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In the News

Albert Tan in PERE: Japanese Pensions Adopt Overseas Caution

Tokyo Marine, ASIN Employees Pension Fund and DIC Pension Fund are among a limited group of Japanese pension funds to have invested in overseas real estate. But the number will grow, delegates heard at the PERE Tokyo Forum, last week. >>

Latinvex Recognizes Haynes and Boone as Leading Latin America Firm

Latinvex has featured Haynes and Boone, LLP in three of its listings for top Latin America law firms, including the Top 100 Latin America Lawyers, Top 50 Law Latin America Firms and Legal 50: The Partner Tally. >>

Recent Publications

Common Provisions in a Chapter 11 Plan Prevent Lender from Collecting From the Owner of the Debtor

In a case that should cause lenders heartburn, the United States District Court for the Western District of North Carolina recently ruled that common provisions in a Chapter 11 plan prevented the debtor’s lender from executing on a judgment against the non-debtor owner of the debtor. >>

Issuing Banks’ Claims Against Target Allowed to Proceed

A federal court has denied Target Corporation’s motion to dismiss class action claims brought against it by issuing banks. The banks are seeking recovery of losses they allegedly incurred as a result of Target’s data breach in December 2013. >>

ISDA Publishes Resolution Stay Protocol

On November 12, 2014, the International Swaps and Derivatives Association, Inc. published the ISDA Resolution Stay Protocol. Eighteen of the world’s largest banks and their affiliates have agreed to sign the Protocol, which is open for adherence and has an effective date of January 1, 2015. >>

CFPB Relaxes Rules Governing Privacy Disclosures

The Consumer Financial Protection Bureau (“CFPB”) announced today that it would allow financial institutions to provide their privacy notices to consumers online and would no longer require annual distribution of paper copies, provided that the institutions meet certain requirements. >>

Outbound Investing - Japan Goes Global

Presented at PERE Forum: Japan 2014. >>

The Client in the Driver's Seat

Our Client
InterOil Corporation, a public company developing a liquefied natural gas (LNG) facility in Papua New Guinea

The Problem
InterOil was positioned to use its very substantial natural gas discoveries to develop an LNG liquefaction facility in Papua New Guinea.  It was clear from the start that, while InterOil had the resources, vision and expertise to drive the project, some very large U.S. and European financial players needed to be brought into the project to provide additional development stage financing to allow the project to move ahead.  The fact that negotiations needed to transpire across several time zones (Papua New Guinea is in the vicinity of Australia) was a complicating factor.

The Haynes and Boone Solution
Through tough negotiation and creative structuring, we were able to assist InterOil in securing the development funding InterOil needed, while keeping them where they belonged - in the driver's seat of this complex project.

The Outcome
The first phase of the financing package was completed in the summer of 2007.  Current estimates anticipate that this will ultimately be a multi-billion dollar project.

For more information about this case study, please contact Arthur Cohen at  or Herb Glaser at  .