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Fifth Circuit to Hold Oral Argument in Sojitz v. UNOCAL in April 2020

The Energy Law

Last year, in another dispute over who should bear the cost of decommissioning offshore facilities, the Southern District of Texas held that a former sub-assignee of offshore operating rights was entitled to equitable subrogation from the record title owner and initial assignor. Sojitz Energy Venture, Inc. Union Oil Co. of California , 394 F.

Royalty 52
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Is the Frequency of Louisiana Environmental Quality Act Citizen Suit Litigation Increasing?

The Energy Law

In 2003, the Louisiana Supreme Court rendered its landmark decision in Corbello, et al. 30:2025(E). Iowa Production, et al. Since then, Louisiana courts have seen a steady stream of “legacy litigation” claims being filed. The purpose of the Louisiana Environmental Quality Act is twofold.

E&A 52
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Texas Supreme Court Offers Exemplary Damage Guidance

The Energy Law

408, 418 (2003), that is, (1) the degree of reprehensibility of the defendant’s conduct; (2) the disparity between the actual or potential harm suffered by the plaintiff and the punitive damages award; and (3) the difference between the punitive damages awarded by the jury and the civil penalties authorized or imposed in comparable cases.

Casing 40
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A New Opinion Report is Published: Assistance for Real Estate Financing Transactions

The Energy Law

241 (2003). A Lender in a real estate financing transaction often requires borrower’s counsel to opine on certain aspects of the transaction as a condition to the closing. Often, the negotiations between borrower and lender counsel are as contentious and extended as are negotiations regarding the loan documents themselves. & Est. L.

Finance 40
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Is the Frequency of Louisiana Environmental Quality Act Citizen Suit Litigation Increasing?

The Energy Law

In 2003, the Louisiana Supreme Court rendered its landmark decision in Corbello, et al. 30:2025(E). Iowa Production, et al. Since then, Louisiana courts have seen a steady stream of “legacy litigation” claims being filed. The purpose of the Louisiana Environmental Quality Act is twofold.

E&A 40
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COVID-19 as a Force Majeure? The Texas and Louisiana Perspectives

The Energy Law

Today, countries worldwide are responding to a pandemic of respiratory disease spreading from person-to-person caused by a novel coronavirus. The disease has been named “coronavirus disease 2019” (abbreviated “COVID-19”). Does this pandemic and resultant disruption constitute a force majeure event under Louisiana and Texas law?

E&A 52
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UCC8, UCC9, and The Hague Convention

The Energy Law

The Convention was finally promulgated in 2003 but did not become effective until April 1, 2017. [2] That provides that the local law of the securities intermediary as specified in Section 8.110(e) governs that question. financings will also need to understand the rules of the Convention.