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

  • August 22, 2018

    Energy Co. Bolsters Australia Biz With $2.2B Quadrant Buy

    Australia-based energy company Santos Ltd. has agreed to buy Quadrant Energy Pty. Ltd. for $2.2 billion as the company continues its aim to be the country's leading domestic natural gas supplier, the company said Wednesday.

  • August 22, 2018

    Crowell & Moring Lands Ex-EPA Enviro, Gov't Affairs Pro

    Crowell & Moring LLP will bolster its environmental and governmental affairs practices at the end of August by adding the U.S. Environmental Protection Agency’s former deputy chief of staff to the firm's ranks in the nation's capital.

  • August 21, 2018

    Ariz. Agency Shouldn't Be Forced To Buy Coal Power: Tribe

    The Gila River Indian Community urged an Arizona federal judge Monday to toss a suit brought by the Hopi Tribe, a coal company and a labor group seeking to force a state water agency to keep buying power from the Navajo Generating Station until it closes, arguing a ruling in favor of the plaintiffs would undermine its water rights.

  • August 21, 2018

    Puerto Rico Board Blames Short-Sighted Fixes For Debt Crisis

    The government of Puerto Rico contributed to the island’s crippling debt crisis by implementing short-term fixes instead of long-term solutions, and did not attempt to evade a constitutional debt limit, according to a 600-page report released by the federal board charged with rehabilitating Puerto Rico's finances.

  • August 21, 2018

    Microcap Issuer, 2 Men To Pay SEC $8M Over Offering Fraud

    The U.S. Securities and Exchange Commission announced Tuesday that a Nevada-based microcap issuer and the two men controlling it agreed to pay more than $8 million to settle claims that they effectuated a multimillion-dollar fraudulent stock offering for a gold mining operation in Arizona.

  • August 21, 2018

    Abengoa Unit Owes $14.7M Over Wind Farm Project, Suit Says

    A pair of Mexican companies that built a 45-turbine wind farm project in the Mexican state of Tamaulipas urged a New York federal court to uphold a more than $14.65 million arbitral award against a Mexican Abengoa unit that was fired after defaulting on the project.

  • August 21, 2018

    3rd Circ. Says It Can't Hear Del.'s Challenge To EPA Delay

    The Third Circuit said Tuesday it couldn’t wade into a dispute over the U.S. Environmental Protection Agency’s delay in deciding Delaware’s petitions seeking to curb pollution seeping across its border from out-of-state power plants, saying the agency’s self-endowed extension wasn’t a final decision ripe for appellate review.

  • August 21, 2018

    Harvey Bond Vote Could Send $2.5B To Flood Control Projects

    On the anniversary of the day Hurricane Harvey hit the coast of Texas, voters in Harris County will be asked to approve a $2.5 billion bond package that will be used to mitigate future flooding in the city of Houston and surrounding areas and help ongoing recovery efforts. This article is the third in a series of stories about the anniversary of Hurricane Harvey.

  • August 21, 2018

    EPA's Plan To Replace CPP Sets Stage For Court Battle

    The U.S. Environmental Protection Agency's proposed rule to replace the Clean Power Plan drew an immediate threat to sue Tuesday from a coalition of states opposed to rolling back the Obama administration's signature climate change regulations.  

  • August 20, 2018

    Gov't Seeks Toss Of Tribal Groups' Coal Mine Suit

    The federal government urged an Arizona federal judge Monday to toss a suit from the Sierra Club and Native American groups seeking an order that the U.S. Department of the Interior figure out how to clean up a coal mine that feeds the Navajo Generating Station, saying the claims came too late.

  • August 20, 2018

    Contractor Made New Company To Duck Pension, Union Says

    A New England masonry union on Monday sued a Massachusetts contractor who allegedly founded a company in an attempt to thwart overdue retirement contributions and continue stonework on old buildings north of Boston, including restoration at the Salem Witch Museum.

  • August 20, 2018

    Gov't Lands $5M Judgment In Solar Energy False Claims Suit

    A Colorado federal court entered a more than $5 million default judgment against New World Renewable Energy Leasing Inc. and Infinergy Solar & Wind Inc. on Monday, directing the Texas solar power developers to pay damages and penalties stemming from the government’s allegations that they submitted false claims under an energy investment program.

  • August 20, 2018

    W&T Offshore Raises $361M For Gulf Of Mexico Projects

    Oil and gas company W&T Offshore Inc. said Monday it has raised $361 million in equity capital from a group of investors led by Boston-based HarbourVest Partners LLC to develop up to 14 drilling projects in the Gulf of Mexico.

  • August 20, 2018

    Citgo Trying To Delay $1.2B Venezuela Award Row, Miner Says

    Crystallex International Corp. pressed a Delaware federal judge Monday to allow it to immediately forge ahead with the sale of Citgo Petroleum Corp.'s shares, a means of enforcing its $1.2 billion award against Venezuela, saying a bid by Citgo to have the court oversee the sale is a delaying tactic.

  • August 20, 2018

    Pacific Drilling Says Majority Shareholder OK'd Ch. 11 Plan

    Pacific Drilling SA announced Monday it has secured the approval of its majority shareholder for a Chapter 11 restructuring plan, putting the company on track to shed $3 billion in debt after more than a year of talks.

  • August 20, 2018

    Voluntary Calif. Tax Proposed To Fund Clean Water Projects

    Amid California’s endemic water crisis, two Senate bills that aim to fund clean water projects through a voluntary water tax on households and a fee on fertilizing materials have been referred to the Assembly Budget Committee.

