Project Finance

  • January 23, 2024

    Wash. Justices Scrutinize Arb. Award's Role In Future Suits

    Washington State Supreme Court justices on Tuesday questioned a beleaguered developer's insistence that a trial judge should not have confirmed an $11.5 million arbitration award against it since it has already paid the money, saying the details of the award might have value in continued litigation between the developer and its lender.

  • January 23, 2024

    Appeals Board Says Feds Forfeited 'Sum Certain' Arguments

    The Armed Services Board of Contract Appeals refused to toss ECC International Constructors LLC's appeals in a long-running contract dispute with the U.S. Army Corps of Engineers, saying the government was late in arguing the firm failed to seek a specific sum.

  • January 23, 2024

    ISP Appeals FCC's Denial Of $49M In Rural Broadband Funds

    A wireless broadband provider is asking the Federal Communications Commission to reconsider its rejection of the company's Rural Digital Opportunity Fund application, saying the commission's December decision letter is "riddled with material errors of fact."

  • January 23, 2024

    AECOM Says Contractor's $5M Pretrial Concession 'Too Late'

    The design and engineering giant AECOM said it was too late for a joint venture to concede liability on a $5 million damages claim in a Colorado toll lanes project dispute, telling a federal judge that the venture blew its chance and the firm is "no longer willing" to negotiate a pretrial deal.

  • January 23, 2024

    PG&E Beats $2.5B Negligence Suit Over Blackouts At 9th Circ.

    A Ninth Circuit panel on Tuesday affirmed the dismissal of a $2.5 billion proposed class action seeking to hold PG&E liable for blackouts allegedly caused by maintenance issues with its electrical grid after the California Supreme Court clarified that state law shields the utility from facing liability during emergency blackouts.

  • January 23, 2024

    Verrill Adds New Energy, Telecom Partner To Boston Office

    Verrill has welcomed Verizon's long-time East region deputy general counsel as a partner in its Boston office, strengthening the firm's energy, telecommunications and natural resources practice group.

  • January 23, 2024

    Ex-Cognizant Exec Says 2nd Bribe Evidence Essential To Defense

    The former legal chief of Cognizant Technology Solutions urged a New Jersey federal judge on Monday to allow evidence of a second alleged bribe of an Indian government official, saying it could help exonerate him and a co-defendant at a trial scheduled this spring.

  • January 23, 2024

    Court Will Rethink Tribes' Claims In Railroad Dispute

    An Idaho federal judge has reinstated two Quiet Title Act claims the Shoshone-Bannock Tribes of the Fort Hall Reservation lodged against the federal government in a dispute over land once used by a railway, agreeing that a Supreme Court ruling requires the reversal of a prior order dismissing the claims.

  • January 22, 2024

    DC Circ. Mulls Enforcing $486M Award Against Djibouti

    The D.C. Circuit spent the better part of an hour Monday morning trying to sort out the intricacies of a dispute between the Republic of Djibouti and a Dubai-based state-owned shipping coordinator over a $486 million arbitral award.

  • January 22, 2024

    Iowa County's CO2 Pipeline Rules Are Preempted, Judge Told

    The developer of a proposed interstate carbon dioxide pipeline has told a federal judge that rules restricting its project passed last week in Palo Alto County, Iowa, are preempted by federal law, as the company pointed to a ruling last month blocking two other local ordinances.

  • January 22, 2024

    World Cup Workers' Abuse Claims Are Misdirected, US Co. Says

    Filipino laborers who claimed they were subjected to abusive work and living conditions while helping build facilities for the 2022 FIFA World Cup in Qatar aimed their ire in the wrong direction, a U.S. construction company told a Colorado federal judge in a bid to dismiss the suit.

  • January 22, 2024

    Utilities Seek To Lower Cost Of FCC Pole Replacement Rule

    Utilities want the Federal Communications Commission to change two aspects of a recent rule aimed at resolving pole attachment disputes to clarify when they have to provide copies of easements and pay to replace outdated poles.

  • January 22, 2024

    FTC Probing Occidental's $12B CrownRock Deal

    The Federal Trade Commission is deepening its investigation into Occidental Petroleum Corporation's $12 billion deal to purchase oil and natural gas company CrownRock, Occidental revealed on Monday.

