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Project Finance

  • December 11, 2018

    3 Takeaways From The New Trump Water Rule

    The Trump administration's proposal to rein in federal government oversight of waterways under the Clean Water Act — a move rooted in late U.S. Supreme Court Justice Antonin Scalia's interpretation of federal jurisdiction — is generating fierce controversy from environmental groups and others saying it leaves too many bodies of water unprotected.

  • December 11, 2018

    US Trustee Objects To Pay Request For Level Solar Atty

    The U.S. Trustee objected Tuesday to a nearly $260,000 fee request by the attorney of defunct residential solar company Level Solar Inc., telling a New York bankruptcy court it should hold off on making a decision given the estate's limited funds and "the uncertain outcome of this case."

  • December 11, 2018

    Port Authority Accused Of Collusion In Bid To Fix JFK Taxiway

    The Port Authority of New York & New Jersey colluded with Walsh Construction Company LLC in awarding it a contract for taxiway repair at John F. Kennedy International Airport even though the firm missed the bidding deadline, a rival contractor alleged in New York state court Monday.

  • December 11, 2018

    NYC Construction Co. Files For Ch. 11 Amid Unpaid $122M

    A New York-based mechanical construction company has filed for Ch. 11 protection, citing more than $122 million in outstanding payments and damages owed to it by project owners and an equipment maker, including the New York City Department of Environmental Protection.

  • December 11, 2018

    Climate Report Proves Carbon Regs Must Stick, EPA Told

    The dire conclusions in the blockbuster climate change report recently released by the Trump administration contradict White House efforts to roll back greenhouse gas emissions standards for vehicles and power plants and the proposals should be yanked immediately, dozens of state attorneys general and city and county attorneys said Tuesday.

  • December 11, 2018

    Ex-SUNY Prez Gets 3.5 Years For 'Buffalo Billion' Bid-Rigging

    Manhattan U.S. District Judge Valerie E. Caproni hit former State University of New York Polytechnic Institute President Alain Kaloyeros with three and a half years in prison Tuesday for rigging bids, but allowed the nuclear scientist credited with a revitalization of the upstate school to stay free while he appeals.

  • December 11, 2018

    Enviros Sue To Deep-Six Atlantic Seismic Testing Permits

    Environmental groups on Tuesday launched a challenge in South Carolina federal court to the Trump administration's issuance of permits for oil and gas companies to injure or otherwise disrupt whales and other marine mammals during seismic testing off the Atlantic coast, a precursor for offshore drilling in the region.

  • December 11, 2018

    EPA, Army Corps Float Replacement Water Rule

    The Trump administration on Tuesday unveiled its replacement of a rule designed to clarify which waterways in the country are subject to Clean Water Act jurisdiction, taking a narrower approach than the Obama administration and delivering on one of the president’s key campaign promises.

  • December 11, 2018

    MVP: Kirkland's Rohit Chaudhry

    Over the past several months, Rohit Chaudhry of Kirkland & Ellis LLP has helped close various project finance deals, including doing the holding company financing on a $2.4 billion deal that closed in May, earning him a spot as one of Law360's Project Finance MVPs.

  • December 10, 2018

    Venezuela Fails To Nix $382M Award To Glassmaker

    Venezuela has lost its bid to nix a more than $382 million arbitral award issued to a subsidiary of glassmaker Owens-Illinois Inc. whose two glass production plants were seized, after an ad hoc committee rejected arguments that the award should be annulled because Venezuela's appointed arbitrator had allegedly become biased against it.

  • December 10, 2018

    House OKs Bill To Spur Tribes' Energy Projects

    The U.S. House of Representatives approved a bill Monday that will allow Native American tribes to take more control over energy development on their lands, teeing the legislation up for signature by President Donald Trump.

  • December 10, 2018

    EU Approves Germany's €350M Per Year Rail Freight Plan

    Europe’s competition enforcer said Monday that it has approved Germany’s plan to invest up to €350 million ($397.5 million) per year over the next several years to help move freight traffic from the roads to the rails, after finding the scheme is in line with the bloc’s state aid rules.

  • December 10, 2018

    Sunoco Pushes Pa. PUC To Ax Pipeline Shutdown Bid

    A Sunoco Inc. unit says objectors who have asked Pennsylvania to shut down two pipelines for transporting liquid natural gas couldn't prove that the pipelines were sufficiently dangerous or that the public lacked sufficient information about them, according to a brief filed Friday with the state's Public Utility Commission.

  • December 10, 2018

    Investment Co. Sues Schnader Harrison Over $10M Deal Flub

    A Schnader Harrison Segal & Lewis LLP attorney allowed a Canadian investment firm to become “ensnared in a toxic relationship” with an electric vehicle company by allowing the investment firm's stock value to be undercut and costing the firm $10 million, according to a malpractice suit filed Friday in New York federal court.

  • December 10, 2018

    DC Metro Concrete Conspirator Gets Year In Prison

    A Florida man who pled guilty to a fraud conspiracy charge for his role in falsifying data about the strength of concrete used in a D.C. Metro rail project will spend a year and a day behind bars, a Virginia federal judge said Friday.

