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News releases, reports, statements and associated documents from U.S. and international businesses.
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Wiley Files Trade Petitions for Leading U.S. Solar Manufacturers to Combat China's Illegal & Harmful Trade Practices in Vietnam, Malaysia, Cambodia, Thailand
WASHINGTON, April 25 -- Wiley Rein, a law firm, issued the following news release:
The American Alliance for Solar Manufacturing Trade Committee, made up of leading U.S. solar manufacturers from across the country (Convalt Energy, First Solar, Meyer Burger, Mission Solar, Qcells, REC Silicon, and Swift Solar), represented by DC law firm Wiley Rein LLP, today filed a set of antidumping and countervailing duty petitions with the U.S. International Trade Commission (USITC) and the U.S. Department of Commerce to investigate potentially illegal trade practices by Cambodia, Malaysia, Thailand, and Vietnam
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WASHINGTON, April 25 -- Wiley Rein, a law firm, issued the following news release:
The American Alliance for Solar Manufacturing Trade Committee, made up of leading U.S. solar manufacturers from across the country (Convalt Energy, First Solar, Meyer Burger, Mission Solar, Qcells, REC Silicon, and Swift Solar), represented by DC law firm Wiley Rein LLP, today filed a set of antidumping and countervailing duty petitions with the U.S. International Trade Commission (USITC) and the U.S. Department of Commerce to investigate potentially illegal trade practices by Cambodia, Malaysia, Thailand, and Vietnamthat are injuring the U.S. solar industry. The companies subject to this investigation would be primarily Chinese-headquartered companies.
"America's solar manufacturing industry is on the cusp of tremendous growth that will create jobs and change the trajectory of our clean energy transition for decades to come. However, this manufacturing renaissance is being threatened by China's industrial policy, which has led to massive subsidization in China and Southeast Asia. This is resulting in high volumes of dumping on global markets including the U.S., injuring our domestic producers," said Tim Brightbill, co-chair of Wiley's International Trade Practice and lead counsel to the petitioner, the American Alliance for Solar Manufacturing Trade Committee. "We are seeking to enforce the rules, remedy the injury to our domestic solar industry, and signal that the U.S. will not be a dumping ground for foreign solar products."
This action comes less than a year after the U.S. Department of Commerce made its final determination that Chinese solar manufacturers were circumventing tariffs on solar cells and solar panels by shipping their products through Cambodia, Malaysia, Thailand, and Vietnam. However, the administration imposed a two-year moratorium on these tariffs, giving the Chinese-owned solar manufacturers in these countries time to shift their supply chains. Companies found to be circumventing the tariffs are not expected to pay tariffs when the moratorium ends in June 2024, because their Southeast Asia-based supply chains mean they are no longer in technical violation as outlined in the circumvention decision. This new trade case is required to address the unfair trade practices by these solar manufacturers in Cambodia, Malaysia, Thailand, and Vietnam.
The alleged dumping and subsidization of products made in Southeast Asia to avoid U.S. trade rules has led to a historic glut of solar panels believed to be sold at prices below the cost of production. The International Energy Agency (IEA) reports that there is a year and a half of stockpiled panels in American warehouses. Imports into the U.S. exceeded installations in 2023 by more than 25 gigawatts, and prices have fallen by more than 50% in that time. This anti-competitive, market-distorting behavior undermines the level playing field necessary for U.S. solar manufacturers to compete on their own merits.
The cases come on the heels of U.S. Treasury Secretary Janet Yellen's recent remarks that "China's overcapacity distorts global prices and production patterns and hurts American firms and workers." Chinese-owned companies' global market share in solar products is more than 80%. The current environment, if left unaddressed, threatens America's ambitions of building a domestic solar manufacturing supply chain and mitigating the risk of an overreliance on Chinese solar.
Convalt Energy, First Solar, Meyer Burger, Mission Solar, Qcells, REC Silicon, and Swift Solar are leading companies in the 34,000-worker strong solar manufacturing industry, with plans to add tens of thousands more good-paying, long-term jobs to the U.S. economy in the coming years. These collective investments are critical to hitting U.S. climate goals. Cornell University found that onshoring the solar supply chain could cut 30% of global solar manufacturing emissions. According to a study by the Blue Green Alliance, if all U.S. developers sourced 55% of their manufactured solar goods domestically, the solar manufacturing industry would support 900,000 jobs by 2035.
