Legal Articles: Sutherland Asbill & Brennan LLP

 







Document(s) published by this organization: 971


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HTMLUSDA Announces Funding for Rural Electric Infrastructure Projects
Sutherland Asbill Brennan LLP;
Legal Alert/Article
July 22, 2015, previously published on July 21, 2015
The Secretary of Agriculture announced today that $349 million in funding would be provided for 15 rural electric infrastructure projects. The projects will build or improve almost 2,000 miles of transmission and distribution lines for rural electric cooperatives and utilities in 13 states.

 

HTMLVolcker Agencies Provide Seeding Period Guidance for BDCs, RICs and FPFs in New FAQ
Brian Barrett, Steven B. Boehm, Harry S. Pangas, John Allen Zumpetta; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
July 22, 2015, previously published on July 21, 2015
On July 16, 2015, the agencies responsible for implementing the Volcker rule (Agencies) issued FAQ 16, which provides guidance on the circumstances under which a seed investment would not cause (i) a registered investment company (RIC), (ii) a business development company (BDC) that has elected to...

 

HTMLCoops Fare Well in J.D. Power Utility Study
Sutherland Asbill Brennan LLP;
Legal Alert/Article
July 21, 2015, previously published on July 20, 2015
Several coops were highly ranked in the J.D. Power 2015 Electric Utility Residential Customer Satisfaction Study. Only 20 coops were reviewed for the study, which was limited to utilities with at least 100,000 residential customers, but many of those included scored well.

 

HTMLAdviser Liable for Causing Prime Brokers’ Books and Records Violations
Sutherland Asbill Brennan LLP;
Legal Alert/Article
July 21, 2015, previously published on July 20, 2015
In an interesting case, the SEC instituted cease-and-desist proceedings, pursuant to Section 21C of the Exchange Act, against a large private fund manager for providing inaccurate trade data to four of its prime brokers. The SEC asserted that the investment adviser caused the prime brokers to make...

 

HTMLISDA Publishes EMIR Classification Letter
Brian Barrett, Daphne G. Frydman, Catherine M. Krupka, David T. McIndoe, Mark D. Sherrill; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
July 21, 2015, previously published on July 20, 2015
On July 13, the International Swaps and Derivatives Association, Inc. (ISDA) published the ISDA EMIR Classification Letter (the Classification Letter), a form of letter that may be used by market participants managing their regulatory obligations under the European Market Infrastructure Regulation...

 

HTMLCrowley Maritime Adds 16 ISO Tanks to Meet LNG Demand
Sutherland Asbill Brennan LLP;
Legal Alert/Article
July 21, 2015, previously published on July 20, 2015
Crowley Maritime Corporation announced that, in response to high customer demand, it has acquired 16 additional ISO tanks for its affiliate Carib Energy to supply LNG sourced from the United States to customers in Puerto Rico, the Caribbean and Central America. According to the press release, the...

 

HTMLGreat River Energy Offers Electric Vehicle Users 100% Wind Charge at No Extra Expense
Sutherland Asbill Brennan LLP;
Legal Alert/Article
July 21, 2015, previously published on July 20, 2015
In June Minnesota-based generation and transmission cooperative Great River Energy (GRE) and its members rolled out their new “Revolt” program, which allows electric vehicle (EV) users to charge their vehicles using 100 percent wind energy at no extra expense. Consumers pay standard...

 

HTMLNew Law Doubles the Penalties for Failure to File Correct Tax Information Returns and Provide Payee Statements
Robert S. Chase, Paul R. Lang, Mary E. Monahan, David A. Roby, Vanessa A. Scott; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
July 21, 2015, previously published on July 20, 2015
On June 29, President Obama signed into law the Trade Preferences Extension Act of 2015. Quietly embedded in Section 806 of this new law is a provision that doubled the cap on penalties, from $1.5 million to $3 million, for failures to file correct tax information returns and provide payee...

 

HTMLA Reasonable Result in Massachusetts: Related Party Interest Deductions Allowed Under the Unreasonable Exception
Open Weaver Banks, Stephen A. Burroughs, Jonathan A. Feldman; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
July 21, 2015, previously published on July 20, 2015
In a significant taxpayer win, the Massachusetts Appellate Tax Board (ATB) held that intercompany interest payments from a wholly owned subsidiary to Massachusetts Mutual Life Insurance Company (MassMutual) were bona fide loans and were deductible for excise tax purposes. The subsidiary (HoldCo)...

 

HTMLBear Head LNG Receives DOE Approval to Export LNG from Canada to FTA Countries
Sutherland Asbill Brennan LLP;
Legal Alert/Article
July 21, 2015, previously published on July 20, 2015
Bear Head LNG announced that the U.S. Department of Energy (DOE) has granted Bear Head LNG Corporation and Bear Head LNG (USA), LLC authorization (1) to export up to 440 Bcf/year of U.S. natural gas to supply Bear Head LNG’s proposed liquefaction and LNG export terminal on the Strait of...

 


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