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HTMLVirginia Supreme Court Holds That State Tax Commissioner's Interpretation Prevails Over County Commissioner's Interpretation in BPOL Case
Andrew Appleby, Charles Capouet; Sutherland Asbill Brennan LLP;
Legal Alert/Article
February 26, 2015, previously published on February 25, 2015
The Virginia Supreme Court held that the Arlington County Commissioner must defer to the Virginia Tax Commissioner regarding the methodology for calculating a local Business, Professional, and Occupational Licenses tax (“BPOL”) deduction. Arlington County levies a BPOL tax based on the...

 

HTMLSabine Pass LNG Files Monthly Construction Status Report
Sutherland Asbill Brennan LLP;
Legal Alert/Article
February 26, 2015, previously published on February 25, 2015
Sabine Pass LNG filed a report with FERC covering construction activities through November 2014 at its LNG export terminal in Cameron Parish, La. Stage 1 (liquefaction trains 1 and 2) engineering and procurement are 100% complete, and subcontract and direct hire construction work are 58.6% and...

 

HTMLFinancial Institution Cannot Assign Loans Based on Activities of Third Parties, Says Massachusetts Supreme Judicial Court
Zachary Atkins, Prentiss Willson; Sutherland Asbill Brennan LLP;
Legal Alert/Article
February 26, 2015, previously published on February 25, 2015
The Massachusetts Supreme Judicial Court (SJC) refused to allow a taxpayer, a financial institution, to assign its loan portfolios based on the location of third-party loan servicing activities for purposes of calculating its financial institution excise tax property factor. The taxpayer earned...

 

HTMLNinth Circuit Rejects Challenge to Bonus Annuity
Eric A. Arnold, Tracey K. Ledbetter, Stephen E. Roth, Steuart H. Thomsen, Mary Jane Wilson-Bilik; Sutherland Asbill Brennan LLP;
Legal Alert/Article
February 26, 2015, previously published on February 26, 2015
The U.S. Court of Appeals for the Ninth Circuit has affirmed summary judgment for the insurer in a putative RICO class action relating to a bonus indexed annuity. Rejecting the plaintiff’s claims, the court held that the insurer had adequately disclosed and accurately described certain...

 

HTMLInsurance Topics We Will Be Watching in 2015
Bert Adams, Eric A. Arnold, Brian Barrett, B. Scott Burton, Thomas W. Curvin; Sutherland Asbill Brennan LLP;
Legal Alert/Article
February 25, 2015, previously published on February 18, 2015
With the first month of the year behind us, this report outlines major insurance topics that we will be watching throughout 2015.

 

HTMLFERC to Prepare Enviromental Impact Statement for Eagle LNG Partners Jacksonville Project
Sutherland Asbill Brennan LLP;
Legal Alert/Article
February 25, 2015, previously published on February 24, 2015
FERC released notice of its intent to prepare an environmental impact statement (EIS) for Eagle LNG Partners Jacksonville’s proposed LNG production, storage, and export facility on the St. Johns River, Jacksonville, Fla. Comments on the scope of the EIS are due March 26, 2015.

 

HTMLCooperative Bank Makes Large Donation to the NRECA International Foundation
Sutherland Asbill Brennan LLP;
Legal Alert/Article
February 25, 2015, previously published on February 24, 2015
CoBank, a national cooperative bank, recently donated $250,000 to the National Rural Electric Cooperative (NRECA) International Foundation.

 

HTMLCameron LNG Requests FERC Pre-filing Review for Expansion Project
Sutherland Asbill Brennan LLP;
Legal Alert/Article
February 25, 2015, previously published on February 24, 2015
Cameron LNG has filed a request with FERC for initiation of the pre-filing environmental review process for a proposed Expansion Project comprised of two additional liquefaction trains (Trains 4 and 5) and a fifth LNG tank to be located at the Cameron LNG terminal near Hackberry, La. The proposed...

 

HTMLPlanned Visit by Petronas Executives Raises Hopes for B.C. LNG Export Terminal
Sutherland Asbill Brennan LLP;
Legal Alert/Article
February 24, 2015, previously published on February 23, 2015
A planned visit to British Columbia (B.C.) by Petronas executives in March 2015 has raised hopes that Petronas affiliate Pacific NorthWest LNG’s proposed LNG export terminal is still under consideration by the company. Read more in the Globe and Mail report.

 

HTMLCalifornia Joins Maryland and Ohio in Addressing “Price Optimization”
Thomas W. Curvin, John S. Pruitt, Stephen E. Roth, Cynthia R. Shoss, Phillip E. Stano; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
February 24, 2015, previously published on February 23, 2015
The California Insurance Commissioner issued a notice on February 18, 2015 to more than 750 property and casualty insurers doing business in California, announcing that “any use of Price Optimization in the ratemaking/pricing process or in a rating plan is unfairly discriminatory in violation...

 


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