Project Finance

  • May 9, 2018

    Trump Agenda Maintains Enviro Deregulatory Momentum

    The Trump administration on Wednesday said it plans to roll back or revise several environmental- and energy-related regulations over the next few months, including loosening policies that dictate how strictly an air pollution-emitting facility is controlled, determining the extent of the federal government’s jurisdiction under the Clean Water Act and, of course, the replacement of the Clean Power Plan.

  • May 9, 2018

    Calif. Mandates Solar Panels On New Homes Starting In 2020

    California on Wednesday became the first state in the country to require solar panels on all new homes, marking its latest effort to aggressively curb greenhouse gas emissions.

  • May 9, 2018

    Enbridge Sells Natural Gas Biz To ArcLight Unit For $1.12B

    Energy infrastructure company Enbridge Inc. on Wednesday said its indirect subsidiary agreed to sell a natural gas business to an affiliate of Boston-based private equity firm ArcLight Capital Partners for $1.12 billion in a cash deal steered by Norton Rose Fulbright and Gibson Dunn & Crutcher LLP, respectively.

  • May 9, 2018

    Pa. Court Grapples With Proof Behind $1M Fracking Fine

    As part of an ongoing dispute over a $1.1 million fine levied against an EQT Corp. unit for hydraulic fracturing fluid that leaked from an in-ground impoundment, a Pennsylvania appeals court wrestled during oral arguments on Wednesday over how to prove whether soil-bound contaminants had moved into groundwater.

  • May 9, 2018

    Exxon Ends Arbitration Fight After Exit From $73M Oil Row

    ExxonMobil Corp. has dropped its Texas federal court suit to escape arbitration with investors who claim they dumped $73.2 million into a failed project to explore for oil in Papua New Guinea, after the investors voluntarily dropped the company from international proceedings last week.

  • May 8, 2018

    The Navajo Generating Station: A Cheat Sheet

    The Hopi Tribe's recent suit seeking to keep a key customer of the Navajo Generating Station from taking its power needs elsewhere comes at a crucial time for the Arizona coal plant, as economic pressure threatens to pull the plug on the plant as soon as next year and tribes fight to preserve vital revenue. Here, Law360 brings you up to speed on what's happening. 

  • May 8, 2018

    Mass. Justices Press Power Cos. On Emissions Rule Suit

    Massachusetts Supreme Judicial Court justices on Tuesday pressed a group of power companies to explain why they believe a state regulatory plan to cap greenhouse gases in the electric sector would actually increase emissions and indicated the court was not swayed by their answers.

  • May 8, 2018

    Groups Get Pause In Suit Over EPA Science Adviser Grants

    A D.C. federal judge on Tuesday briefly pushed back deadlines in a lawsuit from scientific advocacy groups suing the EPA over a new policy barring its scientific advisory committees’ members from receiving agency grants, pausing government efforts to toss the case until it produces the administrative record for the policy.

  • May 8, 2018

    Bankrupt Westinghouse Seeks OK To Pay Worker Bonuses

    Westinghouse Electric Co. LLC asked a New York bankruptcy court Monday to let the nuclear power company provide several hundred employees with bonus payments totaling up to $19.6 million if it reaches certain performance milestones, adding that the incentives would help boost its performance.

  • May 8, 2018

    Miner Wants Oil Cos. Tied To $1.37B Venezuela Award

    A Canadian mining company seeking to collect on a recently confirmed $1.37 billion arbitration award against Venezuela asked a Texas federal judge on Monday to hold oil companies that allegedly helped the county relocate its assets when creditors came knocking responsible for fraud.

  • May 8, 2018

    Bayou Bridge Pipeline Permit Improper, La. Judge Says

    Louisiana’s Department of Natural Resources violated state law when it gave the developer of a crude oil pipeline linked to the controversial Dakota Access pipeline a coastal use permit allowing the project to cross through 11 parishes in Southern Louisiana, a state judge has ruled.

  • May 8, 2018

    Houston E&P Co. Owes $19M For Contract Breach, Suit Says

    Cross Logistics Inc., a Louisiana company that completes undersea well drilling projects with specialized tools, filed a $19 million lawsuit against Houston exploration and production company Atlantia Operating Co. LLC on Monday in Texas state court, alleging Atlantia breached a purchase agreement by backing out of a deal to buy its tools.

