Project Finance

  • July 25, 2017

    Iron Workers To Spearhead Anadarko Securities Fraud Class

    A Texas federal judge Monday named the Iron Workers Benefit and Pension Fund as lead plaintiff for a putative class of investors who say Anadarko Petroleum Corp. violated federal securities laws by failing to disclose risks associated with its gas wells before a deadly explosion.

  • July 25, 2017

    Judge Guts $56.5M Detroit Pistons Arena Funding Fight

    A Michigan federal judge on Monday trimmed the bulk of a suit brought by residents looking to block $56.5 million in tax dollars from funding the NBA's Detroit Pistons' relocation to a new arena, finding that a majority of the residents' state law and federal constitutional law claims fall short.

  • July 25, 2017

    Gov. Brown Signs Extension Of Calif. Cap-And-Trade To 2030

    California Gov. Jerry Brown on Tuesday signed into law a 10-year extension of California's landmark cap-and-trade program, the centerpiece of the state's push to decrease greenhouse gas emissions by 40 percent from 1990 levels.

  • July 24, 2017

    TerraForm Brass Reach $20M Settlement Of Solar Deal Suit

    Directors of TerraForm Global Inc., one of the yieldcos affiliated with bankrupt SunEdison Inc., unveiled Friday the deal settling, for $20 million, Delaware Chancery Court derivative claims connected to an Indian solar project deal, but the resolution requires a ruling from the New York bankruptcy court allowing insurance funding.

  • July 24, 2017

    Chevron Pays $1M Fine, $20M In Upgrades Over Refinery Fire

    Chevron Corp. agreed to pay a $1 million fine and to make about $20 million worth of safety improvements at a Richmond, California, refinery, settling a long-running dispute with Golden State safety regulators over penalties levied following a 2012 fire, regulators said Monday.

  • July 24, 2017

    No Redo For NM Utility In Navajo Right-Of-Way Suit: 10th Circ.

    The Tenth Circuit on Friday rejected a request by a New Mexico utility to rethink its ruling that the company cannot secure a path for a transmission line through property partly owned by the Navajo Nation, despite the utility’s contention that the ruling will make it harder for state and local governments to carry out infrastructure projects.

  • July 24, 2017

    Orange County Scores Win In FAA Suit Over Airport Lease

    The Federal Aviation Administration on Friday axed a complaint alleging Orange County, California, is “banking land” and refusing to negotiate reasonable lease terms for longtime fixed-base operators that provide aircraft fueling and maintenance services at John Wayne Airport in Santa Ana.

  • July 24, 2017

    Alaska Seeks High Court Review Of 'Threatened' Seal Listing

    The state of Alaska, along with local and Native communities and business groups, on Friday urged the U.S. Supreme Court to overturn the Ninth Circuit's ruling that climate change projections could be used to list an Arctic seal population as a threatened species under the Endangered Species Act.

  • July 24, 2017

    W.Va. Halts Work On $4B ETP Pipeline Amid Enviro Violations

    West Virginia environmental regulators have given Energy Transfer Partners LP's Rover pipeline project another regulatory black eye, blocking work on portions of the $4.2 billion project because of several environmental and permitting violations, according to a Federal Energy Regulatory Commission notice published Monday.

  • July 24, 2017

    ND Oil Group Blasts Bid To Shut Down Dakota Access Pipeline

    The North Dakota Petroleum Council is getting behind efforts to maintain approval of the Dakota Access crude oil pipeline while the U.S. Army Corps of Engineers redoes part of an environmental review, telling a Washington, D.C., federal judge last week the pipeline is too important to the state’s economy to shut down even temporarily.

  • July 24, 2017

    ND Can't Fight EPA Drilling Waste Suit Deal, DC Circ. Told

    The U.S. Environmental Protection Agency on Friday asked the D.C. Circuit to affirm a lower court’s decision that kept North Dakota from intervening in a case between environmental groups and the agency that established a schedule for it to review its oil and gas drilling waste disposal rules.

  • July 24, 2017

    BLM Plans Revocation Of Obama-Era Fracking Rule

    The Bureau of Land Management on Monday formally unveiled is proposal to rescind an Obama-era rule regulating hydraulic fracturing on federal and tribal lands, as states, industry and environmental groups continue to fight over the rule's legality.

  • July 21, 2017

    The Best Law Firms For Female Partners

    Although women have made some strides toward gender parity in the lower ranks of law firms, breaking into the equity tier remains elusive. These 20 firms, however, are leaders in advancing equality at the top, earning them the designation of Law360 Ceiling Smasher.

  • July 21, 2017

    The Best Law Firms For Female Attorneys

    While the legal industry continues to struggle with gender parity, this year’s Glass Ceiling Report shows that some firms are ahead of the rest. Here, Law360 reveals its third annual ranking of the best law firms for female attorneys, based on their representation of women at the nonpartner and partner levels.

  • July 21, 2017

    The 2017 Law360 Glass Ceiling Report

    U.S. law firms have long been overwhelmingly dominated by men, particularly at the partnership level, and Law360’s latest Glass Ceiling Report shows that recent progress has been — at best — only incremental.

