Project Finance

  • January 26, 2024

    EU Investment Plans Play To US Nat'l Security Concerns

    Three new measures adopted by the European Commission stand to close alternate pathways to advanced technology and funding that have plagued U.S. efforts to thwart adversaries like China and Russia.

  • January 26, 2024

    Enviro Group Launches New Bid To Block Colo. Water Project

    A Colorado environmental group has asked a federal judge to toss approval by the Army Corps of Engineers of a major water pipeline and reservoir project, alleging the agency violated federal laws by failing to consider less environmentally damaging alternatives when analyzing the Northern Integrated Supply Project.

  • January 26, 2024

    Dissolved Biomed Co. Aims To Bar Ex-CEO's Credit Bid In Del.

    A former officer of a biomedical company startup that was ordered dissolved by Delaware's chancellor for "egregious misconduct" by its founder and former CEO has asked the court to declare any purported debts to the ex-CEO to be unrecoverable gifts ineligible for use in bidding for the business.

  • January 26, 2024

    Biden Stokes LNG Uncertainty With Export Review Pause

    The Biden administration's pause of its approvals of liquefied natural gas exports to countries that don't have free-trade agreements with the U.S. will delay several projects and have potential customers question whether their supply agreements can ultimately be honored.

  • January 26, 2024

    DC Circ. Balks At Overturning FCC's Subsidy Fee System

    D.C. Circuit judges seemed skeptical Friday that Congress gave the Federal Communications Commission too much power to raise fees to support telecom programs, though one jurist asked if the courts should allow the IRS similar leeway to raise taxes as much as needed to fill the U.S. treasury.

  • January 26, 2024

    Paxton Says Barclays Can't Participate In Texas Bond Market

    Texas Attorney General Ken Paxton on Friday announced that Barclays is no longer allowed to underwrite the state's municipal bonds after the bank failed to respond to requests from the attorney general's office for information about its stated carbon emission commitments.

  • January 26, 2024

    Real Estate Authority: A New Tallest Tower?

    Law360 Real Estate Authority covers the most important real estate deals, litigation, policies and trends. This week brought key developments in California, Florida and New York — as well as a pitch for a 1,900-foot tower, which would unseat One World Trade Center as the tallest tower in the United States.

  • February 08, 2024

    Law360 Seeks Members For Its 2024 Editorial Boards

    Law360 is looking for avid readers of its publications to serve as members of its 2024 editorial advisory boards.

  • January 26, 2024

    Don't Tax Broadband Deployment Money, Telecom Groups Say

    A group of telecommunications trade associations are asking Congress to grant their members tax breaks for broadband deployment costs, saying that without the proposed legislation, money intended to help bring broadband to currently out-of-reach households would return to the government in tax payments.

  • January 26, 2024

    Biden Admin Pauses LNG Reviews Over Climate Concerns

    The Biden administration on Friday said it would pause its approvals of liquefied natural gas exports to countries that don't have free-trade agreements with the U.S., and revise its export policy to greater account for LNG's impacts on climate change and energy prices.

  • January 25, 2024

    Judge Rejects Late Concession, Despite Possibly Absurd Trial

    A Colorado federal judge on Thursday rejected a joint venture's last-minute bid to concede liability on a $5 million claim ahead of a trial next week over a state toll lanes expansion, concluding his hands were tied even though it may be silly to forge ahead with trying the claim.

  • January 25, 2024

    DC Circ. Unsure About Wading Into PR Bay Dredging Fight

    The U.S. Army Corps of Engineers faced off against several environmental groups at the D.C. Circuit Thursday over a dredge project that would widen Puerto Rico's largest port, but the panel seemed more concerned about whether it had the jurisdiction to hear the appeal at all.

  • January 25, 2024

    FERC Won't Halt Work On Texas LNG Export Terminal

    The Federal Energy Regulatory Commission has said it won't pause authorized construction on a liquefied natural gas export terminal on the South Texas Gulf Coast, a decision a dissenting commissioner said perpetuates and magnifies injuries to environmental justice communities and ignores evidence of harm to public health and the environment.

  • January 25, 2024

    Investors Call Prison 'The Only Solution' For Collection Bid

    EB-5 investors who've been chasing settlement and sanction judgments for years in an Illinois federal fraud case are arguing that imprisonment "is the only bullet left in the court's gun" against real estate developers who've consistently played "a shell game" to avoid paying up.

