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HTMLPuerto Rico Poised to Enact Bankruptcy-Like Legislation for Certain Revenue Bond Issuers
William W. Kannel, Leonard Weiser-Varon; Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.;
Legal Alert/Article
July 10, 2014, previously published on June 25, 2014
Puerto Rico’s Governor Alejandro Garcia Padilla today introduced debt restructuring legislation which, upon enactment, would provide a judicial debt relief process in Puerto Rico’s courts for certain public corporations, including the Puerto Rico Electric Power Authority...

 

HTMLBe PREPAred: PREPA Bondholders Greet Puerto Rico’s Bankruptcy Legislation With Federal Lawsuit
William W. Kannel, Leonard Weiser-Varon; Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.;
Legal Alert/Article
July 10, 2014, previously published on June 30, 2014
On Saturday, June 28, Puerto Rico’s Governor Padilla signed into effect Puerto Rico’s new bankruptcy law for certain revenue bond issuers. Within 24 hours of the statute’s enactment, two mutual fund complexes owning approximately $1.7 billion in bonds of the Puerto Rico Electric...

 

HTMLMedical Marijuana in Florida: Opportunities and Uncertainties for a Variety of Industries
Berger Singerman LLP;
Legal Alert/Article
July 9, 2014, previously published on June 30, 2014
On Monday, June 16, 2014, Florida Governor Rick Scott signed into law Senate Bill 1030, the Compassionate Medical Cannabis Act of 2014, making Florida the 23rd state in the country to legalize the use of marijuana for medical purposes. Also known as “Charlotte’s Web,” the new law...

 

HTMLEDP to Sign Purchase Agreement for First Supply of LNG to Mainland Central America
Sutherland Asbill Brennan LLP;
Legal Alert/Article
July 9, 2014, previously published on July 3, 2014
Bloomberg News reports that at the end of July, Energia del Pacifico SA (EDP) will sign a purchase agreement for LNG. This purchase will mark the first supply of LNG to mainland Central America. Under the agreement, EDP will purchase 500,000 metric tons of LNG per year for 20 years at prices linked...

 

HTMLCFPB Has Authority to Bring Actions Against a Non-Depository Institution’s Related Persons; Are Payday Lenders Next?
Sherwin F. Root; Sheppard, Mullin, Richter & Hampton LLP;
Legal Alert/Article
July 9, 2014, previously published on June 20, 2014
The Dodd-Frank Wall Street Reform and Consumer Protection Act grants to the U.S. Bureau of Consumer Financial Protection (the “CFPB”) the power to bring actions against “related persons” of non-depository institutions.

 

HTMLNew Florida Limited Liability Act Is Effective
Berger Singerman LLP;
Legal Alert/Article
July 9, 2014, previously published on June 25, 2014
The Florida Revised Limited Liability Act (the “New Florida LLC Act”) is now effective for all limited liability companies organized in Florida on or after January 1, 2014. A limited liability company organized in Florida prior to January 1, 2014 will continue to be governed by the old...

 

HTMLABS and DSME to Jointly Develop an LNG-Fueled Drillship
Sutherland Asbill Brennan LLP;
Legal Alert/Article
July 9, 2014, previously published on July 3, 2014
On Wednesday, the American Bureau of Shipping (ABS) and Daewoo Shipbuilding & Marine Engineering (DSME) announced that they have entered into a joint development project to develop the first LNG-fueled drillship. The project will target the Gulf of Mexico market. Dr. Sung Geun Lee, the CTO and...

 

HTMLThe CFPB Adds Mobile Financial Services to its Contact List; Providers of Such Services Should Be Prepared to Answer the Call
Brett M. Kitt; Greenberg Traurig, LLP;
Legal Alert/Article
July 8, 2014, previously published on June 20, 2014
In an attempt to understand and position itself to respond to technological innovations that are occurring in the consumer financial services market, the Consumer Financial Protection Bureau (CFPB) recently issued a public request for information regarding the use by consumers of mobile electronic...

 

Adobe PDFThe Importance of First Impressions — Getting a Company Ready for a — Financing or Sale
William F. Miller; Pannone Lopes Devereaux & West LLC;
Legal Alert/Article
July 8, 2014
If you are considering applying for a substantial bank loan, seeking capital from equity investors or a possible sale of your company, the very first step in the process should be a thorough review of the company by its own management. According to the old cliché, “You only get one...

 

HTMLIdaho Unclaimed Property Rule: Insurers Must Confirm Whether Insureds Have Died
Thomas W. Curvin, Ellen M. Dunn, Phillip E. Stano, Steuart H. Thomsen, Mary Jane Wilson-Bilik; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
July 8, 2014, previously published on July 1, 2014
In a recently issued notice of rulemaking, the Idaho State Treasurer’s Office has proposed a temporary rule that, if permanently adopted, would alter two key definitional provisions in the state’s unclaimed property laws relating to life insurance policies and annuity contracts. The...

 


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