"Solar is the most cost-effective form of energy, even when made in the United States," said Tim Brightbill. "There is no need to rely on artificially low-priced products that injure U.S. manufacturers to power America's clean energy transition." Wiley's team representing the petitioner also includes International Trade partners Laura El-Sabaawi and Stephanie M. Bell.
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FACT SHEET
Antidumping and Countervailing Duties: Antidumping duties are intended to offset the amount by which a product is sold at less than fair value, or "dumped," in the United States. The margin of dumping is calculated by the Commerce Department. Countervailing duties are intended to offset unfair subsidies that are provided by foreign governments and benefit the production of a particular good. After affirmative preliminary determinations by the Commerce Department, estimated duties in the amount of the dumping and subsidies will be collected from importers at the time of importation. The USITC, an independent agency, will determine whether the domestic industry is materially injured or threatened with material injury by reason of the unfairly traded imports.
Next Steps: The Commerce Department will determine whether to initiate the investigations within 20 days of today's filing, and the USITC will reach a preliminary determination of material injury or threat of material injury within 45 days. The entire investigative process will take approximately one year, with final determinations of dumping, subsidization, and injury likely occurring spring 2025. The collection of preliminary countervailing and antidumping duties will begin approximately four months and six months, respectively, after initiation.
Product Description: The products subject to the petitions are crystalline silicon photovoltaic cells, whether or not assembled into modules, from Cambodia, Malaysia, Thailand, and Vietnam.
Petitioner: The petitioner in the case is the American Alliance for Solar Manufacturing Trade Committee, a coalition of seven member and supporter companies: Convalt Energy, First Solar, Meyer Burger, Mission Solar, Qcells, REC Silicon, and Swift Solar. The petitioner is represented by Wiley Rein LLP.
For more information on this petition, visit
AmericanSolarTradeCmte.org
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Original text here: https://www.wiley.law/pressrelease-Wiley-Files-Trade-Petitions-for-Leading-US-Solar-Manufacturers-to-Combat-Chinas-Illegal-and-Harmful-Trade-Practices-in-Vietnam-Malaysia-Cambodia-and-Thailand
[Category: BizLaw/Legal]
White & Case Advises IMA on Fund High Yield Senior Secured Notes Issuance
NEW YORK, April 25 -- White and Case, a law firm, issued the following news release:
Global law firm White & Case LLP has advised I.M.A. Industria Macchine Automatiche S.p.A., one of the leading companies in the automated solutions for packaging industry, on the issuance of Euros450 million senior secured floating rate high yield notes due 2029, as well as on the Euros25 million upsizing of its revolving credit facility.
The notes are listed on the Luxembourg Stock Exchange's Euro MTF market.
The White & Case team that advised on the transaction's capital markets aspects was led by partners
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NEW YORK, April 25 -- White and Case, a law firm, issued the following news release:
Global law firm White & Case LLP has advised I.M.A. Industria Macchine Automatiche S.p.A., one of the leading companies in the automated solutions for packaging industry, on the issuance of Euros450 million senior secured floating rate high yield notes due 2029, as well as on the Euros25 million upsizing of its revolving credit facility.
The notes are listed on the Luxembourg Stock Exchange's Euro MTF market.
The White & Case team that advised on the transaction's capital markets aspects was led by partnersMichael Immordino (London & Milan) and James Greene (London) and local partner Pietro Magnaghi (Milan), and included associates John Sanders (Milan) and lawyer Lucia Onofri (Milan).
The team that advised on the debt finance aspects included partner Iacopo Canino (Milan), local partner Bianca Caruso (Milan) and associate Beatrice Bertuzzi (Milan). The team that advised on US tax aspects included partner Chad McCormick (Houston) and associate Daniel Park (New York).