  • January 25, 2024

    Locke Lord Welcomes Offshore Wind Pro In DC

    The former vice president for offshore wind at the American Clean Power Association has joined Locke Lord LLP, the firm announced Thursday, saying the addition will further strengthen its renewable energy capabilities.

  • January 25, 2024

    Calif. Judge Says States' Trump Water Rule Challenge Is Moot

    A California federal judge dismissed Democrat-led states' challenge to a Trump-era Clean Water Act rule the Biden administration has since replaced, saying because there is no present controversy, the case is moot.

  • January 25, 2024

    Caps, Wizards Owner Defends Plan To Move Teams To Virginia

    Billionaire Ted Leonsis defended his plan to move the Washington Wizards and Washington Capitals from the District of Columbia to a sprawling entertainment district planned for Alexandria, Virginia, on Thursday, stressing that the move will not alienate fans or impose new economic burdens.

  • January 25, 2024

    Fieldfisher Adds Arbitration Pro With Spanish Partner Hire

    Fieldfisher LLP has hired a founding partner of Spanish law firm Claros & Abogados to join its Madrid office as it looks to bolster its dispute settlement practice across Europe and the Americas.

  • January 24, 2024

    PG&E Judge Voices 'Frustration' At Atty Arguing Counsel Bid

    A California judge overseeing PG&E's bankruptcy voiced "frustration" at a hearing Wednesday over investors' arguments on a motion to appoint interim lead counsel in a parallel securities suit, telling the plaintiffs' attorney he was "going around in circles" answering questions on how the class action procedures interact with the bankruptcy process.

  • January 24, 2024

    EU Proposes New Foreign Investment And Trade Policies

    The European Commission adopted five policy proposals Wednesday aimed at reinforcing the European Union's economic security through new actions on foreign investment, outbound investment and sensitive technology.

  • January 24, 2024

    Bid To Swap Chevron For An Old Standby Raises Doubts

    Last week, the U.S. Supreme Court debated whether a World War II-era doctrine encouraging courts to strongly consider agency statutory interpretations could replace the court's controversial so-called Chevron doctrine that requires judges to defer to those interpretations if a statute is ambiguous.

  • January 24, 2024

    La. Wins Injunction Against EPA On Disparate Impact Rules

    A Louisiana federal judge will allow the state to temporarily block the U.S. Environmental Protection Agency from imposing certain environmental justice requirements on permitting and grant decisions, finding the state is likely to prevail in its challenge.

  • January 24, 2024

    Viasat Wrong To Oppose Starlink Funding Petition, FCC Told

    A Virginia resident pressing the Federal Communications Commission to restore nearly $886 million in rural development funds for Starlink's broadband service claims that satellite giant Viasat was wrong to oppose his petition as flawed and untimely.

  • January 24, 2024

    NJ Utility Regulator Awards 2 Offshore Wind Contracts

    Nearly three months after Danish energy company Orsted backed out of its project to build a wind farm off the New Jersey coast, the state's utility regulator has approved two new offshore wind projects expected to bring over 3,700 megawatts of wind energy to power almost 2 million homes.

  • January 23, 2024

    Wash. Justices Scrutinize Arb. Award's Role In Future Suits

    Washington State Supreme Court justices on Tuesday questioned a beleaguered developer's insistence that a trial judge should not have confirmed an $11.5 million arbitration award against it since it has already paid the money, saying the details of the award might have value in continued litigation between the developer and its lender.

Expert Analysis

  • Scope Of Fla. Anti-ESG Law: What We Know And Don't Know

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    Florida's ambitious new law restricting the use of ESG factors takes effect July 1, and even businesses not directly affected should study H.B. 3, as it may be the harbinger of more expansive restrictions to come in Florida and elsewhere, says Bessie Daschbach at Hinshaw.

  • The Road Ahead For EPA's Greenhouse Gas Reduction Efforts

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    Recent U.S. Environmental Protection Agency actions could help the Biden administration's goals of decarbonizing the electricity sector, but they will have to potentially overcome technical, legal and political challenges, says Andrew Shaw at Dentons.

