The municipal bond market is suffering from a lack of disclosure and transparency around fees and prices investors pay for the securities, while dealers in the sector need to be held to a higher standard when trading for customers, a Republican member of the U.S. Securities and Exchange said Friday.
New York developer The Moinian Group said Friday it has received $539 million in construction financing from the New York State Housing Finance Agency for its West 42nd Street residential tower project — the largest under-construction residential project in New York.
Chevron Corp. on Friday said it has no interest in increasing its stakes in two massive liquefied natural gas projects in Australia and Canada, a day after partner Apache Co. announced it was pulling out of both projects to refocus on growing its U.S. operations.
Officials tasked with making sure New York's spending authorities act in the public interest are quizzing the state's Environmental Facilities Corp. over its approval of a $256 million loan made from clean-water funds to help pay for the new Tappan Zee bridge, environmental groups said Friday.
In the week's roundup of deal makers on the move, Perkins Coie LLP nabbed a private equity and technology pro from Squire Patton Boggs in Palo Alto, California, DLA Piper landed a life sciences and mergers and acquisitions partner from Hogan Lovells also in Palo Alto, and Locke Lord LLP picked up an energy-focused M&A and project finance ace from Dentons in Texas.
U.S.-based AES Corp. is looking to increase its presence in Mexico, potentially investing up to $1 billion to double its capacity over the next few years and stepping into the country’s wholesale market, a spokesperson for the power company said on Friday.
The Second Circuit asked New York's highest court Thursday to weigh whether the state's hydraulic fracturing moratorium amounts to a circumstance neither drillers nor landowners can control — a so-called force majeure — and whether oil and gas lease contracts can be extended by the industry as a result.
The U.S. Department of the Interior said Friday that it’s extending the public feedback period for its 2017-2022 offshore oil and gas development program, amid calls from industry and its congressional allies to expand available drilling areas and pushback from coastal state lawmakers and environmental groups.
Steel maker ArcelorMittal SA said Friday that it has inked deals with units of Australian resources and mining company BHP Billiton and French nuclear energy giant Areva to acquire a more than 50 percent stake in the Mount Nimba iron ore project in Guinea for an undisclosed amount.
A California appeals court ruled Thursday that the California High-Speed Rail Authority can finance the state's planned $68.4 billion high-speed rail project by issuing $8.6 billion in bonds, putting the project one step closer to becoming a reality.
The U.S. Securities and Exchange Commission has given municipal issuers and obligors an additional two and a half months to comply with an enforcement initiative around their disclosure obligations, and it has spelled out the range of penalties underwriters face if they take part in the plan.
A bipartisan bill to reauthorize the U.S. Export-Import Bank gained steam Thursday as Senate Majority Leader Harry Reid, D-Nev., marked the legislation as a key priority for the upper chamber once it returns from its legislative recess next month.
New York federal officials on Thursday leveled wire fraud charges against the CEO of a construction company that won nearly $1 billion in contracts to provide steel for the World Trade Center project, saying he cheated a system designed to benefit businesses owned by women and minorities.
All Aboard Florida Operations LLC on Thursday defended a lease — part of its planned $1.5 billion passenger line between Miami and Orlando — that was questioned by a state senator for not allowing for future stops in Brevard or Indian River Counties.
Just days after a California judge refused to block construction of the Sacramento Kings' new $477 million arena, environmental activists on Thursday gave notice of an appeal and accused the basketball team and city of wrongfully pushing the project forward with the help of an unconstitutional law.
A Wednesday decision by two Pennsylvania Public Utilities Commission administrative law judges that a Sunoco Inc. subsidiary cannot avoid local zoning approval for components of a pipeline that would ferry natural gas from western Pennsylvania to a Philadelphia-area refinery will not be the last word on the fate of the project, experts told Law360.
The U.S. Department of Energy said Thursday that Leucadia National Corp.’s planned $6 billion liquefied natural gas export terminal on the Oregon coast can export LNG to countries that don’t have free trade agreements with the U.S., the second facility in the Beaver State to earn such approval.
Japanese electronics giant Panasonic Corp. has agreed to help build electric carmaker Tesla Motors Inc.’s estimated $5 billion large-scale battery manufacturing plant in the U.S. called Gigafactory, the companies announced Thursday.
The Blackstone Group LP’s energy private equity arm is investing up to $800 million in Malaysian startup Tamarind Energy to pursue oil and gas development opportunities in Southeast Asia in partnership with the region's host governments and national oil companies, the company said Wednesday.
The U.S. Senate agreed late Thursday to pass a $10.9 billion bill extending funding for the U.S. Highway Trust Fund through May, staving off insolvency for the fund, after the U.S. House of Representatives earlier rejected an $8.1 billion Senate alternative.
The U.S. Environmental Protection Agency's proposal to reduce emissions by 2030 will require “beyond-the-fence” measures and represents a potential shift from the agency's traditional role as an environmental regulator to that of an energy regulator — a shift that may test the limits of state and EPA regulatory authority, say attorneys at Arnold & Porter LLP.
U.S. companies and investors engaged in infrastructure and energy transactions worldwide must note that an acquirer can be held liable for the Foreign Corrupt Practices Act violations committed by a target company — even if those violations took place prior to the acquirer obtaining control over the company, say attorneys with Stroock & Stroock & Lavan LLP.
The vast majority of civil cases in the United States settle before trial. Knowing how many on a particular topic were filed, how many settled, when they settled, and on what terms clearly would be useful to a lawyer advising a client. Big Data could make it possible — yet this type of research is generally ignored by lawyers, says James Wendell of Riddell Williams PS.
In a departure from Jewel v. Boxer, the decisions in the cases of Thelen LLP and Heller Ehrman LLP reflect a shift in the manner by which courts treat trustees’ claims for post-dissolution fees, say Angelo Savino and Julie Moeller Albright of Cozen O'Connor.
The U.S. Court of Federal Claims' recent opinion in Alta Wind I Owner-Lessor C v. United States, one of many Section 1603 energy grant cases filed in recent years, previewed some of the key issues to be decided in these cases — and it does not appear that these issues can be resolved by summary judgment, says Timothy Jacobs of Hunton & Williams LLP.
For industry, the U.S. Supreme Court's ruling in Association of American Railroads v. Department of Transportation will be about whether the standards Amtrak helped create will survive and be used to measure how the railroads adhere to their long-standing statutory obligation to give priority to Amtrak trains, says Kevin Sheys of Nossaman LLP.
For corporate lawyers, Russia’s renewable energy incentive program may provide opportunities given significant need among Russian companies to establish joint ventures and their inexperience with successfully and cost-effectively executing renewable energy projects, say Alex Blomfield and Alexandra Rotar of King & Spalding LLP.
A growing trend in the Southern District of New York akin to a sua sponte rocket docket can provide defendants with an opportunity to set the tone of discovery and shift the burden and risks of the schedule to their adversaries, say Isaac Greaney and Jackie Lu of Sidley Austin LLP.
Public and private entities, including the state of Wyoming, have raised an issue of first impression as to whether the U.S. Environmental Protection Agency has the authority to determine an Indian reservation's boundaries under the Clean Air Act — the result could lead to a departure from established regulatory principles and should be of interest to entities operating on or near reservations, say attorneys at K&L Gates LLP.
Finding prospective clients and retaining them has little to do with your legal training and expertise, and yet you have no practice without successful client acquisition and retention. There is no reason you cannot apply your basic legal training to successful sales efforts hinging upon your practice strength and experience, says independent law firm consultant Jennifer Topper.