Insights

Bracewell Legal Bites: Contingent Price Adjustments and Volatile Oil Prices

Bracewell Legal Bites

What 5 key points do buyers and sellers need to negotiate to get oil and gas deals done in today’s challenging market? Alastair Young, a partner in Bracewell’s London office, shares his perspective.

Mnuchin Warns of Criminal Liability for PPP; Promises to Audit Large Loans

On April 28, Treasury Secretary Steven Mnuchin announced the SBA would be conducting audits of all businesses that received greater than $2 million in PPP loans, reiterating his warning from last week that businesses borrowing under the Paycheck Protection Program...

CARES Act Update: IRS and Treasury Department Issue Guidance Under Code Section 163(j)

On April 10, 2020, the IRS and Treasury Department released Revenue Procedure 2020-22 (the Revenue Procedure), providing guidance with respect to the application of the provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act relating to the limitation...

Willfulness Not a Prerequisite for Trademark Infringer’s Profits

U.S. Supreme Court settles circuit split over whether plaintiffs must prove willful infringement in order to recover a defendant’s profits The Supreme Court’s decision Thursday in Romag Fasteners, Inc. v. Fossil, Inc. significantly expanded the monetary relief available for trademark...

New SBA Guidance: Private Equity Eligibility, Debtors in Bankruptcy, and a Safe Harbor

Shortly after the passage of a bill injecting an additional $310 billion into the Small Business Administration’s Paycheck Protection Program, the SBA has issued another supplemental Interim Final Rule (IFR) providing new guidance on several issues, including eligibility for hedge...

Environmental Audit Opportunities to Consider for Return-to-Work in the Wake of COVID-19

As regulated companies and facilities around the country consider their approaches to partially or even fully returning to the workplace – even essential facilities that have remained open but with limited staffing – it seems inevitable that they will discover...

Bracewell Legal Bites: 5 Things to Consider About Force Majeure Relief

Bracewell Legal Bites

During the coronavirus lockdown, many companies are turning to their contracts to consider whether relief might be available under force majeure provisions. Watch this Bracewell Legal Brief, where Darren Spalding, a partner in our London office, details 5 key issues...

State and Local Tax Implications and the Cares Act

On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which modifies certain business tax provisions in the Internal Revenue Code (IRC). For more detailed information regarding the CARES Act, see here. The...

Class Actions Begin: Plaintiffs Target Banks for PPP Loan Processing

A number of class-action lawsuits have been filed targeting national and community banks for their processing of loans under the Small Business Administration’s Paycheck Protection Program (PPP). It is not surprising that disputes have already arisen, given the swift creation...

Clean Water Act News: Final Rulemaking Defining Waters of the United States Released

On April 21, EPA published the revised definition of “Waters of the United States,” or “WOTUS,” in the Federal Register. WOTUS is a lynchpin phrase in the Clean Water Act that determines the jurisdictional reach of multiple agencies. The Clean...

Despite COVID-19, SEC and FINRA Maintain Regulation BI Compliance Date

Although the SEC has been granting regulatory relief in a number of areas as a result of the COVID-19 outbreak, its Office of Compliance, Inspections and Exams (OCIE) confirmed in a recent Risk Alert that Regulation Best Interest (“Regulation BI”)...

IRS Extends Due Date for First Quarter Form 8038 Filings

Summary As a result of the COVID-19 pandemic, in Notice 2020-23 the IRS extended the due date for issuers of tax-exempt obligations to file Forms 8038 or 8038-G for transactions that closed during the first quarter of 2020. Specifically, the...

EHS Self-Auditing: Effectively Utilizing Privileges to Protect Your Findings

Assessing compliance with EHS-related requirements is fundamental for industry, not only to validate compliance assurance efforts, but to help prevent, or at least minimize, enforcement exposure. At the same time, however, candid evaluations give rise to other risks in the...

Nigeria considers changes to Nigerian content requirements in the oil and gas sector

Energy Legal Blog®

The Nigerian government has prepared new legislation – the Nigerian Content Development and Enforcement Bill (“Bill”) – to revise the country’s regulatory approach to mandatory Nigerian content in the oil and gas sector and beyond. The Bill was submitted to the House...

Are the financial markets ready to weather the COVID-19 Storm?

Energy Legal Blog®

The current COVID-19 pandemic is causing significant concern in the financial markets, reviving memories of the 2008 financial crisis. The sudden and almost complete shutdown of many non-essential businesses due to the mandatory ‘social distancing’ requirements...

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Webinar: The Future of Carbon Capture, Use and Storage Projects

Bracewell Legal Bites: Contingent Price Adjustments and Volatile Oil Prices

Mnuchin Warns of Criminal Liability for PPP; Promises to Audit Large Loans

CARES Act Update: IRS and Treasury Department Issue Guidance Under Code Section 163(j)

Willfulness Not a Prerequisite for Trademark Infringer’s Profits

New SBA Guidance: Private Equity Eligibility, Debtors in Bankruptcy, and a Safe Harbor

Environmental Audit Opportunities to Consider for Return-to-Work in the Wake of COVID-19

Bracewell Legal Bites: 5 Things to Consider About Force Majeure Relief

State and Local Tax Implications and the Cares Act

Class Actions Begin: Plaintiffs Target Banks for PPP Loan Processing

Clean Water Act News: Final Rulemaking Defining Waters of the United States Released

Despite COVID-19, SEC and FINRA Maintain Regulation BI Compliance Date

IRS Extends Due Date for First Quarter Form 8038 Filings

EHS Self-Auditing: Effectively Utilizing Privileges to Protect Your Findings

Nigeria considers changes to Nigerian content requirements in the oil and gas sector

Are the financial markets ready to weather the COVID-19 Storm?

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