Libya's national oil company on Friday skirted an $812 million claim asserted against it in international arbitration that related to its agreement with a subsidiary of the Emirati Al Ghurair Investment Group to operate a Libyan oil refinery, coming away instead with a $116 million award on its counterclaims, according to a statement.
German generic-drug maker Dermapharm will be taken public before the start of April, Saudi Aramco has selected a number of banks to assist with its planned $100 billion initial public offering, and South African private hospital operator Life Healthcare is mulling a sale of its stake in India-based Max Healthcare.
The Federal Energy Regulatory Commission on Monday rejected Secretary of Energy Rick Perry's controversial proposal to pay coal-fired and nuclear plants for providing grid resiliency and reliability services as legally unsound and instead directed regional grid operators to study the issue before taking any further action.
A physician from Hong Kong on Monday denied bribing African officials to help a large Chinese company drum up oil rights, and gain access to a possible bank-sector merger, at a Manhattan hearing where his recent bail request went unaddressed.
The U.S. Supreme Court denied an attempt by distributors of pre-filled propane tanks to shoot down antitrust price-fixing claims against them Monday, leaving intact an Eighth Circuit decision that revived direct purchasers’ claims against the companies.
A Utah federal judge decided Friday to halt Utah’s suit over the 2015 Gold King Mine spill while the Judicial Panel on Multidistrict Litigation decides whether to transfer the case to multidistrict litigation, saying the delay will conserve resources.
The Indian government has rejected the Trump administration’s bid to begin imposing retaliatory tariffs in a long-running World Trade Organization scrap over solar energy rules, saying that the United States has “no legal basis” to punish India, according to WTO documents published Monday.
Shareholders of Breitburn Energy Partners LP told a New York bankruptcy court on Thursday that the company’s plan to sell its assets to a group of secured and unsecured creditors should not be approved because it undervalues the debtors’ assets by about $2 billion, to the detriment of equity holders.
The Minnesota Department of Natural Resources on Friday issued a draft permit to mine for PolyMet Mining Corp.’s proposed open-pit copper and nickel operation for the northeastern part of the state, providing an initial victory for a project that must still receive several state and federal approvals.
Federal and state court judges made several important environmental law rulings in 2017 that managed to avoid the spotlight, from a Ninth Circuit finding that climate change data was misused in a government analysis of how increased fishing could impact loggerhead turtles to a California Supreme Court ruling on groundwater extraction fees.
Brazilian oil giant Petrobras went for the record books when it said it would pay nearly $3 billion to settle a shareholder class action over its corruption scandal, and that stunning sum combined with a key legal ruling in the case will add gas to the booming market for securities class actions, lawyers say.
A California federal judge on Friday dumped a $5 billion suit against Tokyo Electric Power Co. and General Electric Co. over alleged radiation risks to U.S. Navy members responding to the 2011 Fukushima nuclear disaster, saying her court lacked jurisdiction over the sailors' claims.
A Texas federal judge on Thursday ruled that the owner of an offshore gas drilling platform is required to indemnify drilling contractor Hercules Offshore Inc. for claims brought by two other contractors alleging it was responsible for a fire on the platform.
A Statoil unit on Thursday dropped out of a Texas federal lawsuit over a failed Chevron oil rig after several of the companies that designed it were able to shrug off some claims last summer, a move that comes as the insurance companies that underwrote the project took a first step toward appealing that decision.
More than 600 Marcellus Shale landowners asked a Pennsylvania federal court Thursday to reconsider its refusal to permit "class" arbitration in their gas royalties fight with Chesapeake Energy Corp. and others, arguing they want their individual claims arbitrated together, not as a class.
The last weeks have seen Citibank file a Financial List case against a pair of hedge funds, Axa sue Genworth Financial, and a local government in Kent take Santander to court over its financial backing. Here, Law360 looks at those and other new claims in the U.K.
Environmental groups have challenged the U.S. Bureau of Land Management’s plans to open up thousands of acres of land in the Greater Chaco area of New Mexico to hydraulic fracturing, saying the agency must hold off until a proper environmental analysis has taken place.
A clean energy developer on Thursday urged the Federal Energy Regulatory Commission to force Midcontinent Independent System Operator to fast-track a new grid hookup policy so wind projects can reap the federal production tax credit before it expires, saying the regional grid operator's foot-dragging could cost them billions of dollars.
Utah urged a Utah federal judge on Thursday to halt its suit over the Gold King Mine spill pending a U.S. Judicial Panel on Multidistrict Litigation decision on transferring the case to an MDL and while the state talks settlement with the federal government.
U.S. banking giant JPMorgan Chase Bank NA is being sued in London for a total $875 million by the Nigerian government over disputed money transfers in 2011 and 2013 related to an illegal oil deal, according to court documents seen by Law360 on Friday.
The Fifth Circuit is among the busiest federal circuit courts in the country. What can you do to increase your chances of reaching oral argument? And if given the opportunity, how can you present a persuasive argument? Former Fifth Circuit clerk Justin Woodard, an associate at Jones Walker LLP, shares some advice.
Catching a witness flat-footed on an important topic is no longer confined to cable news, and corporate legal defenses can likewise die when witnesses profess ignorance on things that jurors believe they should know. However, employing some common sense tools can minimize potential harm, says Matthew Keenan of Shook Hardy Bacon LLP.
Based on the questions asked during the argument on Monday in Oil States v. Greene’s, a divided U.S. Supreme Court appears likely to affirm the Federal Circuit’s decision finding that inter partes reviews conducted by the U.S. Patent and Trademark Office’s Patent Trial and Appeal Board pass constitutional muster, says James Heintz of DLA Piper.
Having just completed a six-year term as chair of the U.S. Sentencing Commission, I read Yale Law School professor James Forman's new book, "Locking Up Our Own: Crime and Punishment in Black America," with particular interest, says Judge Patti Saris, chief judge for the U.S. District Court for the District of Massachusetts.
With the stated intention of promoting transparency and public participation in the process of resolving lawsuits brought against the U.S. Environmental Protection Agency, Administrator Scott Pruitt recently issued a directive to end the “sue and settle” practices within the agency. But whether the directive will provide relief for the EPA from the policy is debatable, says Maureen Mitchell of Fox Rothschild LLP.
On the heels of the new Insurance Data Security Model Law recently adopted by the National Association of Insurance Commissioners, members of Mayer Brown explain the new law, its substantive requirements, and the takeaways for the insurance industry.
Statoil ASA will pay $4 million to resolve claims that the company attempted to manipulate propane prices, but the intent evidence that the U.S. Commodity Futures Trading Commission relied upon is not very persuasive, say attorneys with Willkie Farr & Gallagher LLP.
In Oil States v. Greene’s — set for oral argument on Monday — more than 50 amicus briefs have been filed with the U.S. Supreme Court, representing a substantial share of the U.S. GDP. The issues presented are weighty, including concerns regarding separation of powers and the limits of the administrative state, the impact of inter partes reviews on the patent system, and the application of originalism to 18th century patent practice... (continued)
Incorporating blockchain technology into the energy marketplace poses considerable challenges. Blockchain developers must proceed in the face of regulatory uncertainty, while regulators must address reliability, stability and security concerns. But in the end, it is likely that the opportunities will outweigh the obstacles, says Caroline Stewart of Vinson & Elkins LLP.
Last week’s annual meeting of the 23rd Conference of the Parties addressed, among other issues, implementation of the Paris climate change agreement. The U.S. has already submitted a notification of its intention to withdraw from the agreement, but because it has been submitted early, it is unclear whether it will satisfy the withdrawal requirements, says Silvia Maciunas of The Centre for International Governance Innovation.