Project Finance

  • January 30, 2024

    DC Judge Hints At Tossing 2020 Fla. Enviro Review Transfer

    A D.C. federal judge hinted that he was considering granting a collective of environmental groups' request to undo the transfer of a key environmental permitting step from the federal government to Florida state regulators, a move the groups say threatens protections for endangered species.

  • January 30, 2024

    Texas Justice Asks If Uri Pricing Kept State Out Of 'Stone Ages'

    Texas Justices on Tuesday pressed Luminant Energy Co. LLC on whether the Public Utility Commission of Texas is forced to maintain competitive pricing above electric grid reliability — even in cases where the state is facing living "in the Stone Ages" — as it weighed whether to uphold two of the commission's pricing orders during winter storm Uri in 2021.

  • January 30, 2024

    Holtec, Firm Fined $5M Over NJ Tax Credit Applications

    A New Jersey-based energy technology company and a real estate firm are avoiding criminal prosecution for unlawfully exploiting a state tax incentive program by agreeing to pay $5 million in penalties and be monitored in future applications for state benefits, the state attorney general announced Tuesday.

  • January 30, 2024

    6th Circ. Backs Antero's Win In Oil Royalties Breach Suit

    The Sixth Circuit affirmed on Tuesday a lower court's dismissal of a lessor's contract breach suit accusing Antero Resources of underpaying royalties under an oil-and-gas lease, finding the lessor failed to follow the lease's 90-day presuit notice requirement and "made no attempt to provide any prelawsuit notice at all."

  • January 30, 2024

    FERC Can't Justify Grid Upgrade Cost Order, NY Utilities Say

    New York utilities fired back at the Federal Energy Regulatory Commission's defense of its refusal to allow them to earn returns from grid upgrades, telling the D.C. Circuit the commission has ignored the impact of climate change on the electrical grid and has misinterpreted the Federal Power Act.

  • January 30, 2024

    Texas Oil Regulators Want Court Fight Over EPA Methane Rule

    Texas' oil and gas regulator asked the state attorney general's office Tuesday to challenge the U.S. Environmental Protection Agency's sweeping new methane emissions standards for oil and gas infrastructure that include the first standards for existing infrastructure.

  • January 30, 2024

    Feds, Tesoro Question Landowners' Bid To Join Pipeline Fight

    The U.S. government has told a North Dakota federal judge that tribal landowners' push to join a pipeline fight with Tesoro High Plains Pipeline Co. LLC may be premature, while the company said it threatens to turn its litigation against the government "into a circus."

  • January 30, 2024

    EB-5 Investors Can Probe Atty Accounts In Settlement Search

    Chinese investors looking to collect long-overdue settlement and sanctions judgments in a fraud case can probe the bank accounts for attorneys representing two real estate developers accused of constantly shifting their assets to avoid paying up, an Illinois federal judge said Tuesday.

  • January 29, 2024

    Early Designs For Road Project Naturally Flawed, Jury Hears

    A construction design firm told a Colorado federal jury Monday that it's being sued for nearly $260 million because its initial design of a Denver-area highway expansion had the sort of deficiencies to be expected in such an early pass.

  • January 29, 2024

    Green Groups Oppose Extension Of Mont. Coal Mine Analysis

    Conservation groups are fighting the U.S. government's bid for more time to correct a faulty environmental analysis of a coal strip mine expansion near the city of Colstrip, Montana, arguing that a federal court already said it would halt mining if changes weren't made within 19 months.

  • January 29, 2024

    Justices Set March Arguments In Tribal Healthcare Dispute

    The U.S. Supreme Court will hear arguments in March on two federal government petitions seeking to overturn orders that have the potential to cost $2 billion a year to support Native American tribes that provide insurer-funded services to their members.

  • January 29, 2024

    International Arbitration Expert Rejoins Curtis In Geneva

    Curtis Mallet-Prevost Colt & Mosle LLP has announced that "a leading lawyer of her generation" in international disputes and international arbitration has rejoined the firm as a partner in its Geneva office.

  • January 29, 2024

    Locke Lord Accused Of Playing 'Cat And Mouse' To Avoid Suit

    An oil company suing Locke Lord LLP for malpractice over a refinery financing project gone wrong has told a New Jersey state court that it has jurisdiction over the Texas-based firm and asked to add an unauthorized practice of law claim.

