Top 10 Financial Reporting Issues in Acquiring Oil and Gas Properties

Sirius Solutions presents a free white paper exploring several key issues commonly faced in the valuation and financial reporting of oil and gas property acquisitions.

The paper is written by Sirius Solutions’ John Lehman, Financial Advisory Services Director.

“The complexity of oil and gas property acquisitions has increased due to constantly changing positions on appropriate valuation techniques, methodologies and regulatory requirements,” the company says on its website. “Sirius Solutions knows financial executives like yourself in the oil and gas industry are under pressure to complete the preliminary financial reporting of property acquisitions as quickly and efficiently as possible.”

Download the white paper.

 




Insurance Certificates in Contract Management


Insurance certificates are a critical part contract management. To improve risk management, contracts often require a party to carry certain insurance policies. The risk management benefits of these provisions are lost unless you track the insurance certificates in addition to the contract.

A new article and video from Berkman Solutions outline steps for managing insurance certificates required in a contract.

“You have carefully allocated risk in contract drafting,: the article says. “It is clear that the other party is responsible for their conduct and any damages your organization suffers. You go the extra step to require that the other party carry relevant liability insurance. In some cases, they must also name you as an additional insured party on their policy.

“The contract is executed. Now what? You add the contract and its expiration date in the contract management spreadsheet. You even collect the insurance certificate at signing.

“What is the problem? The problem is that the insurance certificate expires before the expiration of the contract. It is quite rare that the insurance certificate and the contract share the same time line.”

Read the article and watch the video.




Insurer Conduct Can Lead Policyholders Into Suit Limitation Traps

A white paper posted by Jones Day partner Tara Kowalski on the firm’s Insurance Policy Advocate site says a recent string of cases addressing suit limitation provisions serves as a reminder of the numerous traps that surround such provisions and how insurer conduct can be misleading in those situations.

The article points out that suit limitation provisions are the contractual equivalent of statutes of limitations.

“They require policyholders to file coverage lawsuits within a specified period of time or risk forfeiting coverage for the claim at issue. The most common time period is one or two years – which is often shorter than the otherwise applicable statute of limitations,” Kowalski writes. “Despite the potential for Draconian results, suit limitation provisions are generally enforceable, subject to certain limitations. And, some jurisdictions don’t require a showing of prejudice from the insurer. Suit limitation provisions are often found in first-party policies and only rarely in liability policies.”She offers a summary of some recent cases addressing suit limitation provisions, as well as some practice pointers based on the rulings in those cases.

Read the white paper.




Should Executives Arbitrate? The Empiricists Weigh In

Should executives include an arbitration clause in their employment contracts? A paper by Zuckerman Spaeder partner John J. Connolly says there’s no uniform answer.

Connolly writes that arbitration proponents cite its speed, cost, privacy, informality, minimal discovery, and limited appellate rights. But opponents of arbitration list the same points as negatives. Volumes have been written about whether arbitration is a better form of dispute resolution than litigation, and we can’t resolve that question here.

The data do seem to suggest that arbitration is not as bad a forum for executives as it is for lower salaried employees, Connolly writes, but more research is needed.

Read the paper.

 




Clean Air Act Aggregation in the Upstream Oil and Gas Sector

Hogan Lovells has published a white paper discussing the aggregating sources for the purposes of Clean Air Act permitting in the oil and gas sector.

The clear judicial trend is to adopt physical adjacency as the aggregation test and to find that geographically dispersed upstream oil and gas wells, compressor stations, and other facilities are separate emissions sources, the paper’s authors conclude.  Nothing in PennFuture indicates that trend will change anytime soon.

“The U.S. Court of Appeals for the Sixth Circuit and the D.C. Circuit recently offered some regulatory relief to oil and gas operators under the Clean Air Act (CAA) with respect to aggregating sources for the purposes of CAA permitting,” they write. “On February 23, 2015, the District Court for the Middle District of Pennsylvania issued an opinion that, consistent with the Sixth Circuit and D.C. Circuit opinions, held certain oil and gas operations should not be aggregated, while indicating that the question of interrelatedness (a concept rejected by the Sixth Circuit) could be appropriate in determining the scope of a stationary source.”

Read the white paper.

