Project Finance

  • 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.

  • January 25, 2024

    DC Circ. Unsure About Wading Into PR Bay Dredging Fight

    The U.S. Army Corps of Engineers faced off against several environmental groups at the D.C. Circuit Thursday over a dredge project that would widen Puerto Rico's largest port, but the panel seemed more concerned about whether it had the jurisdiction to hear the appeal at all.

  • January 25, 2024

    FERC Won't Halt Work On Texas LNG Export Terminal

    The Federal Energy Regulatory Commission has said it won't pause authorized construction on a liquefied natural gas export terminal on the South Texas Gulf Coast, a decision a dissenting commissioner said perpetuates and magnifies injuries to environmental justice communities and ignores evidence of harm to public health and the environment.

Expert Analysis

  • 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.

  • Opinion

    High Court's Ethics Statement Places Justices Above The Law

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    The U.S. Supreme Court justices' disappointing statement on the court's ethics principles and practices reveals that not only are they satisfied with a status quo in which they are bound by fewer ethics rules than other federal judges, but also that they've twisted the few rules that do apply to them, says David Janovsky at the Project on Government Oversight.

  • G7 Russia Restrictions May Further Complicate Compliance

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    New sanctions and export controls announced at the G7 summit targeting parties that help Russia circumvent existing restrictions signal continued multilateral commitment to intensifying economic pressure on Russia, and underscore the increasing compliance challenges for companies that pursue Russia-related opportunities, say attorneys at Ropes & Gray.

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