  • July 21, 2017

    How 4 Firms Are Moving The Needle On Gender Diversity

    A handful of law firms of various sizes and types are outpacing their peers on including women in their ranks. Here’s why four of them are positioned toward the front of the pack.

  • July 21, 2017

    Could An NFL Diversity Rule Be A BigLaw Game-Changer?

    In a bid to elevate more women to positions of authority, law firms are taking a page from the National Football League's playbook.

  • July 21, 2017

    BigLaw Bias Suits New Wild Card In Fight For Gender Equity

    As gender bias suits pile up against law firms, it remains to be seen how they will impact recruiting in the industry. But some legal experts say firm leaders may want to look at the complaints as blueprints for change.

  • July 21, 2017

    Calif. Solar Project Moved In Enviros' Deal With Company

    Three environmental organizations, the California Department of Fish and Wildlife and a Consolidated Edison Development Inc. unit on Friday said a 247-megawatt solar project in central California has been abandoned over endangered species concerns in favor of a smaller facility in a different location.

  • July 21, 2017

    FERC Backs Order Utility Can Recoup Half Of $31M Outlay

    The Federal Energy Regulatory Commission on Friday defended to the D.C. Circuit its decision entitling San Diego Gas & Electric Co. to recoup only half of $31 million it spent on a transmission project if the project is abandoned for reasons outside the utility’s control.

Expert Analysis

  • Financial Covenants In Project Financing: Key Points

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    Project finance lenders typically require that borrowers agree to financial covenants in loan agreements, prescribing the parameters within which the business venture may operate. These covenants and related provisions are often highly negotiated, and reflect the ultimate confidence of the parties in the financial success of the project, say Emeka Chinwuba and Laura Pettinelli of Norton Rose Fulbright LLP.

  • 5 Questions Firms Should Ask When Evaluating Litigation AFA

    Gregory Lantier

    Law firm management should understand the client’s reasons for requesting an alternative fee arrangement, and whether approving the fee will help grow the relationship with the client, say attorneys with WilmerHale.

  • For Law Firm Offices, Business Savvy Is The New Cool

    Craig Braham

    Having embraced the notion that the right space can reinforce the right firm culture, law firm leaders have been evaluating real estate primarily for its physical properties. However, It's hard to be collegial, even in the coolest of in-house coffee bars, if your cost structure is untenable, says Craig Braham of Advocate Commercial Real Estate Advisors LLC.

  • Planning A Legal Career With A Future Relocation In Mind

    Jacqueline Bokser LeFebvre

    Lawyers move to New York City to work on some of the most sophisticated work the legal market has to offer. This exposure and experience is an amazing asset and many of the skills developed will make associates very marketable in the event they consider relocating to another market. However, this isn’t always the case, says Jacqueline Bokser LeFebvre of Major Lindsey & Africa.

  • 4 Female Perspectives On BigLaw Leadership

    Regina Pisa

    Only a handful of the largest U.S. law firms are led by women. Here, in their own words, are perspectives from Shook Hardy & Bacon Chair Madeleine McDonough, Crowell & Moring Chair Angela Styles, Morgan Lewis & Bockius Chair Jami Wintz McKeon and Goodwin Procter Chair Emeritus Regina Pisa.

  • The Elephant In The Room: Advancing Women To Partnership

    Anusia Gillespie

    Despite more focus and investment, the numbers continue to show little progress in advancing women to the top tiers of firm leadership. Considering the irreversible nature of the transformation of the market for top talent, it is time to start experimenting and innovating from the core, rather than from the periphery, say Anusia Gillespie and Scott Westfahl of Harvard Law School.

  • How Midsize Law Firms Can Minimize Cybersecurity Threats

    K. Stefan Chin

    It can be challenging for midsize law firms to develop an enterprise cybersecurity program that mitigates the eminent threat of data breach and meets the regulatory and compliance requirements of the firm and its clients. This challenge becomes daunting when considering the steady rise in client audits, say K. Stefan Chin of Peckar & Abramson PC and John Sweeney of Logicforce.

  • Federal Energy Procurement Programs Remain Attractive

    Taite McDonald

    The Trump administration's actions sometimes seem to favor fossil fuels at the expense of clean and innovative energy solutions. But federal energy procurement programs clearly continue to promote an integration of the two. The market for renewable energy at military and other government installations will likely continue to grow, say Taite McDonald and Stephen Bolotin of Holland & Knight LLP.

  • Calif. High Court Opinion Offers Little CEQA Guidance

    Arthur Coon

    The California Supreme Court's recent decision in Cleveland National Forest Foundation v. San Diego Association of Governments is not surprising, and it is undoubtedly correct. But it is disappointing that the majority’s opinion lacks significant practical or legal guidance for conducting compliant greenhouse gas analysis under the California Environmental Quality Act, says Arthur Coon of Miller Starr Regalia.

  • Turning Bust To Boom: P3 Initiatives Under PROMESA

    Richard Cooper

    Normally, investors and lenders to public-private partnerships avoid pursuing projects where the government’s ability to provide financial, operational and logistical support is subject to considerable uncertainty. But the tools provided by the Puerto Rican Oversight, Management and Economic Stability Act can help mitigate some of these risks and even facilitate future projects in Puerto Rico, say attorneys with Cleary Gottlieb Ste... (continued)