 




Forced Arbitration Pervades Contractual Agreements, Binding Consumers

The words “forced arbitration” might not appear in a contract and instead are referred to by the term “dispute-resolution mechanism.” But once you sign on the dotted line or click the “I agree” button online, the options for seeking justice are tossed out the window, says an article published by Searcy Denney Scarola Barnhart & Shipley.

“Forced arbitration lurks in the lengthy documents all of us sign at some point in our lives when we accept a job, buy tickets for travel, enter a cell-phone agreement or rent an apartment,” says the author of the article, Search Denney attorneyLaurie Briggs. “And those are just a few of the dozens of examples of us waiving our rights to sue should something go wrong. Radin describes the cunning contracts as boilerplates.”

Read the article.




Why ESIGN is Not Enough to Keep You Out of Court

Computer-notebook-pad-writingSilanis Inc. presents a free seven-page white paper that discusses how to enforce e-signed contracts and minimize exposure to legal and compliance risk.

Today, closing business quickly and efficiently is about getting the signature – without using paper. Clearly, electronic signatures and transactions are the answer. But if you think all e-signature solutions provide the same level of enforceability in the event of a contract dispute, think again, the company says on its website.

The federal ESIGN and state UETA laws gave electronic signatures and records the same legal weight as their paper counterparts but these laws do not give e-signatures any special status. Essentially, it is the strength – or weakness – of your electronic evidence that determines your exposure to legal and compliance risk.

To help enforce your e-signed contracts, this complementary report presents the recommendations of three legal experts: Pat Hatfield and Greg Casamento, partners at Locke Lord LLP, and Frank Zacherl, litigator and partner at Shutts & Bowen LLP.

Download the white paper.

 




Do You Really Know How To Manage An OSHA Inspection?

Inspectors in hardhatsA white paper written by Howard Mavity of Fisher & Phillips give some advice on what managers need to note in order to challenge OSHA citations, especially when the citations arrive months after an inspection.

“Many articles on handling OSHA inspections provide the same basic guidelines and little explanation of why employers should take certain steps.” he writes. “You already know to take photos whenever the Compliance Officer (CO) takes shots and to take notes. But do you know why to take those photos and what to look for? What do you need to note in order to challenge citations when they are issued six months later?”

The article includes sections headed “Plan in Advance,” “Manage the Inspection,” “Take Your Time” and “Push Back.”

Read the white paper.

 




Using Technology to Close NDA Lifecycle Gaps

OnitAn NDA is generally one of the most straightforward contracts you manage. So, why is the process of getting the right agreement into the right hands at the right time so complex?

General Counsel News and Onit present a complimentary whitepaper that explains how the right technology can streamline the process and protect your company from potential liabilities, not to mention keep sales happy.

Onit’s NDA App:

• Ensures each NDA is executed with the correct liabilities
• Provides a dashboard or all requested, open and signed NDAs
• Closes the loop on NDAs by integrating with document repositories

This white paper can help you understand how to remove undue burdens on your legal department attorneys and staff.

Download the white paper.

 




DOE Overhauls Export Controls for Nuclear Technology

atom-nuclear-energy-34010876_s-150Akin Gump Strauss Hauer & Feld has posted a white paper on a long-awaited final rule from the Department of Energy (DOE) overhauling its Part 810 Regulations (10 C.F.R. Part 810) governing the export of certain nuclear technology and assistance.

Effective March 25, these revisions clarify the scope of these regulations, update the set of countries for which “specific authorization” is required, create new reporting requirements and establish rules governing “deemed exports,” among other things, the Akin Gump report says.

“In some cases, companies may need to act quickly to adjust their compliance programs to align with this updated regulatory framework,” the report continues. “These changes may also provide new opportunities for U.S. companies in certain parts of the world, while imposing more onerous restrictions on others.”

Read the white paper.

 




Responses to FERC Data Requests Fail to Provide Support for Proposed Gas Day Rule

King & Spalding has posted a white paper exploring the response to a request from the Federal Energy Regulatory Commission’s (FERC) attempt to obtain information that might support a controversial proposed rulemaking that would change the ways in which the natural gas and electric power industries interact.

