Project Finance

  • September 23, 2014

    $8B Wind Energy Project Proposed To Power Los Angeles

    Four energy companies unveiled plans Tuesday for an $8 billion wind power project in Wyoming and Utah that would provide clean energy to over a million homes in Southern California by 2023.

  • September 23, 2014

    Dealmakers Q&A: Holland & Knight's Norberto Quintana

    We are living in very exciting times in terms of the diversification of the sources of investment in the Americas, from the continuing inflow of investment from Asian countries to a wide array of financing structures in use, says Norberto Quintana of Holland & Knight LLP.

  • September 22, 2014

    Gold Mining Co. Wins $740M In Arbitration With Venezuela

    A three-member tribunal at the World Bank's International Center for the Settlement of Investment Disputes has awarded mining company Gold Reserve Inc. $740.3 million in its dispute with the Venezuelan government over the expropriation of a gold and copper mining project, the company said Monday.

  • September 22, 2014

    Latham Reps GIP In $1.43B Pipeline Sale To Veresen

    Latham & Watkins LLP guided private equity firm Global Infrastructure Partners in the $1.43 billion sale of its 50 percent stake in the 680-mile Ruby pipeline to Veresen Inc. in what will be the Canadian pipeline company’s largest acquisition yet.

  • September 22, 2014

    Northeast Transit Agencies Share $3.6B in Post-Sandy Relief

    The U.S. Department of Transportation on Monday allocated $3.6 billion in disaster relief money to make public transportation systems more resilient, targeting Northeastern states slammed by Hurricane Sandy.

  • September 22, 2014

    Oneok Investing Up To $680M In Natural Gas Facilities

    Oneok Partners LP will be funneling between $480 million to $680 million into new natural gas facilities in North Dakota and Wyoming over the next two years, the company announced Monday.

  • September 22, 2014

    Israel Oks Intel's Plan To Inject $6B Into Chip Plant

    Israeli authorities on Monday said they have approved Intel Corp.'s $6 billion investment plan to upgrade its Kiryat Gat chip manufacturing plant and guaranteed the company a 5 percent corporate tax rate for 10 years, in what is the largest investment made by a foreign business in the country.

  • September 22, 2014

    Pa. Judge Strips Claims From $42M Pipeline Damages Suit

    A Pennsylvania federal judge on Monday struck a series of quasi-contractual claims from an oilfield and pipeline company’s $42 million suit against Access Midstream Partners LP and Chesapeake Energy Co., but he allowed a fraud claim and a request for punitive damages against Access to advance.

  • September 22, 2014

    Public-Private Partnerships No Cure-All, House Report Says

    A House transportation panel report has concluded that public-private partnerships, while beneficial, are no substitute for robust federal funding commitment to improve the country’s infrastructure.

  • September 22, 2014

    NJ Senate Clears Port Authority Reforms

    The New Jersey Senate on Monday approved a bill that would force efficiency studies and other reforms at the Port Authority of New York and New Jersey, while a top Assembly lawmaker called for comprehensive legislation that would also reshape the bi-state agency's management.

  • September 22, 2014

    US Sugar's Plan Could Bog Down Everglades Restoration

    A recently unveiled plan by U.S. Sugar Corp. to develop 67 square miles in Hendry County, Florida, for residential and commercial use has drawn the ire of environmental groups that claim it is a thinly veiled attempt to increase the price of land slated to be bought by the state for Everglades restoration.

  • September 22, 2014

    Key NY Projects Must Keep Eye On Climate Under New Law

    Gov. Andrew Cuomo on Monday signed a measure requiring state agencies to consider physical climate risks caused by storm surges, sea level rise or flooding in the permitting, funding and regulation of wastewater treatment plants, hazardous waste transport, and oil and gas drilling permits.

  • September 22, 2014

    Indiana Toll Road Operator Files For Ch. 11 With $6B In Debt

    The operator of the $3.8 billion Indiana Toll Road on Monday filed for Chapter 11 protection in Illinois bankruptcy court, saying it intends to sell its assets to pay its creditors the more than $6 billion it owes.

  • September 22, 2014

    Total Seeks To Shed $10B In Assets By 2017

    Fresh off saying it was mulling a multibillion-dollar offer for its adhesives business, Total SA said Monday that it wants to unload $10 billion in assets by 2017 as the French energy giant faces shareholder pressure to improve cash flow and beef up dividends.

  • September 22, 2014

    PE Firm Energy Capital Invests $1B In USDG's Rail Expansion

    Private equity firm Energy Capital Partners said Monday that it will invest more than $1 billion to support energy infrastructure company USD Group LLC’s expansion, including plans to develop and acquire rail terminals and other midstream assets.

  • September 22, 2014

    Cheniere $18B LNG Facility Moving Forward, Gov. Says

    Cheniere Energy Inc. is continuing work on what has become an $18 billion liquefied natural gas export project on the Louisiana Gulf coast, in one of the state's largest industrial projects, Gov. Bobby Jindal has announced.

