News & Analysis as of

Auction

District Court Rules Online Auction for Medical Supplies Violates Anti-Kickback Statute

by Jones Day on

On March 6, 2017, the U.S. District Court for the District of Connecticut held that an arrangement between a company operating an online portal for purchases of medical equipment and a supplier of medical products violates...more

Pa.L.C.B. Announces Third Restaurant Liquor License Auction Under Act 39 of 2016

The Pennsylvania Liquor Control Board has announced the third restaurant liquor license auction, which is permitted under Act 39 of 2016. These auctions are for “zombie licenses” that have been expired and in possession of...more

Financial parameters of auctions for renewable energy sources

by Dentons on

On 3 April 2017 two regulations were published in the Journal of Laws which set out the financial parameters of auctions for renewable energy sources (“RES”) that will be held in 2017. The government is planning to spend more...more

Tax Sales and Bankruptcy Stays

It is well understood that under section 362 of the Bankruptcy Code, a bankruptcy filing triggers an “automatic stay” preventing creditors from taking any act to obtain possession of or enforce a lien against property of the...more

California Court of Appeals Upholds Cap-and-Trade Auctions

by Latham & Watkins LLP on

Yesterday, the Court of Appeals for California’s Third Appellate District issued its decision in California Chamber of Commerce, et al., vs. State Air Resources Board, et al., upholding the district court’s decision and...more

Pennsylvania Zombie Liquor License Auction: Keys to Making a Successful Bid

The Pa.L.C.B. recently completed the second phase of the zombie liquor license auction, which was established under Act 39 of 2016 and discussed in previous blog posts. The second phase, like the first, saw a great price...more

US auctions North Carolina offshore wind sites

by PretiFlaherty on

Yesterday the U.S. Bureau of Ocean Energy Management completed a competitive lease sale for renewable wind energy development in federal waters offshore North Carolina. Avangrid Renewables, LLC won the auction-based sale with...more

Non-compliance with carbon market rules could result in substantial penalties

by Dentons on

Ontario’s cap and trade program, which launched in January 2017, includes a number of rules regarding participation in the carbon market where emission allowances and offset credits are bought and sold. The stated purpose of...more

"Mexican Energy Sector Restructuring: New Opportunities for Renewables"

The ongoing effort to restructure the power sector in Mexico, together with Mexico’s strong policy on combating climate change, have created compelling opportunities for investors in renewable energy projects that likely will...more

Kitty Hawk NC offshore wind auction set

by PretiFlaherty on

U.S. plans to auction ocean sites off North Carolina for commercial offshore wind energy development advanced last week, as the federal Bureau of Ocean Energy Management scheduled a commercial lease sale for the sites for...more

NY Court of Appeals Clarifies What May Constitute a Binding Agreement in the Sale of Syndicated Loans

A unanimous New York Court of Appeals recently held that the acceptance of an auction bid for the sale of a syndicated loan may constitute a final and binding trade, even if there is language indicating that the agreement is...more

Pa.L.C.B. Announces Second Restaurant Liquor License Auction Under Act 39 of 2016

The Pennsylvania Liquor Control Board has announced the second restaurant liquor license auction, which is permitted under Act 39 of 2016. These auctions are for “zombie licenses” which have been expired and in possession of...more

Auction service providers under investigation for suspected anti-competitive practices in UK

by Bryan Cave on

On 22 November 2016, the Competition Market Authority (CMA) announced the opening of an initial investigation into suspected breaches of competition law in relation to the supply of auction services in the UK. The CMA...more

2016: A Full Bouquet of Wine Fraud

The rapid growth of the international wine market has given rise to a simultaneous growth in wine fraud. The burgeoning demand, especially in China, has exposed all players—collectors, investors, vineyards, distributors, and...more

NY offshore wind lease auction set

by PretiFlaherty on

The U.S. Bureau of Ocean Energy Management has issued a Final Sale Notice, setting December 15 as the date for auctioning the right to lease sites in federal waters off New York for commercial offshore wind...more

Current legal trends in private M&A

by Reed Smith on

At Reed Smith’s London Corporate Forum, which took place last week, Doug Rofé highlighted legal trends that we are currently seeing in the private M&A market. In this article, we summarise those top trends and discuss what is...more

NY blueprint for offshore wind master plan

by PretiFlaherty on

A New York state energy office has released its Blueprint for the New York State Offshore Wind Master Plan. The New York State Energy Research and Development Authority, known as NYSERDA, promotes energy efficiency and...more

NHPUC considers PSNH divestiture auction format

by PretiFlaherty on

As the New Hampshire Public Utilities Commission prepares for an auction of the state's largest utility’s generating assets, its auction advisor J.P. Morgan has recommended a broad public auction of the assets, using a two...more

Pennsylvania Liquor Control Board Announces First License Auction

An interesting part of Pennsylvania’s Act 39 of 2016 (“Act 39”) has finally started to come to fruition. On September 13, 2016, the Pennsylvania Liquor Control Board (“PLCB”) issued a Press Release regarding the long...more

The Uniform Commercial Real Estate Receivership Act (Part 2) — Would “Receiver Sales” Conflict with California Law?

In the last post — The Uniform Commercial Real Estate Receivership Act (Part 1) — Pathway to “Receiver Sales” of Real Estate Security? — we previewed the “Receiver Sale” provisions of the proposed Uniform Commercial Real...more

The new FER decree: A fresh breath of air for the renewables?

by DLA Piper on

On June 29, 2016 the new decree aimed at regulating the new incentives for the renewable sources other than photovoltaic ones (the "New FER Decree") has been finally published on the Official Gazette. After a long process,...more

NY offshore wind leasing advances

by PretiFlaherty on

The U.S. Bureau of Ocean Energy Management is moving closer to leasing ocean sites offshore New York for commercial offshore wind development. On June 2, 2016, the Department of the Interior and BOEM announced the...more

Bidding Guidelines Published for Mexico's Second Long-Term Power Auction

by Holland & Knight LLP on

Mexico's National Center for Energy Control (CENACE) on May 13, 2016, published the Bidding Guidelines for the second long-term power auction (SLP) in Mexico, seeking to award power purchase agreements (PPA) to clean energy...more

Call to Bid Issued for Mexico's Second Long-Term Power Auction

by Holland & Knight LLP on

Mexico's National Center for Energy Control (CENACE) on April 29, 2016, published its call to bid for the second long-term power auction in Mexico, seeking to award power purchase agreements (PPAs) of 15 to 20 years,...more

FCC Sets Clearing Target and Starting Date for Incentive Auction

In a long-anticipated move towards commencement of the spectrum auction, the FCC today released a Public Notice and related Appendix providing an initial clearing target of 126 Megahertz of spectrum in what is currently the...more

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