FERC recently employed the somewhat unusual device of issuing data requests to electric power industry participants in an attempt to obtain information, wrote Willaim E. Rice.  Not only did the responses fail to provide objective support for FERC’s proposal, they suggest that significant portions of the United States might not realize any benefit from the changes FERC has proposed.

“In March 2014, FERC issued a notice of proposed rulemaking (“NOPR”) in which it proposed to change the start of the “Gas Day” – the 24-hour period during which natural gas transportation through pipelines is nominated and scheduled – from 9:00 a.m. to 4:00 a.m. Central Clock Time (CCT), and to make other changes to the natural gas transportation nominations schedule, to better coordinate the scheduling of natural gas and electricity markets (Docket No. RM14-2-000).  The NOPR is part of FERC’s ongoing effort to promote electric supply reliability by encouraging improved coordination between the natural gas and electric power industries.” Rice wrote.

Read the story.

 




Secure Electronic Delivery of Consumer Disclosures

Table computer with desktop work spaceSilanis Technologies has posted a free white paper special consideration required when delivering consumer disclosures online.

When delivering disclosures electronically, financial services companies gain the ability to control the process as well as gather comprehensive evidence to prove compliance with laws and regulations, Silanis says on its website. Consumers gain convenience and faster application processing. There are benefits for all involved. However, delivering consumer disclosures online requires special consideration. The key is to ensure all legal requirements are met in a way that provides a great customer experience and drives adoption.

This whitepaper takes a pragmatic look at how to do just that, and answers questions like:

  1. What are the benefits of secure e-disclosure delivery?
  2. What are the top legal and regulatory considerations?
  3. What are the best practices for implementing ESIGN requirements for e-disclosures?
  4. What does a well-designed disclosure delivery process look like?

Download the white paper.




The General Counsel in 2020 – The Change Agent

CTPartners GET2020CTPartners, a leading global executive search firm, has released its Global Executive Team – GET – report, which reveals cybersecurity, executive transparency and technology are among the biggest forces that will change the key skills of C-suite executives over the next five years.

“Five years from now millennials, with an entirely different set of expectations and values, will make up more than 50% of the world’s working population, and they’ll be connected digitally all the time,” said Keith Meyer, Vice Chairman and Global Head of the CEO and Board Practice at CTPartners, in a release. “Tomorrow’s C-suite executive and Board Director must be capable of achieving business and financial success while being more transparent, analytical, accessible, data-driven and global.” CTPartners’ GET2020 details the skills, temperament and foresight that will be required of C-suite leaders to be successful in 2020. Insights were collected from senior leaders to enable clients to identify the key leadership skills required for the organization they want to become, including:

  • Chief Executive Officer: Will evolve from company visionary and value creator to being purpose-driven, capable of spotting the next great disruption while meeting financial and broader societal goals.
  • Board Director: To protect and build shareholder value, tomorrow’s Board Director will be as capable evaluating digital transformations and new geographic markets as they are at compliance, regulation, succession and executive compensation today.
  • Chief Financial Officer: In addition to being responsible for the company’s financial performance, tomorrow’s CFO will be highly visible and an accessible partner to the CEO, responsible for revenue growth and long-term shareholder value.
  • Chief Human Resources Officer: Tomorrow’s CHRO will go beyond attracting and developing talent to using data and analytics to build a high-performance culture, and be a key adviser the CEO, C-suite peers and the Board.
  • Chief Marketing Officer: From building brand awareness and demand, tomorrow’s CMO is part magician, politician and technologist to effectively predict and deliver topline growth.
  • Chief Information Security Officer: From predicating, protecting and responding to cyberattacks, tomorrow’s CISO combines technical experience with business acumen to minimize damage, and effectively communicate the company’s security status to all stakeholders—from customers to board members.
  • Chief Information Officer: Will evolve to be an exceptional business leader, who leverages IT to drive competitive advantage while commodity technology functions and services are outsourced and lead by the CTO.
  • General Counsel: From being the company’s defensive player responsible for managing risk, to proactively accomplishing business goals by engaging regulators about public policy.

The full GET2020 report is available for download and information on individual C-suite roles is also available. To read CTPartners’ previous report versions, please visit: GET2010 and GET2015.

