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Adobe PDFHere’s the Deal: Georgia Governor Signs Several Significant Tax Bills
Michele Borens, Jonathan A. Feldman, Jeffrey A. Friedman, Todd A. Lard, Carley A. Roberts; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
May 11, 2016, previously published on May 10, 2016
Following the conclusion of Georgia’s 2016 legislative session, Governor Nathan Deal signed into law several tax bills touching on a wide range of tax matters, including sales and use taxes, property taxes, corporate income taxes and state tax credits.

 

HTMLFERC Authorizes Two Additional Trains for Cameron LNG
Sutherland Asbill Brennan LLP;
Legal Alert/Article
May 11, 2016, previously published on May 9, 2016
FERC has issued an order authorizing Cameron LNG to construct and operate a fifth 160,000-cubic meter (m3) LNG storage tank, which would store LNG pending export, and two additional liquefaction trains, Trains 4 and 5, each with a liquefaction capability of 4.985 million metric tonnes per annum...

 

HTMLChanges to Trading Documentation Will be Necessary to Recognize Regulatory Stays of Termination Rights
Sutherland Asbill Brennan LLP;
Legal Alert/Article
May 11, 2016, previously published on May 10, 2016
On May 3, 2016, the Federal Reserve Board released a proposed rule (Proposed Rule) which would “require U.S. global systemically important banking institutions (GSIBs) and the U.S. operations of foreign GSIBs to amend contracts for common financial transactions to prevent the immediate...

 

HTMLIRS Notice Offers Relief to Issuers of Variable Insurance Products in Response to Pending Money Market Fund Reforms
Dennis L. Allen, Frederick R. Bellamy, Thomas A. Gick, Michael R. Miles, Mary E. Monahan; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
May 11, 2016, previously published on May 11, 2016
On May 5, 2016, the IRS issued Notice 2016-32, 2016-21 I.R.B. 1, which affords relief with respect to the application of the diversification requirements of IRC § 817(h) to variable life insurance and annuity contracts (collectively, variable insurance products) that offer government money...

 

HTMLRio Grande LNG Files FERC Application
Sutherland Asbill Brennan LLP;
Legal Alert/Article
May 11, 2016, previously published on May 9, 2016
Rio Grande LNG, LLC and Rio Bravo Pipeline Company, LLC (together, Applicants) have filed an application with FERC for authorization to site, construct and operate liquefaction and LNG export terminal facilities in the Brownsville Navigation District in Cameron County, Texas and an interconnected...

 

HTMLAlaska Coop to Receive $8 Million from FEMA
Sutherland Asbill Brennan LLP;
Legal Alert/Article
May 11, 2016, previously published on May 9, 2016
Alaska Village Electric Cooperative (Village Electric), located in Anchorage, Alaska, will be receiving more than $8 million from the Federal Emergency Management Agency (FEMA) to repair damages from a devastating 2013 storm. The storm produced 90 mph winds and significant flooding within Village...

 

HTMLWoodfibre LNG Affiliate Signs Heads of Agreement with Chinese Customer
Sutherland Asbill Brennan LLP;
Legal Alert/Article
May 11, 2016, previously published on May 10, 2016
Woodfibre LNG Limited (Woodfibre LNG) announced that its Singapore-based affiliate, Woodfibre LNG Export Pte Ltd., has signed a Heads of Agreement with Guangzhou Gas Group Co., Ltd., for potential LNG offtake of 1 million tonnes/year LNG for 25 years starting in 2020. The LNG will be sourced from...

 

HTMLNew Jersey Senate Considers Regulations for Ride Sharing Companies
Sutherland Asbill Brennan LLP;
Legal Alert/Article
May 11, 2016, previously published on May 10, 2016
A bill was recently introduced in the New Jersey state senate that would impose new safety standards for ride sharing companies, like Uber and Lyft, operating in New Jersey. The bill, the Transportation Network Company Safety and Regulatory Act, would require background checks for all ride share...

 

HTMLGM and Lyft Plan to Test Self-Driving Taxis in 2017
Sutherland Asbill Brennan LLP;
Legal Alert/Article
May 11, 2016, previously published on May 11, 2016
General Motors and Lyft have announced plans to roll out a fleet of self-driving taxis in an unidentified urban area in 2017. The plan, part of ongoing tests of GM’s automated driving technology, is the culmination of GM’s $500 million dollar investment in Lyft and $1 billion dollar...

 

HTMLNot on the Same Wavelength: Receipts from Radio Advertising Must Be Sourced to Texas When Broadcast from the State
Michael J. Kerman, Amy F. Nogid; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
May 11, 2016, previously published on May 9, 2016
The Texas Comptroller of Public Accounts concluded that a Texas-based national radio network must apportion its advertising receipts based on the ratio of radio stations that license and broadcast its programming from Texas compared to the total number of radio stations that license and broadcast...

 


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