Spurred by the recently reported dangers Los Angeles Dodgers outfielder Yasiel Puig faced being smuggled out of Cuba, two Florida lawmakers on Wednesday launched a bid to push Major League Baseball to change its rules regarding Cuban players by attaching the issue to a stadium financing bill.
Federal Energy Regulatory Commissioner Philip Moeller expressed concern on Wednesday that the electric grid doesn't have the infrastructure to replace retiring coal and nuclear plants, saying some U.S. regions could be subject to rolling blackouts due to energy deficits in the next few years.
Buffalo-based Moundsville Power LLC on Tuesday got closer to building a $615 million combined cycle natural gas power plant near Moundsville, West Virginia, on the Ohio river, the company said.
Google Inc. and SunPower Corp. are investing as much as $250 million in a new program to finance residential solar lease projects, the companies announced Wednesday.
Texas-based oil and gas company Crown Oil Partners V LP has received a $100 million equity commitment from Post Oak Energy Capital LP in a move intended to help further Crown Oil's development and growth, Post Oak said Wednesday.
Solar manufacturer SunEdison Inc. said Wednesday that it has received CA$115 million ($104 million) in financing from Deutsche Bank Securities Inc. to bankroll the construction of two solar plants in Ontario that will provide a combined 33 megawatts of electricity.
A U.S. Army Corps of Engineers review board on Tuesday postponed giving final approval on a $2 billion water restoration plan for the Central Florida Everglades, saying it needed more time to review the plan, potentially delaying by years implementation of the critical water project.
A consortium of investors led by Fajr Capital Ltd. has purchased National Petroleum Services for more than $500 million, the two sides said Wednesday, in a deal Fajr said marks the "largest private equity transaction in the MENA region" this year.
A Democratic lawmaker in the Pennsylvania House of Representatives asked the state’s Office of Open Records on Tuesday to review a decision by Gov. Tom Corbett’s administration denying a formal request for information about plans to raise $75 million by leasing public parkland for oil and gas drilling.
BP PLC said Tuesday that it's selling stakes in four oilfields it operates in Alaska's North Slope region to Houston-based Hilcorp Energy Co. in order to focus on developing its Prudhoe Bay operations and a massive liquefied natural gas pipeline project.
Hess Corp. said Monday that it's unloading its stake in two gas projects in Thailand to Thai oil and gas development giant PTT Exploration and Production PLC for about $1 billion in cash, continuing its recent selling spree.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Subscription facilities have become attractive financing opportunities for a wide range of funds throughout the private equity, real estate, energy, infrastructure and mezzanine debt space. With even the most basic subscription facility, a fund can borrow to “bridge” the time between the making of an investment or the payment of expenses and the calling of capital at a later date to repay the borrowing, say Mary Touchstone and Julia Kohen of Simpson Thacher & Bartlett LLP.
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.
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.
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