About CTPartners

CTPartners is a leading global executive search firm that is designed to deliver in-depth expertise, creative strategies, and outstanding results to clients worldwide. Committed to a philosophy of partnering with its clients, CTPartners offers a proven track record in C-Suite, top executive, and board searches, as well as extensive experience in serving private equity and venture capital firms. From its 44 offices in 24 countries, CTPartners serves clients with a global organization of more than 600 professionals and employees, offering expertise in board advisory services, key leadership functions, and executive recruiting services in the financial services, life sciences, industrial, professional services, retail and consumer, and technology, media and telecom industries.

 




Drones in the Workplace are Coming

By Robert E. Goodman, Jr.
Copyright 2015

Somebody at work bumps into you. You feel a little pinprick in your back but the feeling goes away immediately. You don’t even think about it again. Especially because the person who bumped you apologizes for any pencil mark. If you do think about it again, you don’t see any mark.

Or let’s say the same person bumps into you almost two weeks later but you feel nothing, but you find a spiky object on your clothing at the end of the day.

Two weeks after the first bump, one day after the second, you are confronted by security personnel for your employer. You are told that you were observed going somewhere earlier that day and meeting with a representative of a potential competitor. You were overheard talking to that representative about the employer’s proprietary information. But you went alone, in your own car, to meet this person. As far as you knew, nobody was following you. How did your employer know anything about your going somewhere, or meeting someone, or what you said?

The pinprick represented the insertion into your skin of a semi-permanent homing device lasting months. The burr was a one-day homing device. Whatever homing device was used, a miniature drone was tasked to follow that device and watch and listen to you. But you’re not told about any of that.

You think this is fantasy. It isn’t.

Drones under the Christmas tree, in the backyard, down the block spying on the neighbor’s backyard, are all here, and drones in the workplace are coming. They’re getting smaller, and while there still needs to be some work on making homing devices undetectable, and drones so small you don’t hear or see them, you can be sure the work is proceeding apace. Just go to RadioShack.

Some of the commercially available drones, I understand, can work for eight hours without recharging, and recharging stations in a workplace could be unobtrusively placed. If a drone was to follow an employee home, recharging stations could also unobtrusively be placed in an employee’s home.

Moreover, drones are not only going to see and hear, but maybe smell and see at night with infrared or thermal imaging technology.

We all better watch out.

Drones near airports, the FAA is getting to that. Drones being used by law enforcement, there’s actually beginning to be some court consideration of that. Drones being used to take pictures over someone’s home or business, there’s actually a Texas law on that. Drones being used to take pictures of celebrity weddings, there’s actually a California law coming to deal with that. But drones in the workplace, people are not paying serious attention to that problem yet if they are paying any attention at all.

I started paying attention to the problem two years ago when I wrote a short story about drones in the workplace on our firm’s website. The short story predicts court decisions allowing the use of drones in the workplace. These decisions have not come to pass, but certainly may come to pass. There are no developments in drone technology or in the law during that have made me any less fearful of the problems that will be created by the inevitable use of drones in the workplace.

Last week, there were news reports of drones becoming a $13.4 billion industry with 7,500 commercial drones in the next 3-5 years. More to the point, there was an announcement by Intel last week of a wrist-launched drone. It takes off with laces that wrap your wrist becoming rotors. It then takes your picture and comes back to your wrist like a boomerang.

I say drones in the workplace are inevitable not only for technological reasons, but for other multiple reasons:

First, the temptation to use new technology in connection with work is the temptation we all wake up not resisting every morning. Whether in bed or soon after getting out of it, we punch our fingers to our smartphones. As in the case of other technologies — telephones, copy machines, fax machines and scanners — nobody has resisted the urge to use smartphones for business purposes. As smartphones go, so do drones.

Second, the use of technology by employers to snoop on employees is irresistible. Audio monitoring of telephone calls and fixed cameras in the workplace, nobody even thinks of those as being problematic.

Third, most employers are not the government, with constitutional limitations upon its conduct. You can be sure that private employers will depend upon this distinction in asserting that courts should not prohibit, or even necessarily severely restrict, use of drones in the workplace.

