Project Finance

  • December 15, 2017

    DOT Awards $5M To Bolster Tribal Transit Options

    The U.S. Department of Transportation on Thursday said that it has awarded $5 million to help Native American and Alaskan Native governments launch and improve transit offerings on tribal lands, providing financing for three dozen projects in 19 states.

  • December 15, 2017

    Texas Justices Keep Noble On The Hook For $63M Indemnity

    The Texas Supreme Court on Friday declined to revisit its decision that Noble Energy Inc. has to indemnify ConocoPhillips in connection with $63 million in environmental cleanup costs despite arguments that Noble’s predecessor wasn’t properly told about the indemnity agreement.

  • December 15, 2017

    The Biggest Environmental Rulings Of 2017

    Courts answered several important environmental law questions in 2017, including how the U.S. Environmental Protection Agency may regulate recycling and hydrofluorocarbons, and how the effects of greenhouse gases must be factored into project analyses. Here are the biggest rulings in environmental cases from 2017.

  • December 15, 2017

    EPA Stalling On Good Neighbor Enforcement, Delaware Says

    Delaware on Thursday said that the U.S. Environmental Protection Agency's bid to nix a suit claiming it failed to act on petitions seeking to force it to curb pollution seeping across Delaware's border from power plants in neighboring states is merely another unlawful delay tactic.

  • December 15, 2017

    MVP: Shearman & Sterling's Anna Chung

    Shearman & Sterling LLP’s Anna Chung has advised clients around the world in numerous high-profile projects, including a $3.4 billion coal-fired power project in Dubai, landing her a spot among Law360's 2017 Project Finance MVPs.

  • December 15, 2017

    CNX To Pay $305M For 50% Stake In Marcellus Shale Player

    Pittsburgh-based CNX Resources Corp., which until recently was the gas division of Consol Energy Inc., will pay $305 million in cash to acquire Noble Energy's 50 percent stake in Marcellus Shale player Cone Gathering LLC, the companies announced Friday.

  • December 14, 2017

    Cobalt Hits Ch. 11, Seeks To Stall Securities Litigation

    Mired in $2.8 billion of funded debt and reeling from depressed oil and gas prices and ongoing shareholder litigation, exploration and production company Cobalt International Energy Inc. filed for Chapter 11 bankruptcy in Texas on Thursday with the expressed hope of driving a value-maximizing sale of its assets.

  • December 14, 2017

    NY, NJ Pledge $5.55B Toward 'Urgent' Commuter Tunnel Rehab

    New York and New Jersey have pledged $5.55 billion for the construction of two new commuter rail tunnels under the Hudson River, an infrastructure project New York Gov. Andrew M. Cuomo and New Jersey Gov. Chris Christie said Thursday is “urgent” and critical to public safety and the economy.

  • December 14, 2017

    Trump's 2018 Deregulatory Push Targets CPP, Fracking Rule

    Final coffin nails for the U.S. Environmental Protection Agency's Clean Power Plan and the Bureau of Land Management's hydraulic fracturing rule are just two of the energy-related deregulatory actions the Trump administration is planning to take in 2018, the White House said on Thursday.

  • December 14, 2017

    Observation Wheel Builder Reaches Deal On Interim DIP Cash

    The company contracted to design and build a large observation wheel in Staten Island, New York, reached a deal with the wheel’s owners Thursday in Delaware to allow the bankrupt design company interim access to post-petition financing to be used to pay storage costs for large amounts of components for the wheel.

  • December 14, 2017

    Senate Confirms Trump's EPA GC, Water Chief Picks

    The U.S. Senate on Thursday confirmed Matthew Leopold of Carlton Fields as the U.S. Environmental Protection Agency's general counsel, and Wisconsin Assistant Attorney General David Ross as the EPA's water office chief.

  • December 14, 2017

    MVP: Shearman & Sterling's Alfred Ng

    From Shearman & Sterling LLP's office in Singapore, counsel Alfred Ng of the firm's project development and finance practice group has found innovative ways to guide clients through a variety of major projects in Southeast Asia, South Asia and Hong Kong, landing him a selection as one of Law360’s 2017 Project Finance MVPs.

  • December 14, 2017

    Enviro Group Wants Trump Admin.'s Monuments Docs

    The Conservation Lands Foundation Inc. expanded the fight over President Donald Trump's decision to shrink national monuments in Utah with a Freedom of Information Act lawsuit in D.C. federal court Wednesday, seeking documents to shed light on the move beyond the “sweeping generalizations” already made.

  • December 14, 2017

    Trump's EPA Chemical Safety Office Pick Drops Out

    President Donald Trump's controversial pick to lead the U.S. Environmental Protection Agency's chemical safety office has reportedly given up on seeking the post, just weeks after two Republican senators said they couldn't support his nomination and a third expressed doubts as well.

  • December 14, 2017

    Bearded Seal 'Threatened' Listing Improper, Justices Hear

    Oil and gas groups, the state of Alaska and an Alaska Native regional corporation urged the U.S. Supreme Court on Wednesday to reject the federal government’s plea to uphold the National Marine Fisheries Service’s decision to list the Pacific bearded seal as a threatened species.

  • December 14, 2017

    FERC Won't Reconsider Atlantic Bridge Pipeline Project OK

    The Federal Energy Regulatory Commission on Wednesday stood by its approval of the Atlantic Bridge natural gas pipeline project in New York and New England, rejecting arguments from environmentalists and local municipalities saying that its environmental review was flawed.