  • January 29, 2024

    EPA Wrongly Approved Flawed Colo. Air Plan, 10th Circ. Told

    The U.S. Environmental Protection Agency unlawfully approved Colorado's air pollution control plan despite its containing too many exemptions for the oil and gas industry, an environmental group has told the Tenth Circuit.

  • January 26, 2024

    EU Investment Plans Play To US Nat'l Security Concerns

    Three new measures adopted by the European Commission stand to close alternate pathways to advanced technology and funding that have plagued U.S. efforts to thwart adversaries like China and Russia.

  • January 26, 2024

    Enviro Group Launches New Bid To Block Colo. Water Project

    A Colorado environmental group has asked a federal judge to toss approval by the Army Corps of Engineers of a major water pipeline and reservoir project, alleging the agency violated federal laws by failing to consider less environmentally damaging alternatives when analyzing the Northern Integrated Supply Project.

  • January 26, 2024

    Dissolved Biomed Co. Aims To Bar Ex-CEO's Credit Bid In Del.

    A former officer of a biomedical company startup that was ordered dissolved by Delaware's chancellor for "egregious misconduct" by its founder and former CEO has asked the court to declare any purported debts to the ex-CEO to be unrecoverable gifts ineligible for use in bidding for the business.

  • January 26, 2024

    Biden Stokes LNG Uncertainty With Export Review Pause

    The Biden administration's pause of its approvals of liquefied natural gas exports to countries that don't have free-trade agreements with the U.S. will delay several projects and have potential customers question whether their supply agreements can ultimately be honored.

  • January 26, 2024

    DC Circ. Balks At Overturning FCC's Subsidy Fee System

    D.C. Circuit judges seemed skeptical Friday that Congress gave the Federal Communications Commission too much power to raise fees to support telecom programs, though one jurist asked if the courts should allow the IRS similar leeway to raise taxes as much as needed to fill the U.S. treasury.

  • January 26, 2024

    Paxton Says Barclays Can't Participate In Texas Bond Market

    Texas Attorney General Ken Paxton on Friday announced that Barclays is no longer allowed to underwrite the state's municipal bonds after the bank failed to respond to requests from the attorney general's office for information about its stated carbon emission commitments.

  • January 26, 2024

    Real Estate Authority: A New Tallest Tower?

    Law360 Real Estate Authority covers the most important real estate deals, litigation, policies and trends. This week brought key developments in California, Florida and New York — as well as a pitch for a 1,900-foot tower, which would unseat One World Trade Center as the tallest tower in the United States.

  • February 08, 2024

    Law360 Seeks Members For Its 2024 Editorial Boards

    Law360 is looking for avid readers of its publications to serve as members of its 2024 editorial advisory boards.

  • January 26, 2024

    Don't Tax Broadband Deployment Money, Telecom Groups Say

    A group of telecommunications trade associations are asking Congress to grant their members tax breaks for broadband deployment costs, saying that without the proposed legislation, money intended to help bring broadband to currently out-of-reach households would return to the government in tax payments.

  • January 26, 2024

    Biden Admin Pauses LNG Reviews Over Climate Concerns

    The Biden administration on Friday said it would pause its approvals of liquefied natural gas exports to countries that don't have free-trade agreements with the U.S., and revise its export policy to greater account for LNG's impacts on climate change and energy prices.

  • January 25, 2024

    Judge Rejects Late Concession, Despite Possibly Absurd Trial

    A Colorado federal judge on Thursday rejected a joint venture's last-minute bid to concede liability on a $5 million claim ahead of a trial next week over a state toll lanes expansion, concluding his hands were tied even though it may be silly to forge ahead with trying the claim.

Expert Analysis

  • Opinion

    Bar Score Is Best Hiring Metric Post-Affirmative Action

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    After the U.S. Supreme Court's ruling striking down affirmative action admissions policies, law firms looking to foster diversity in hiring should view an applicant's Multistate Bar Examination score as the best metric of legal ability — over law school name or GPA, says attorney Alice Griffin.

  • IRS Guidance Powers Up Energy Tax Credit Transfers

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    Recent IRS guidance on the monetization of energy tax credits provides sufficient clarity for parties to start negotiating transfer agreements, but it is unclear when the registration process required for credits to change hands will be up and running, say attorneys at Shearman.

