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HTMLCloud-Based Services Not Subject to Georgia Sales and Use Tax
Jessica L. Kerner, Pilar Mata; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
October 3, 2014, previously published on September 29, 2014
The Georgia Department of Revenue determined that a company’s cloud-based applications and related services are not subject to Georgia sales and use tax. The company maintains and operates hardware and software on servers located outside of Georgia that it uses to support its customers’...

 

HTMLRegulators Publish Re-proposed Margin Requirements for Uncleared Swaps
James M. Cain, Warren N. Davis, Daphne G. Frydman, David T. McIndoe, R. Michael Sweeney; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
October 2, 2014, previously published on September 24, 2014
On September 3, 2014, the Board of Governors of the Federal Reserve System (the Board) jointly adopted, with certain federal banking regulators, re-proposed rules that will require registered swap dealers, security-based swap dealers, major swap participants and major security-based swap...

 

HTMLLargest SEC Whistleblower Award Could Have Been Larger
Thomas R. Bundy, Patricia A. Gorham, Cheryl L. Haas, Cynthia M. Krus, Allegra J. Lawrence-Hardy; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
October 1, 2014, previously published on September 25, 2014
On September 22, 2014, the U.S. Securities and Exchange Commission announced the largest-ever whistleblower award, more than double last year’s record-breaking award. According to the Order, the award, which will likely exceed $30 million, could have been even larger if the whistleblower had...

 

HTMLNew York Tax Appeals Tribunal Reverses “Distorted” Knowledge Learning Decision and Provides Guidance for Proving Substantial Intercorporate Transactions
Michele Borens, Jonathan A. Feldman, Jeffrey A. Friedman, Todd A. Lard, Carley A. Roberts; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
October 1, 2014, previously published on Septmeber 25, 2014
On September 18, 2014, the New York State Tax Appeals Tribunal (Tribunal) decided its first combination case addressing the 2007 changes to New York’s combined reporting regime: Matter of Knowledge Learning Corporation and Kindercare Learning Centers, Inc., DTA Nos. 823962 & 823963 (N.Y....

 

HTMLReuters Discusses Asian Utilities’ Sales of U.S. LNG Supplies to Europe
Sutherland Asbill Brennan LLP;
Legal Alert/Article
September 30, 2014, previously published on September 22, 2014
An article by Reuters discusses attempts by Japanese and Indian utilities to divert some of their contracted-for U.S. LNG supplies to Europe amidst the companies’ realizations that their home markets will not be able to absorb the initial influx of LNG supply. The article also notes that a...

 

HTMLTexas Coop Files Suit Over Interpretation of Purchase Agreement
Sutherland Asbill Brennan LLP;
Legal Alert/Article
September 30, 2014, previously published on September 26, 2014
Brazos Electric Power Cooperative, Inc. filed suit against San Miguel Electric Cooperative, Inc. in Texas federal court on Thursday seeking interpretation of a power purchase agreement between the parties. Under the agreement, Brazos purchases electricity from San Miguel’s 400-megawatt...

 

HTMLOregon Again Delays Coastal Zone Management Act Consistency Review for Another 90 Days
Sutherland Asbill Brennan LLP;
Legal Alert/Article
September 30, 2014, previously published on September 26, 2014
The Oregon Department of Land Conservation and Development (DLCD) and Oregon LNG have entered into an agreement for a further stay until January 28, 2015, of DLCD’s decision under the Coastal Zone Management Act (CZMA) on whether Oregon LNG’s proposed LNG import and export terminal is...

 

HTMLCoops among Recipients of USDA Rural Development Loans and Grants
Sutherland Asbill Brennan LLP;
Legal Alert/Article
September 30, 2014, previously published on September 25, 2014
The U.S. Department of Agriculture (USDA) has announced $59 million in funding to support businesses and promote economic growth in rural communities. Coops are among the recipients through the Rural Economic Development Loan and Grant Program, which provides zero-interest loans to rural utilities...

 

HTMLLNG Export Terminal Possible for Galveston
Sutherland Asbill Brennan LLP;
Legal Alert/Article
September 30, 2014, previously published on September 24, 2014
Petro Global News reports that officials from the Port of Galveston, Texas agreed Monday to reserve 185 acres at the port’s Pelican Island site for a proposed $6 billion LNG export facility being planned by Texas-based NextDecade Energy (“NextDecade”). According to the report,...

 

HTMLPivotal LNG to Sell LNG to Carib Energy for Transport to Puerto Rico
Sutherland Asbill Brennan LLP;
Legal Alert/Article
September 30, 2014, previously published on September 24, 2014
Pivotal LNG, Inc. (“Pivotal”) has announced that it has entered into a long-term agreement to sell LNG to Crowley Maritime Corp. (“Crowley”) subsidiary Carib Energy LLC (“Carib”), for use by Carib’s customers in Puerto Rico. According to the press release,...

 


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