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HTMLConjunction Junction: Michigan Supreme Court Holds "And" Means "And" for Use Tax Exemption
Nicole D. Boutros, Timothy Gustafson, Timothy A. Gustafson; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
July 24, 2014, previously published on July 21, 2014
The Michigan Supreme Court held that a taxpayer claiming a Michigan use tax exemption for sales tax “due and paid” on its purchases of tangible personal property must demonstrate that it actually paid sales tax on such property. The taxpayer provided a marine transportation service to...

 

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.

 

HTMLWyoming DOR Publishes Guidance Addressing the Sales Tax Treatment of Cloud Computing Services
Sutherland Asbill Brennan LLP;
Legal Alert/Article
July 24, 2014, previously published on July 21, 2014
The Wyoming Department of Revenue has published guidance addressing the sales tax treatment of a broad range of computer sales and services, including cloud computing, web hosting, and data storage.

 

HTMLWatson Island LNG and the City of Prince Rupert, B.C. Sign Exclusivity Agreement for Export Terminal
Sutherland Asbill Brennan LLP;
Legal Alert/Article
July 24, 2014, previously published on July 17, 2014
On Wednesday, Watson Island LNG Corp. (WILNG) and the City of Prince Rupert, British Columbia, announced that they have entered into an exclusivity agreement for an LNG export terminal. Under the agreement, WILNG will re-purpose Watson Island, B.C. into a small LNG export terminal. Mayor Jack...

 

HTMLFERC Begins Pre-Filing Environmental Review of Louisiana LNG Energy Terminal
Sutherland Asbill Brennan LLP;
Legal Alert/Article
July 24, 2014, previously published on July 21, 2014
FERC has approved Louisiana LNG Energy, LLC’s (LLE) application to initiate the pre-filing environmental review process for LLE’s proposed Mississippi River Liquefied Natural Gas export facility in Plaquemines Parish, La. on the east bank of the Mississippi River. LLE proposes to...

 

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...

 

HTMLWorld Bank to Help Finance World’s First Floating Liquefaction Plant
Sutherland Asbill Brennan LLP;
Legal Alert/Article
July 24, 2014, previously published on July 17, 2014
Bloomberg News reports that the International Finance Corp. (IFC), a member of the World Bank Group focused exclusively on the private sector, will help finance a $300 million project to develop the world’s first floating LNG liquefaction plant, which will be located in Colombia. The project...

 

HTMLCorpus Christi and EDF Sign 20-Year SPA
Sutherland Asbill Brennan LLP;
Legal Alert/Article
July 24, 2014, previously published on July 18, 2014
Cheniere Energy, Inc. announced in a news release that its subsidiary, Corpus Christi Liquefaction, LLC, entered into a liquefied natural gas (“LNG”) sale and purchase agreement (“SPA”) with Électricité de France, S.A. (“EDF”). Under the SPA, EDF...

 

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...

 

HTML$11.6 Million Asbestos-Exposure Verdict In Texas Not Supported By Sufficient Evidence
Sutherland Asbill Brennan LLP;
Legal Alert/Article
July 24, 2014, previously published on July 18, 2014
The Supreme Court of Texas held last week that the standard of substantial factor causation previously recognized by the court in asbestosis cases also applies to mesothelioma cases. The case involved claims by the estate of a 40-year old individual who died from mesothelioma against 40 defendants...

 


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