Thursday, August 27, 2015

#TBT: Project Sales: Traps for the Unwary

This post is part of an occasional series highlighting a project finance article or news item from the past. It is often interesting and thought provoking to look back on these items with the perspective of months, years or decades of further experience. 

With this installment, we turn to an article that first appeared in the February 2003 issue of the Project Finance NewsWire and was written by Chadbourne partner and head of the corporate practice, Allen Miller.

This article is particularly timely as we are seeing more emphasis on project M&A, due in part to the seemingly insatiable appetite of yieldcos for new assets. There is more liquidity in projects than in quite some time.  Companies that typically hold and operate assets are thinking about selling due to higher valuations.  Companies that typically sell assets are finding the process a little smoother.  


Thursday, August 20, 2015

#TBT: Clinton Proposes Tax Changes Affecting Project Finance, March 1999


This post is part of an occasional series highlighting a project finance article or news item from the past. It is often interesting and thought provoking to look back on these items with the perspective of months, years or decades of further experience. This article first appeared in the March 1999 issue of the Project Finance NewsWire and was written by Chadbourne partner Keith Martin.


Clinton Proposes Tax Changes Affecting Project Finance


by Keith Martin, in Washington

The Clinton administration proposed a series of tax law changes in February that, if enacted, would affect project finance. 

Thursday, August 13, 2015

#TBT: Cuban Sanctions

This post is part of an occasional series highlighting a project finance article or news item from the past. It is often interesting and thought provoking to look back on these items with the perspective of months, years or decades of further experience. This article first appeared in the August 2001 issue of the Project Finance NewsWire and was written by former Chadbourne counsel Samuel Kwon.


Cuban Sanctions


President Bush decided in July to continue blocking civil suits by US persons against anyone dealing in property confiscated from Americans by Cuba during and after the
1959 revolution.

The so-called Helms-Burton Act, enacted in 1996, allows US persons to sue in the US courts for damages against anyone — a US person or otherwise — “trafficking” in property confiscated by Cuba on or after January 1, 1959. However, it also allows the President to suspend the provision at six-month intervals. President Clinton suspended the provision soon after it was enacted after Canada and various countries in Europe complained about the extra-territorial reach of the prohibition. The Bush administration decided in July to continue this policy.