  • January 22, 2024

    Holland & Knight Brings On Greenspoon Public Finance Pros

    A pair of former Greenspoon Marder LLP public finance attorneys who both have about four decades of experience in their practice area have jumped to Holland & Knight LLP, the firm announced Monday.

  • January 22, 2024

    Feds, States To Split Argument Time For EPA Smog Plan

    The U.S. Supreme Court agreed on Monday to split the argument time in four related cases challenging whether the U.S. Environmental Protection Agency can implement a plan to reduce cross-state pollution, giving the U.S. solicitor general's office 20 minutes to argue on behalf of the EPA.

  • January 22, 2024

    Crypto Software Developer Terraform Files For Ch. 11

    Open-source cryptocurrency software developer Terraform Labs filed for Chapter 11 in Delaware, saying it intends to continue operating as it deals with ongoing regulatory litigation brought by the U.S. Securities and Exchange Commission.

  • January 19, 2024

    Law360 Names Firms Of The Year

    Eight law firms have earned spots as Law360's Firms of the Year, with 55 Practice Group of the Year awards among them, steering some of the largest deals of 2023 and securing high-profile litigation wins, including at the U.S. Supreme Court.

  • January 19, 2024

    Law360 Names Practice Groups Of The Year

    Law360 would like to congratulate the winners of its Practice Groups of the Year awards for 2023, which honor the attorney teams behind litigation wins and major deals that resonated throughout the legal industry this past year.

  • January 20, 2024

    Treasury Targeting Year's End For 2nd Round Of Green Credits

    The U.S. Treasury Department is targeting the end of 2024 to wrap up the second round of applications from manufacturers seeking investment tax credit allocations for new or refurbished factories that largely support the green economy, a department official said.

  • January 19, 2024

    Lima Takes Dispute Over Arbitrator Complaint To DC Circ.

    Peru's capital city of Lima is appealing a D.C. federal judge's order directing the city to turn over a criminal complaint it filed against arbitrators adjudicating claims against it related to a highway project and concession contract, maintaining that the judge issued the order before considering the city's immunity defenses.

  • January 19, 2024

    Convertible Bonds Gain Momentum Amid Elevated Rates

    Convertible bonds are picking up speed as a corporate funding tool in early 2024, bolstered by stronger stock performances and pressing refinancing needs, factors that experts say can make these hybrid instruments appealing to companies navigating a costlier interest rate environment.

  • January 19, 2024

    Feds To Turn To 9th Circ. To Swat Down Kids' Climate Suit

    The federal government told an Oregon federal judge it plans to ask the Ninth Circuit to strike down her recent decision greenlighting an amended climate lawsuit filed by young people over the role of harmful fossil fuel energy policies in worsening the climate crisis.

  • January 19, 2024

    Bracewell Gets Ex-Deloitte, Alliantgroup Atty For Its Tax Group

    Bracewell LLP has added an attorney with prior in-house experience at Deloitte and Alliantgroup as a partner in Houston to help bolster its efforts assisting clients in qualifying for and monetizing energy tax incentives, the global firm said in an announcement Thursday.

  • January 19, 2024

    Ariz. Tribes Say Power Line Project OK Imperils Sacred Areas

    A coalition of Arizona tribes and conservationists has sued the U.S. Department of the Interior over its approval of a major power transmission line project running through the state, claiming it failed to conduct a legally adequate inventory of historic properties and cultural resources that would be affected.

  • January 19, 2024

    King & Spalding Adds Bechtel Energy In-House Atty In Texas

    King & Spalding LLP has grown its Houston roster with a partner who boasts decades of experience as an in-house lawyer for energy companies including Bechtel Energy, Chevron and Halliburton.

Expert Analysis

  • Firm Tips For Helping New Lawyers Succeed Post-Pandemic

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    Ten steps can help firms significantly enhance the experience of attorneys who started their careers in the coronavirus pandemic era, including facilitating opportunities for cross-firm connection, which can ultimately help build momentum for business development, says Lana Manganiello at Equinox Strategy Partners.

  • Growing EU Scrutiny Increases Hurdles For Foreign Investors

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    The application of the EU Foreign Subsidies Regulation from July will bring further oversight to many large deals, and together with bolt-on strategies, foreign investment regulation and antitrust enforcement, financial sponsors will need to start planning for compliance to avoid potential delays, say Anna Mitchell and Neil Hoolihan at Linklaters.

