Project Finance

  • August 25, 2016

    NJ Agency OKs $1B Bonds For Delayed Meadowlands Project

    The New Jersey Sports and Exposition Authority on Thursday approved $1.15 billion in bonds for American Dream Meadowlands, breathing new life into the long-delayed retail and entertainment project that supporters say will pump thousands of jobs into the regional economy and critics claim will add to the area's traffic woes.

  • August 25, 2016

    Green Groups Challenge Feds' Oil And Gas Leases Approval

    WildEarth Guardians and Physicians for Social Responsibility sued the U.S. Department of the Interior and its Bureau of Land Management in D.C. federal court on Thursday, claiming that the approval of nearly 400 leases that allow for drilling and fracking on public lands across three western states flouted environmental law.

  • August 25, 2016

    Challengers Say 7th Circ. Decision Irrelevant To CPP Fight

    Business groups opposed to the U.S. Environmental Protection Agency’s Clean Power Plan told the D.C. Circuit on Thursday that the court rulings the agency has cited to support the plan don’t apply.

  • August 25, 2016

    Steel Co. Loses $8.6M WTC Appeal Against Port Authority

    A New York appeals court Thursday sided with the Port Authority of New York and New Jersey, ruling a steel company's $8.6 million contract breach suit over extra work on the 9/11 Memorial cannot get around the one-year statute of limitations protecting the agency.

  • August 25, 2016

    Port Authority Says NY Case Doesn't Impact AAA Toll Dispute

    The Port Authority of New York and New Jersey told a federal judge Thursday that a recent court ruling that the New York State Thruway Authority improperly diverted toll revenues is irrelevant to the Automobile Club of New York’s challenge to the bistate agency's 2011 plan raising bridge and tunnel fees.

  • August 25, 2016

    India’s Top Court Lets US Coal Co. Arbitrate $18M Energy Row

    The Supreme Court of India rejected energy giant Reliance Industries Ltd.'s bid to keep an $18 million contract dispute with North American Coal Corp. in domestic courts, saying Wednesday that the conflict’s cross-border element means an agreement to arbitrate in London cannot be ignored.

  • August 25, 2016

    TC Pipelines Says Chancery Right To Ax $446M MLP Deal Suit

    TC Pipelines LP’s general partner told the Delaware Supreme Court late Wednesday that the Chancery Court correctly axed a unitholder challenge to a $446 million dropdown purchase of a pipeline segment from parent TransCanada Corp., arguing the investors have no case and simply disagree with the transaction value.

  • August 24, 2016

    Feds Update Hazardous Materials Commerce Regs

    The U.S. Department of Transportation has proposed new regulations for packaging and stowing certain hazardous materials during transport, updates that officials said Wednesday are intended to bring domestic rules in line with international standards.

  • August 24, 2016

    SunEdison Seeks OK To Award Up To $5M In Exec Bonuses

    SunEdison Inc. on Tuesday sought permission from a New York bankruptcy judge to award nine executive employees with up to $5.1 million in bonuses that would be awarded based on how much the business fetches in the sale of various assets.

  • August 24, 2016

    Maryland, FTA Want To Alter Enviro Order For DC Rail Line

    The state of Maryland and the Federal Transit Administration both asked a D.C. federal court on Tuesday to alter an order requiring a more thorough environmental review of a proposed $5.6 billion Purple Line rail extension by remanding it to the FTA so it can consider if an additional environmental review is even necessary.

  • August 24, 2016

    Sioux Tribe Says ‘Cultural Survival’ At Stake In Pipeline Row

    The Standing Rock Sioux Tribe urged a D.C. federal judge Wednesday to block construction on the $3.8 billion crude oil pipeline slated to run through what it considers the tribe’s ancestral lands, calling the Dakota Access Pipeline a threat to its “cultural survival” that was not adequately reviewed by the federal government before its approval.

  • August 24, 2016

    Tesla CEO Helps Finance SolarCity $124M Bond Offering

    SolarCity Corp. has completed a $124 million bond offering with a significant boost from its chairman, Tesla CEO Elon Musk, whose electric car company agreed earlier this month to buy the struggling Solar panel installer for $2.6 billion, according to a regulatory filing on Tuesday.

  • August 24, 2016

    DOT Slams Enviro Suit Over Pipeline Spill Response Plans

    The U.S. Department of Transportation has told a federal judge that an environmental group has no standing to challenge the adequacy of pipeline operators’ oil spill response plans, blasting the group’s accusations that officials displayed “dereliction of duty” of “epic proportions” in reviewing such plans.

  • August 24, 2016

    La. Loses Army Corps Cost-Sharing Challenge At 5th Circ.

    A Fifth Circuit panel on Tuesday upended the state of Louisiana's lower court win requiring the U.S. Army Corps of Engineers to pay nearly $3 billion, without help, to restore wetlands surrounding a now-closed canal, finding the wetlands restoration challenge untimely and the federal agency's cost-sharing provisions to be reasonable.

  • August 23, 2016

    Calif. Assembly Passes GHG Emissions Reduction Bill

    The California Assembly on Tuesday passed legislation that would strengthen and extend the life of the state’s greenhouse gas emission reduction program and provide a measure of security for its cap and trade system.

  • August 23, 2016

    Sundevil Gets OK For Sale Of Ariz. Power Blocks

    Bankrupt energy producer Sundevil Power Holdings LLC received approval Tuesday in Delaware bankruptcy court for a Chapter 11 sale of its assets that include two of the four power blocks at an Arizona power generating station, with a stalking horse bidder as the buyer.

