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FERC stepping up enforcement efforts

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • June 1 2007

Susan Court, Director of Enforcement for the Federal Energy Regulatory Commission (FERC), and Gregory Mocek, Director of the Division of Enforcement for the Commodity Futures Trading Commission (CFTC), discussed coordinating enforcement efforts at a luncheon sponsored by the Futures Industry Association’s Law & Compliance Division on May 24, 2007 in New York City

Lehman Brothers ruling calls into question enforceability of cross-affiliate netting in bankruptcy

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • May 18 2010

The U.S. Bankruptcy Court for the Southern District of New York recently issued an opinion in the case of In re Lehman Brothers Holdings Inc. that significantly restricts the scope of setoff rights for energy traders and other participants in derivatives and forward commodity markets

CFTC proposes position limits for major energy commodities

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • January 14 2010

Today, the U.S. Commodity Futures Trading Commission (CFTC), in a fairly unprecedented public hearing, approved publication of a proposed rule to set position limits for futures and option contracts in the major energy markets

CFTC to create a position reporting system for certain physical commodity swaps

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • October 21 2010

The Commodity Futures Trading Commission (CFTC) issued a notice of proposed rulemaking on October 19, 2010, calling for the creation of a reporting system for derivatives deemed "economically equivalent" to commodity futures related to certain specified energy, metals and agricultural commodities

Show me the money: Florida issues TAA on inclusion of hedging receipts in sales factor

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • July 13 2012

Florida recently issued an unusual ruling that: 1.Gross receipts from hedging transactions must be excluded from the sales factor, although 2.Net receipts from output hedges are included, and 3.Net receipts from input hedges and proprietary trading are excluded