  • December 13, 2017

    Al Dotson Elected Managing Partner of Bilzin Sumberg

    In its nearly 20-year history, Miami firm Bilzin Sumberg Baena Price & Axelrod LLP has had just one managing partner, but that changed Wednesday as the firm's partners voted to elevate government relations and public-private partnerships pro Al Dotson to the position.

  • December 13, 2017

    Smaller Carriers Chafe At FCC Coverage Data Requirement

    A trade group representing smaller wireless carriers asked the Federal Communications Commission on Tuesday to revise its “simply incorrect” projection that data collection to determine eligibility for Mobility Fund subsidization of rural telecom infrastructure would not burden carriers.

  • December 13, 2017

    House Republicans Cheer FCC Plan To Kill Net Neutrality

    House Republicans on Wednesday backed the Federal Communications Commission's proposal to strike down net neutrality rules issued under the Obama administration that prevent internet service providers from throttling content delivery speeds for individual sources, saying the rules subject ISPs to outdated regulations written for the landline telephone era.

  • December 13, 2017

    New York Wheel Design Firm Files Ch. 11 Amid Contract Fight

    The design team company associated with the unfinished New York Wheel attraction slated to be built on Staten Island filed for Chapter 11 protection Wednesday in Delaware as it remains locked in litigation with the wheel’s owner and the city over what the debtor says were breaches of the project contract.

Expert Analysis

  • Alternative Fees: My Experience At Bartlit Beck

    J.B. Heaton

    Bartlit Beck was a wonderful place to work for 18 years, and the lawyers there are not only excellent attorneys but also great people. That said, and stating my biases upfront, it is possible for me to look analytically at the Bartlit Beck fee model and make some observations on the pros and cons of one version of alternative fees, says J.B. Heaton, founder of investment analytics company Conjecture LLC.

  • Opinion

    Jurors Should Have An Active Voice In Trials

    Judge Amos Mazzant III

    We tell jurors how important they are to the successful implementation of our judicial system, but oftentimes we don’t treat them with the reverence they deserve. U.S. District Judge Amos Mazzant III of the Eastern District of Texas, Lisa Blue of Baron and Blue, and Robert Hirschhorn of Cathy E. Bennett & Associates advocate three jury system improvements that will give jurors an active voice and role in our civil and criminal jury trials.

  • Series

    40 Years Of FCPA: An Update From The DOJ

    Daniel Kahn

    U.S. Department of Justice prosecutors and law enforcement partners have secured more foreign bribery-related trial convictions and guilty pleas this year than in any other year in the history of the Foreign Corrupt Practices Act, in fact by almost twice as much. These are all significant cases with significant impacts, says Daniel Kahn, chief of the DOJ's FCPA Unit.

  • Why Information Governance Is More Important Than Ever

    Linda Sharp

    It used to be that hiring a good law firm was the single most important thing a company could do when facing litigation. You could now make the case that an organization’s most powerful asset in prosecuting or defending a claim is its information, says Linda Sharp, associate general counsel of ZL Technologies and chair of the ACC Information Governance Committee.

  • Litigation Trend Links Climate Change And Human Rights

    Viren Mascarenhas

    One key takeaway from the Bonn Climate Talks — which recently brought together negotiators from close to 200 countries to discuss implementation of the Paris agreement — is that energy companies must seriously consider potential lawsuits linking their business operations with human rights violations and climate change, say Viren Mascarenhas and Kayla Winarsky Green of King & Spalding LLP.

  • Opinion

    BigLaw Is Behind The Automation Curve

    Michael Moradzadeh

    In its new report on the effects of automation in the workplace, McKinsey Global Institute identifies lawyers as less susceptible to the sort of automation that could put one-third of American workers out of a career by 2030. This may seem reassuring, but it doesn't mean automation won't disrupt our bottom line, says Michael Moradzadeh of Rimon PC.

  • Series

    40 Years Of FCPA: Compliance, Past And Future

    Hui Chen

    More than any other statute, the Foreign Corrupt Practices Act has fueled the growth of the compliance industry. While the expansion of corporate compliance is a positive development, the fear-driven and FCPA-centric approach has also produced unfortunate consequences, says ethics consultant Hui Chen, who served as the U.S. Department of Justice's first-ever compliance counsel.

  • Series

    40 Years Of FCPA: Cross-Border Efforts And Growing Risk

    Patrick Stokes

    The U.S. agencies’ increasing coordination with their foreign partners has led to more potent Foreign Corrupt Practices Act investigations — in terms of both their scope and settlement cost, say Patrick Stokes, former chief of the FCPA Unit at the U.S. Department of Justice, and Zachariah Lloyd of Gibson Dunn & Crutcher LLP.

  • Series

    Judging A Book: Cooke Reviews 'Constance Baker Motley'

    Judge Marcia Cooke

    Gary Ford's new book, "Constance Baker Motley: One Woman’s Fight for Civil Rights and Equal Justice Under Law," is more than a biography of the first African-American woman to become a federal judge. It presents in vivid detail how her work altered the legal landscape of the United States, says U.S. District Judge Marcia Cooke of the Southern District of Florida.

  • Keeping Your Law Library Relevant In The Age Of Google

    Donna Terjesen

    Google’s status as a go-to research tool has transformed legal research habits, leading critics to view law libraries as cost centers. Law firms should embrace Google-style research tools and manage costs efficiently in order to position their libraries as valuable assets for years to come, says Donna Terjesen of HBR Consulting.