  • August 23, 2016

    Sioux Tribe Slams Pipeline Co., Army Corps In Injunction Bid

    The Standing Rock Sioux Tribe pushed a D.C. federal court Monday to block construction on the $3.8 billion Dakota Access Pipeline while the court weighs a challenge to the Army Corps of Engineers’ approval for the project, saying the agency hadn’t done nearly enough tribal consultation and that the pipeline’s developer is bringing any financial damage from halting the project on itself.

  • August 23, 2016

    Amtrak Slams Mass. Suit Over Cost-Sharing Deal Breach

    Amtrak fired back Tuesday at the Massachusetts Bay Transportation Authority's federal suit accusing it of misusing recent statutes to force the Massachusetts public transit agency to pay $30 million a year to share its own track with Amtrak, saying their cost-sharing deal is valid and MBTA’s allegations are “nonsense.”

  • August 23, 2016

    Fish And Wildlife Fumbled ESA On 417 Species, Enviros Say

    The U.S. Fish and Wildlife Service missed a deadline for taking action on petitions to list 417 species under the Endangered Species Act, an environmental activist group said Tuesday in filing a formal notice of intent to sue the agency. 

  • August 23, 2016

    PJM Seeks DC Circ. Shutdown Of FERC Floor Price Dispute

    PJM Interconnection LLC on Monday backed the Federal Energy Regulatory Commission’s changes to the grid operator's proposal for dealing with artificial price suppression on the grid, and asked the D.C. Circuit to deny a challenge to the plan from the grid’s power providers.

Expert Analysis

  • From BigLaw To Your Own Firm: 4 Tips For Legal Startups

    Russell Shinsky

    Highly successful attorneys who are thinking about leaving the safe haven of a large law firm to go out on their own face a number of issues specific to the legal profession. Russell Shinsky, chairman of Anchin Block & Anchin LLP's law firms industry group, shares four pillars of a successful startup law firm.

  • Energy Finance Attys Are Shifting Focus In Tough Times

    Kraig Grahmann

    In the boom years of 2011 through 2014, energy lenders were directing their attorneys to “loosen up” credit agreements. Today’s distressed environment has seen lenders and their attorneys turn 180 degrees to shift their focus to a range of new issues, say Kraig Grahmann and Buddy Clark of Haynes and Boone LLP.

  • 4 Communications Fundamentals For High-Stakes Litigation

    Michael J. Gross

    The court of public opinion can mete out judgments as harsh as those rendered by a court of law, which is why communications professionals and attorneys should be working together to protect their clients’ reputation and advance their legal objectives as litigation proceeds, as well as when decisions or settlements are reached, say Michael Gross and Walter Montgomery at Finsbury.

  • Risk Management Tips For Attys Serving As Local Counsel

    Patrick S. (Sean) Ginty

    Often, the lead counsel in a case maintains sole contact with the client and makes substantive decisions, relying upon the local counsel only to serve in the requisite capacity to satisfy jurisdictional procedures. Therein lies the problem — absent appropriate precautionary measures, the local attorney faces equal malpractice exposure for the substantive, strategic decisions of the lead counsel, say Patrick (Sean) Ginty of CNA Glob... (continued)

  • What To Know About New White House GHG Guidance

    Elizabeth A. Lake

    The White House Council on Environmental Quality's final guidance created to help agencies consider greenhouse gas and climate change impacts in National Environmental Policy Act reviews provides some clarity regarding the overall approach to the process, but it also leaves fundamental questions for individual agencies to answer, say attorneys at Holland & Knight LLP.

  • Beware The 'Standard' Mediation Confidentiality Agreement

    Jeff Kichaven

    There are several risks involved with signing a "standard" mediation confidentiality agreement, both to your clients and to yourself. Once you recognize these risks, you will never sign a standard MCA again, at least not without a lot of thought and a lot of disclosures to your client, says Jeff Kichaven of Jeff Kichaven Commercial Mediation.

  • Fuel Tax Law Creates Big Leak In Aviation Trust Fund

    Rachael Wallace

    The 2006 “fuel fraud law” has reportedly cost the Aviation Trust Fund — an important source of finance for airport improvements — between $1 billion and $2 billion per year, if not more. At this rate of decreased revenue, the Federal Aviation Administration faces a serious impediment in the upcoming years as airport, airline and consumer demands put pressure on the aviation industry, says Rachael Wallace of Cozen O'Connor PC.

  • 5 Mistakes To Avoid When Building Law Libraries

    Fahad Zaidi.jpg

    As advances in technology continue to push law libraries in a more complex direction, many law firms are still making structural mistakes. Fahad Zaidi, senior consultant at HBR Consulting, notes five common pitfalls that law firms should be wary of when developing their libraries.

  • Law Students Should Explore BigLaw Pro Bono Options

    Michael Scudder

    I worry too many law students see the priorities of BigLaw in tension with a meaningful commitment to pro bono work, making them reluctant to ask questions in interviews about pro bono opportunities and a firm’s commitment to its community. This needs to change, says Skadden partner and former White House legal adviser Michael Scudder.

  • The Evolution Of EPA's Source Determination Rule

    Charles T. Wehland

    Although inconsistent source determinations will continue, it appears the three factors the U.S. Environmental Protection Agency uses to define "adjacent" for sites under common control in its new source determination rule will bring long-awaited clarity in onshore oil and gas source aggregation decisions, say Charles Wehland and Jennifer Hayes at Jones Day.