Project Finance

  • August 26, 2016

    DC Circ. Set Immunity Standard Too Low, Venezuela Says

    Venezuela is pushing the U.S. Supreme Court to undo the D.C. Circuit's green light for a Helmerich & Payne Inc. lawsuit challenging the country's takeover of a Venezuelan subsidiary’s oil rigs, filing its opening brief in an appeal over the limits of sovereign immunity under the Foreign Sovereign Immunities Act.

  • August 26, 2016

    India To Let Banks Issue Masala Bonds To Foreign Investors

    The Reserve Bank of India said it will now allow commercial banks to issue bonds denominated in rupees — also called Masala bonds — as part of a package of reforms unveiled Thursday to expand liquidity in the country’s capital and currency markets.

  • August 26, 2016

    Tribes, Greens Ask Obama To Block Dakota Access Pipeline

    Thirty environmental and Native American groups on Thursday asked President Barack Obama to halt construction of the controversial Dakota Access oil pipeline, saying the general permit used to approve the project did not allow for a thorough investigation of the project’s impacts.

  • August 26, 2016

    A Cheat Sheet To The Sioux Fight To Stop The Dakota Pipeline

    With a D.C. federal judge poised to decide whether to halt construction of the $3.8 billion Dakota Access crude oil pipeline through lands sacred to the Standing Rock Sioux Tribe, Law360 offers a cheat sheet on what's at stake in the multifront battle and how one tribe's defiance became a cause celebre that threatens to take down the entire project.

  • August 26, 2016

    Oil Magnate Kicks Off Arbitration Over Pricey Rig

    An energy company run by oil magnate Jack Grynberg has asked arbitrators to sanction its British partner in a Cameroon drilling venture for allegedly hiring an unqualified contractor and spending too much to lease a brand-new drilling rig, according to a statement Friday.

  • August 26, 2016

    Pa. Fracking Hopeful Says Court Should Weigh Well Block

    A Pennsylvania landowner asked a federal court Friday not to toss its lawsuit against the Delaware River Basin Commission challenging its refusal to approve an exploratory well while a de facto fracking moratorium is in place, arguing it doesn’t have to take up its case with the commission before heading to court.

  • August 26, 2016

    Obama Expands Hawaii Marine Reserve Into World's Largest

    President Barack Obama on Friday expanded a Hawaiian marine sanctuary by more than 400,000 square miles to make it the largest such reserve on the planet, citing a need to protect wildlife and sacred Native space.

  • August 26, 2016

    3 Key Challenges When Closing A Nuclear Plant

    A fresh wave of nuclear plant closings is sweeping the U.S., bringing plenty of potential financial, environmental and regulatory potholes for plant owners. Here, attorneys identify three key issues facing plant owners that decide to close up shop.

  • 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.

Expert Analysis

  • Defining Attorney-Client Relationships In The Electronic Age

    Elizabeth Fitch

    As technology has advanced, the ways in which attorneys communicate with clients, potential clients, former clients and the public has created new and ill-defined issues relating to whether an attorney-client relationship exists. Attorneys Elizabeth Fitch and Theodore Schaer discuss the often nebulous yet hazardous concepts that could lead to malpractice issues.

  • State Of Texas Legal Market: It Isn’t Just About Oil

    Geoff Schuler

    Some market watchers believe that law firms with significant energy-related practices have experienced precipitous declines in revenue and profits due to the dip in oil prices. Yet, firms continue to be bullish on Texas, and those still looking for a point of entry will jump at the right opportunity, say consultants with LawVision Group LLC.

  • 4 Reasons Law Firm Business Development Initiatives Fail

    Adam Donovan

    By understanding four common reasons why law firm business development initiatives fail, we can more accurately define success, avoid pitfalls, and improve return on investment, says Adam Donovan, senior manager of patent business strategy at Fish & Richardson PC.

  • 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.