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Project Finance

  • January 18, 2019

    Oro Negro Ch. 15 Parties Agree To Mediate Rig Fight

    In an effort to streamline dual bankruptcy proceedings for Mexican oil rig company Perforadora Oro Negro in its home country and the U.S., a domestic mediator will join negotiations between the company and its creditors in a jack-up rig seizure dispute, a U.S. bankruptcy judge said.

  • January 18, 2019

    Wis. Tribe Appeals To 7th Circ. Over Mich. Mine Ruling

    The Menominee Indian Tribe of Wisconsin has filed a Seventh Circuit appeal of a lower court ruling that dismissed its suit over a Michigan state permit for a proposed zinc and gold mine, saying the federal government has abandoned its obligation to exercise jurisdiction over the Clean Water Act.

  • January 18, 2019

    Crunch Time For Wind Developers As Tax Credit Lapse Looms

    Time is growing tight for wind developers to grab the remaining slice of the federal renewable energy production tax credit before it phases out at year’s end and to complete existing projects in time to reap the full benefit of the credit, experts say.

  • January 18, 2019

    Judge Hits Pause Button On Atlantic Seismic Testing Permits

    A South Carolina federal judge on Friday barred the federal government from issuing permits that allow oil and gas companies to injure or otherwise disrupt whales and other marine mammals during seismic testing off the Atlantic coast until Congress restores funding to federal agencies.

  • January 18, 2019

    Gibson Dunn Snags Jones Day Energy Transactions Attorney

    Gibson Dunn & Crutcher LLP has added a former Jones Day attorney with experience in renewable, fossil fuel and other energy-related transactions as a partner in the firm's Denver office.

  • January 17, 2019

    Court Fight Over Puerto Rico Sales Tax Deal Wraps Up

    The fate of a closely-watched deal designed to restructure nearly $18 billion in debt carried by the Puerto Rico Sales Tax Corp., or COFINA, hangs in the balance as a two-day hearing on the matter came to a close Thursday with opponents complaining it amounts to an unjust taking.

  • January 17, 2019

    Contractor Seeks $10M After Pa. Pipeline Project Goes Awry

    A Houston-based Williams Partners LP pipeline unit delayed the reconstruction of a Pennsylvania natural gas facility that exploded two years ago, then improperly fired the company hired to do the job, the contractor claimed in a federal lawsuit seeking more than $10 million.

  • January 17, 2019

    Pa. PUC Won't Revive Bid To Shut Down Sunoco Gas Pipelines

    The Pennsylvania Public Utility Commission on Thursday agreed that a group of Philadelphia-area residents had failed to show that safety concerns warranted an emergency shutdown of Sunoco LP's controversial Mariner East natural gas pipelines.

  • January 17, 2019

    Industry, Utah Urge DC Circ. To Uphold EPA Permit Order

    PacifiCorp, Utah and an industry group on Wednesday told the D.C. Circuit that environmentalists can't sustain claims that a U.S. Environmental Protection Agency order instituted a nationally applicable change to the way certain Clean Air Act permits are issued without proper public notice and comment.

  • January 17, 2019

    House Dem Floats Bill To Undo Land Swap For Mining Project

    The chairman of the House Natural Resources Committee reintroduced legislation Thursday that would undo a land swap authorized by Congress, which gave a mining company owned by Rio Tinto PLC and BHP Billiton access to Arizona land sacred to Native Americans for the construction of a copper mine.

  • January 17, 2019

    FERC Opens Pipeline Rate Probes Amid Tax Changes

    The Federal Energy Regulatory Commission on Wednesday launched rate investigations into three natural gas pipeline and storage companies amid concerns they're now overrecovering their costs of service from customers thanks to federal tax cuts and FERC's removal of a tax perk for pipeline master limited partnerships.

  • January 17, 2019

    Simpson Thacher Steers $5B Macquarie Infrastructure Fund

    Macquarie Group LLC’s infrastructure investment unit said Thursday that investors poured $5 billion into a new fund, guided by Simpson Thacher & Bartlett LLP, in Macquarie's latest effort to expand its presence in the North American infrastructure sector.

  • January 16, 2019

    Puerto Rico Creditors Press For Sales Tax Plan Approval

    Major stakeholders engulfed in Puerto Rico's bankruptcy-like proceedings urged a federal judge on Wednesday to approve a watershed settlement designed to restructure nearly $18 billion in debt carried by the Puerto Rico Sales Tax Corp., or COFINA, saying it is the best way to avert years of protracted litigation.

  • January 16, 2019

    Enviros Lose Fight Over BLM's Nevada Oil & Gas Lease Sale

    A Nevada federal judge rejected claims brought by the Center for Biological Diversity and Sierra Club that the U.S. Bureau of Land Management did not conduct a thorough environmental review before offering oil and gas leases on nearly 200,000 acres of land.

  • January 16, 2019

    PG&E's Ch. 11 Is Climate Change Wake-Up Call For Utilities

    Pacific Gas & Electric Co.'s plan to seek bankruptcy protection to address crippling liabilities for California wildfires should ring alarm bells for utilities, regulators and lawmakers in other states and force them to examine whether the current utility business model can accommodate climate change-related risks to energy infrastructure, policy experts say.