Fourth, with only a few emerging exceptions like the Texas and California laws, the private use of drones is not regulated by statute, that is to say laws specific to drones. There is not, nor is there likely anytime soon to be, a uniform federal law concerning drones covering the entire nation. Only court decisions about whether a particular use of drones invade a reasonable zone of privacy, or court decisions interpreting drone-specific statutes, will allow people to know what is lawful and what is not.

But fear of a privacy lawsuit has certainly not limited many employers from doing things that might at one point have been argued to constitute invasions of privacy, including monitoring telephone calls and emails. It has been enough to argue that the work-related context of an employer’s monitoring, or its ownership of the equipment being used, makes this monitoring okay. This truly centuries-old property distinction, not really a modern privacy distinction, is the basis of the Texas law prohibiting surveillance over real estate. And, given that statute, and, more to the point, the probable difficulty of coming to a consensus on use of drones in the workplace, there may be no other statutes about drones for a while, at least in Texas.

Fifth, as I’ve suggested, drones are getting smaller all the time and if you don’t know you are being monitored, you can’t even complain, except way too late, maybe even as late as a lawsuit. An employer having the opportunity to know a secret about you is a form of voyeurism that every employer will at least indulge, whether or not it is acted upon. If individual supervisors are given discretion, that voyeurism may become pure voyeurism.

Recognizing the inevitability, therefore, of drones in the workplace, and the pattern of courts to accept what might have been questioned as the proper use of other technology, there are a number of questions to ask about where we are headed as far as drones are concerned:

Are we headed toward a world in which employers can monitor employees with drones without their consent, and how far does this go, only at work, or can a drone follow an employee outside the workplace during the middle of the workday, or even go home with the employee? Where is the line to be drawn?

If consent is required, is it going to be sufficient that consent is obtained at the outset of employment or sometime during the employment, like arbitration agreements. Is the consent going to be real? Is consent going to be treated as limited to surveillance or will it cover surveillance outside work?

Are we headed toward a world in which executives never monitor themselves, but everybody else is monitored? That’s a question I raised in my short story. There was an exception to surveillance executives created for themselves.

You may not believe it, but since I pursue discrimination cases, I believe it, are we headed toward a world in which minorities are monitored by drones but non-minorities are not? In which employees with alleged medical problems are monitored but others are not? Suspected whistleblowers? You can imagine other possible questionable examples of disparate drone surveillance.

Are we headed toward a world in which courts accept evidence from drones, which could take up gigabytes of space and be difficult to search. Given its overwhelming data quantity, are courts going to allow effective discovery of that evidence in any lawsuits in which the evidence may be offered?

Are we headed toward a world in which not only employers monitor employees, but, for example, disability insurers or administrators monitor employees on behalf of an employer and do so without the employee’s consent? Unconsented video surveillance of individuals with disability benefit claims, outside the workplace, already occurs.

Are we headed toward a world in which employers monitor prospective employees or in which employees turn the tables and monitor their supervisors? I give the latter example in my short story.

Are we headed toward a world in which courts allow a slippery slope to be created instead of a hard border between proper use of a drone and improper use of a drone in the employment and benefits context?

In my short story, I tried to predict what courts would be doing over the next five years, but who is to say what they will do.

In my story, I predicted that they will start with a distinction between governmental and private use of drones and not restrict drones from being used at all in private workplaces. Then, I suggest courts may, but not necessarily will, develop a reasonable suspicion of impropriety standard, something less than probable cause for governmental employment and criminal purposes. Maybe not, however. Maybe at worst just requiring a human resources representative to fill out a form to get permission to use a drone to monitor an employee.

But I also suggest that courts may not restrict drones from following employees outside the workplace or home if the technology exists to follow them. Such court decisions will, of course, be based on the argument that conduct outside work and at home can have workplace implications. It certainly did in my initial example. The best that can be hoped for, if privacy is to mean much, is that zone of privacy will be established to limit severely, whether or not prohibit, drone surveillance outside the workplace. If a drone follows an employee home, there will be questions of how to deal with information not work-related. This could, of course, include clearly personal information like discussions between family members about family matters. But it could also include information about a person’s behavior or a person’s addiction or a person’s criminal conduct which an employer would actually want to know even if it had a personal element precisely because of the work-related implications. Will an employer have a right to obtain such information using a drone, to retain it, to act on it?

