Project Finance RSS

  • April 22, 2014

    NJ Ethics Agency Backs Pinelands Pipeline Voter's Recusal

    New Jersey’s ethics watchdog got behind a Pinelands Commission attorney on Tuesday, saying she rightly recommended that a commissioner abstain from voting on an agreement to greenlight a $90 million natural gas pipeline, which resulted in a deadlocked vote and the agreement's rejection.

  • April 22, 2014

    Fla. Senate Panel Passes Springs Bill, Drained Of Funding

    The Florida Senate Appropriations Committee on Tuesday advanced legislation to clean up the state's freshwater springs, a major recreational attraction and important connection to drinking water supplies, but not before largely gutting the once ambitious measure to the dismay of stakeholders.

  • April 22, 2014

    ETP Seeks $1B Judgment In Pipeline Partnership Fight

    Energy Transfer Partners LP on Monday asked a Texas state judge for a more than $1 billion judgment against Enterprise Products Partners LP after a jury found Enterprise breached a partnership agreement for a crude oil pipeline.

  • April 22, 2014

    The Accidental Advocate: Judge John E. Jones III

    Pennsylvania Middle District Judge John E. Jones III talks to Law360 about the surreal aftermath of his divisive ruling against intelligent design as he prepares for yet another potentially explosive trial over Pennsylvania's same-sex marriage ban.

  • April 22, 2014

    Uphold New Keystone Route, Neb. Officials Tell High Court

    Nebraska officials on Monday urged the state's top court to toss a lower court ruling that nixed Gov. Dave Heineman's approval of a new route for TransCanada Corp.'s controversial Keystone XL pipeline, saying it wrongly determined that the law giving him the power to do so was unconstitutional.

  • April 22, 2014

    Conn. Approves Wind Power Rules, Ending Moratorium

    Connecticut's Regulation Review Committee on Tuesday approved a set of guidelines for installing wind turbines in Connecticut, ending the one-and-a-half year moratorium on wind projects in the state.

  • April 22, 2014

    DOE Allots $34M To Keep USEC Uranium Project Afloat

    A uranium enrichment project in Piketon, Ohio, may continue through the end of September, running on $34.1 million from the U.S. Department of Energy as the parent company USEC Inc. undergoes Chapter 11 proceedings, according to a Friday motion in Delaware bankruptcy court.

  • April 22, 2014

    Pa. County Exec Floats $247M Capital Projects Funding Plan

    Allegheny County Executive Richard Fitzgerald on Monday proposed a bill to the Allegheny County Council to consider issuing up to $247 million in bonds to refinance debt and fund potential capital projects for bridges, roads and upgrades to the Pennsylvania county’s public transportation system.

  • April 22, 2014

    $1.6B Miami-Dade Sewer Deal Gets Green Light

    A Florida federal judge on Monday signed off on a revised consent decree for a $1.6 billion settlement resolving environmental violations at Miami-Dade County's sewer system after rejecting a previous agreement over concerns the county got off too easy for repeated incidents of failure to stem pollution of local waterways.

  • April 22, 2014

    Singapore Awards $915M In Contracts For Rail Lines

    Singapore’s Land Transport Authority on Monday awarded a string of contracts worth 1.15 billion Singaporean dollars ($915.3 million) for the expansion of Singapore’s underground rail network, specifically for the new Thomson and Eastern Region Lines.

  • April 22, 2014

    XTO Loses Bid For More Info On Fracking Spill Prosecution

    A Pennsylvania state judge on Thursday denied a request by XTO Energy Inc. to uncover details about the state’s case against it in a prosecution stemming from the Exxon-Mobil Corp. unit’s alleged spill of more than 50,000 gallons of toxic wastewater from a Marcellus Shale gas well site.

  • April 22, 2014

    Kings On Hook For $30M Cost Increase To Arena Project

    The Sacramento Kings basketball team will be covering a new $30 million cost overrun for their proposed basketball arena and have agreed to a new leasing structure that favors the city as the project moves toward its final leg of local approvals, according to city documents released Monday.