  • May 7, 2018

    Pipeline Protesters Leave Tree Stands After Contempt Ruling

    A mother and daughter on Saturday came down from tree stands they had occupied for more than a month to fight Mountain Valley Pipeline LLC’s $3.5 billion natural gas pipeline, hours after a Virginia federal judge held them in civil contempt for interfering with the developer’s work on the project.

  • May 7, 2018

    Pa. Pipeline Row Shows Enviro Rights Amendment Still Murky

    A recently advanced effort to hold a Sunoco Inc. unit liable for violations of the Pennsylvania Constitution over a controversial pipeline project highlights what attorneys say is continued uncertainty around the so-called environmental rights amendment, which was reinvigorated by the state’s Supreme Court last year.

  • May 7, 2018

    8th Circ. Won't Disturb Rulings In Bakken Drilling Row

    The Eighth Circuit said Monday there was nothing flawed about a North Dakota federal judge's ruling in favor of a drilling property owner over a soured Bakken Shale partnership with a petroleum company, including his refusal to second-guess a jury verdict on one of the company's claims.

  • May 7, 2018

    Puerto Rico Finance Monitor Can't Duck Journos' Bid For Docs

    A Puerto Rico district court has ruled that the island’s federally appointed oversight board must turn over internal documents to journalists, a move that severely undermines the board’s claims of broad constitutional immunity and could open the door to future lawsuits against it.

  • May 7, 2018

    FERC Won't Stop Work On 2 Disputed Gas Pipelines

    The Federal Energy Regulatory Commission on Friday rejected bids from landowners and environmentalists to reconsider its green lights for the start of construction on the $5 billion Atlantic Coast and the $3.5 billion Mountain Valley gas pipelines, although one commissioner stuck to her earlier opposition to both projects.

  • May 7, 2018

    Oil Cos., NYC Clash Over Viability Of Climate Change Suit

    ExxonMobil, Chevron and ConocoPhillips exchanged legal fire with New York City on Friday over the Big Apple's lawsuit seeking to hold them and two other oil giants liable for climate change-related infrastructure damage, with the companies arguing the city is wrongly attempting to use courts to regulate fossil fuels.

  • May 4, 2018

    Law360 Reveals Titans Of The Plaintiffs Bar

    They’ve gone up against big-name companies while advocating for plaintiffs ranging from grieving family members to shareholders and consumers in some of the biggest and most well-known cases of the past year.

  • May 4, 2018

    Tesla, Utilities Join Fight To Stop EPA Fuel Economy Rollback

    A coalition that includes several electric utilities and electric car maker Tesla Inc. on Thursday challenged at the D.C. Circuit the U.S. Environmental Protection Agency’s decision to revisit Obama-era greenhouse gas vehicle emission standards, following the lead of California and other states in fighting the agency’s actions.

Expert Analysis

  • 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.

  • New Bribery Suit's Implications For Venezuela Restructuring

    Richard Cooper

    The decision by Venezuela’s state-owned oil company PDVSA to pursue claims in the U.S. over an alleged bribery scheme raises a number of legal and strategic issues not just for the defendants named in the suit, but also for PDVSA’s bondholders and creditors of the republic, say Richard Cooper and Boaz Morag of Cleary Gottlieb Steen & Hamilton LLP.

  • Lawyering A La Carte: Unbundled Dispute Resolution Services

    David Wallace

    There's no reason for limiting unbundled legal services to family law or even pro se litigants. Wider adoption, especially by litigators, presents an opportunity to correct law's distribution and pricing problem, to make justice practically available to all, and to dethrone litigation as the "sport of kings," says New York-based trial lawyer David Wallace.

  • You’re Perfect, Now Change: Perfectionism Hurts Lawyers

    Peter Norman

    Like medical professionals, lawyers often resist policies to reduce errors due to the culture of perfectionism that permeates the industry. Autonomy is key to the legal professional's prestige and the outward demonstration of competence is key to maintaining autonomy, says Peter Norman of Winnieware LLC.