International Law & Trade, Energy & Utilities Law, Finance & Banking

European Union Pending Legislation Requiring Additional Transparency from Extractive Industries

by Raymond Banoun | Cadwalader, Wickersham & Taft LLP on 5/20/2013

On April 9, 2013, the European Union agreed to a preliminary deal requiring oil, gas, mining and forestry companies to report in greater detail any payments at or above €100,000 (approximately $130,000) they make to foreign...more

Resource nationalism and its impact on infrastructure projects

by Peter Cassidy, Joseph Otoo | Reed Smith on 5/19/2013

Introduction - The global demand for natural resources continues unabated. As revenues increase and profits soar in the face of this demand, there has been a resurgence of “resource nationalism” with resource-rich host states...more

Budget 2013-14: The Government targets multinationals to recover from the GFC - Baker & McKenzie

by Dixon Hearder, Amrit MacIntyre, John Walker | Baker & McKenzie Australia on 5/15/2013

The Treasurer has delivered the 2013-14 Budget. With the Treasurer noting that almost $170 billion has been wiped off tax receipts since the GFC, a series of measures increasing the tax burden of multinationals, foreign...more

New Bill Heightens Potential For More Investment Canada Reviews Of SOE Acquisitions

by Sandy Walker | Dentons on 5/13/2013

Last week the Canadian Government introduced amendments to the Investment Canada Act (ICA) to implement its revised policy towards state-owned enterprises (SOEs) which it announced in December last year....more

Energy & Clean Tech Connections: Your Law Firm Link to Industry News -- May 2013

by Mintz Levin - Energy & Clean Technology on 5/10/2013

In This Edition: - In the News: United States - In the News: Europe & Asia - Government Financial Assistance - Privately Sourced Financial Grants - Federal & State News - Legal News - Events -...more

Myanmar - New round of auctions for offshore oil and gas blocks: Baker & McKenzie

by John Mollard, David Ryan, Melinda Tun | Baker & McKenzie Australia on 5/9/2013

Introduction - The Myanmar Ministry of Energy (Ministry) has commenced an auction for 30 oil and gas blocks in the Myanmar offshore areas. The auction invites bids for 11 shallow water blocks and 19 deep water blocks,...more

TRANSACTIONAL: Corporate/London: UK BUDGET 2013: The UK Government announces tax and other initiatives to support shale gas...

by King & Spalding on 5/6/2013

In March the UK Government delivered its Budget for 2013, announcing a number of tax and other initiatives designed to encourage investment in the exploitation of UK shale gas resources. The Department of Energy and Climate...more

TRANSACTIONAL: Corporate / London: Nigeria’s Petroleum Industry Bill: promising legislation beset by problems

by King & Spalding on 5/3/2013

The History - A “Petroleum Industry Bill” has created an unprecedented level of discussion for a new piece of legislation in Nigeria. Perhaps the level of interest should not come as a surprise given the extent to...more

White House Budget Proposes Numerous Tax Changes as Congressional Tax-Writing Committees Focus on Reform

by Armando Gomez, Paul McLaughlin, Cary Pugh | Skadden, Arps, Slate, Meagher & Flom LLP on 5/3/2013

On April 10, 2013, the White House released its proposed budget for fiscal year 2014. The budget contains significant tax proposals related to renewable energy, research and job creation, as well as numerous changes affecting...more

EU lifts sanctions against Burma/Myanmar, eases measures against Syria and Libya, and tightens sanctions against North Korea

by James R.M. Killick, Sara Nordin, Charlotte Van Haute, Fabienne Vermeeren | White & Case LLP on 4/24/2013

I. Introduction - The EU has updated its sanctions measures against Burma/Myanmar, Syria, North Korea and Libya. For Burma/Myanmar, the Council has decided to lift all economic sanctions, while keeping the...more

REGULATORY: Natural Resources: European Commission Issues Consultation for Views on Potential EU Conflict Minerals Initiative;...

by King & Spalding on 4/15/2013

The European Commission (EC) Directorate-General for Trade has issued a consultation to solicit interested parties’ views on a potential EU initiative for responsible sourcing of minerals coming from conflict-affected and...more

Financial Services Bulletin: Action At The CFTC, SEC, And Fed

by Perkins Coie on 4/12/2013

On Thursday, March 28, 2013, the Commodity Futures Trading Commission (the "CFTC") approved a final order that exempts certain non-financial energy derivative transactions between and amongst government-owned electric...more