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Original text here: https://www.whitecase.com/news/press-release/white-case-advises-ima-eu450-million-high-yield-senior-secured-notes-issuance
[Category: BizLaw/Legal]
Vox Media and SB Nation's Secret Base Launches Subscription Product
WASHINGTON, April 25 -- Vox Media issued the following news on April 24, 2024:
Today, Vox Media and SB Nation announced that Secret Base, its award-winning, critically-acclaimed YouTube channel, will be launching Top Secret Base, a new subscription product beginning Wednesday, May 1. Every month, subscribers to Top Secret Base will have access to exclusive content from the Secret Base team including monthly episodes of The Annex, the team's first ever podcast, along with new series and episodes of fan favorite franchises, monthly newsletters, and articles.
In addition to The Annex, the first
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WASHINGTON, April 25 -- Vox Media issued the following news on April 24, 2024:
Today, Vox Media and SB Nation announced that Secret Base, its award-winning, critically-acclaimed YouTube channel, will be launching Top Secret Base, a new subscription product beginning Wednesday, May 1. Every month, subscribers to Top Secret Base will have access to exclusive content from the Secret Base team including monthly episodes of The Annex, the team's first ever podcast, along with new series and episodes of fan favorite franchises, monthly newsletters, and articles.
In addition to The Annex, the firstthree months of Top Secret Base will feature the return of Pretty Good from Jon Bois, executive producer at Secret Base. Ranging from 15-minute to hour-long episodes, these true stories have included "The Dumbest Boy Alive," "Baron Davis from 89 Feet," and more. Subscribers will also receive early access to one new episode from the Secret Base YouTube channel ahead of its release. And lastly, video producer Alex Rubenstein's Dorktown column will return.
"Pretty Good was my first-ever documentary series," said Bois. "Episodes were about anything and everything, with the only rule being that it had to be a good story. Ever since its run ended back in 2017, people have asked if I will bring it back. I think they missed the amateurish editing and ear-splitting audio spikes. Unfortunately, the production quality is considerably higher this time around, but we think people will love it anyway."
Launching through the creator company Patreon, the Top Secret Base subscription will have three different offering tiers, ranging from free to $10 a month. The free subscription offers fans a monthly newsletter that rounds up the latest videos available from Secret Base on their YouTube channel and their Patreon platform along with one piece of short form content. The $5 monthly subscription gives subscribers access to a weekly piece of content, from an episode of Pretty Good to a new episode of the Secret Base podcast, as well as items like an advanced screening of videos before they publish to YouTube or longform written Dorktown columns. The $10 monthly subscription includes those perks, plus new ways to interact with Secret Base creators. They can participate in the subscriber mailbag, a place for members to ask Secret Base creators questions, they can vote on future video topics, and they will also be included in a "special thanks"portion at the end of every YouTube video.
Will Buikema, executive producer of Secret Base added, "Secret Base turns four years old in August, which is roughly 45 in media years. Does that mean Top Secret Base is our mid-life crisis? Maybe. But more than that, it represents our ambitious nature and desire to give an audience something they want before they even expect it."
"Patreon is influencing the future of fandom and we're thrilled to be working with Secret Base to provide their fans exclusive first-access to their content," said Rory Brown, Chief Brand Officer at Patreon.
Since Secret Base's launch four years ago, the team of creative video storytellers has earned critical praise and industry recognition. As Indiewire noted, Secret Base "has reinvented the sports documentary for the digital age" resulting in multiple award wins and nominations from the New York Emmys, Digiday, Webbys, and more. In addition, last year The Atlantic named The History of the Minnesota Vikings a top 10 film and the New York Times called The History of the Atlanta Falcons "so special and refreshing: It's a wild departure from the talking-heads literalism you'll find elsewhere." In a 2022 profile The New York Times called Bois "the poet laureate of sports statistics."
Recent and notable premieres and franchises for Secret Base include The History of the Minnesota Vikings, How to Make a Basket: Kobe vs. Shaq, Chosen, Beef History, Prism, Rewinder, and more.
Subscribers can sign up for the Secret Base subscription product starting today at patreon.com/secretbase.