Then I talk about a conflict between an employee’s medical privilege and drone surveillance. That doesn’t seem to be a tough one, the drone going into the psychiatrist’s or doctor’s office, you would think that would be prohibited, but what about a telephone call with a psychiatrist or doctor that happens to be overheard by a drone. That’s an element of my story. Employers, or at least their insurer’s representatives, are already going into doctor’s offices with employees who make workers compensation claims. How far from doing that would drone surveillance be?

The same issue, of course, applies to an employee’s visit with a lawyer.

And I predict that employees could even be subjected to setups that are then recorded by drones when everything else, including other drone surveillance, indicated that there was no basis for being concerned about the employee’s conduct. Coincidentally, the setup in my short story, like that in this speech, is that an employee is told to meet with a representative of a competitor. Unlike my initial hypothetical, however, in the short story the employee is not doing anything wrong at all.

The employee victimized by drone surveillance, or even more to the point, an employee, including in-house lawyer, offended by drone surveillance, is going to have to be brave to make the objection to drone surveillance. The employee is then going to have to be braver, and actually a pioneer, to assert a legal claim and pursue a lawsuit to establish that drone surveillance is improper as a matter of invasion of privacy or under a statute. Unfortunately, such lawsuits are going to be necessary to establish just how far drone surveillance can go. Any employees, of course, who take any one of these brave actions, could get fired themselves for standing their ground.

And boards of directors are going to become involved. In my short story, outside board members associated with the employer in the story had to get involved. Their own companies did not make exceptions to drone surveillance for executives. They were the heroes, but only because they were subject to drone surveillance at their own employers.

And employer groups and local and national Chambers of Commerce and and human resources organizations are going to have to take a stand as well. I predict that law firms will also have to line up on one side or the other from the standpoint of whether they are going to advise employers to use drones. Morality and ethics, not only law, will come into play. As I have already suggested, the employers who do decide to use drones may stall in producing gigabytes of data and courts will have to address those stalling tactics. The issue already exists with production of gigabytes of other kinds of data in lawsuits.

As an attorney for employees, I worry that courts are not going to be very sympathetic with invasion of privacy claims based on drone use by employers or benefit insurers or administrators. I hope it is the case that, even so, some attorneys for employers may be so uncomfortable with use of drones by employers that they will not defend it. But money is powerful. Of course, it will cost a lot more to defend the use of drones than it will cost to insert the homing device and get the drone up and running.

All in all, especially if drones and homing devices veer towards the nano as so many other things are these days, all the prospects relating to drones in the workplace are scary even if you are not easily scared.

About the author

Robert E. Goodman Jr. is senior counsel with Kilgore Law.




Texas Supreme Court Marries Contractual Limitations to Insurance Policies

In a case that has been closely watched by the oil and gas industry and its insurers, the Supreme Court of Texas issued its opinion in In re Deepwater Horizon on Feb. 13, 2015, and settled the debate concerning whether a company’s insurance policies stood alone or were married to and dependent upon an insured’s limited obligation in a separate contract to insure and indemnify a third party, according to a white paper published by Baker Hostetler.

The article says the court found that Transocean’s $750 million primary and excess insurance policies did not offer unrestricted coverage to BP as an additional insured, but instead incorporated and were bound by the limitations placed on Transocean’s liability under the parties’ drilling contract.

The major takeaways, acording to the firm’s report: know your partner, know your risks, and know your insurer.

Read the white paper.

 




4-Part Series: The Corporate Information Governance Program

Sherpa 4-part seriesSherpa Software is offering a complimentary four-part white paper series on enterprise information governance.

This series, titled Corporate Information Governance Program (CIGP), helps organizations create a trustworthy enterprise-wide program to facilitate effective management of information authority, control, accessibility and visibility throughout the information lifecycle. This methodology is typically referred to as information governance, which is a set of multifaceted policies, procedures and controls that help companies manage legal, regulatory, operational and other risks.

Author Rick Wilson describes a proven process for undertaking an information governance program from understanding and assessment to planning and documenting then implementation and finally the ongoing management. Download the four parts below:

Part 1: “Implementing an Information Governance Program: The Planning Process”
Part 2: “Building Your Roadmap: The Plan & Document Phase
Part 3: “Exploring the Implementation Phase
Part 4: “The Management Stage”




Crude Oil Exports: A View from the 114th Congress

Oil tankerAn analysis by June DeHart, published in Environmental Leader, discusses the prospects of Congress lifting the ban on crude oil exports.

