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Project Finance

  • June 26, 2018

    EPA Boosts Renewable Fuels, But Ethanol Makers Not Happy

    The U.S. Environmental Protection Agency on Tuesday said it wants to increase the volume of renewable fuels present in the U.S. gasoline supply in 2019, but ethanol producers cried foul over the number of waivers the EPA is issuing to refineries.

  • June 26, 2018

    Injured Worker's $1.7M Judgment Reinstated By Texas Court

    A split Texas appellate panel tossed a lower court decision that stripped an offshore drilling platform worker of a  $1.7 million judgment against W&T Offshore Inc., saying Tuesday the trial court was barred from determining the man was a borrowed worker as a matter of law because there were factual issues in dispute over his status as such.

  • June 26, 2018

    O'Melveny Nabs 3 Greenberg Traurig Bankruptcy Attys In NY

    O'Melveny & Myers LLP has hired three lawyers from Greenberg Traurig LLP who advised Puerto Rico’s electricity and water utilities on debt restructuring to join its bankruptcy and restructuring practice in New York, O'Melveny announced Monday.

  • June 26, 2018

    Haynes And Boone Adds Ex-Hunton Andrews Team In London

    Haynes and Boone LLP said it has expanded its London-based international dispute resolution practice with the addition of a four-lawyer team of solicitor advocates and barristers from Hunton Andrews Kurth LLP who come with broad experience in handling matters in the energy, construction and hospitality industries.

  • June 26, 2018

    DC Circ. Judges Losing Patience With EPA Over CPP Delay

    The D.C. Circuit on Tuesday agreed to give the U.S. Environmental Protection Agency 60 more days to figure out what it wants to do with the Clean Power Plan, but three judges said this could be the last extension they vote for.

  • June 26, 2018

    MTA To Hand Over Draft Enviro Review In L Train Case

    Several New York transportation agencies told a New York federal judge Monday that a draft environmental assessment covering plans to handle the shutdown of the L train and a tunnel for repairs will be released through a Freedom of Information Law request filed by a coalition suing over the plans.

  • June 26, 2018

    Judge Alsup Nixes Calif. Cities' Climate Suits Against Big Oil

    A California federal judge on Monday tossed Oakland's and San Francisco's suits seeking to hold global oil giants liable for climate change-related infrastructure damage, saying global warming should be tackled by lawmakers, not the courts.

  • June 25, 2018

    Nine West Lenders Clear Way For $50M DIP Term Loan

    The U.S. Trustee’s office and lenders to Nine West Holdings Inc. said Monday they have reached an agreement that will give the government a satisfactory understanding of the lenders’ billing and clear the way for the bankrupt women’s fashion company to access a $50 million debtor-in-possession term loan.

  • June 25, 2018

    CWA Jurisdiction Question Won’t Go To 9th Circ.

    A California federal judge on Monday rejected an oil and gas company’s request that he allow the Ninth Circuit to review his decision that certain waterways affected by a series of oil spills are under the Clean Water Act’s jurisdiction, saying the Ninth Circuit has already said they are.

  • June 25, 2018

    No Sign Ex-SUNY Prez Knew Of Lobbyist Tips, Witness Admits

    A cooperating witness in the federal corruption case against former State University of New York President Alain Kaloyeros admitted in a Manhattan courtroom Monday that Kaloyeros may not have known that a lobbyist was providing his company with an inside track on real estate and construction opportunities linked to the "Buffalo Billion" economic stimulus program.

  • June 25, 2018

    Senate Passes Energy, Water, Construction Spending Bill

    The Senate passed a bill providing tens of billions of dollars in federal spending on energy and water projects, military construction and veterans’ affairs Monday, the first funding bill for the next fiscal year to pass the chamber.

  • June 25, 2018

    Enviros Add State, US Agencies To Suit Over $2.2B NC Road

    The U.S. and North Carolina failed to adequately study the environmental effects of a $2.2 billion toll road and were too quick to dismiss alternatives, conservation groups said Monday, adding three state and federal agencies and a slew of new claims to an existing lawsuit.

  • June 25, 2018

    Tax Guidance Maintains Sunny Outlook For Solar Developers

    Solar developers got some good news last week when the Internal Revenue Service issued guidance ensuring they will enjoy the same level of federal tax credit eligibility as wind power developers, which experts say means the government will shoulder some of the elevated costs of solar projects caused by Trump administration tariffs.

  • June 25, 2018

    Deals Rumor Mill: Blackstone, AC Milan, China Renaissance

    Blackstone has raised about $5 billion toward a planned $40 billion infrastructure fund, the family that owns the Chicago Cubs is in talks to buy soccer club AC Milan, and a Chinese financial adviser is seeking to raise as much as $800 million via a Hong Kong IPO.

  • June 25, 2018

    Biggest Energy M&A Trends Of 2018: Midyear Report

    Consolidation in both the oil and gas and power sectors, from a $9.5 billion tie-up of Permian Basin drillers to a Florida-based $6.48 billion utilities purchase, has been a dominant theme so far this year, while the rebound in oil prices is finally providing a deal-making boost for the midstream sector. Here are five M&A trends that stood out to energy attorneys in the first half of 2018.

  • June 25, 2018

    DC Circ. Upholds FERC Ruling On Grid Project Costs

    The D.C. Circuit upheld the Federal Energy Regulatory Commission’s determination that allowing new, interregional transmission projects to displace regional projects already approved by the Midcontinent Independent System Operator was a policy choice within its authority, keeping in place the commission’s rejection of MISO’s cost allocation method. 