  • How Attys Can Avoid Exposing Their Firms To Cyberattacks

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    Attorneys are the weakest link in their firms' cyberdefenses because hackers often exploit the gap between individuals’ work and personal cybersecurity habits, but there are some steps lawyers can take to reduce the risks they create for their employers, say Mark Hurley and Carmine Cicalese at Digital Privacy & Protection.

  • Chapter 100 Incentives Can Offer Relief For Mo. Solar Projects

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    Although the Missouri Supreme Court's decision last year in Johnson v. Springfield Solar 1 overturned the state's tax exemption for solar energy systems, solar developers may still be able to use other mechanisms, like Chapter 100 incentives, to offset project costs, say Lizzy McEntire and Anna Kimbrell at Husch Blackwell.

  • Foreign Investment In Real Estate Is Getting More Complicated

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    Increasing federal scrutiny and a proliferation of new state laws targeting foreign investment in real estate may complicate or prevent transactions even by U.S. companies or funds that have shareholders or limited partners from China and other countries of concern, say attorneys at Akin.

  • Virginia 'Rocket Docket' Slowdown Is Likely A Blip

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    After being the fastest or second-fastest federal civil trial court for 14 straight years, the Eastern District of Virginia has slid to 18th place, but the rocket docket’s statistical tumble doesn't mean the district no longer maintains a speedy civil docket, says Robert Tata at Hunton.

  • NEPA Reforms May Aid Project Speed, But Red Tape Remains

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    The Fiscal Responsibility Act of 2023 included amendments to the National Environmental Policy Act that are designed to streamline the federal environmental review process for infrastructure projects, but coordination with agencies and early stakeholder engagement are still likelier to lead to successful outcomes than time and page limits, say Jena Maclean and Stephanie Regenold at Perkins Coie.

  • 5 Management Tips To Keep Law Firm Merger Talks Moving

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    Many law firm mergers that make solid business sense still fall apart due to the costs and frustrations of inefficient negotiations, but firm managers can increase the chance of success by effectively planning and executing merger discussions, say Lisa Smith and Kristin Stark at Fairfax Associates.

  • Rethinking In-Office Attendance For Associate Retention

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    The hybrid office attendance model doesn't work for all employees, but it does for many — and balancing these two groups is important for associate retention and maintaining a BigLaw firm culture that supports all attorneys, says Summer Eberhard at Major Lindsey.

  • Sackett's US Waters Redefinition Is A Boon For Developers

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    The U.S. Supreme Court's recent landmark ruling in Sackett v. U.S. Environmental Protection Agency should reduce real estate project delays, development costs and potential legal exposures — but developers must remain mindful of how new federal and state regulations governing wetlands could affect their plans, say attorneys at Morris Manning.

  • Compliance Obligations Still Murky For Superfund Excise Tax

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    Comments on the IRS' reinstatement of the Superfund chemicals excise tax show that, given taxpayers' lack of institutional knowledge and the government's previous failure to finalize clarifying guidance, further regulatory action is needed to help taxpayers understand their obligations, say Nicole Elliott and Mary Kate Nicholson at Holland & Knight.

  • Murdaugh Trials Offer Law Firms Fraud Prevention Reminders

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    As the fraud case against Alex Murdaugh continues to play out, the evidence and narrative presented at his murder trial earlier this year may provide lessons for law firms on implementing robust internal controls that can detect and prevent similar kinds of fraud, say Travis Casner and Helga Zauner at Weaver and Tidwell.

  • For NY Wind And Solar Projects, Some Tax Assessment Clarity

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    Recent legislation, which moots a challenge to New York’s discounted cash flow method for assessing solar and wind project real property taxes, lifts a cloud of uncertainty and brings new considerations for developers, investors and lenders, say attorneys at Hodgson Russ.

  • How Electric Vehicles Will Affect Land Use And Development

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    The increasing use of electric vehicles will bring significant issues for cities and real estate developers to consider, as cities will require substantially more infrastructure to meet electric vehicles' charging needs, says John Lushis at Norris McLaughlin.

  • Environmental Justice Takes Center Stage At FERC

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    The Federal Energy Regulatory Commission's forthcoming policy statement on addressing environmental justice community impacts could play a key role in informing how developers and affected communities approach energy projects for years to come, say Emily Mallen, Ben Reiter and Angelica Gonzalez at Akin.

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