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HTMLD.C. Circuit Court’s Surprising Ruling on Chinese CFIUS Case May Result in Greater Transparency in Certain National Security Proceedings
Jeffrey P. Bialos, Amanda R. Callais, Mark D. Herlach; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
July 24, 2014, previously published on July 21, 2014
On July 15, the United States Court of Appeals for the District of Columbia Circuit ruled that the President violated the due process rights of Ralls Corporation, a U.S. company owned by two Chinese nationals when, pursuant to Section 721 of the U.S. Defense Production Act...

 

HTMLConcerns Raised Over EPA Proposal for Upgraded Pollution Controls at Utah Coal Power Plant
Sutherland Asbill Brennan LLP;
Legal Alert/Article
July 24, 2014, previously published on July 18, 2014
The U.S. Environmental Protection Agency (EPA) is considering a requirement that Deseret Power Electric Cooperative install upgraded pollution controls at its Bonanza Power Plant in Utah. A group of residents, businesses and community groups have raised concerns that the plant may be shut down if...

 

HTMLRequired Summer Reading: Guidance Issued on the Tax Treatment of Guaranteed Minimum Benefit Hedges and Identified Mixed Straddles
Dennis L. Allen, Thomas A. Gick, Jerome B. Libin, Jeffrey H. Mace, Michael R. Miles; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
July 24, 2014, previously published on July 23, 2014
Treasury and the IRS offered two pieces of highly anticipated guidance on July 18 that are particularly relevant to the life insurance industry.

 

HTMLGeorgia Supreme Court Applies the Business Judgment Rule to Bank Officers and Directors; Decision Has Implications for Corporate Officers and Directors
Maia Cogen, Patricia A. Gorham, Gabriel A. Mendel, W. Scott Sorrels, Yvonne M. Williams-Wass; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
July 24, 2014, previously published on July 18, 2014
In a landmark ruling for officers and directors of Georgia’s financial institutions, the Supreme Court of Georgia held in FDIC v. Loudermilk, S14Q0454 (Ga. July 11, 2014), that officers and directors of banks are protected by the business judgment rule, which affords officers and directors a...

 

HTMLISDA Section 2(a)(iii) Amendment Limits Prerogatives of Non-Defaulting Parties
James M. Cain, Daphne G. Frydman, David T. McIndoe, Mark D. Sherrill, R. Michael Sweeney; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
July 24, 2014, previously published on July 22, 2014
On June 19, the International Swaps and Derivatives Association (ISDA) published a long-awaited standard amendment to Section 2(a)(iii) of the ISDA Master Agreement (the Master Agreement). Section 2(a)(iii) of the Master Agreement (Section 2(a)(iii)) is a condition precedent that suspends a...

 

HTMLFERC Grants Extension of Time for Comments on Dominion Cove Point LNG
Sutherland Asbill Brennan LLP;
Legal Alert/Article
July 18, 2014, previously published on July 16, 2014
FERC issued a notice granting Patuxent Riverkeeper, an environmental group, an extension of time until August 1, 2014, to comment on privileged and Critical Energy Infrastructure Information (“CEII”) documents. Patuxent Riverkeeper received the documents after a June 13, 2014 FERC order...

 

HTMLDefendants Win Summary Judgment In Australian Plane Crash Case In Illinois Federal Court
Sutherland Asbill Brennan LLP;
Legal Alert/Article
July 18, 2014, previously published on July 16, 2014
The estate administrators of victims of an Australia plane crash sued three companies in the United States alleging that the pilots’ navigational charts and the plane’s ground proximity warning system (“GPWS”) caused the crash. In granting the defendants’ motion for...

 

HTMLGlobal Infrastructure Partners Purchases Stake in Freeport LNG
Sutherland Asbill Brennan LLP;
Legal Alert/Article
July 18, 2014, previously published on July 15, 2014
Global Infrastructure Partners (GIP), a U.S. based, independent global infrastructure investor, announced its decision to buy 25% of Freeport LNG Development LP for $850 million from Hastings Funds Management Ltd. of Australia. Freeport LNG is a holding company for the LNG receiving and...

 

HTMLCameron Parish Supports SCT&E LNG Project
Sutherland Asbill Brennan LLP;
Legal Alert/Article
July 18, 2014, previously published on July 16, 2014
SCT&E LNG went before the Cameron Parish Police Jury to formally announce the twelve million metric tons per annum (mtpa) Liquefaction Project on Monkey Island. At the meeting, the Cameron Parish Police Jury announced its decision to fund a $150,000 feasibility study to determine the construction...

 

HTMLUSDA to Fund Electric System Improvements in Rural Areas
Sutherland Asbill Brennan LLP;
Legal Alert/Article
July 18, 2014, previously published on July 16, 2014
The United States Department of Agriculture (USDA) announced that it will invest more than $250 million in loan proceeds to help improve the reliability of electric systems in rural areas in eight states. A portion of the funds will be used to modernize the systems with smart grid improvements.

 


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