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About Secret Base:
Secret Base is an SB Nation franchise that focuses on smart, captivating, entertaining stories that happen to be about sports, and finding unconventional ways to tell them. We take community very seriously, inviting our fans to come along with us as we go on various absurd journeys. We recognize that sports are silly, but it's fun to take silly things seriously, and that's exactly what we do. As such we fill a special place in sports media, tapping into a diverse and dedicated fan base across sports lovers and the people who "don't like sports" alike.
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Original text here: https://www.voxmedia.com/2024/4/24/24138643/vox-media-and-sb-nations-secret-base-launches-subscription-product
[Category: MediaBiz]
Reed Smith Shortlisted as 'Finance & Legal Team of the Year' in EVTOL Insights Advanced Air Mobility Awards 2024
PITTSBURGH, Pennsylvania, April 25 -- Reed Smith, a law firm, issued the following news release on April 24, 2024:
Global law firm Reed Smith today announced that its aviation practice is one of only three firms shortlisted as 'Finance & Legal Team of the Year' in the eVTOL Insights Advanced Air Mobility (AAM) Awards 2024.
Highly experienced with more than a decade of commitment to the sector, Reed Smith is at the forefront of providing legal advice and guidance on drones, eVTOLs and other unmanned aircraft systems, particularly since publishing its 2015 white paper, 'Crowded Skies: Opportunities
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PITTSBURGH, Pennsylvania, April 25 -- Reed Smith, a law firm, issued the following news release on April 24, 2024:
Global law firm Reed Smith today announced that its aviation practice is one of only three firms shortlisted as 'Finance & Legal Team of the Year' in the eVTOL Insights Advanced Air Mobility (AAM) Awards 2024.
Highly experienced with more than a decade of commitment to the sector, Reed Smith is at the forefront of providing legal advice and guidance on drones, eVTOLs and other unmanned aircraft systems, particularly since publishing its 2015 white paper, 'Crowded Skies: Opportunitiesand Challenges in an Era of Drones', authored by a team of 24 attorneys.
Richard Hakes, aviation partner and chair of the firm's Transportation Industry Group, said: "We are delighted to have been recognized by eVTOL Insights for our work in the advanced air mobility sector. We understand that AAM will revolutionize air transportation and there is a pressing need to act now to understand the legislative, regulatory and infrastructure needs of this emergent technology."
Earlier this year, Hakes was the first ever attorney in private practice to be named in eVTOL Insights' Power Book 2024, which celebrates 20 thought leaders, influencers and innovators shaping the landscape of the advanced air mobility market. Prior to this recognition, in 2023, the firm's transportation policy and analysis lead, Julia Norsetter, formerly of the U.S. Federal Aviation Administration (FAA), was recognized in eVTOL Insights' 'Women in eVTOL: Special Report 2023'.
The winners will be announced at an awards ceremony which will take place after eVTOL Insights' Montreal Conference on Thursday, May 2.
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Original text here: https://www.reedsmith.com/en/news/2024/04/reed-smith-finance-legal-team-year-evtol-insights-advanced-air-mobility
[Category: BizLaw/Legal]
Netflix: 'Drawing Closer' Teaser Offers a Glimpse Into Heartfelt Japanese Romance Ahead of June 27 Premiere
LOS GATOS, California, April 25 -- Netflix, an Internet television network provider, issued the following news:
Set to tug at the heartstrings of audiences worldwide, the teaser for Drawing Closer has been unveiled, with a premiere set for June 27. The live-action film is adapted from the beloved novel by Ao Morita, titled "Yomei Ichinen to Senkoku Sareta Boku ga, Yomei Hantoshi no Kimi to Deatta Hanashi," which translates to "The story of how I, who was told I only had one year to live, met you, who only had half a year."
Originally a hit on a self-publishing platform, the story moved readers
... Show Full Article
LOS GATOS, California, April 25 -- Netflix, an Internet television network provider, issued the following news:
Set to tug at the heartstrings of audiences worldwide, the teaser for Drawing Closer has been unveiled, with a premiere set for June 27. The live-action film is adapted from the beloved novel by Ao Morita, titled "Yomei Ichinen to Senkoku Sareta Boku ga, Yomei Hantoshi no Kimi to Deatta Hanashi," which translates to "The story of how I, who was told I only had one year to live, met you, who only had half a year."
