Energy Tax Expert Todd Lowther Joins Clifford Chance to Bolster Houston Practice

Clifford Chance announced this week that Todd Lowther has joined the firm as a partner in the tax practice of its Houston office, thereby expanding their tax practice team. This addition increases the capability and depth of the firm’s energy sector taxation specialization, mirroring the requirement of its expansive and diverse clientele. Tax operations, especially…

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Norfolk Southern Agrees to $600M Settlement in East Palestine Derailment Class-Action Lawsuit

Norfolk Southern Corporation (NSC) has announced a tentative settlement of $600 million in a class-action lawsuit resulting from the February 2023 freight train derailment in East Palestine, Ohio. The settlement was described as aimed at providing “finality and flexibility for the class members”, allowing them the freedom to utilise their compensation to deal with potential…

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DC Bar Ethics Committee Cites Former DOJ Official for Post-Election Misconduct

Following a week of testimony, a preliminary recommendation has been issued by an ethics committee from the DC Bar investigating former Department of Justice (DOJ) official, Jeffrey Clark. The ruling asserts violations of ethical conduct in his actions after the last election. Although non-binding, it underpins the DC Disciplinary Counsel’s ongoing campaign to disbar Clark….

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Pioneer Natural Resources Defends Judge’s Role in Antitrust Lawsuit Amid ExxonMobil Stock Conflict

Pioneer Natural Resources Co., a major player in the oil and gas industry, recently disputed pleas by gasoline buyers to disqualify a Nevada federal judge from presiding over an antitrust lawsuit. This lawsuit stems from the judge’s personal ownership of stock in ExxonMobil Corp., another prominent oil and gas company. Pioneer Natural Resources argues that…

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Eighth Circuit to Examine SEC’s Controversial Climate Disclosure Rule Amid Legal Challenges

The Securities and Exchange Commission (SEC)’s controversial climate rule will face legal scrutiny at the Eighth Circuit, as a result of a lottery drawing by The Judicial Panel on Multidistrict Litigation. This rule requires public companies to disclose their greenhouse gas emissions and other climate-related information to investors. The litigation consolidates nine challenges from different…

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Peru: Parliamentary Vote Eases Restrictions on Unregulated Miners Amid Rising Environmental and Human Risks

In one of the recent significant developments in Peru, the country’s parliamentary vote has allowed unregulated miners more leeway in their activities. This regulatory decision offers a clear insight into how the Peruvian authorities are trying to manage one of the country’s most critical sectors – the mining industry. As reported by the law students…

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FTC Seeks Public Input on XCL Resources’ Acquisition Amid Oil and Gas Sector Consolidation Concerns

The US Federal Trade Commission (FTC) is currently reviewing the proposed acquisition of Utah-based Altamont Energy by oil and gas company XCL Resources. This review takes place amidst a noticeable increase in consolidation within the oil and gas sector, which has already prompted related federal antitrust investigations. The FTC made an announcement on Thursday, stating…

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Oil and Gas Industry Consolidation: Navigating Accounting and Reporting Challenges

Deal makers and reports in the oil and gas industry are grappling with a myriad of complexities and intricate regulations surrounding the accounting and reporting aspects of oil and gas deals. Post-transaction, operational efficiency, accounting accuracy, and even overall deal value may potentially be impacted if these challenges are inadequately addressed. While the number of…

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DLA Piper Bolsters Cross-Border Project Finance Practice with New Partner Bruno Soares

In a recent report from Bloomberg Law, it was announced that Bruno Soares has joined DLA Piper. Soares becomes a partner in the firm’s cross-border project finance practice. His appointment is a strategic move designed to bolster DLA Piper’s international capabilities in this field. Soares brings extensive experience in advising on banking, projects, M&A, and…

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Gabon Asserts Sovereignty, Overrides $1.3 Billion Oil Agreement with French Firm

In an intriguing new development, Gabon, a Central African country, has taken over the oil business, effectively overriding an existing $1.3 billion agreement with a French energy company. The international legal community has largely supported Gabon’s move, with legal experts involved stipulating that Gabon is within its rights to assume control of the oil company,…

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Husch Blackwell Bolsters Energy and Environmental Practice with Key Partner Additions

Husch Blackwell, a leading law firm, has secured two significant additions to its energy and natural resources industry group with the recruitment of Brian Potts and David Zoppo. These two individuals will be joining the team as partners, enhancing the firm’s capabilities in its Madison, Wis., office. According to the announcement by Husch Blackwell, Brian…

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Reed Smith Expands Team with Addition of Ex-Governor Fortuño and Disputes Expert Arbisman

Reed Smith has expanded its team with the addition of Luis Fortuño and Juliya Arbisman, both joining the firm as partners after stepping away from their previous roles at Steptoe, according to official statements made by the firm on Thursday. Partner Luis Fortuño becomes part of the regulatory and investigations practice based in Washington, D.C….

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Supreme Court Ruling on Chevron Deference Holds Potential Implications for Clean Air Act

On January 17, 2024, the US Supreme Court heard arguments in two cases, Loper Bright Enterprises, Inc. v. Raimondo and Relentless, Inc. v. Department of Commerce, challenging the legal principle known as Chevron deference. This principle, established in Chevron U.S.A., Inc. v. Natural Resources Defense Council, holds that courts should defer to a federal agency’s…

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Supreme Court Cases Challenge Chevron Deference, Implications for Administrative Law

On January 17, the US Supreme Court began hearing oral arguments for two notable cases: Relentless v. Department of Commerce and Loper Bright Enterprises v. Raimondo. Legal professionals view these as opportunities for the current court to rethink the judicial doctrine of Chevron deference, which guides courts to defer to reasonable agency interpretations of ambiguous…

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Supreme Court Reconsiders Chevron Deference: Implications for Government Functionality and Regulation

On 17th January, the United States Supreme Court engaged in a heated argument on whether to overturn one of the foundational cases that govern how government agencies interpret laws. The culmination of this debate could dramatically impact the functionality of the government going forward. Forty years ago, in Chevron v. Natural Resources Defense Council, the…

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