A federal judge in New York on Wednesday refused to throw out a suit brought by London mining company Rio Tinto PLC accusing its rival Vale SA and an Israeli diamond magnate of bribing Guinean government officials to steal Rio Tinto's rights to a multibillion dollar untapped iron-ore deposit.
Between leading the charge on a $2.3 billion highway reconstruction project in Florida and spearheading a deal to use a public-private partnership to fund a massive expansion project at the University of California's Merced campus, Nossaman LLP's Patrick Harder had himself a fruitful 2014, landing him on Law360's list of Project Finance MVPs.
Mayer Brown LLP partner Christopher Erckert helped put together three highly complex infrastructure deals in 2014 in Peru and Mexico, collectively worth over $1.7 billion, establishing himself once more as the go-to Latin America lawyer and earning a place on Law360's list of Project Finance MVPs.
The retroactive, one-year resurrection of the federal production tax credit within the tax extenders bill that Congress advanced Tuesday is a hollow victory for the wind industry, benefiting only a handful of projects while putting future ones back in limbo once the calendar turns to 2015, experts say.
editing --- The Australian government said Wednesday it awarded seven permits worth more than $660 million for offshore petroleum exploration, marking the second and final round of a program designed to stimulate energy investment.
Pennsylvania Sen. Jim Brewster, D-Allegheny/Westmoreland, announced Tuesday that he intended to introduce a 5 percent severance tax on natural gas that would earmark revenue for public schools, fleshing out an idea pitched by Gov.-Elect Tom Wolf.
The International Finance Corp., an arm of the World Bank, said Wednesday it granted $300 million in project financing to build a wind farm in Panama's Cocle Province.
In a long-awaited decision, the administration of New York Gov. Andrew Cuomo said Wednesday it would ban hydraulic fracturing in the Empire State, saying the potential health and environmental risks that emerged in a state review were too significant to allow the controversial drilling technique.
Touting an expanded war chest, private equity-backed energy investor Sheridan Production Partners said Wednesday that it raised $1.5 billion through its third fund to acquire onshore U.S. oil and gas properties, hoping to seize opportunities presented by declining oil prices.
The U.S. Senate on Tuesday confirmed Arkansas’ top utilities regulator to the Federal Energy Regulatory Commission and a member of the Deepwater Horizon investigation commission as the new fossil energy chief for the U.S. Department of Energy.
President Barack Obama on Tuesday blocked oil and gas exploration, development and production in Alaska’s Bristol Bay, citing the $2 billion in commercial fishing industry based in the region and saying the bay is too important a natural resource to be put out to “the highest bidder.”
A Blackstone Group LP fund is investing SG$367 million (US$294 million) as part of a SG$1.5 billion investment in hotel, retail and residential properties on an island off the coast of Singapore, Blackstone announced Tuesday.
The Ninth Circuit said Tuesday a federal plan to thin a California forest and create fuel corridors wouldn't harm northern spotted owls, tossing a lawsuit filed by environmentalists who said the U.S. Forest Service and the U.S. Fish and Wildlife Service had failed to consider all the evidence in approving the action.
Scana Corp. said Tuesday that it's agreed to sell its gas pipeline unit to Dominion Resources Inc. and its fiber-optic telecommunications unit to privately-held Spirit Communications in a pair of deals worth a combined $650 million as the company looks to focus on its retail utility business.
Canadian mining company Gold Reserve Inc. said Monday that an international tribunal had affirmed a $744 million award to the company in its dispute with Venezuela, which had expropriated a gold and copper mining project launched by the company.
Norway's Statoil said Tuesday that it will invest $4.6 billion kroner (about $620 million) in the Gullfaks Rimfaksdalen gas field in the North Sea, extending the production from its existing platform in the area, hoping to sell gas and condensates on European markets.
The recent rapid and historic slide in oil prices has cast a long shadow over the energy deal market, but energy companies still dove into a dizzying array of deals in 2014, from shedding noncore oil and gas assets to scooping up power generation and solar energy facilities. Here, attorneys reveal five trends they observed in energy M&A over the past year.
