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Louisiana’s Sabine River Authority Not Entitled To Sovereign Immunity

The Energy Law

In a recent opinion, the Fifth Circuit Court of Appeals ruled that the “Sabine River Authority, State of Louisiana” (“SRA-L”) is not entitled to Eleventh Amendment sovereign immunity. [1] 1] SRA-L was a named defendant in a suit by plaintiffs who own land in Louisiana and Texas. Tarrant County , 798 F.2d 2d 736, 744-45 (5 th Cir.

Casing 52
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Key Issues in OTC Derivatives Contracts as COVID-19 Disrupts Global Financial Markets

The Energy Law

In the 2002 ISDA Master Agreement this concept appears in the “force majeure” termination event, and in the 1992 ISDA Master Agreement it is often adopted as an “impossibility” additional termination event. It has been an extraordinary few weeks as businesses face challenges presented by the COVID-19 outbreak. Margin Calls.