For more information, please see EQT’s news release by clicking here.
On October 13, 2016, EQT Midstream Partners, LP (NYSE: EQM) announced that it has acquired the Allegheny Valley Connector transmission and storage system, along with several Marcellus gathering systems from EQT Corporation (NYSE: EQT) for $275 million in cash. EQM funded the acquisition with borrowings from its revolving credit facility.
On October 14, 2016, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) and the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) announced a new liberalization in the U.S. embargo against Cuba.
Baker Botts’ Intellectual Property (IP) lawyers are tracking a number of significant patent cases currently underway at the U.S. Supreme Court. In what is being reported as a “banner mark” year for patent decisions, IP lawyers are monitoring developments and outcomes for the following cases as these matters undergo consideration by the Court this Term.
What’s currently affecting capital markets and M&A deals, and what’s on tap for the coming year? Amid the fluctuating oil market, Corporate partners at Baker Botts pinpoint relevant trends shaping corporate M&A, restructuring and private equity deals in the current market and into 2017.
In the Baker Botts IP Report, lawyers share their insight on the latest Intellectual Property topics.
Baker Botts announced a victory for firm client Manitowoc Cranes in a patent and trade secrets investigation against China-based, Sany Heavy Industry Co, Ltd., the sixth-largest heavy equipment manufacturer in the world. The U.S. Court of Appeals for the Federal Circuit affirmed summarily and without opinion under Fed. R. App. Proc. 36.
Following on from its recent re-launch, the DIFC-LCIA Arbitration Centre (“the Centre”) has issued the first revision to its arbitration rules since the Centre was first launched back in 2008. As expected, the revised rules are almost identical to the current version of the LCIA Arbitration Rules, which have been in effect since 2014. The new rules will apply to all DIFC-LCIA arbitrations commenced on or after 1 October 2016.
Carrizo Oil & Gas, Inc. (Nasdaq:CRZO) announced that it has agreed to acquire Eagle Ford Shale properties from an affiliate of Sanchez Energy Corporation for $181 million in cash, subject to customary closing adjustments. The purchase and sale agreement calls for Carrizo to acquire approximately 15,000 net acres located primarily in the volatile oil window of the Eagle Ford Shale.
After years of filing civil enforcement actions against companies, hospitals, and various employer groups for entering into a variety of schemes to suppress employee wages, the Antitrust Division of the Department of Justice and the Federal Trade Commission have made it clear that naked wage-fixing or no-poaching agreements among employers are per se illegal. Going forward, the Antitrust Division has announced that it will criminally prosecute such agreements.
On October 5, 2016, the IRS and the Department of the Treasury published Final Regulations, Temporary Regulations and Proposed Regulations governing so-called “disguised sales” of property from a partner to a partnership and allocations of partnership liabilities among partners. This complex new package of regulations replaces proposed regulations on this subject matter published in 2014 (the “Old Proposed Regulations”).
The latest Baker Botts PTAB Trials Blog post discusses the rules associated with proceedings before the USPTO Patent Trial & Appeal Board (the “PTAB” or “Board”). Click here to read more on this matter from Associate, Stephanie Diehl.
On May 4, 2016 the Internal Revenue Service (the “IRS”) issued final and temporary regulations, Treasury Regulation § 301.7701-2T (the “Regulation”), to clarify the employment tax treatment of partners in a partnership that owns a disregarded entity.