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Project Finance

  • October 19, 2018

    Chief Justice Pauses Kids' Climate Suit Ahead Of Trial

    Chief Justice John Roberts issued an administrative stay on Friday in a lawsuit accusing the federal government of failing to protect future generations from climate change, in a move that could delay an Oregon federal trial currently set for Oct. 29.

  • October 19, 2018

    Bank Must Face Claim Of Stalling Wall Street Condo Sale

    A Manhattan trial judge ruled Friday that real estate firm Bleckner PC can sue Signature Bank for refusing to let the firm put a $14 million down payment on a building in the heart of New York’s Financial District because the bank believes the building’s seller is blacklisted by the U.S. Treasury.

  • October 19, 2018

    GreenTech Auto Fetches $50M Ch. 11 Stalking Horse Bid

    An electric car company co-founded by former Virginia Gov. Terry McAuliffe asked a Virginia bankruptcy court for permission to name a Chinese investment firm as the $50 million stalking horse bidder for its assets.

  • October 19, 2018

    Opportunity Zone Regs Could Still Leave Openings For Abuse

    Guidance released Friday by the U.S. Department of the Treasury on the deferral of taxable gains under the opportunity zone program leaves potential avenues for abuse by investors, who may be able to take advantage of uncertainty over the treatment of vacant lots, as one example.

  • October 19, 2018

    Gas Royalty Owners Seek Final OK Of $221M Deal With BP

    A proposed class of natural gas royalty owners asked Friday for final approval of a $221 million deal, including $147 million in cash and policy changes resulting in tens of millions more in royalties, settling claims in Oklahoma federal court that a BP PLC unit underpaid them royalties.

  • October 19, 2018

    Trump Looks To Ease Burdens On Western Water Projects

    President Donald Trump on Friday directed two federal agencies to look for ways to make it easier for developers to complete water infrastructure projects in California, Washington and Oregon, including streamlining procedures that are in place to protect the environment and endangered species.

  • October 19, 2018

    FERC Redo Of Grid Rate Reviews May Pull Plug On Disputes

    The Federal Energy Regulatory Commission's recent overhaul of how it will determine acceptable investor returns for electricity transmission companies could reduce the number of rate disputes the commission must referee by significantly raising the jurisdictional bar for would-be challengers, experts say.

  • October 19, 2018

    Cancer-Drug Maker Nabs $80M Financing, Names New CEO

    San Diego-based precision oncology company TP Therapeutics, which makes drugs aimed at addressing treatment resistance, said Friday that it completed an $80 million round of mezzanine financing led by life sciences investment firms Foresite Capital and venBio Partners.

  • October 19, 2018

    Ukraine Asks DC Circ. To Stifle Tatneft's $112M Award Pursuit

    Ukraine has continued pressing the D.C. Circuit to scrap an order enforcing a $112 million arbitral award against the country for seizing an oil refinery from Russian energy company PAO Tatneft, arguing the energy company is a state-controlled entity and therefore Ukraine is immune to its claims.

  • October 19, 2018

    Pakistan Can't Escape $846M Enforcement Suit, Court Hears

    A Turkish power generating company has urged a D.C. federal court to deny Pakistan's bid to toss the company’s suit to enforce an $846 million arbitral award issued over a rental power project, arguing that the country's allegations that the project was tainted by corruption are misplaced.

  • October 18, 2018

    Zinke Touts New Moves On Offshore Wind Development

    The U.S. Department of the Interior will hold an offshore wind auction off the Massachusetts coast in December and is developing a first-ever Pacific offshore wind auction in California, Secretary of the Interior Ryan Zinke said Wednesday.

  • October 18, 2018

    NY High Court Defers To DOL On Apprentice Wages

    New York’s high court on Thursday sided with the state’s Department of Labor in a suit over apprentice wages on public-work projects, ruling that the agency properly reasoned that apprentices not performing the tasks of their trade must be paid higher wages.

  • October 18, 2018

    Spanish Co. Seeks OK Of $2B Egypt Natural Gas Plant Award

    A Spanish natural gas company has sought enforcement from a D.C. federal court of its approximately $2 billion award against Egypt, issued after an international tribunal concluded the country was responsible for cutting off the gas supply to liquefaction facilities the company operated.

  • October 18, 2018

    Giordano Halleran Adds Ex-Fox Rothschild Energy Pro In NJ

    Giordano Halleran & Ciesla PC has added as a shareholder a seasoned energy lawyer from Fox Rothschild LLP amid plans of launching an energy and public utilities practice group that would assist clients in making improvements to New Jersey’s energy infrastructure.

  • October 18, 2018

    3 Firms Guide Oncor's $1.3B InfraREIT Acquisition

    Oncor Electric Delivery Co. LLC and Sempra Energy, which owns 80 percent of Oncor, on Thursday said Oncor will acquire the equity interests of InfraREIT Inc. for approximately $1.3 billion, in a deal that was guided by Gibson Dunn & Crutcher LLP, Vinson & Elkins LLP and White & Case LLP.

