Luxembourg must recoup €120 million ($139 million) in unpaid taxes from French energy company Engie due to illegal state aid on a tax deal, the European Commission said Wednesday as the company quickly denied the charges and vowed to appeal.
The Bureau of Land Management could do a better job tracking suspended oil and gas leases on public lands to make sure there’s a good reason they aren’t being developed and generating money for the federal government, the U.S. Government Accountability Office said in a report released Tuesday.
The Native Village of Chignik Lagoon hit Orion Marine Contractors Inc. and Liberty Mutual with a lawsuit in Alaska federal court Monday over the contractor's allegedly late and deficient construction work on a hydroelectric project.
The Second Circuit on Tuesday ordered former HSBC foreign currency exchange executive Mark Johnson released from prison on bail pending appeal of his conviction for defrauding Cairn Energy PLC in a $3.5 billion currency deal, hours after he argued that his post-conviction international travel and compliance with court orders show he’s not a flight risk.
A Dallas-based oil and gas company and its CEO on Tuesday agreed to pay the U.S. Securities and Exchange Commission $7.2 million to resolve allegations they scammed dozens of investors out of more than $8 million using fraudulent securities, according to documents filed in Texas federal court.
The Trump administration said Tuesday it was considering major changes in how the nation’s cornerstone environmental law is implemented with an eye toward streamlining permitting processes, prompting howls of criticism from green groups.
The D.C. Circuit on Tuesday held that the U.S. Department of the Interior does not have a legal obligation to reexamine the environmental impacts of its coal leasing program in order to account for climate change, in a blow for green groups that sought to force the agency’s hand.
Spain must pay more than €112 million to units of the European private equity firm Antin Infrastructure Partners for revoking certain economic incentives for renewable energy producers, marking another loss in arbitration for the country over the measures, a source with knowledge of the award told Law360 on Tuesday.
A proposed class of investors in Anadarko Petroleum Corp. failed to demonstrate that the oil company violated federal securities law by not disclosing safety risks related to its gas wells, a Texas federal judge ruled Tuesday, though he left the investors with the option to amend their claims.
LeClairRyan has hired a Schnader Harrison Segal & Lewis LLP trial lawyer who’s represented clients in the energy, aerospace and defense industries to join its intellectual property, commercial litigation, products liability and aviation teams, the firm announced Monday.
Orrick Herrington & Sutcliffe LLP has nabbed a former Vinson & Elkins LLP international arbitration partner with expertise in the energy sector to work in its London office as part of the continued growth of its European practice group, Orrick announced Monday.
Preserving the viability of regional wholesale electricity markets will be a Federal Energy Regulatory Commission priority in the face of a Trump administration plan to prop up struggling coal and nuclear power plants, FERC Chairman Kevin McIntyre told Law360 in an exclusive interview.
Energy-focused Grey Rock Energy Partners on Tuesday said its latest fund snagged $232.5 million in commitments as it looks to add more oil and gas assets to a growing portfolio, with Thompson & Knight LLP guiding the Dallas-based private equity firm.
The Federal Energy Regulatory Commission asked a Massachusetts power plant owner to explain why it should not be hit with a $4.2 million civil penalty and disgorge more than $2 million in payments over allegations it improperly stated its fuel and generating capacity.
In this monthly series, legal recruiters at Major Lindsey & Africa interview management from top law firms about navigating an increasingly competitive business environment. Here we feature Mia Stutzman, chief financial officer at Holland & Knight LLP.
Sullivan & Cromwell LLP-led Cheniere Energy Inc. said Tuesday it will pay approximately $580 million to buy up all the shares it doesn't already own in a related master limited partnership, joining a growing number of energy companies adjusting their corporate structures following tax adjustments to MLPs by the Federal Energy Regulatory Commission.
A London appeals court on Tuesday upheld a ruling allowing Bank of New York Mellon Corp. to freeze $22.6 billion of assets in Kazakhstan’s oil fund as part of a dispute over the country’s refusal to pay a $506.7 million arbitration award granted to a Moldovan investor.
Following an American Bar Association pledge, in-house attorneys are taking a harder line in demanding diversity from their outside counsel, and they're seeking to play a larger role in the workings of the law firms they hire.
We asked BigLaw for data on female minority lawyers for the first time this year, and the results show an industry that is failing to attract and retain them. Here’s a look at the challenges facing these attorneys — and how a few firms are defying the norm.
The legal industry is making sluggish gains when it comes to attracting and retaining attorneys of color, but this select group of firms is taking broader strides to diversify at the top.
The legal industry has already begun to feel the impact of anti-bribery and anti-money laundering requirements. When involved with cryptocurrency trading and remittance, law firms face more than the risk of being perceived as organizations that support money laundering practices, says John Reed Stark of John Reed Stark Consulting LLC.
With its recent decision in Hughes v. United States, the U.S. Supreme Court has passed on an opportunity to shed light on its prior rulings on the statutory reach of the federal Clean Water Act, long a source of confusion for lower courts and litigants alike, say Andrea Driggs and Christopher Thomas of Perkins Coie LLP.
Law firms are increasingly accepting cryptocurrency as payment for services. While this might seem innovative and forward-thinking, ironically it is much more of a throwback, says John Reed Stark of John Reed Stark Consulting LLC.
Durable reform of existing regulations requires hard work. The U.S. Environmental Protection Agency's recently proposed revisions of a core Obama administration midnight rule — the Risk Management Plan program for certain chemical, refining and general manufacturing facilities — demonstrate how this work is done, say attorneys with Hunton Andrews Kurth LLP.
The House recently passed — and now the Senate is considering — the most important piece of energy and environmental legislation it will consider all year. It isn’t a revision to the Endangered Species Act or the Clean Water Act. It's the National Defense Authorization Act, say attorneys with WilmerHale.
I agree with the legal pundits speculating that NewLaw’s present and future disruptors will radically change the legal services industry, but that change may not come quite as rapidly as predicted. Regardless, now is the time for both the incumbents and the challengers to best position themselves for the eventual shakeup, says Craig Levinson, founder of Levity Partners.
Legal pundits continue to make predictions that newer entrants into the industry — NewLaw firms, the Big Four and alternative legal service providers — will progressively seize greater amounts of market share from traditional law firms. But the BigLaw response has been underwhelming at best, and a glimpse at the market forces puts its lack of urgency into perspective, says Craig Levinson, founder of Levity Partners.
The first quarter of 2018 was above average in terms of Foreign Corrupt Practices Act investigations closed by U.S. regulators without enforcement. But the government may return to more assertive enforcement in the future — and companies and individuals may still face liability long after the "completion" of any misconduct, says Collmann Griffin of Miller & Chevalier Chtd.
Enforcement of the Foreign Corrupt Practices Act was relatively slow during the first quarter of 2018, with only three fairly low-value corporate enforcement actions announced between January and March of the year. But the announced second quarter settlements and likely future dispositions suggest that 2018 still may be an active year overall for FCPA enforcement, says Collmann Griffin of Miller & Chevalier Chtd.
The next several weeks may shed a great deal of light on how vulnerable Venezuela and its state-owned oil company PDVSA are to creditor collection efforts. Bondholders should also closely monitor developments in the U.S. bribery suit brought by the PDVSA U.S. Litigation Trust, say Richard Cooper and Boaz Morag of Cleary Gottlieb Steen & Hamilton LLP.