  • September 22, 2014

    Paragon To Issue New Stock To Fund Tana Minerals Buy

    U.K. agribusiness investor Paragon Resources PLC has inked a deal to issue new shares to acquire Tana Minerals Pty Ltd., a company that's developing a potentially high-grade rare earth project in Madagascar, as its refocuses on minerals and mining, Paragon said in a regulatory filing Monday.

  • September 22, 2014

    Latham Guides Siemens' $7.6B Dresser-Rand Buy

    Siemens AG is significantly expanding its presence in the global oil and gas business, announcing Monday that it’s agreed to buy Houston-based equipment manufacturer Dresser-Rand Group Inc. in an all-cash deal worth $7.6 billion guided by Latham & Watkins LLP.

  • September 19, 2014

    Mexico Energy Reform To Inject Billions Into Texas, Panel Told

    The denationalization of the Mexican energy market after 75 years of government control will give Texas industry enormous opportunities for growth, with Mexico expected to spend more than $10 billion to import Texas goods and services in early stages of the overhaul, experts told a Texas Senate panel Friday.

  • September 19, 2014

    Gazprom Wants $1.3B Trade Secrets Suit In Federal Court

    Russian gas giant OAO Gazprom said Friday that a $1.3 billion trade secrets suit being pursued by Moncrief Oil International Inc. belongs in Texas federal court because the dispute is subject to a foreign arbitration agreement governing a failed Siberian gas field deal.

Expert Analysis

  • Taking Stock Of The Legal Cloud: Opportunities And Pitfalls

    David Houlihan

    Like "big data" and other effective software marketing buzzwords, “cloud” makes something that is very complex sound simple — and even friendly. Most attorneys are not prepared to dig into the distinctions between public, private and hybrid cloud models, or the niceties of how or where their data is transmitted and stored, says David Houlihan of Blue Hill Research Inc.

  • The Emergence Of P2P Loan Securitizations

    John Timperio

    As more peer-to-peer commercial loan securitization transactions take place, the banks, bondholders and rating agencies involved will likely begin to expect more standardization of the loans themselves, as well as metrics for assessing risk on individual loans that are more quantifiable, standard and transparent, say John Timperio and Mary Bear of Dechert LLP.

  • A General Counsel's Top 10 Billing Tips

    Francis M. Drelling

    Nothing makes an in-house counsel feel like they are being nickeled-and-dimed more than receiving a $3.50, stand-alone invoice. Forcing anyone to spend time on a $3.50 invoice is, quite frankly, just not cool, says Francis Drelling, in-house counsel at Specialty Restaurants Corp.

  • Next Big Thing For Foreign Cos. — Yield-Oriented US IPOs

    Sean T. Wheeler

    The flexibility and access to capital available through master limited partnerships and yieldcos should result in a meaningful increase in yield-oriented U.S. initial public offerings by international companies. Many companies, however, irrationally fear the U.S. Securities and Exchange Commission’s process for registration statement review, says Sean Wheeler of Latham & Watkins LLP.

  • FERC Proposal Would Benefit Market-Based Rate Entities

    William D. Degrandis

    The Federal Energy Regulatory Commission's proposed market-based rate revisions would streamline filing and clarify when procedures are relevant to different types of entities, which could materially reduce burdens and costs, say William Degrandis and Candice Castaneda of Paul Hastings LLP.

  • Trade Cases Bring Good News For US Oil Pipe Industry

    Brian McGill

    Overall, the U.S. oil country tubular goods industry is pleased with the outcomes of the OCTG trade cases at the administrative agency level, particularly because the U.S. Department of Commerce increased anti-dumping duties on imports from Korea in its final margin calculations and the U.S. International Trade Commission made affirmative determinations with respect to substantially all subject imports, says Brian McGill of King & Spalding LLP.

  • 8 Trends Influencing Energy Transactions

    Sean T. Wheeler

    More and more midstream companies are in need of capital to take advantage of significant infrastructure investment opportunities, which should lead to more public and private merger and acquisition activity in the midstream space along with additional initial public offerings, says Sean Wheeler of Latham & Watkins LLP.

  • OPINION: Pro Bono May Help Diversity Recruiting Efforts

    David A. Lash

    A recent Law360 article about the perennial BigLaw concern over how to recruit and retain female and ethnically diverse attorneys addressed a new approach being taken by some law firms — going beyond traditional mentoring programs by creating a sponsorship relationship. Pro bono can also play a part, say David Lash and Merle Vaughn of the Association of Pro Bono Counsel.

  • Esquenazi In Korea: Identifying Instrumentalities Abroad

    Samantha Dreilinger

    Efforts to apply the Esquenazi definition in Korea — a country where the government plays a significant yet often obscured role in several important industries — reveal that the definition leaves important questions unresolved and provides little comfort to companies trying to determine whether a potential business partner may be subject to the Foreign Corrupt Practices Act, say attorneys with Cadwalader Wickersham & Taft LLP and Kim & Chang.

  • How Research Efficiency Impacts Law Firm Profitability

    David Houlihan

    For a law firm, excess time dedicated to legal research generates waste, either in the form of artificially reduced billable hours or, particularly in flat or contingency fee projects, as overhead eroding the profitability of legal work. By measuring five factors, firms will begin to understand their own opportunities for improving profits, says David Houlihan of Blue Hill Research Inc.