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Fifth Circuit Addresses A Complicated Cargo Dispute, Resulting In A Victory For Vessel-Operating Common Carriers

The Energy Law

IMC) as the “vessel-operating common carrier.” Various documents exchanged between the parties designated conflicting ports of discharge. The purported “special relationship” at play was that between a “non-vessel operating common carrier” (NVOCC) and “vessel-operating common carrier” (VOCC).

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Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

The path to this Proposed Rule has been long and winding, beginning in 2014 with BOEM resisting making changes through formal notice and comment rulemaking pursuant to the Administrative Procedures Act, and instead continuing to regulate this issue through Notice to Lessee (“NTL”) guidance documents.

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Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

The path to this Proposed Rule has been long and winding, beginning in 2014 with BOEM resisting making changes through formal notice and comment rulemaking pursuant to the Administrative Procedures Act, and instead continuing to regulate this issue through Notice to Lessee (“NTL”) guidance documents.

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Labor and Employment Law FAQs Related to Hurricane Ida

The Energy Law

However, some employees are paid through check or other forms of payment, which can cause complications when employees are displaced or the employer’s office is not fully operational. The regulations are clear that employers cannot use deductions “for absences occasioned by the employer or by the operating requirements of the business.”

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Congress Passes the Corporate Transparency Act to Require Beneficial Ownership Disclosure

The Energy Law

The preliminary definition of a “reporting company” includes corporations, limited liability companies, and other similar entities that are created by filing a document with the secretary of state (or an equivalent office) of any state, or are formed under foreign law and are registered to do business in the United States in a like manner.

E&A 52
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Congress Passes the Corporate Transparency Act to Require Beneficial Ownership Disclosure

The Energy Law

The preliminary definition of a “reporting company” includes corporations, limited liability companies, and other similar entities that are created by filing a document with the secretary of state (or an equivalent office) of any state, or are formed under foreign law and are registered to do business in the United States in a like manner.

E&A 40
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Derivatives: Non-Cleared Swaps Variation Margin Update – Limited Relaxed Enforcement by the CFTC, Prudential Regulators and European Supervisory Authorities

The Energy Law

This news follows reports that, despite all efforts, market participants are facing continued legal and operational challenges in implementing the requisite steps for timely compliance with the new margin regimes. Still international regulators remain committed to moving non-cleared OTC derivatives to a collateralised model. 6, 2016). [4]