Energy & Clean Tech Connections: Your Law Firm Link to Industry News -- April 2013

by Mintz Levin - Energy & Clean Technology on 4/5/2013

In the April edition of Energy & Clean Technology Connections, we’ve gathered recent information from a wide variety of sources in an effort to keep you abreast of what’s new in the world of clean energy. We draw your...more

Japan Launches LNG Futures Contract

by Elan Mendel | Shipkevich PLLC on 4/1/2013

Japan plans to launch the world’s first futures contract for liquefied natural gas, also known as LNG. This marks the country’s latest step toward creating a global market for fuel....more

March 2013 Federal Budget Provisions Concerning Pipeline Abandonment Trusts

by Marie Buchinski, Robert McCue, Lawrence Smith | Bennett Jones LLP on 3/26/2013

Overview - The March 21, 2013 Federal Budget changed the tax law applicable to the pipeline abandonment trust (Trust) structure that has been submitted to the National Energy Board (NEB) as the proposed mechanism for...more

Corporate and Financial Weekly Digest - March 22, 2013

by Katten Muchin Rosenman LLP on 3/25/2013

In this issue: - NASDAQ Proposes Internal Audit Function Requirement for Listed Issuers - FINRA’s Frequently Asked Questions on Electronic Blue Sheet Submissions Updated Regarding Order Execution Time -...more

IECA Releases Amending Agreement To Facilitate End User Compliance With CFTC Regulations

by Nate Endrud | Leonard, Street and Deinard - Dodd-Frank and... on 3/11/2013

The International Energy Credit Association (“IECA”) has released a standardized agreement titled the “Dodd-Frank Act Representations and Reporting Amending Agreement” to facilitate end user compliance with the CFTC’s swap...more

REGULATORY: International Trade: United States Eases Sanctions Against Burma, but Companies Should Proceed with Caution

by King & Spalding on 3/5/2013

Following Burma’s landmark elections last spring that marked a transition from military to quasi-civilian rule, the United States took a number of steps to ease existing sanctions against Burma in an effort to promote...more

Legislative Update Report No. 2013-04 -- Feb 22, 2013

by Osler, Hoskin & Harcourt LLP on 2/26/2013

In This Article: Federal Government; Alberta; British Columbia; Manitoba; New Brunswick; Newfoundland; Northwest Territories; Nova Scotia; Nunavut; Ontario; Prince Edward Island; Québec/Quebec; Saskatchewan; and Yukon....more

European Commission Publishes Cybersecurity Strategy and a Proposed Directive on Network and Information Security that Would...

by King & Spalding on 2/25/2013

On 7 February 2013, the European Commission published two cybersecurity documents designed to provide a comprehensive vision of how European Union Member States, national authorities, and private industry will prevent and...more

Oh Canada! Significant Developments In Canadian Energy - January 2013

by Doug Black, Anne Calverley, Douglas Crowther, Bill Gilliland, Leanne C. Krawchuk, Alex MacWilliam, Claude Morency, Helen Newland, Cyrus Reporter, Ron Stuber | Dentons on 2/21/2013

In This Issue: - Oil Sands News - East Coast News - West Coast News - Canadian Arctic News - Alternative Energy - On the Horizon - Abbreviations - Excerpt from Oil Sands News: Enbridge has...more

"Ontario Speech From The Throne", Focus On Public Policy, February 2013

by Cyrus Reporter, John Zerucelli | Dentons on 2/20/2013

On Tuesday, February 19th, 2013, the Honourable David Onley, Ontario's Lieutenant Governor, delivered the Wynne government’s Speech from the Throne in the Ontario legislature. Entitled The Way Forward, this speech officially...more

Happy Birthday FT and Welcome Hanson Wade

by Thomas Fox on 2/14/2013

Yesterday celebrated an auspicious anniversary as it was the 125th anniversary of the British newspaper, the Financial Times (FT), its first issue having been delivered on February 13, 1888. In England, and across the world,...more

Mining Law Update - February 2013: Baker & McKenzie

by John Mollard, David Ryan | Baker & McKenzie Australia on 2/11/2013

The year 2013 was forecast to be a challenging year for the Australian economy, but the latest economic data from the US and China at the end of January is promising. We are seeing continued interest from North Asia and...more

DISPUTE RESOLUTION: International Arbitration: EU Member State Defends Measures Adverse to Energy Sector Investments on the basis...

by King & Spalding on 2/6/2013

A recent decision in the investment treaty case, Electrabel S.A. v. the Republic of Hungary, represents an important contribution to the rapidly-growing case law concerning the relationship between EU law and intra-EU...more

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International Law & Trade › Energy & Utilities Law › Finance & Banking