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HTMLFERC Disclaims Jurisdiction Over Inland Facility Producing LNG for Export
Sutherland Asbill Brennan LLP;
Legal Alert/Article
April 7, 2015, previously published on April 6, 2015
FERC has issued an order disclaiming jurisdiction pursuant to section 3 of the Natural Gas Act over Pivotal LNG and its affiliates’ inland U.S. facilities, which produce LNG that may ultimately be exported. FERC ruled that its section 3 LNG terminal jurisdiction extends to a facility that is...

 

HTMLUpdate on Cybersecurity Issues - New York Section 308 Letter & NAIC Spring National Meeting
Ellen M. Dunn, Daniel E. Frank, Mark D. Herlach, John S. Pruitt, Stephen E. Roth; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
April 6, 2015, previously published on April 2, 2015
Cybersecurity continues to be an emerging regulatory issue in the insurance industry, as evidenced by recent actions taken by the New York Department of Financial Services (the “DFS”) and the National Association of Insurance Commissioners (the “NAIC”). Specifically, in a...

 

HTMLLouisiana Court Gives Taxpayer the Edge: Trade-In Credits Reduce Sales Tax Base
Open Weaver Banks, Suzanne M. Palms; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
April 6, 2015, previously published on April 2, 2015
The Louisiana Court of Appeal held that GameStop, a video game retailer, correctly applied trade-in credits to reduce the sales price of new items in determining local sales tax due. GameStop accepted used games from its customers in exchange for a trade-in amount on a stored value card (an...

 

HTMLHedge Fund Standards Board Proposes Changes to Its Standards
Sutherland Asbill Brennan LLP;
Legal Alert/Article
April 6, 2015, previously published on April 3, 2015
The Hedge Fund Standards Board (HFSB), an industry-based, non-governmental standard setting body for the hedge fund industry, recently proposed changes to its standards in order to, among other things, improve disclosure of conflicts of interest to investors.

 

HTMLPhone (Your Out-of-State) Home: Mississippi Court Declares Discriminatory Dividend Exclusion Statute is Unconstitutional
Charles C. Capouet, Timothy A. Gustafson; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
April 6, 2015, previously published on April 2, 2015
The Mississippi Chancery Court held that the state’s dividend exclusion statute is unconstitutional because it violates the Commerce Clause of the U.S. Constitution. The statute excludes from a taxpayer’s gross income intercompany dividends received from domestic affiliates doing...

 

HTMLNRECA Pleased with U.S. Fish and Wildlife Service’s Designation of Northern Long-Eared Bat as “Threatened”
Sutherland Asbill Brennan LLP;
Legal Alert/Article
April 6, 2015, previously published on April 3, 2015
The U.S. Fish and Wildlife Service classified the long-eared bat as “threatened” rather than “endangered” allowing electric co-ops to maintain power lines and rights-of-way in the species’ habitat. Had the FWS designated the bat as “endangered” co-ops would...

 

HTMLIssuance of an Executive Order Related to Significant Malicious Cyber-Enabled Activities
Sutherland Asbill Brennan LLP;
Legal Alert/Article
April 6, 2015, previously published on April 2, 2015
Yesterday, April 1, the President signed an Executive Order, “Blocking the Property of Certain Persons Engaging in Significant Malicious Cyber-Enabled Activities.” This authority allows for the imposition of sanctions on individuals and entities determined to be responsible for or...

 

HTMLSecond Circuit Denies Rehearing of Insider Trading Cases Against Newman and Chiasson
Sutherland Asbill Brennan LLP;
Legal Alert/Article
April 6, 2015, previously published on April 3, 2015
Today, the Second Circuit Court of Appeals entered an order denying the U.S. Government’s petition for rehearing and, in the alternative, rehearing en banc of the insider trading cases against Newman and Chiasson. United States v. Newman, No. 13-1837 (2d Cir. Apr. 3, 2015), ECF No. 366. The...

 

HTMLPresident Issues Executive Order Establishing New Sanctions Regime to Combat Cyber Attack Threats
Sutherland Asbill Brennan LLP;
Legal Alert/Article
April 6, 2015, previously published on April 3, 2015
On April 1, 2015, President Obama issued Executive Order 13694, which effectively establishes a new sanctions regime designed to combat cyber-attack threats. Specifically, this Executive Order grants authority to the Secretary of the Treasury, in consultation with the Attorney General and the...

 

HTMLGeorgia's Transportation Bill Signals 2016 Tax Reform
Stephen A. Burroughs, Jonathan A. Feldman; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
April 2, 2015, previously published on April 1, 2015
Following up on our coverage of Georgia tax reform, late last night the Georgia Assembly passed a committee substitute to the House’s Transportation Funding Bill, H.B. 170. The bill represents a compromise of the House and Senate proposals, establishing a 26-cents-per-gallon excise tax on...

 


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