Law360: Project Finance /projectfinance?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Project Finance Copyright 2025 ÃÛÌÒÊÓÆµ. en-US Fri, 16 May 2025 21:20:37 +0000 'Tuna Bond' Defendants Ordered To Pay $352M In Restitution /projectfinance/articles/2341572?utm_source=rss&utm_medium=rss&utm_campaign=section /projectfinance/articles/2341572 A Brooklyn federal judge ordered three former Credit Suisse bankers and the former finance minister of Mozambique to pay a combined $352 million in restitution Friday after they pled guilty or were convicted of scheming to defraud investors in a $2 billion state-backed development initiative involving tuna fishing. Fri, 16 May 2025 16:26:21 +0000 Canadian Geothermal Co. STS Hits Ch. 15 With Sale Plan /projectfinance/articles/2341384?utm_source=rss&utm_medium=rss&utm_campaign=section /projectfinance/articles/2341384 Toronto-based geothermal energy company STS Renewables Ltd. and affiliates have filed for Chapter 15 protection in Delaware bankruptcy court seeking recognition of a Canadian insolvency proceeding designed to help the company sell its assets. Fri, 16 May 2025 11:22:21 +0000 $38M Law Firm Settlement Highlights 'Unworthy Client' Perils /projectfinance/articles/2339525?utm_source=rss&utm_medium=rss&utm_campaign=section /projectfinance/articles/2339525 A recent settlement of claims against law firm Eckert Seamans for allegedly abetting a Ponzi scheme underscores the continuing threat of clients who seek to exploit their lawyers in perpetrating fraud, and the critical importance of preemptive measures to avoid these clients, say attorneys at Lockton Companies. Thu, 15 May 2025 23:26:02 +0000 $666M Pipeline Verdict 'Poster Child' For Reduction, Judge Told /projectfinance/articles/2336939?utm_source=rss&utm_medium=rss&utm_campaign=section /projectfinance/articles/2336939 Lawyers for Greenpeace urged a North Dakota state judge Thursday to significantly reduce a $666 million verdict over claims that it falsely disparaged the Dakota Access pipeline amid environmental protests, with the jury having awarded ten times more on certain claims than even the pipeline's builder wanted. Thu, 15 May 2025 22:26:18 +0000 Clifford Chance Adds Arbitration Expert From Pinsent Masons /projectfinance/articles/2339951?utm_source=rss&utm_medium=rss&utm_campaign=section /projectfinance/articles/2339951 Clifford Chance LLP has boosted its international arbitration practice by hiring a lawyer from Pinsent Masons LLP, saying she has broad experience in matters involving Spain and has been appointed to serve as a partner on the global law firm's litigation and dispute resolution team. Thu, 15 May 2025 18:04:26 +0000 House Tax Bill's Foreign Rules May Finish Off Energy Perks /projectfinance/articles/2339984?utm_source=rss&utm_medium=rss&utm_campaign=section /projectfinance/articles/2339984 House Republicans' mammoth tax bill proposes phasing out two popular clean electricity business tax credits, but additional restrictions on eligible development projects' foreign business ties could have the same effect as immediately repealing them. Thu, 15 May 2025 18:01:18 +0000 Battery Recycler Cites 'Green' Funding Uncertainties In Ch. 15 /projectfinance/articles/2340817?utm_source=rss&utm_medium=rss&utm_campaign=section /projectfinance/articles/2340817 Lithium battery recycler Li-Cycle asked a New York bankruptcy judge to recognize its Canadian insolvency, saying the current political climate has made investors wary of infusing money needed to tap a $475 million U.S. federal loan. Thu, 15 May 2025 17:02:00 +0000 Teaching Business Law Makes Me A Better Lawyer /projectfinance/articles/2315231?utm_source=rss&utm_medium=rss&utm_campaign=section /projectfinance/articles/2315231 Teaching business law to college students has rekindled my sense of purpose as a lawyer — I am more mindful of the importance of the rule of law and the benefits of our common law system, which helps me maintain a clearer perspective on work, says David Feldman at Feldman Legal Advisors. Thu, 15 May 2025 16:47:29 +0000 Feds' Memo In Filing Mishap Is Privileged, NY Judge Says /projectfinance/articles/2340706?utm_source=rss&utm_medium=rss&utm_campaign=section /projectfinance/articles/2340706 A New York federal judge has determined that the federal government's mistakenly filed memo in litigation over Manhattan's congestion pricing program is privileged and cannot be cited in the parties' arguments, but the memo won't be sealed because it's already been widely reported on. Thu, 15 May 2025 10:07:07 +0000 Lima Accuses Foley Hoag Of Conflict In $200M Award Case /projectfinance/articles/2340065?utm_source=rss&utm_medium=rss&utm_campaign=section /projectfinance/articles/2340065 The Peruvian city of Lima has urged a D.C. federal court to vacate its confirmation of