  • January 16, 2019

    Becker & Poliakoff Launches Opportunity Zone Practice

    Becker & Poliakoff PA has launched a multidisciplinary opportunity zone practice to help clients navigate investing in the new low-income zones established by the 2017 tax reform law, the firm announced.

  • January 16, 2019

    Pa. Appeals Court Weighs Meaning Of 'On' In Gas Leases

    Attorneys disputed the meaning of the word “on” in oil and gas law Wednesday as a landowner argued to the Pennsylvania Superior Court that he was entitled to extra payments from his gas lease with an Exxon Mobil Corp. subsidiary because underground hydraulic fracturing was occurring “on” his property.

  • January 16, 2019

    Calif. County Sues PG&E Over Deadly Nov. Wildfire

    Butte County in Northern California has sued Pacific Gas & Electric Co. in state court over the deadly wildfire that ravaged the county and killed 86 people last year, alleging the utility disregarded safety to increase its own profits.

  • January 15, 2019

    €128M Award Against Spain Can Be Enforced, Court Hears

    London-based asset manager Eiser Infrastructure Ltd. argued Monday that a D.C. federal court has no authority to independently determine whether Spain consented to arbitrate a dispute over renewable energy subsidies, and, as such, can enforce a €128 million ($146 million) arbitral award against the country.

  • January 15, 2019

    4th Circ. Backs Va. Water Permit For $5B Pipeline

    A Fourth Circuit panel has rejected a petition by a coalition of environmental groups that challenged Virginia’s decision to issue a Clean Water Act certification for the $5 billion Atlantic Coast gas pipeline, saying the state did not act arbitrarily and ignore the project’s risks.

Expert Analysis

  • Diversity's Next Step: Developing Minority Partners

    Chris King.jpg

    The lack of minority partners comes at a high cost to firms, say attorneys at Lightfoot Franklin & White LLC, as they suggest several practical ways to tackle this problem.

  • TSA Pipeline Cybersecurity Road Map: Key Points

    Norma Krayem

    Pipelines are a crucial aspect of the nation's economic and national security. But no one agency has officially been in charge of pipeline cybersecurity — until last month, when the U.S. Transportation Security Administration's cybersecurity road map made clear that the TSA will take the lead role in this area, says Norma Krayem of Holland & Knight LLP.

  • Arbitrators And Mediators Should Reflect Society's Diversity

    James Jenkins

    Alternative dispute resolution providers have made great strides toward diversity, but recent statistics show there is still work to be done. There are certain steps ADR providers can take to actively recruit more women and minority candidates to serve as arbitrators and mediators, says James Jenkins of the American Arbitration Association.

  • Why AFAs Are Key To The Future Of Legal Practice

    Kelly Eisenlohr-Moul

    Alternative fee agreements can help align law firm and client interests, increase efficiency and eliminate corporate extortion, among other benefits. They are the best thing to happen to the practice of law in decades, says Kelly Eisenlohr-Moul at Dinsmore & Shohl LLP.

  • New US Development Entity Will Spur Investment In Africa

    Thomas Trimble

    The global emerging-markets private equity community is abuzz with the prospect of a new U.S. development funding institution coming on the scene this year that is expected to increase competition among existing funding institutions and spur first-time investment, especially in Africa, say Thomas Trimble and John Bryant of Winston & Strawn LLP.

  • What To Expect In Environmental Law In 2019

    Forrest Smith

    From a business perspective, the environmental law developments that are likely to have the most immediate domestic consequences in the coming year are air- and water-related litigation and regulations, say attorneys with Reed Smith LLP.

  • Series

    Judging A Book: Barron Reviews 'The Clamor Of Lawyers'

    Judge David Barron

    Can lawyers lead a revolution? According to "The Clamor of Lawyers: The American Revolution and Crisis in the Legal Profession" — a slim but elegant volume by Peter Charles Hoffer and Williamjames Hull Hoffer — they can and they did, says First Circuit Judge David Barron.

  • Constitutional Challenges To Pipeline Takings Face Obstacles

    Clay Massey

    In a petition to the U.S. Supreme Court, the plaintiffs in Berkley v. Mountain Valley Pipeline claim the Natural Gas Act does not preclude district court review of constitutional objections to the law. However, their arguments are at odds with Supreme Court precedent, says Clay Massey of Alston & Bird LLP.

  • Opinion

    The Case For Lawyer-Directed Litigation Funding In NY: Part 2

    Peter Jarvis

    Lawyer-directed nonrecourse litigation funding is more likely to protect a lawyer's exercise of independent professional judgment than traditional means of litigation finance, and furthermore enables worthwhile cases that otherwise could not be funded, say Peter Jarvis and Trisha Thompson of Holland & Knight LLP.

  • Opinion

    The Case For Lawyer-Directed Litigation Funding In NY: Part 1

    Peter Jarvis

    Contrary to what the New York City Bar Association concluded in an ethics opinion last year, lawyer-directed nonrecourse commercial litigation funding does not violate New York rules on sharing fees with nonlawyers, say Peter Jarvis and Trisha Thompson of Holland & Knight LLP.