A Texas appeals court on Tuesday refused to grant sanctions in a dispute over solar turbine engines planned for an Arabian Gulf project and rejected arguments that two parallel court proceedings should be consolidated in a single suit.
A Louisiana hospital operator on Tuesday lost its suit over bond insurer National Public Finance Guarantee Corp.'s delay in deciding to approve its plan to issue $350 million in additional bonds, when the Fifth Circuit ruled their agreement allowed National Public to withhold approval.
While buyouts for some New York homeowners smacked by Superstorm Sandy are still in the offing, the relocation program's scale has shrunk from the size initially envisioned by Gov. Andrew Cuomo, leading some environmentalists to lament the potential for a costly repeat of the hurricane's damage.
Massachusetts Gov. Deval Patrick on Tuesday reportedly OK’d the construction of a $500 million mixed-use complex near Fenway Park in Boston, seven months after a state appeals court affirmed the dismissal of a related complaint from a neighboring property owner.
The European Investment Bank will loan about €140 million ($181 million) to a Polish contractor for the construction of a 450-megawatt, energy-efficient power station at the Stalowa Wola power plant in southeastern Poland, the bank said Monday.
A division of one of Canada's top pension funds is spearheading an $8.1 billion effort to swallow up a U.K. water company, while an activist hedge fund run by billionaire Daniel Loeb has set its sights on a major shakeup at Sony.
A Dominion Resources Inc. subsidiary on Tuesday urged the D.C. Circuit to tell states they cannot shelve Federal Energy Regulatory Commission-approved proposals based on local laws, claiming Maryland refuses to approve its gas compression plant proposal due to a local zoning ordinance.
The D.C. Circuit on Tuesday rejected nine environmental groups' attempts to delay the expansion of a Georgia nuclear power plant, ruling that a federal regulator already had taken into account safety concerns stemming from 2011's Fukushima plant disaster.
The Los Angeles City Council affirmed, on a second reading Tuesday, the contentious environmental impact report for a proposed $4.1 billion overhaul of the Los Angeles International Airport.
Jones Day has nabbed a 22-year veteran from the Silver Circle firm Herbert Smith Freehills LLP to join its growing Sydney-based projects and infrastructure practice as partner, the firm announced Tuesday.
Sunoco Logistics Partners LP, a publicly traded partnership that owns and operates oil pipelines and storage and transportation buildings, is seeking customers for its Eaglebine Express crude petroleum pipeline in Texas, Sunoco Logistics said Monday.
The manager of a massive Central Florida ranch owned by the Mormon Church wrote the state's transportation secretary last month urging him not to rush into an agreement on a right-of-way corridor for a privately funded $1.5 billion passenger rail line that would connect Miami and Orlando.
An attorney for a New Jersey borough on Monday urged the New Jersey Supreme Court to reconsider how homeowners should be compensated when the government seizes a portion of their land for a public works project, as the construction of a protective dune system potentially hangs in the balance.
Spanish renewable energy company Abengoa SA has won a contract worth €1 billion ($1.3 billion) to build a new electricity transmission project in Brazil, securing the company's foothold in Latin America's electrical infrastructure market, according to a Monday statement.
The U.S. Army Corps of Engineers on Friday told a West Virginia federal judge that it wasn't obligated to consider human health impacts of mining activity when it issued a permit for a large mountaintop removal mine project, as several environmental groups suing to nix the permit claimed.
French power company GDF Suez SA has sold a 20 percent stake in a massive hydro power plant development in Brazil for roughly 1.14 billion Brazilian Real ($560 million) to Japan's Mitsui & Co. Ltd., GDF said Monday.
An Australian high court ordered a Rio Tinto PLC unit on Friday to pay royalties to two billionaire-backed companies, finding that a 1970 joint venture agreement was still in place despite Rio Tinto losing rights to the land for several years.
A private equity-backed British life insurance group is plotting out an initial public offering that would value it around $1.5 billion, while higher-ups at UBS have agreed to meet with representatives from an activist investment firm urging the bank to split itself up and consider an alternative ownership structure.
New Jersey’s utility watchdog on Thursday issued sharp criticism of Public Service Electric & Gas Co. and the state’s Board of Public Utilities after the regulator approved up to $446 million in solar power projects, saying the settlement was improperly struck behind closed doors.
International firm Ince & Co. has tapped an energy finance and projects expert from DLA Piper LLP to join its Singapore office, where he will head up its Asia Energy practice, the firm said Friday.
Research shows that helping others and cultivating social relationships makes us happier and that generous people live longer, healthier lives. These are just a few of the countless reasons to create time in our busy schedules to do pro bono and charitable work this year, says Anne Brafford of Morgan Lewis & Bockius LLP.
Recently, California legislators introduced four hydraulic fracturing bills, which, if passed, would authorize several regulatory agencies to govern fracking activities. With these bills, there are also legal obstacles that may come into play, and the industry can expect to see more delays in the permitting of new oil and gas wells, greater litigation and a definite departure from business as usual, say attorneys with Stoel Rives LLP.
The demand for venture credit among emerging companies expanded greatly during the Great Recession and shows no sign of easing. As venture capitalists continue to be selective in their additional capital deployments, we recommend that borrowers — and their counsel — address certain venture debt financing terms at the term sheet stage in order to avoid surprises later, say attorneys with Latham & Watkins LLP.
After New Jersey's first attempt to make tax credits available for offshore wind projects in 2010, the Garden State once again finds itself at the vestibule of change, possibly leading the way toward creating an offshore wind industry in America. Leading such a first-of-its-kind industry could have game-changing, long-term economic and social advantages on the state's economy, says Marshall McLean of McCarter & English LLP.
In our increasingly interconnected global marketplace, U.S. corporations could well profit from engaging alternative dispute resolution practitioners who are familiar with these diverse cultures. But problems in the development and retention of minority neutrals exist, even as the U.S. population grows more and more diverse, says Ariel Belen, a panelist with JAMS and former associate justice of the New York Supreme Court.
The U.S. District Court for the District of Columbia recently dismissed most claims of Chinese-owned Ralls Corporation’s civil action against an executive order that prohibits Ralls’ acquisition of four wind farm project companies in Oregon. The case exemplifies the importance of notifying and engaging the Committee on Foreign Investment in the United States voluntarily before closing a transaction that may raise national security concerns, says Alexandra Lopez-Casero of Nixon Peabody LLP.
In response to a business community campaign calling for broad California Environmental Quality Act reform, Sen. Darrell Steinberg, D-Calif., released his highly anticipated CEQA "modernization" bill. So far, the bill is more remarkable for what it lacks than for what it contains, but it still could reduce CEQA delay and uncertainty, says Barbara Schussman of Perkins Coie LLP.
In the recent case, Center for Biological Diversity v. Salazar, the Ninth Circuit ruled that mining plans of operations do not expire after temporary closures. This decision marks notable, favorable precedent for the mining industry and project proponents and helps settle expectations for mining plans of operations, says Tyler Welti of Perkins Coie LLP.
For the foreseeable future in California, fracking regulation will continue to move forward on three parallel paths: through the courts, legislature and agencies. Unfortunately, however, none of these paths are likely to provide the industry with clear rules regarding fracking activities in the next year, say attorneys with Bingham McCutchen LLP.
Today, the California Environmental Quality Act is often at the center of the long-standing tension between environmental and business interests, and this granddaddy of environmental impact assessment requirement is a roadblock to development and economic growth, say attorneys with Gibson Dunn & Crutcher LLP.