  • April 21, 2014

    Asian Development Bank Provided $21B Funding In 2013

    The Asian Development Bank approved $21 billion in financing last year, even as Asia's wealth inequality rises and environmental challenges become more urgent, the bank said in a report released on Monday.

  • April 21, 2014

    Goldcorp Won't Boost $3B Takeover Bid For Osisko

    Goldcorp Inc. will not amend its CA$3.3 billion ($3 billion) takeover offer for Osisko Mining Corp., the company said on Monday, confirming that the offer will expire at 11:59 p.m. on April 22.

  • April 21, 2014

    Orlando's $85M MLS Stadium Delayed Until 2016

    Orlando City Soccer's Lions will play their entire first Major League Soccer season in the Florida Citrus Bowl as delays in land acquisition plans for an $85 million downtown stadium in Orlando, Fla., have pushed the stadium's opening date until 2016, the team said Monday.

  • April 21, 2014

    China Will Double Down On Clean Energy, Premier Vows

    Wind, solar, hydropower and nuclear will be among the major energy projects China will launch in an effort to transition the country to cleaner forms of energy, the head of the country's national government said in comments published on the government's website on Sunday.

  • April 21, 2014

    Turkey To Offer Project Finance Guarantees

    Turkey said Saturday that it will provide treasury guarantees to private borrowers to support its struggling construction market, reversing a policy instituted in 2002, when the current party in government came to power.

  • April 21, 2014

    DOI Will Redo Disputed Arctic Drilling Enviro Review

    The U.S. Interior Department will revise its environmental review of controversial Arctic Ocean drilling leases after the Ninth Circuit rejected the agency's initial analysis in January for mistakes made in estimating how much oil might be recoverable in the area, according to a Friday court filing.

  • April 21, 2014

    EnCap Flatrock Injects $125M Into RiverRock Energy

    Private equity firm EnCap Flatrock Midstream will pour $125 million into fellow San Antonio-based RiverRock Energy LLC to help RiverRock develop and provide midstream solutions for oil and gas producers., the companies said on Monday.

  • April 18, 2014

    Sierra Club Loses Fight Over Radioactive Waste License

    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.

Expert Analysis

  • Mandatory Pro Bono Is Not The Answer For Practitioners

     Amanda D. Smith

    The State Bar of California has decided to follow New York's lead and require prospective attorneys to record 50 hours of pro bono service in order to be eligible for admission. While we applaud the intentions behind these initiatives, there are a number of reasons why state bars should limit any mandatory pro bono requirement to this context, rather than extend it to licensed attorneys as some have suggested, say attorneys with the Association of Pro Bono Counsel.

  • Earth Day And The Evolution Of Environmental Law

    Timothy J. Bergere

    Since 1970, environmental lawyers have been immersed in a myriad of federal, state and local environmental laws and regulations, beginning with the National Environmental Policy Act. As the movement has grown, Earth Day has become a placeholder for the idea that we can better manage our environment, and in the legal community, it reminds us that we must continue advancing the law with the goal of a cleaner environment in mind, says Timothy Bergere of Montgomery McCracken Walker Rhoads LLP.

  • Cross-Border Complexities: Keep The C-Suite Out Of Prison

    Shari L. Pire

    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.

  • The Future Of Law Firm PR: The Good, Bad And Ugly

    Paul Webb

    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.

  • The 6 Most Important Changes To Russian Pledge Rules

    Alexey Kukharev

    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.

  • Beware 'Jewel' Risks In Lateral Partner Hiring

    Pamela Phillips

    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.

  • Calif.'s Small Step Toward 'Redevelopment 2.0'?

    Laurie N. Gustafson

    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.

  • Heartbleed Rains On The Legal Cloud Parade

    David Houlihan

    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.

  • DC Court Applies Common-Sense Limits To Davis-Bacon Act

    Eric Leonard

    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

  • EU Sanctions May Criminalize Some US Business Activity

    Peter McMaster

    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.