislature dissolved the state's 400-plus redevelopment agencies, the governor has begun addressing their replacement by proposing to revise and expand the use of infrastructure financing districts. The proposal, however, appears to be only a small step toward “Redevelopment 2.0,” with many expressing concerns that the new tax-increment financing tools may not be as effective as redevelopment, says Laurie Gustafson of Sedgwick LLP.
While the actual breaches are unknown, Heartbleed has the potential to expose all of a lawyer's files stored or transmitted online. The bug raises professional responsibility questions and offers confirmation of the greatest anxieties that the legal industry has about online practice. In fact, the timing is poor for many legal tech providers, following a general industry warming to cloud offerings, says David Houlihan of Blue Hill Research Inc.
A D.C. federal court recently rejected the U.S. Department of Labor's novel application of the Davis-Bacon Act to a privately funded construction project. The ruling sets an important limitation as government agencies become increasingly creative in putting surplus real estate to use and private companies similarly look for more creative infill development opportunities, say Eric Leonard and Craig Smith of Wiley Rein LLP
Given the extra-territorial character of the European Union's new financial sanctions against targeted Russians and Ukrainians, a person can aid and abet the commission of an offense by taking steps whose only effect is to facilitate a transaction. This places law firms, investment businesses and others engaged in international transactions at risk of accessory liability through their everyday work, says Peter McMaster of Appleby Global Group Services Ltd.
A 2012 Indian Supreme Court decision effectively reversed the trend of Indian courts’ judicial intervention in international arbitrations. A spate of judgments since then makes it apparent that Indian courts are adopting a less interfering role and are willing to enforce arbitration agreements between parties in accordance with the UNCITRAL model law and the New York Convention, say Talat Ansari and Ila Kapoor of Kelley Drye LLP.
Why do the majority of speakers get polite claps at the end of their talks while a few select others receive rousing applause? Having given more than 375 presentations to legal groups, bar associations, Fortune 500 companies and corporate gatherings, I’ve learned a few things about what not to do. Remember, great speakers don’t tell “war stories.” They don’t even give examples from their own practice, says Michael Rubin of McGlinchey Stafford PLLC.