Amazon & Antitrust. This law journal piece runs through the anticompetitive aspects of Amazon's structure.
Canada and Environmental Issues. As Baker McKenzie's Michael Nowina and Glenn Gibson write here, the Supreme Court of Canada will revisit whether secured creditors ought to be paid before environmental claims stemming from abandoned oil and gas wells.
Energy. Lazard Ltd. shares its analysis of the levelized cost of (wind and solar) energy.
Makewhole/Interest Rate. While In re MPM Silicones LLC (Momentive) gives restructuring geeks subjects to opine on (here, Kramer Levin Naftalis & Frankel LLP's Greg Horowitz and Marsha Sukach; here, King & Spalding LLP's Austin Jowers; here, Latham & Watkins LLP's Mitchell Seider, David Hammerman, Keith Simon, Jeffrey Mispagel, and Annmarie Reilly), the company's owners are moving forward towards an exit. The company plans a $350mm IPO. In the fiscal year closed June 30, the company had sales of $2.3b and losses of $146mm. The largest owners are Apollo Capital Management, Oaktree Capital Management, D.E. Shaw, and Pentwater Capital Management.
Third Party Releases. A lineup of Shearman & Sterling LLP partners summarize recent Delaware caselaw.
Automotive Advancement. Foley & Lardner LLP has a thing or two to say about electric cars and autonomous vehicles. Meanwhile, the International Energy Agency issued a report on plug-in electric vehicles.
Cramdown. Baker McKenzie's Edward Wu summarizes the Second Circuit's decision in In re MPM Silicones LLC, where the court ruled that the market rate test should applied secured creditor cramdown (rather than the lower formula rate). Orrick's Evan Hollander also has a view. As does Mintz Levin's Kaitlin Walsh. Meanwhile, Bloomberg's Matt Levine looks at the case from a different perspective.
Third Party Releases. Jones Day's Corinne Ball weighs in.
Puerto Rico. Jim Millstein (video) who, after three years of working on this morass, opines on the Article III election and what he sees happening now that the Commonwealth has filed for bankruptcy. We love how he notes that the "relative priorities are so uncertain," a fact that didn't stop heaps of hedge funds from allocating portfolio space to these securities. The WSJ almost seems to take pleasure in the fact that the result is so opaque (and its almost as if Milstein wrote the opinion piece himself). Love this: municipal debt is "not without risk." I'm sure that makes a lot of triple-tax-exempt-seeking grandmas and grandpas feel great. Meanwhile, Mark Brodsky of Aurelius Capital Management takes shots at the oversight board.
Third Party Releases. We love this topic. Here, Edward Wu from Baker McKenzie LLP provides a summary of recent caselaw that "seems to have received little attention."