We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Project Finance

  • September 18, 2018

    Investor Sues Energy Transfer Over Proposed $27B Merger

    An investor in Energy Transfer Partners LP filed a proposed class action in Texas federal court on Monday that aims to block a unitholder vote on the potential $27 billion acquisition of the gas and propane company by a subsidiary of its sister partnership.

  • September 18, 2018

    Former US Secretaries Back IFC Immunity In High Court Case

    Weighing in on a case brought by a group of Indian nationals over alleged environmental damage from a power plant project, a group of former U.S. secretaries of state and of the Treasury, including John Kerry, has urged the U.S. Supreme Court to continue allowing the International Finance Corp. to be immune from suits, arguing that multilateral development banks are fundamentally different from sovereign states.

  • September 17, 2018

    EPA Poised To Replace Clean Power Plan, DC Circ. Hears

    The U.S. Environmental Protection Agency on Friday urged the D.C. Circuit to reject a bid by Clean Power Plan supporters to decide the merits of the rule, saying its proposed replacement should be finalized by the first part of 2019.

  • September 17, 2018

    Counties Say $1.15B Fla. Rail Line Rife With Deadly Risks

    A pair of Florida counties on Friday urged a D.C. federal judge to scrap a $1.15 billion tax-exempt bond funding the construction of a private passenger rail line, saying federal agencies failed to account for significant public safety and environmental concerns.

  • September 17, 2018

    EPA Erred In Nixing Hardrock Mining Rule, Enviros Say

    Green groups on Friday asked the D.C. Circuit to invalidate the Trump administration's decision to kill an Obama-era rule that would have required hardrock mining facilities to prove they can pay for cleanup efforts, saying the agency improperly ignored the industry's effects on health and the environment.

  • September 17, 2018

    NY, NJ Agencies Aim To Dump Suit Over Excessive Toll Fees

    New York and New Jersey transportation agencies asked a federal judge Friday to dump a proposed class action alleging they're slapping motorists with improper fees and excessive penalties from cashless tolls, such as E-ZPass, saying the agencies are well within their authority to go after toll violators.

  • September 17, 2018

    Anadarko, Insurer Clash On Terms In $100M Deepwater Row

    Anadarko Petroleum Corp. told the Texas Supreme Court Monday that an excess insurer at Lloyd’s of London has effectively rewritten policy terms to avoid paying more than $100 million in Deepwater Horizon litigation defense costs, while the insurer says Anadarko is seeking a drastic expansion of coverage.

  • September 17, 2018

    FERC Pipeline Tax Policy Change Challenged At DC Circ.

    A pair of pipeline companies urged the D.C. Circuit on Friday to review a Federal Energy Regulatory Commission policy removing a tax perk for pipeline master limited partnerships, a companion to a rule directing gas pipeline operators to disclose the effect of recently enacted corporate tax cuts on their rates.

  • September 17, 2018

    4th Circ. Won't Stop $3.5B Pipeline Work Amid Permit Redo

    The Fourth Circuit on Monday denied a bid by a group of environmental activists to halt construction of the $3.5 billion Mountain Valley gas pipeline while the U.S. Forest Service and the Bureau of Land Management revise approvals thrown out by the appeals court.

  • September 17, 2018

    Exelon Says 7th Circ. Ruling Dooms NY Nuke Subsidy Fight

    The Seventh Circuit's recent ruling that subsidies offered by Illinois to prop up struggling nuclear power plants are lawful backs the argument that New York's similar nuclear subsidy program passes legal muster, a lawyer for Exelon Corp. told the Second Circuit on Friday.

  • September 17, 2018

    Warburg Pincus Offers $500M To Texas Oil And Gas Co.

    Midland, Texas-based oil and gas exploration and production company Tall City Exploration III LLC said on Monday that it has received a line of equity financing of up to $500 million from funds affiliated with private equity firm Warburg Pincus LLC.

  • September 14, 2018

    Supreme Court Cases Enviro Lawyers Should Watch This Fall

    The U.S. Supreme Court will consider in its latest term a diverse group of environmental law cases that address questions about whether the Clean Water Act permits the regulation of groundwater and how much power Congress intended to give the executive branch in a law that allows federal agencies to bypass environmental statutes in the name of border protection. Here, Law360 previews some of the biggest environmental law cases to watch in the new term.

  • September 14, 2018

    Trump Admin. Asks CIT To Nix Challenge To Steel Tariffs

    The federal government on Friday brushed aside notions that the Cold War-era national security law the Trump administration used to levy steel tariffs is unconstitutional, telling the U.S. Court of International Trade that Congress has left foreign affairs to the president and as commander-in-chief his authority under the law is "at a maximum." 

  • September 14, 2018

    Tribe Says Enbridge Pipeline Plan Would Skirt Enviro Review

    The Bay Mills Indian Community urged the federal government on Thursday to cancel a proposal to allow Enbridge Energy LP to perform construction work on an oil pipeline in the Great Lakes, saying the government's approval of the plan would help the company avoid a required environmental review.

  • September 14, 2018

    Balkan Energy Tells DC Circ. Ghana Can't Escape $13M Award

    British energy firm Balkan Energy and its Ghanaian subsidiary urged the D.C. Circuit on Friday to affirm the confirmation of a nearly $13.7 million arbitral award it won from Ghana following a dispute over a soured power purchase agreement, saying an argument that the dispute belongs in Ghana has no merit.