  • June 22, 2018

    Armenian Ex-Diplomat Aims To Nix Rolls-Royce Bribe Charges

    Armenia’s former ambassador to China urged an Ohio federal judge to toss a recent indictment that accused him of playing a role in helping a Rolls-Royce Group PLC subsidiary bribe foreign officials to win government contracts, arguing that U.S. statutes expressly bar extraterritorial application of money laundering laws.

  • June 22, 2018

    Taxation With Representation: Latham, Davis Polk, Stikeman

    In this week’s Taxation with Representation, Veritas-backed Verscend Technologies bought Cotiviti Holdings for $4.9 billion, Roche took over Foundation Medicine in a $2.4 billion deal, Baytex bought Raging River Exploration for $2.1 billion, and William Scotsman took over Modspace in a $1.1 billion deal.

  • June 22, 2018

    Calif. Regulators Reject $639M Natural Gas Pipeline

    The California Public Utilities Commission refused a bid by San Diego Gas & Electric Co. and Southern California Gas Co. to build a $639 million natural gas pipeline, saying that the effort was “not needed for safety or reliability.”

  • June 22, 2018

    Privately Backed Rail And Transit Projects To Watch

    Government officials and private developers are pushing ahead with mass transit modernization projects even as infrastructure investment budgets tighten and the political tug-of-war over rural versus urban transportation needs intensifies, industry observers say.

Expert Analysis

  • Opinion

    BigLaw Doesn't Have A Diversity Problem

    Marlen Whitley

    Although the lack of racial and gender diversity among the ranks of the majority of both midsized and top law firms is a major issue, it’s past time to shed light on the real problem — inclusion, or lack thereof, says Marlen Whitley of Reed Smith LLP.

  • Opinion

    Roman J. Israel, Esquire, Meet Donald J. Trump, POTUS

    Kevin Curnin

    Despite the Trump administration's desire to shut down the Legal Services Corp., thankfully the budget that Congress passed and the president signed into law last week has restored $410 million of funding to the legal aid organization. An unlikely brief for preserving LSC may be found in the quirky Denzel Washington film "Roman J. Israel, Esq.," says Kevin Curnin, immediate past president of the Association of Pro Bono Counsel.

  • Opinion

    We Need A Cybersecurity Framework For Law Firms

    Shaun Jamison

    In order to enable lawyers to best meet cybersecurity challenges, state bars should pass rules that adopt a cybersecurity framework to be developed by a national committee, says Shaun Jamison, associate dean of faculty and professor at Purdue University's Concord Law School.

  • Equity Partnership Isn’t What It Used To Be

    Jeff Liebster

    To many young attorneys, becoming an equity partner shows a firm's long-term commitment, meaning job security and a voice in important firm matters. However, the industry has changed and nowadays it may not be better to enter a new firm as an equity partner, says Jeffrey Liebster of Major Lindsey & Africa.

  • Series

    Judging A Book: Hardiman Reviews 'Without Precedent'

    Judge Thomas Hardiman

    In his new book, "Without Precedent: Chief Justice John Marshall and His Times," professor Joel Richard Paul ably explains more than a dozen of Marshall’s most significant opinions, which comes as no surprise​. ​What is a surprise — a pleasant one — is the book's readability, says Judge Thomas Hardiman of the Third Circuit.

  • Top Tax Changes For Law Firms: What Lawyers Need To Know

    Evan Morgan

    For law firms structured as corporations, a lower maximum corporate tax rate and repeal of the corporate alternative minimum tax are good news. But many law firms are pass-through entities, so deduction limitations mean they'll see less benefit from the new tax law, says Evan Morgan of CPA and advisory firm Kaufman Rossin PA.

  • How FERC Is Acting On Income Tax Allowances And The TCJA

    Linda Walsh

    The Federal Energy Regulatory Commission acted swiftly to respond to the recent United Airlines v. FERC decision regarding income tax allowances, as well as to implement changes stemming from the Tax Cuts and Jobs Act. FERC's actions are meant to ensure that ratepayers see the benefits of lower corporate tax rates, say attorneys with Husch Blackwell LLP.

  • Opinion

    Companies Should Avoid The BigLaw Bonus Structure

    Michael Moradzadeh

    Since passage of the Trump tax plan last year, companies have been touting bonuses they’ve handed down to rank-and-file employees. This highlights the trend of employers favoring bonuses over pay raises in the belief that variable, short-term rewards are less risky to the business than permanent increases in labor costs. But law firms have used this strategy for years — and there are dangers, says Michael Moradzadeh of Rimon PC.

  • Chief Innovation Officer — The New Star On Legal Teams

    Mark Williamson

    Over the past few years, forward-thinking law firms have expanded their talent pools to include a chief innovation officer, whose responsibilities include spearheading the implementation of technology. It is a smart move, says ​​​​​​​Mark Williamson, co-founder and chief technology officer at Hanzo Archives Ltd.

  • Opinion

    National Lawyers Need National Licensing For National Courts

    EJ Hurst II

    Just last month, a number of legal groups asked the Northern District of California to strike its rule requiring that, before seeking federal court admission, attorneys first be licensed by the state of California. It is irrational to exclude seasoned federal practitioners from general admission due to state bar approval while allowing raw state lawyers who have never been inside a federal courtroom, says attorney EJ Hurst.