On March 14, 2019, OFAC extended the expiration date of a general license related to PDV Holding, Inc. (PDVH), and CITGO Holding, Inc. General License 7A provides an 18-month authorization that renews automatically on a monthly basis, which will enable CITGO to maintain operations in markets that are based on long-term planning… Read more
On March 14, 2019, OFAC announced the replacement of the List of Foreign Financial Institutions Subject to Part 561 (the "Part 561 List") with the List of Foreign Financial Institutions Subject to Correspondent Account or Payable-Through Account Sanctions (the “CAPTA List”). The CAPTA List contains identifying information of foreign financial institutions for which the… Read more
Chevron’s acquisition of Anadarko may have signaled the beginning of a consolidation wave about to hit the oil-rich Permian Basin region. Many experts anticipate that more fossil fuel “giants” will move to purchase independent producers who are struggling with cash flow, hampering their ability to develop their acreage. Other giants… Read more
On March 8, 2019, OFAC issued amended General Licenses 3D and 9C related to Venezuela sanctions, extending the wind down periods in relation to financial contracts and other agreements involving certain bonds and Petróleos de Venezuela, S.A. (PdVSA), along with its subsidiaries. For more information on how this could impact your… Read more
McGinnis Lochridge's Oil & Gas Newsletter: Producer's Edge keeps clients informed about Texas oil and gas case law, regulatory updates, and insightful articles relevant to the oil and gas community. In this first edition, we highlight several recent Texas oil and gas cases. We also highlight Partner Donald D. Jackson, and… Read more
On Monday, March 25, Ashton G. Cumberbatch, Jr., Special Counsel with McGinnis Lochridge, will be honored at The First Tee of Greater Austin’s 11th Annual 9 Core Values Awards Luncheon. The event will recognize outstanding leaders from the Austin community whose work reflects The First Tees 9 Core… Read more
Partner Jonathan Baughman, Chair of the firm’s Oil & Gas Practice Group, was called on by Bloomberg News to provide context about the likely Federal investigation into the recent chemical blaze at the Intercontinental Terminals Co.’s (ITC) petrochemical complex in Houston. At the current time, both Federal and local… Read more
McGinnis Lochridge is pleased to welcome Sophia Makris as an Associate in Austin. She joins the firm’s Corporate & Tax Practice Group where she will represent clients in connection with mergers and acquisitions, corporate securities, banking matters and other commercial transactions. Makris was previously an associate with Alston & Bird… Read more
The Department of Labor’s (“DOL”) Wage and Hour division issued a highly anticipated notice of proposed rulemaking (NPRM) on March 7, 2019, seeking to raise the minimum salary threshold to qualify for the Fair Labor Standard Act’s (“FLSA”) “white collar” exemptions for executive, administrative, or professional (“EAP”) workers. The proposed… Read more
McGinnis Lochridge announced today the growth of the firm’s International Trade and Transactions Practice Group with the addition of Jamie Joiner and Lindsey Roskopf, one of the state’s leading attorney teams focusing on international trade law, including export controls, sanctions, and customs matters. Jamie and Lindsey, who join as… Read more
In his article published in Law360, Don Jackson examined the key issue in Briggs v. Southwestern Energy Prod. Co., currently pending before the Pennsylvania Supreme Court. In that case, the court will determine whether a driller can be held liable in trespass for hydraulically fracturing a well drilled entirely… Read more
McGinnis Lochridge is pleased to welcome Daniel Atkinson, who joins the firm’s Employment, Labor and Employee Benefits Practice Group as an associate in Dallas. He will work closely with Partner Felicity A. Fowler, who leads the Employment, Labor & Employee Benefits Practice Group and serves as the Dallas… Read more