about $200 million in arbitral awards favoring a highway contractor, saying the municipality's former counsel at Foley Hoag LLP concealed a conflict of interest. Wed, 14 May 2025 20:47:53 +0000 HUD Allocates $1.1B For Tribal Affordable Housing Initiatives /projectfinance/articles/2340013?utm_source=rss&utm_medium=rss&utm_campaign=section /projectfinance/articles/2340013 The U.S. Department of Housing and Urban Development will allocate more than $1.1 billion in Indian Housing Block Grant funding to support affordable housing efforts in Native American tribal communities, HUD announced Tuesday. Wed, 14 May 2025 13:52:50 +0000 Law School's Missed Lessons: Mastering Discovery /projectfinance/articles/2338662?utm_source=rss&utm_medium=rss&utm_campaign=section /projectfinance/articles/2338662 The discovery process and the rules that govern it are often absent from law school curricula, but developing a solid grasp of the particulars can give any new attorney a leg up in their practice, says Jordan Davies at Knowles Gallant. Wed, 14 May 2025 11:54:56 +0000 Kirkland-Led Northleaf Clinches $2.6B Infrastructure Fund /projectfinance/articles/2339666?utm_source=rss&utm_medium=rss&utm_campaign=section /projectfinance/articles/2339666 Kirkland & Ellis LLP-advised Northleaf Capital Partners has wrapped its fourth infrastructure fund above target after securing $2.6 billion of investor commitments, marking the firm's largest infrastructure fund to date. Tue, 13 May 2025 21:11:26 +0000 Judge Won't Limit Foreign Aid Freeze Injunction /projectfinance/articles/2339654?utm_source=rss&utm_medium=rss&utm_campaign=section /projectfinance/articles/2339654 A D.C. federal judge on Tuesday declined to commit to lifting part of a preliminary injunction requiring President Donald Trump's administration to release funding for foreign aid work done before Feb. 13, saying a recent U.S. Supreme Court decision does not change the analysis of his ruling. Tue, 13 May 2025 18:01:01 +0000 States Grapple With Feds Revoking Digital Equity Grants /projectfinance/articles/2339522?utm_source=rss&utm_medium=rss&utm_campaign=section /projectfinance/articles/2339522 States that received grant money under the $2.75 billion Digital Equity Act are scrambling to figure out their next steps after the Trump administration called the program "unconstitutional" and cut off their funding in recent days. Tue, 13 May 2025 16:36:34 +0000 Insurers Say McCarter Can't Blame NY Town In $22M Loan Suit /projectfinance/articles/2338701?utm_source=rss&utm_medium=rss&utm_campaign=section /projectfinance/articles/2338701 Two insurers asked a Connecticut judge to nix four of McCarter & English LLP's defenses in a $22.3 million lawsuit over the firm's role in crafting loans for recreational improvements in a Long Island, New York, town, saying the firm can't blame municipal officials while defending contract and malpractice claims. Mon, 12 May 2025 20:45:41 +0000 Asbestos Spiked Cost To Demolish Power Plant, Suit Says /projectfinance/articles/2339025?utm_source=rss&utm_medium=rss&utm_campaign=section /projectfinance/articles/2339025 A subcontractor doing demolition at a former Boston power plant undergoing redevelopment says it is owed more than $22 million for additional work after finding hidden pockets of asbestos in multiple locations. Mon, 12 May 2025 18:17:42 +0000 Calif. Tribe Can't Halt Decision On $700M Casino, Feds Say /projectfinance/articles/2338902?utm_source=rss&utm_medium=rss&utm_campaign=section /projectfinance/articles/2338902 The U.S. Department of the Interior has urged a D.C. federal court to reject a California tribe's bid to temporarily block the department's decision to rescind gambling eligibility for a $700 million casino project. Mon, 12 May 2025 17:21:14 +0000 Balancing Deep-Sea Mining Executive Order, Int'l Agreements /projectfinance/articles/2338047?utm_source=rss&utm_medium=rss&utm_campaign=section /projectfinance/articles/2338047 President Donald Trump's recent executive order directing exploration and exploitation of deep-sea mineral resources appears to conflict with the evolving international framework regulating such activities, so companies and investors should proceed with care and keep possible future legal challenges in mind, say attorneys at Dentons. Mon, 12 May 2025 16:59:23 +0000 Will Justices Finally Rein In Universal Injunctions? /projectfinance/articles/2336090?utm_source=rss&utm_medium=rss&utm_campaign=section /projectfinance/articles/2336090 The U.S. Supreme Court is expected to address for the first time Thursday the propriety of universal injunctions, a tool federal judges have increasingly used to broadly halt presidential orders and policy initiatives, and whose validity has haunted the high court's merits and emergency dockets for more than a decade.