EnergyPolicy

Trump Administration Backs Offshore Drilling Revival Despite California Oil Spill Legacy and Legal Challenges

The Trump administration is supporting a Texas company’s controversial plan to restart offshore oil drilling in California waters, where a 2015 pipeline rupture caused one of the state’s worst environmental disasters. Sable Offshore Corp. faces multiple legal challenges from environmental groups and state agencies as it seeks to revive production in federal waters beyond state jurisdiction.

Controversial Offshore Drilling Project Moves Forward

Federal officials under the Trump administration are reportedly backing a Texas-based energy company’s efforts to resume oil production off the Southern California coast, according to sources familiar with the matter. This development comes nearly a decade after a catastrophic pipeline failure caused what analysts describe as one of the state’s worst environmental disasters in decades.

BusinessLegal

Investment Funds Launch Legal Action Against Lingerie Retailer Over Debt Restructuring

Three prominent investment funds have initiated legal proceedings against Dutch lingerie retailer Hunkemöller International BV and trustee TMF Group. The lawsuit centers on allegations that a recent debt transaction violated creditor rights when Redwood Capital Management assumed control of the company.

Legal Challenge Over Debt Restructuring

Three prominent investment funds have launched legal action against Dutch lingerie retailer Hunkemöller International BV and trustee TMF Group over a controversial debt restructuring deal, according to court documents filed in London. Cheyne Capital Management, Man Group Plc, and Contrarian Capital Management allege that a transaction transferring control to Redwood Capital Management violated their rights as creditors, sources indicate.