  • Tackling Judge-Shopping Concerns While Honoring Localism

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    As the debate continues over judge-shopping and case assignments in federal court, policymakers should look to a hybrid model that preserves the benefits of localism for those cases that warrant it, while preventing the appearance of judge-shopping for cases of a more national or widespread character, says Joshua Sohn at the U.S. Department of Justice.

  • EPA Nod For La. Program Bodes Well For Carbon Storage

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    The U.S. Environmental Protection Agency's recent announcement that it plans to grant Louisiana control over the permitting of carbon dioxide geologic sequestration wells is a welcome development for other states seeking similar authority — and developers seeking carbon storage well permits, say attorneys at Sidley.

  • Perspectives

    How Attorneys Can Help Combat Anti-Asian Hate

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    Amid an exponential increase in violence against Asian American and Pacific Islander communities, unique obstacles stand in the way of accountability and justice — but lawyers can effect powerful change by raising awareness, offering legal representation, advocating for victims’ rights and more, say attorneys at Gibson Dunn.

  • Opinion

    Congress Needs To Enact A Federal Anti-SLAPP Statute

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    Although many states have passed statutes meant to prevent individuals or entities from filing strategic lawsuits against public participation, other states have not, so it's time for Congress to enact a federal statute to ensure that free speech and petitioning rights are uniformly protected nationwide in federal court, say attorneys at Skadden.

  • 3 Developments That May Usher In A Nuclear Energy Revival

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    A recent advancement in nuclear energy technology, targeted provisions in the Inflation Reduction Act and a new G7 agreement on nuclear fuel supply chains may give nuclear power a seat at the table as a viable, zero-carbon energy source, say attorneys at Vinson & Elkins.

  • What Tax-Exempt Orgs. Need From Energy Credit Guidance

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    Guidance clarifying the Inflation Reduction Act’s credit regime, expected from the U.S. Department of the Treasury this summer, should help tax-exempt organizations determine the benefits of clean energy projects and integrate alternative energy investments into their activities, say attorneys at Morgan Lewis.

  • As Sackett Trims Feds' Wetlands Role, States May Step Up

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    The U.S. Supreme Court's recent decision in Sackett v. U.S. Environmental Protection Agency extinguishes federal authority over many currently regulated wetlands — meaning that federal permits will no longer be required to discharge pollutants in affected areas, but also that state regulators may take a more active role, say attorneys at Kelley Drye.

  • Some Client Speculations On AI And The Law Firm Biz Model

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    Generative artificial intelligence technologies will put pressure on the business of law as it is structured currently, but clients may end up with more price certainty for legal services, and lawyers may spend more time being lawyers, says Jonathan Cole at Melody Capital.

  • EPA's New Rule On Power Plant GHGs Won't End Litigation

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    The U.S. Environmental Protection Agency's recent proposal for limiting greenhouse gas emissions from the nation's power plants would use new approaches to reduce carbon pollution in the coming years — but it is unlikely it will end the legal wrangling over climate change mitigation measures, say attorneys at Beveridge & Diamond.

  • Why Ericsson DPA Breach Is Precedent-Setting

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    Swedish telecommunications company Ericsson recently faced several penalties for breaching a deferred prosecution agreement, revealing a sobering new precedent for when the U.S. Department of Justice will find an entity in noncompliance, so companies should be prepared to revisit pre-resolution disclosures, say James Koukios and Sarah Maneval at MoFo.

  • Environmental Diligence Is Crucial When Buying Biofuel Cos.

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    As momentum for mergers and acquisitions transactions within the biofuels industry continues to grow, potential buyers must not neglect proper diligence and thoughtful negotiation regarding environmental attributes generated in connection with the target's products and production process, says Victoria Sitz at Husch Blackwell.

  • What An ICJ Climate Opinion Could Mean For Gov'ts, Cos.

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    The United Nations General Assembly's recent request to the International Court of Justice for an advisory opinion on states' climate obligations could result in either a conservative finding that merely restates existing international law commitments, or a comprehensive regime with major implications for governments and businesses, say attorneys at Curtis Mallet-Prevost.

  • A Lawyer's Guide To Approaching Digital Assets In Discovery

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    The booming growth of cryptocurrency and non-fungible tokens has made digital assets relevant in many legal disputes but also poses several challenges for discovery, so lawyers must garner an understanding of the technology behind these assets, the way they function, and how they're held, says Brett Sager at Ehrenstein Sager.

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