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Inflation Reduction Act
Thinking about Hiring Interns? New Case Reminds Employers of Rules on Interns
To listen to the podcast, please click here . Following similar decisions involving Hearst Corporation and Viacom, a federal judge in the Southern District of New York recently granted conditional certification of a potential nation-wide class of approximately 3,000 current...
Has the Sun been Shining too Brightly in the UK?
Last week (13 th May) the Department of Energy & Climate Change (" DECC ") unveiled proposals to " maintain the growing momentum behind renewable electricity investment in the UK, while continuing to deliver value for money for consumers. "...
East Africa Licensing Update
When bidding in Tanzania's 4 th Offshore Licensing Round was officially closed on 15 May, the Tanzania Petroleum Development Corporation (TPDC) announced bids by CNOOC, RAK Gas, ExxonMobil/Statoil, Mubadala and Gazprom and with other licensing rounds in the region scheduled...
Second Circuit Clarifies the Limits on The Extraterritorial Application of U.S. Securities Laws
To listen to the podcast, please click here . On May 6, 2014, the U.S. Court of Appeals for the Second Circuit affirmed the dismissal of a putative securities class action brought by purchasers of foreign issued-securities on a foreign...
Mexican President Submits Legislation to Congress for Implementation of Constitutional Energy Reforms
Following the historic constitutional energy reforms passed by the Mexican Congress in December 2013, Mexican President Enrique Peña Nieto submitted on April 30, 2014 for the consideration and approval of the Mexican Congress the secondary legislation (the "Legislation") that will...
Protecting Yourself Against Data Breach: Don't Be a Target
To listen to the podcast, please click here . On May 5, 2014, Target Corporation Chief Executive Officer Gregg Steinhafel resigned after having been with the company for 35 years, another casualty of the massive data breach that continues to...
Supreme Court Upholds EPA's Cross State Air Pollution Rule (CSAPR)
To listen to the podcast, please click here . In a 6-2 decision, the United States Supreme Court upheld EPA's justification for the Cross State Air Pollution Rule (CSAPR), breathing life back into the rule that had been vacated by...
Appeals Court Upholds FTC Merger Challenge
To listen to the podcast, please click here . On April 22, 2014, the U.S. Court of Appeals for the Sixth Circuit affirmed a decision of the Federal Trade Commission (FTC) finding that the merger of two hospital systems in...
SEC Municipalities Continuing Disclosure Cooperation Initiative Targets Issuers and Underwriters with a “Prisoner’s Dilemma”
To listen to the podcast, please click here . On March 10, 2014, the Enforcement Division of the Securities and Exchange Commission (SEC) announced the Municipalities Continuing Disclosure Cooperation Initiative (MCDC) – an offer for municipal issuers and their underwriters...
Distress in the Defense Industry: Opportunities and Obstacles
To listen to the podcast, please click here . The U.S. defense industry is facing a new battle – financial distress. Withdrawal of U.S. forces from Afghanistan and Iraq combined with reductions in the defense budget and sequestration have taken...
Echoes from the Gunn? Aggravated States and Demand Letters
To listen to the podcast, please click here . A gunshot that cracks the silence of an old west desert canyon creates an echo coming from all directions. A Supreme Court decision can make similar reverberations throughout the legal world...
Texas Greenhouse Gas Regulations Go Into Effect
On April 17, the Texas Commission on Environmental Quality's new greenhouse gas (GHG) regulations became effective, establishing the framework for a new GHG permitting program at TCEQ, which the agency hopes to begin implementing in the summer of 2014. Before...
Spill Prevention under the Proposed Waters of the United States Rule
We've blogged about the scope of EPA's proposed Waters of the United States rule and whether it provides any additional clarity to the current regulatory scheme. With this post, we'll start to outline some direct potential impacts on different segments...
CFTC Seeks Input on Dodd-Frank Implementation Issues Affecting Energy End-Users
With most of its rules implementing the swap regulatory provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank") in place, the Commodity Futures Trading Commission ("CFTC") is seeking new public input on several aspects of its Dodd-Frank...