  • Ghosting In BigLaw: How To Come Back From Lack Of Feedback

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    Junior associates can feel powerless when senior colleagues cut off contact instead of providing useful feedback, but young attorneys can get back on track by focusing on practical professional development and reexamining their career priorities, says Rachel Patterson at Orrick.

  • Steps To Success For Senior Associates

    Excerpt from Practical Guidance
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    Adriana Paris at Rissman Barrett discusses the increased responsibilities and opportunities that becoming a senior associate brings and what attorneys in this role should prioritize to flourish in this stressful but rewarding next level in their careers.

  • Legal Profession Must Do More For Lawyers With Disabilities

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    At the start of Disability Pride month, Rosalyn Richter at Arnold & Porter looks at why lawyers with disabilities are significantly underrepresented in private practice, asserting that law firms and other employers must do more to conquer the implicit bias that deters attorneys from seeking accommodations.

  • Is There A New 'Moderate Questions' Doctrine?

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    The D.C. Circuit's recent Heating v. EPA decision signals that courts may begin to approach agency reliance on general statutory authorization with skepticism similar to the "major questions" doctrine the U.S. Supreme Court announced in West Virginia v. EPA last year, even in less major cases, says Jason Neal at HWG.

  • Ohio Tax Talk: Building On Federal Affordable Housing Credit

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    Ohio's soon-to-be-implemented low-income housing tax credit could significantly affect the state's affordable housing landscape and influence tax-credit deal financing for these projects, though Senate changes may have dampened the new credit's immense potential, say Raghav Agnihotri and Rachael Chamberlain at Frost Brown.

  • Opinion

    Appellate Funding Disclosure: No Mandate Is Right Choice

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    The Advisory Committee on Appellate Rules' recent decision, forgoing a mandatory disclosure rule for litigation funding in federal appeals, is prudent, as third-party funding is only involved in a minuscule number of federal cases, and courts have ample authority to obtain funding information if necessary, says Stewart Ackerly at Statera Capital.

  • Using Agreements To Cover Gaps In Hydrogen Storage Regs

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    The Inflation Reduction Act's incentives for energy storage have spurred investment in hydrogen storage and production, but given the lack of comprehensive regulations surrounding the sector, developers should carefully craft project and financing agreements to mitigate uncertainties, say Omar Samji and Sarah George at Weil, and attorney Manushi Desai.

  • Despite Signs Of A Nuclear Power Revival, Outlook Still Mixed

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    The U.S. Nuclear Regulatory Commission's certification of a small modular reactor design earlier this year, and recent legislation introduced in Congress, may help renew U.S. nuclear energy development — but political opposition remains an obstacle, say attorneys at Latham.

  • Justices' Corruption Ruling May Shift DOJ Bank Fraud Tactics

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    After the U.S. Supreme Court’s decision last month in Ciminelli v. U.S., curtailing a government theory of wire fraud liability, prosecutors may need to reconsider their approach to the bank fraud statute, particularly when it comes to foreign bank enforcement, says Brian Kearney at Ballard Spahr.

  • Scope Of Fla. Anti-ESG Law: What We Know And Don't Know

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    Florida's ambitious new law restricting the use of ESG factors takes effect July 1, and even businesses not directly affected should study H.B. 3, as it may be the harbinger of more expansive restrictions to come in Florida and elsewhere, says Bessie Daschbach at Hinshaw.

  • The Road Ahead For EPA's Greenhouse Gas Reduction Efforts

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    Recent U.S. Environmental Protection Agency actions could help the Biden administration's goals of decarbonizing the electricity sector, but they will have to potentially overcome technical, legal and political challenges, says Andrew Shaw at Dentons.

  • How Attys Can Avoid Exposing Their Firms To Cyberattacks

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    Attorneys are the weakest link in their firms' cyberdefenses because hackers often exploit the gap between individuals’ work and personal cybersecurity habits, but there are some steps lawyers can take to reduce the risks they create for their employers, say Mark Hurley and Carmine Cicalese at Digital Privacy & Protection.

  • Chapter 100 Incentives Can Offer Relief For Mo. Solar Projects

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    Although the Missouri Supreme Court's decision last year in Johnson v. Springfield Solar 1 overturned the state's tax exemption for solar energy systems, solar developers may still be able to use other mechanisms, like Chapter 100 incentives, to offset project costs, say Lizzy McEntire and Anna Kimbrell at Husch Blackwell.

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