  • August 20, 2018

    EPA Blasts Navajo, States' Mine-Spill MDL Special Master Pick

    The Justice Department urged a New Mexico federal court Friday to appoint a former federal judge as special master in multidistrict litigation over a mine-waste spill, saying the Navajo Nation's and two states’ ex-state judge pick appears to have “little to no experience” handling Superfund cases.

  • August 20, 2018

    Post-Harvey Coverage Suits Fall, But Causation Rows Linger

    One year after Hurricane Harvey battered large swaths of the Texas Gulf Coast, a new state insurance law appears to have curbed the amount of coverage litigation compared to previous catastrophic storms, but policyholders are still fighting legal battles over whether their property damage losses were caused by the hurricane's high winds or existing structural flaws. This article is the second in a series of stories about the anniversary of Hurricane Harvey.

  • August 20, 2018

    Rising Star: White & Case's Paul Harrison

    White & Case LLP partner Paul Harrison is one of the most prominent project finance lawyers in Japan and is in the middle of guiding Saudi Arabia’s national oil company on the financing of a proposed $14 billion joint venture with Petronas, making him one of four project finance attorneys under 40 named to Law360's list of Rising Stars.

  • August 17, 2018

    1 Year After Harvey Houston Courts Sharing Space, Making Do

    Hurricane Harvey put Harris County's 21-story criminal courthouse out of commission almost one year ago, and the temporary fix of sharing docket time and courtroom space in the neighboring civil courthouse has meant struggles for plaintiffs, defendants, lawyers and judges alike. This article is the first in a series of stories about the anniversary of Hurricane Harvey.

Expert Analysis

  • #MeToo At Law Firms And What We Can Do About It

    Beth Schroeder.JPG

    While some may say it’s ironic, it’s also embarrassing and enraging that the very industry that offers anti-harassment training, policies and counsel now finds itself the subject of #MeToo headlines. The American Bar Association recommendation that will bring about the greatest change is the call to provide alternative methods for reporting violations, says Beth Schroeder, chair of Raines Feldman LLP's labor and employment group.

  • New Licenses Ease Ukraine, Russia Business Wind-Downs

    Seetha Ramachandran

    The U.S. Department of Treasury Office of Foreign Assets Control continues its effort to allow U.S. persons to wind down operations or existing contracts that would otherwise violate Ukraine- and Russia-related sanctions. Even though OFAC has issued general licenses for this purpose, U.S. persons may need to obtain specific licenses to fully divest their interests, say attorneys with Schulte Roth & Zabel LLP.

  • Knowledge Lawyers Can Help Firms Stay Ahead Of The Curve

    Vanessa Pinto Villa

    In a profession notoriously averse to change, it should come as no surprise that there is skepticism about the value of having attorneys perform nonbillable tasks. But U.S. law firms have slowly begun to incorporate knowledge lawyers into their operations — and the trend is likely to continue, says Vanessa Pinto Villa of Hogan Lovells.

  • An Unprecedented Look Inside The FARA Unit

    Brian Fleming

    For close observers of the Foreign Agents Registration Act, the June 8 release by the U.S. Department of Justice of over 50 FARA advisory opinions was a watershed. These opinions offer an unprecedented glimpse into how the FARA Registration Unit interprets the law, say Brian Fleming and Andrew Herman of Miller & Chevalier Chtd.

  • 5 Takeaways From Tax Court's Solar Project Ruling

    David Burton

    In the matter of Golan v. Commissioner of Internal Revenue, the U.S. Tax Court sustained the taxpayer's energy credit and bonus depreciation deductions. In this unusual case where the IRS had the burden of proof, attorneys from Mayer Brown LLP discuss five interesting takeaways.

  • Why Lawyers Shouldn't Accept Fees In Cryptocurrency: Part 2

    John Reed Stark

    The legal industry has already begun to feel the impact of anti-bribery and anti-money laundering requirements. When involved with cryptocurrency trading and remittance, law firms face more than the risk of being perceived as organizations that support money laundering practices, says John Reed Stark of John Reed Stark Consulting LLC.

  • High Court Passes On New Chance To Clarify CWA Confusion

    Andrea Driggs

    With its recent decision in Hughes v. United States, the U.S. Supreme Court has passed on an opportunity to shed light on its prior rulings on the statutory reach of the federal Clean Water Act, long a source of confusion for lower courts and litigants alike, say Andrea Driggs and Christopher Thomas of Perkins Coie LLP.

  • Why Lawyers Shouldn't Accept Fees In Cryptocurrency: Part 1

    John Reed Stark

    Law firms are increasingly accepting cryptocurrency as payment for services. While this might seem innovative and forward-thinking, ironically it is much more of a throwback, says John Reed Stark of John Reed Stark Consulting LLC.

  • Highway Trust Fund Is Out Of Gas — Time For Mileage Fees

    Joshua Andrews

    Revenue from the federal gas tax — last increased in 1993 — continues to decline, leaving infrastructure critically underfunded. But pilot programs in multiple states have now proven that mileage-based road user fees can replenish the Highway Trust Fund and be implemented practically and fairly, say Joshua Andrews, Charles Stitt and Theodore Bristol of Faegre Baker Daniels Consulting.

  • Questions To Answer Before Investing In An Opportunity Fund

    Marc Schultz

    The opportunity zone program is an exciting new tax incentive offering substantial benefits for its participants. However, many questions about the program remain outstanding, most of which need to be resolved in order for opportunity funds to succeed as expected, says Marc Schultz of Snell & Wilmer LLP.