  • September 14, 2018

    9 BigLaw Firms Pledge $15M For Pro Bono Enviro Efforts

    Nine BigLaw firms will provide a combined $15 million in pro bono legal services to advance efforts to fight global climate change and bolster sustainability, California officials said Friday, the final day of a global climate summit in San Francisco.

  • September 13, 2018

    Puerto Rico Creditors Blast GDB Deal As It Clears Hurdle

    Puerto Rico’s creditors and its financial oversight board clashed Thursday over the proposed $4.1 billion restructuring of the island’s Government Development Bank, with creditors deriding it as a “home-baked bankruptcy” that would shield corrupt bankers from scrutiny even as the bank’s own creditors overwhelmingly approved the deal.

  • September 13, 2018

    House Passes $147B VA, Energy Bill For 2019

    The U.S. House of Representatives on Thursday easily approved a $146.5 billion package of bills to fund military construction and the U.S. departments of Veterans Affairs and Energy for 2019, sending the bill to be signed into law, as lawmakers also reached a deal to stave off a government shutdown.

  • September 13, 2018

    DOI Asks 10th Circ. To Toss Methane Rule Appeal As Moot

    The U.S. Department of the Interior on Wednesday told the Tenth Circuit it should let stand a ruling that delays implementation of parts of a rule restricting methane emissions from natural gas wells on public and tribal lands, explaining that a replacement rule will be issued soon.

  • September 13, 2018

    Fla. Judge Trims Enviros' Nuclear Pollution Suit Against FPL

    A Florida federal judge on Wednesday cut environmental groups' allegations of ammonia pollution from a suit against Florida Power & Light Co. over water pollution from its Turkey Point nuclear plant near Miami, but allowed claims of violations of groundwater and surface water standards to proceed.

Expert Analysis

  • New Stats On Millennial Attorney Disciplinary Actions

    Jean Edwards

    In this analysis of disciplinary action trends in the legal industry, Edwards Neils LLC managing member Jean Edwards examines data provided by bar organizations for 17 states and the District of Columbia.

  • Limiting Law Firms' Professional Liability Risks: Part 2

    Stuart Pattison

    With law firms increasingly exposed to professional liability risks associated with their corporate client relationships, firms must craft well-structured client engagement letters to help protect against malpractice claims. Two key elements of an engagement letter are how it defines the scope of engagement and how it handles conflicts of interest, say Stuart Pattison and John Muller of Sompo International Holdings Ltd.

  • Series

    From Lawmaker To Lawyer: Prioritizing Is Always Key

    Joe Lieberman

    Today, members of Congress often seem able to blame colleagues of the other party for not getting anything done for their constituents. In law practice, you can’t really blame a bad result for your clients on the lawyers on the other side, says former Sen. Joe Lieberman, D-Conn., of Kasowitz Benson Torres LLP.

  • Limiting Law Firms' Professional Liability Risks: Part 1

    Stuart Pattison

    Corporate law departments are increasingly demanding more concessions from outside legal counsel, and presenting engagement letters that open the door to greater professional and cyber liability exposure for law firms — often beyond the scope of their insurance coverage. Firms must add their own language to engagement letters to limit liability, say Stuart Pattison and John Muller of Sompo International Holdings Ltd.

  • Series

    From Lawmaker To Lawyer: How Congress Affected My Career

    Yvonne B. Burke

    Being a former member of Congress put me in an advantageous position when I approached law firms in the late '70s, at a time when there were few female lawyers, and even fewer African-American lawyers, in major law firms, says former Rep. Yvonne B. Burke, D-Calif., a director of Amtrak.

  • Are OCC's Reserve-Based Lending Guidelines Enforceable?

    Buddy Clark

    Following the Government Accountability Office's determination that the Interagency Guidance on Leveraged Lending did not comply with the Congressional Review Act, it would appear that the binding nature of the Office of the Comptroller of the Currency's handbook for oil and gas reserve-based loans should be similarly questioned, says Buddy Clark of Haynes and Boone LLP.

  • Tax-Friendly Docs Can Lower Renewable Energy Project Costs

    David Burton

    Many developers of renewable energy projects have experienced higher than expected transaction costs. One all-too-common reason is project documents that cause tax tensions, says David Burton of Mayer Brown LLP.

  • EPA Rule Changes Signal Divergence Of Federal, State Regs

    Benjamin Patton

    Last month, the U.S. Environmental Protection Agency published a proposed rule rolling back Obama-era requirements for facilities handling hazardous substances. Some western states, meanwhile, have strengthened their own regulations in this area. Companies now contend with accident prevention and process safety regulations that are inconsistent, say Benjamin Patton and Mary Balaster of Reed Smith LLP.

  • Series

    From Lawmaker To Lawyer: DC Isn't As Bad As You Think

    Norm Coleman

    Popular culture paints the Hill as a place teeming with intrigue, corruption and malicious intent. But in Congress I learned important lessons about respecting people and the work they do, says former Sen. Norm Coleman, R-Minn., of Hogan Lovells.

  • How Trump Will Finance Federal Real Property Projects

    Peter Terenzio

    President Donald Trump plans to facilitate much-needed federal real property projects in part through a $10 billion “mandatory revolving fund.” Although it would provide a viable mechanism for agencies to fund certain infrastructure projects, there are aspects of the revolving fund that are unknown and should be considered, say attorneys with Covington & Burling LLP.