DLA Piper partner Gianluca Bacchiocchi has built a career crafting first-of-their-kind financings from diverse lender groups for landmark projects in Latin America, including the $5 billion Lima Metro Line 2 project in Peru, earning him a spot among Law360’s Project Finance MVPs for 2014.
Talisman Energy Inc., under activist pressure to restructure, said Tuesday it would sell itself to Spanish oil giant Repsol SA in a much-anticipated $13 billion deal that could be the beginning of a new wave of deal-making in the sputtering oil sector.
Murray Energy Corp. said Monday the U.S. Environmental Protection Agency’s plan to reduce greenhouse gas emissions from existing power plants is based on a provision of the Clean Air Act that actually prohibits the proposed action, and asked the D.C. Circuit to stop it immediately.
The bad news coming out of the European Pro Bono Summit in November was the rising toll of heavy cuts to public legal aid in England. From this crossroad, there is a lot to be learned about the relationship between public and private assistance, the direction of legal help for the poor in the EU, and whether the American legal aid/pro bono experience offers a road map for what’s next in Europe, says Kevin Curnin of the Association ... (continued)
In the classic case, a client and his attorney seek appellate counsel after the trial court proceedings are concluded. But these days, “classic cases” are few and far between — more and more, appellate lawyers assist in the trial court with preservation of the appellate record and compliance with the many technical rules of appellate procedure, says David Axelrad of Horvitz & Levy LLP.
When prospective participants in a new oil and gas play are not already involved in well-designed and structured joint ventures, new opportunities can create potential antitrust liability for developers who may be tempted to share, or requested to share, commercially sensitive information with their competitors, say attorneys with Crowell & Moring LLP.
The consensus that emerged from my discussions with several lawyers who have become best-selling novelists is that the traits it takes to be a great lawyer are invaluable in crafting first-rate mysteries and thrillers. Both thriller authors and lawyers possess a concentrated attention to detail that allows them to create a logical framework for their story, brief or courtroom presentation, says Michael Rubin of McGlinchey Stafford PLLC.
The D.C. Circuit's opinion in Ralls Corp. v. Committee on Foreign Investment in the U.S. triggered a lot of commentary, much of which has focused on the constitutional due process headline regarding the presidential order. But another holding may be of more import — that Ralls can attack the validity of two orders issued by CFIUS prior to the presidential order, say Stewart Baker and Stephen Heifetz of Steptoe & Johnson LLP.
2014 was another active year concerning hydraulic fracturing in California, with local lawmakers seeking to ban fracking and other well-stimulation techniques conducted by oil and gas operators and environmental groups challenging state regulatory agencies over such practices, say attorneys at Gibson Dunn & Crutcher LLP.
Civil authority coverage may be available in the context of municipal hydraulic fracturing bans, such as those recently passed in Texas and California, as the issue is judicially untested — depending on the specific terms of the policy and given the stated purpose of the ballot measure a fracking ban may trigger coverage in the commercial property policies of affected lessees, says Micah Skidmore of Haynes and Boone LLP.
U.S. Department of Transportation v. Association of American Railroads concerns the limits of the nondelegation doctrine, which commands that Congress cannot cede its legislative powers to other entities, as well as a due process challenge. During oral arguments before the U.S. Supreme Court Monday, AAR’s due process claim received substantial attention from several of the justices, more attention than the parties devoted to it in ... (continued)
The California Supreme Court presided over a spirited oral argument session in Berkeley Hillside Preservation v. City of Berkeley — a California Environmental Quality Act case with far-reaching consequences for regulators, project developers and courts — and it appears that the high court justices are divided on details of the appropriate legal standards of review for exceptions to the CEQA’s categorical exemptions, says Arthur Coo... (continued)
The impending entry into force of the Convention on Supplementary Compensation for Nuclear Damage will mark a significant milestone in international efforts to promote a global nuclear liability and compensation regime, say James Glasgow and Stephen Markus of Pillsbury Winthrop Shaw Pittman LLP.