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Fifth Circuit Holds That Foreign Forum Selection Clauses Are Enforceable In Insurance Policy

The Energy Law

On August 20, 2018, Noble House’s yacht lost its port-side rudder while entering a channel in the Bahamas. The following day, Noble House advised Underwriters at Lloyd’s, its insurer, of the casualty, whose policy allegedly covered the claim. To date, Underwriters have not denied coverage.

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2019 ABA Private Target Mergers & Acquisitions Deal Points Study

The Energy Law

The 2019 version of the study analyzes a greater number of transactions at 151 M&A deals that were executed or closed during calendar year 2018 and the first quarter of 2019 with transaction values ranging from $17 million to $500 million. These new data points are flagged for the reader.

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Opportunity to Minimize the New Tax on 501(c)(3) Exempt Organization Employee Parking

The Energy Law

Due to the Tax Cuts and Jobs Act (“TCJA”) passed by Congress in December 2017, starting in 2018 many 501(c)(3) Exempt Organizations (“EOs”) are required to treat the cost of employer-paid qualified transportation and parking benefits as unrelated business taxable income (“UBTI”) to the EO.

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Louisiana Supreme Court Limits Effect of Collateral Source Rule in Personal Injury Cases

The Energy Law

2018-CC-0735 (La. 5/8/19), the Court held the collateral source rule inapplicable to medical expenses charged above the amount actually paid by a workers’ compensation insurer pursuant to the workers’ compensation medical fee schedule. Simmons , 2018-0735, p. In Simmons v. Cornerstone Investments, LLC, et al. Simmons at 3-4.

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Fifth Circuit Identifies Potential Conflict with Supreme Court on Jones Act Seaman Test

The Energy Law

In August 2018, while working on a rig owned by Enterprise Offshore Drilling, LLC (“Enterprise”), Sanchez was injured when he tripped on a pipe welded to the deck. Smart Fabricators of Texas, LLC , 970 F.3d Gilbert Sanchez, a welder-fitter employed by SmartFab, never went to sea on vessels. 1349(b)(1).

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