The industry itself is divided into two camps and specific regional and environmental interests are fully engaged in the debate, she writes.

“Fracking, horizontal drilling and the shale oil revolution have the U.S. on track to overtake Russia and Saudi Arabia as the leading crude oil producer in the world,” the report says. “The U.S. Energy Information Administration (EIA) recently reported that it expects US crude production in 2016 to be close to the record level of 9.6 million barrels per day set in 1970. As a result, the policy battles have begun in the Congress and the groundwork is being laid by both proponents and opponents.”

Read the story.

 




Protecting the Identity of LLC Members and LP Partners in Litigation

Thompson CoburnThompson Coburn LLP has published an analysis of handling a request for disclosure of the identity of members/partners in an LLC or LP during litigations. In “Part I: Motions to Remand,” the firm examines the best approach.

The firm describes the situation counsel may face: “You represent a LLC or LP and file suit in state court to avoid disclosing the identity of your members/partners. But then the identity of those members/partners becomes an issue when the defendant removes your state court case to federal court claiming diversity jurisdiction. The contentions of the removal petition may allege diversity of the parties “upon information and belief” and then you are left to admit or refute the allegations and/or address the issue in the jurisdictional statement of your counterclaim. For privacy reasons though, your LLC or LP may not want to divulge the identity of its members/partners.”

The analysis continues with a description of the best approach.

Read the story.

 

 




Copyright Reform: Incremental Development or Analysis Paralysis?

CopyrightCopyright has been going through an identity crisis in the digital age, according to a report in Primary Opinion’s Intellectual Property Edition. For some, the free-flow of information online has rendered it an obsolete legal concept, incapable of meaningful enforcement and contrary to the public interest and the freedom of expression. From a more traditional perspective, it is a fundamental right necessary to incentivise and protect copyright authors and owners, which benefits the public through the continuous creation of works while driving the economy. As the policy debate rages, many jurisdictions are seeking to balance these competing interests, with varying success, by gradually reforming their copyright laws.

Earlier this year, the UK Government decided not to take any action following the UKIPO’s consultation on reducing the duration of copyright in certain unpublished, and often very old, works, despite Parliamentary approval to change the law in order to ‘bring it into line with the standard copyright position to achieve fairness and legal clarity, to reduce the administrative burden on businesses and to bring UK law into line with EU law’.

Similarly to the UK, ‘the fact that a work is old does not necessarily mean it is in the public domain’ in the US, where it can be just as ‘complicated to find out whether or not an older work is still in copyright’. New York firm Cowan, Liebowitz & Latman, PC notes that ‘even a very old work can still be under copyright if it has never been published or registered in the U.S’. The ‘single most important fact for works created before 1989’ is when the work was ‘first “published” by or with the authorization of the copyright owner’.

Canadian copyright law also ‘continues to grapple with our ongoing technological revolution’. In regard to fair dealing, Gowling Lafleur Henderson LLP note that the exception ‘has undergone somewhat of a transformation’ since the Supreme Court of Canada ‘described the defence as a “user right”’ that must be balanced against the rights of copyright owners in 2004. ‘Ever since, users have attempted to assert a broader and broader scope of rights’.

Read the story.

 




Why You Should Make Your Documents Look Good

SeyfarthLean Consulting has published a free white paper saying that design isn’t just about making things look nice, it is about finding ways to more clearly, efficiently, and effectively convey information from one person to another and do so without making the experience dreadful.

“I see several reasons that lawyers should bring designers into the process and change the look and feel of what they produce,” writes Kenneth Grady. “Before I enumerate a few, let’s talk the twenty-first century. We are in a visual age, which actually works well for humans because our brains work well with visual information. Look around and you will see that you are bombarded with information visually, sometimes overtly and sometimes in the form of subtle cues. Visual information can be quite complex or very simple, but we shouldn’t dismiss information just because it is visual.”

Design thinking will teach you how to be a lawyer whose clients come first,” he writes.

Read the white paper.