  • December 10, 2018

    Keystone Developer Can't Prep Pipeline Construction

    Developer TransCanada Corp. may not move forward with certain pre-construction activities on the Keystone XL pipeline while the U.S. Department of State conducts its environmental review, a Montana federal judge has held, delivering another setback to the Trump administration’s bid to build the controversial pipeline amid protests by environmental and indigenous groups.

  • December 7, 2018

    Aegean Marine Announces Tentative Creditor Settlement

    Counsel for Greek marine refueling company Aegean Marine Petroleum Network Inc. told a New York bankruptcy court on Friday that the debtor had reached a tentative global settlement with its unsecured creditors, putting off what was expected to be a contentious hearing on several objections lodged by those creditors.

  • December 7, 2018

    Nexus Can Access Land For Pipeline Work, 6th Circ. Says

    A Sixth Circuit panel on Friday agreed with a lower court that gave Nexus Gas Transmission LLC quick access to landowners' properties in Ohio so that it could proceed with pipeline construction in a timely way.

  • December 7, 2018

    Corps, Dakota Access Say Tribes Didn't Obey Order

    The U.S. Army Corps of Engineers and Dakota Access LLC said that several Native American tribes had failed to follow a D.C. federal judge’s order to spell out what claims they plan to continue with in their challenge to the Dakota Access pipeline, as the tribes contended that the record in the case should be fleshed out first.

  • December 7, 2018

    NY Builder Gets 3 Years For Bribery, 'Buffalo Billion' Fraud

    The former president of COR Development Co. was sentenced to three years in prison Friday, following his conviction for bribing a former top aide to New York Gov. Andrew Cuomo and his role in a scheme to rig bids for hundreds of millions of dollars in state development contracts.

Expert Analysis

  • What The FAA Act Says About Phones, Seats And Liability

    Timothy Lynes

    The 2018 Federal Aviation Administration Reauthorization Act includes sections that prohibit in-flight mobile phone communication, immunize passive finance parties from state tort liability and address airline seat size standards. The latter section will likely lead to an extensive rule-making process, says Timothy Lynes of Katten Muchin Rosenman LLP.

  • Jurors Should Ask More Questions During Trials

    Matthew Wright

    Permitting jurors to submit written questions, or even to pose questions orally to witnesses on the stand, advances several important goals and promotes both fairness and efficiency, says Matthew Wright of McCarter & English LLP.

  • Calif. Ruling Dings Engagement Letter Arbitration Clauses

    Sharon Ben-Shahar Mayer

    The California Supreme Court's recent decision in Sheppard Mullin v. J-M Manufacturing has cast doubt on arbitration clauses in attorney engagement agreements, jeopardizing the efficient resolution of malpractice claims and fee disputes, say Sharon Ben-Shahar Mayer and Mark Drooks of Bird Marella Boxer Wolpert Nessim Drooks Lincenberg & Rhow PC.

  • 10 Things We Wish We Were Told When Going In-House

    Dana Lee

    Attorneys at Albert Einstein College of Medicine, Perkins Coie LLP and the Healthcare Association of New York State reflect on lessons they learned the hard way when transitioning to in-house counsel positions.

  • The Virtual Law Team: Advantages For Litigants And Lawyers

    Jessica Cox

    The virtual law team was created as a necessary response to mass tort litigation — however, with advances in technology and ever-increasing specialization of the legal practice, the model should be considered in multiplaintiff litigation of any size, say attorneys at Faegre Baker Daniels LLP.

  • NY Offshore Wind Carries Unique Challenges For Insurers

    Sophie Shiffman

    New York state's abundant wind resources and strong government backing for renewables make it ripe for expansion in offshore wind energy. But the Atlantic coastline, a prime site for wind farm installation, also poses special challenges for development — and special considerations for the insurance industry, say attorneys at Clyde & Co. LLP.

  • 5 Business Takeaways From The Midterms

    Mary Moore Hamrick

    Now that the midterms are over, business leaders have a little insight into the future of taxes, trade and other policy issues affecting the economy. Still, companies should remain agile as, come January, a new and divided Congress will begin to chart its course, says Mary Moore Hamrick of Grant Thornton LLP.

  • Emerging Cybersecurity Threats In The Legal Industry

    Michael Hall

    Predicting how the cybersecurity landscape will develop is critical for any organization wanting to mitigate the risk of the inevitable future attack. Michael Hall of HighQ Solutions Ltd. discusses five threats to look out for in the next 12 months.

  • Understanding The Tax Effects Of Blocker Corp. Distributions

    Brad Wagner

    The decisions that are made as investments are structured, financed and executed — and later when they are sold — have a major impact on how much federal tax is paid under the Foreign Investment in Real Property Tax Act blocker investment structure, says Brad Wagner of Wagner Duys & Wood LLP.

  • Rise Of The CMOs

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    Joshua Peck, incoming marketing director of Hill Wallack LLP, traces the evolution of the chief marketing officer position at law firms and shares insights from three legal marketing pioneers.