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

The Energy Law

Derivatives contracts typically provide for standard fallback mechanisms in the event of a disruption, including no-fault termination, but parties should confirm if the standard fallbacks have been modified in a confirmation or other documentation.

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Department of Interior Takes Steps to Update Offshore Wind Regulatory Scheme

The Energy Law

BOEM seeks comments on whether these bidding methods are effective mechanisms of advancing priorities such as promoting workforce development and supply chain enhancement, consistent with the goals of OCSLA. In addition, under the proposed rule, BOEM would continue the use of bidding credits and multiple factor auctions.