BP America Production Co. said Wednesday it was going to sell 280,000 gross acres of gas-producing land in the Texas Panhandle, saying the mature field was better suited for a late-life specialist.
Finnish engineering company Metso Corp. has rejected an unsolicited proposal by rival The Weir Group PLC to merge, the company said in a brief message Wednesday to stock exchange regulators and shareholders.
Hydraulic fracturing in California is at a crossroads, as mounting pressure from citizens and environmental groups pushes lawmakers toward a moratorium that would dismantle a new regulatory framework that allows energy developers to continue working, clouding the future of projects around the state.
The D.C. Circuit's decision Tuesday to uphold the Obama administration's rule limiting mercury and other toxic emissions from coal- and oil-fired power plants is another blow to the coal industry, but experts say a judge's dissent over the administration brushing aside the rule's costs provides the roadmap for a likely industry appeal to the U.S. Supreme Court.
Bahrain's largest lender is considering a $5 billion sale or merger with a rival bank that could be the largest banking transaction in the region for the past 20 years, while SodaStream is considering selling a minority stake to one of three major beverage companies.
The NBA's Milwaukee Bucks will be sold for $550 million to Fortress Investment Group founder Wesley Edens and Avenue Capital Group co-founder Marc Lasry, and plans to build a new stadium for the franchise are in the works, the team's president and owner Herb Kohl said Wednesday.
When they led the Philadelphia mayor’s office through the biggest deal in the city’s history, the nearly $2 billion planned sale of Philadelphia Gas Works to UIL Holdings Corp., attorneys from Ballard Spahr LLP didn't just have to worry about securing a favorable price for the country’s largest municipally owned utility.
Renewable energy operators are getting an additional six months to craft site development plans for projects off the U.S. coast, according to a final rule published by the U.S. Department of Interior's offshore energy arm on Wednesday.
The Federal Trade Commission granted early termination to the required waiting period for private equity giant TPG Capital LP’s planned acquisition of Encana Corp.’s natural gas properties in Wyoming’s Jonah Field for $1.8 billion, according to a brief notice Tuesday.
Washington, D.C.-headquartered alternative asset manager The Carlyle Group said on Wednesday that it has closed its Carlyle Sub-Saharan Africa Fund with a total of $698 million, almost $200 million more than the fund's initial target of $500 million.
The U.S. Department of Energy is committing up to $4 billion in loan guarantees for renewable energy and energy efficiency projects that reduce greenhouse gas emissions, releasing a draft solicitation Wednesday to help develop clean energy technologies.
Osisko Gold Corp. greenlit an improved offer Wednesday from Yamana Gold Inc. to takeover the company for CA$3.9 billion ($3.56 billion) through a partnership with Agnico Eagle Mines Inc., as Goldcorp Inc. continued its hostile pursuit by nominating 11 executives to Osisko's board.
Stoel Rives LLP has bolstered its energy development practice in Washington, D.C., with the addition of two former DLA Piper attorneys experienced in financing and mergers and acquisitions, the firm said Tuesday.
Jamaica's energy ministry on Monday granted a license to Hong Kong-based Energy World International Ltd. to build a 381-megawatt natural gas plant project that will eventually supply power to major utility Jamaica Public Service Co. Ltd.
A powerful New Jersey lawmaker is calling on federal regulators to investigate the Port Authority of New York and New Jersey's use of more than $1 billion in tax-exempt bond proceeds for an overhaul of the 82-year-old Pulaski Skyway, according to a letter released Tuesday.
A Texas appeals court on Tuesday partially revived a suit MBIA Inc. subsidiaries filed against Harris County for allegedly making improper insurance claims to service $1 billion in construction debt on Houston's sports venues, saying a county entity contractually waived its immunity.
Seventh Circuit Chief Judge Diane Wood talks to Law360 about managing a court in crisis, surviving two U.S. Supreme Court near-misses, and tailoring crafty dissenting opinions that can change the mind of even the staunchest of ideological opponents.
Dallas-based Caelus Energy LLC on Tuesday said it has partnered with private equity giant Apollo Global Management LLC to invest in Alaskan oil and gas properties as Caelus seeks to build up an independent exploration and production business in resource-rich Alaska.
A coalition of transparency groups urged the U.S. Securities and Exchange Commission to speed up its rewrite of a new rule that would require oil, gas and mining companies to publicly reveal their payments to foreign governments, after the first version of the rule was struck down by a Washington federal court last summer.
Orlando City Soccer Club and the city of Orlando on Tuesday unveiled the development team that will oversee design and construction of the Major League Soccer expansion team's new $85 million stadium, which is expected to break ground this year.
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
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.
A 2012 Indian Supreme Court decision effectively reversed the trend of Indian courts’ judicial intervention in international arbitrations. A spate of judgments since then makes it apparent that Indian courts are adopting a less interfering role and are willing to enforce arbitration agreements between parties in accordance with the UNCITRAL model law and the New York Convention, say Talat Ansari and Ila Kapoor of Kelley Drye LLP.
Why do the majority of speakers get polite claps at the end of their talks while a few select others receive rousing applause? Having given more than 375 presentations to legal groups, bar associations, Fortune 500 companies and corporate gatherings, I’ve learned a few things about what not to do. Remember, great speakers don’t tell “war stories.” They don’t even give examples from their own practice, says Michael Rubin of McGlinchey Stafford PLLC.
The Sixth Circuit's ruling in United States v. DTE was the first on the U.S. Environmental Protection Agency's 2002 New Source Review program. While the decision recognized the EPA can bring enforcement actions absent postconstruction actual emissions data, a fair reading of the court indicates that enforcement without evidence of an actual increase in emissions should be limited, say Stacie Fletcher and David Fotouhi of Gibson Dunn & Crutcher LLP.
Assuming the current marijuana-friendly trend continues across the country, local agencies that receive a portion of the taxes from marijuana sales can leverage that revenue by pledging it to repay tax-exempt securities that can be sold to investors, and the proceeds can be used for much-needed public infrastructure. The approach is not novel, with ample precedent and experience to support the construct, say attorneys with Goodwin Procter LLP.