  • October 18, 2018

    US Presses High Court Again To End Kids' Climate Suit

    The federal government on Thursday again urged the U.S. Supreme Court to toss a youth lawsuit accusing it of failing to protect future generations from climate change, in a last-ditch effort to stave off a landmark trial that is less than two weeks away.

  • October 17, 2018

    Marine Surveyor Can't Escape $500M Chevron Rig Suit

    A Texas federal judge on Tuesday held that marine surveyor American Global Maritime Inc. must face negligence claims asserted by insurance underwriters seeking to hold it liable for $500 million in losses from the failure of an offshore oil rig built for Chevron, while tossing other claims against the surveyor and dismissing its foreign affiliates from the suit.

  • October 17, 2018

    Builder Hits SF With $150M Suit Over Terminal Delays

    The general contractor behind the construction of San Francisco's new $2.2 billion transit terminal has slapped the city agency responsible for the project with a $150 million lawsuit in state court, arguing that poor plans and the agency's slow response led to cost overruns.

  • October 17, 2018

    Jaguars Owner Pulls £600M Wembley Stadium Bid

    Jacksonville Jaguars and Fulham Football Club owner Shahid "Shad" Khan Wednesday announced he has withdrawn his £600 million pound ($788 million) offer to buy London's Wembley Stadium, saying the deal did not have sufficient support on the board of the UK's Football Association.

  • October 17, 2018

    A High Court Milestone Stirs Hope Of Gender Parity

    After an emotionally fraught confirmation process with sexual misconduct allegations front and center, a new justice joins the Supreme Court bench and brings four female clerks with him. The hires bring gender parity to the court's clerkship ranks for the first time, but will the shift be long-lasting?

Expert Analysis

  • Need Litigation Finance? Don't Skip These 5 Steps

    Molly Pease

    The process of applying for litigation financing isn’t difficult, but few do it right the first time. Following five steps in your application process will help make sure litigation funders are convinced of the value of your company's legal claims, says Molly Pease of Curiam Capital LLC.

  • Foreign Investors May Benefit From Opportunity Zones

    Galia Antebi

    Galia Antebi and Nina Krauthamer of Ruchelman PLLC discuss the elements of the opportunity zone tax code provision and the related options for non-U.S. investors, who generally are not subject to U.S. taxation on dispositions of capital property other than U.S. real property.

  • EPA's New Approach To Interstate Air Pollution Under CAA

    Norman Fichthorn

    Over the last two decades, the U.S. Environmental Protection Agency’s efforts to address interstate air pollution under the Clean Air Act have yielded a series of complex federal regulatory programs. However, it's now signaling a method that involves greater deference to states’ analyses and determinations, says Norman Fichthorn of Hunton Andrews Kurth LLP.

  • How The Affordable Clean Energy Rule Impacts Oil And Gas

    Carroll McGuffey

    The U.S. Environmental Protection Agency’s proposed replacement for the Clean Power Plan, dubbed the Affordable Clean Energy rule, is now open for comment. The rule could cost the coal industry and coal-fired power plants millions, but there are a number of elements that the oil and gas industry must consider as well, says Carroll McGuffey of Troutman Sanders LLP.

  • A Holistic Approach To Client Retention

    Dan Tacone

    In an era when law firms are fighting for business and clients can dictate the terms of the relationship, "value" has become a moving target. Firms that take a proactive approach by using strategies designed to articulate value over time will gain the competitive advantage, says Dan Tacone at Intapp Inc.

  • Q&A

    A Chat With Allens Pricing Chief Pier D'Angelo

    Pier D'Angelo

    In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature Pier D'Angelo, chief pricing and practice officer at Allens.

  • CFIUS Pilot Program: Immediate Investment Implications

    Ama Adams

    The Committee on Foreign Investment in the United States has announced a pilot program to review noncontrolling foreign investments in certain U.S. industries that were formerly outside the scope of its jurisdiction. This is a rapid assertion of CFIUS' new powers under the Foreign Investment Risk Review Modernization Act, say attorneys with Ropes & Gray LLP.

  • Opinion

    The ABA Was Dead Wrong About Model Rule 8.4(g)

    Bradley Abramson

    In the two years since the American Bar Association's controversial anti-discrimination and harassment rule, only one state has adopted it, while numerous state supreme courts, state attorneys general and legal groups have correctly rejected Model Rule 8.4(g) as a threat to lawyers' First Amendment rights, says Bradley Abramson, an attorney with Alliance Defending Freedom.

  • Opinion

    The Supreme Court Should Become Boring

    Alexander Klein

    In the aftermath of Justice Brett Kavanaugh's confirmation, the U.S. Supreme Court should decline review of the nation's most polarizing political questions unless and until the questions become time-sensitive, says Alexander Klein, head of the commercial litigation group at Barket Epstein Kearon Aldea & LoTurco LLP.

  • Q&A

    Back To School: BC's Kent Greenfield Talks Corporate Law

    Kent Greenfield

    In this series featuring law school luminaries, Boston College Law School professor Kent Greenfield reflects on his corporate law theories, his legal battle with the Pentagon over free speech and gay rights, and important constitutional law issues to watch out for.