Originally a hit on a self-publishing platform, the story moved readersto tears despite its revealing title. After Poplar Publishing picked it up, it went viral on social media with the book series now having sold over 450,000 copies.
Drawing Closer follows the intertwined lives of Akito Hayasaka and Haruna Sakurai. Portrayed by Ren Nagase in his first Netflix role, Akito is a young man who has given up on life after receiving a terminal diagnosis -- until he meets someone who rekindles his will to live. Natsuki Deguchi (The Makanai: Cooking for the Maiko House) plays Haruna, who becomes Akito's beacon of hope.
The teaser clip showcases Takahiro Miki's skillful direction, highlighting the fleeting moments of joy between Akito and Haruna. Their smiles, a touching reminder to cherish the present moment, are sure to leave a lasting impression. Tomoko Yoshida, known for Let Me Eat Your Pancreas and her previous collaboration with Miki on My Tomorrow, Your Yesterday, pens the screenplay that delicately explores young love and life's fleeting nature.
The soundtrack, composed by Seiji Kameda, who has worked with Miki on Even If This Love Disappears from the World Tonight, enhances the film's emotional depth. Complementing this, the teaser trailer features the song "Wakamono No Subete" by Fujifabric, perfectly capturing the essence of this bittersweet romance.
Nagase shared his thoughts after viewing the completed film. "I took on this role because I had never been in a classic love story like this. Looking back, I believe the film is filled with kindness. The songs in the film and the music by Kameda are wonderful. The final scene moved me to tears."
Prepare your tissues for Drawing Closer, streaming on June 27, only on Netflix.
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Diagnosed with a terminal heart disease, Akito faces the harsh reality of his limited time. Amidst his despair, he meets Haruna, who, despite living with a terminal illness herself, displays an unflinching courage towards death. As Akito, concealing his own illness, grows increasingly intrigued by Haruna, he grapples with a poignant question: Can he fall in love, knowing their time together is fleeting?
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Project Details:
Based on the novel : Ao Morita "Yomei Ichinen to Senkokusareta Bokuga, Yomei Hantoshi no Kimi to Deatta Hanashi" (POPLAR)
Director: Takahiro Miki
Screenplay: Tomoko Yoshida
Music: Seiji Kameda
Cast: Ren Nagase, Natsuki Deguchi
Executive Producer: Shuhei Akita (Netflix)
Producers: Kei Haruna, Sho Toguchi, Tatsuya Banno
Production: Nikkatsu Django Film
Produced by: Netflix
Drawing Closer premieres June 27, only on Netflix.
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Play Video here: https://youtu.be/M0LNopptkMo
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Original text here: https://about.netflix.com/en/news/drawing-closer-teaser-trailer-main-key-art
[Category: Media]
Greenberg Traurig Adds Veteran Public Finance Attorney Lance C. Tyson in Chicago
CHICAGO, Illinois, April 25 -- Greenberg Traurig, a law firm, issued the following news release:
Global law firm Greenberg Traurig, LLP has added Lance C. Tyson as of counsel in the firm's Public Finance & Infrastructure Practice in Chicago.
With more than two decades of experience representing local governments, government authorities, and financial institutions, Tyson provides practical, strategic advice to clients on governmental and business matters. He works across several practice areas with emphasis in the areas of public finance, real estate, banking, tax credits, public investment funds,
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CHICAGO, Illinois, April 25 -- Greenberg Traurig, a law firm, issued the following news release:
Global law firm Greenberg Traurig, LLP has added Lance C. Tyson as of counsel in the firm's Public Finance & Infrastructure Practice in Chicago.
With more than two decades of experience representing local governments, government authorities, and financial institutions, Tyson provides practical, strategic advice to clients on governmental and business matters. He works across several practice areas with emphasis in the areas of public finance, real estate, banking, tax credits, public investment funds,and government affairs, helping clients develop strategies and achieve their business goals.
"Welcoming Lance to Greenberg Traurig is a true pleasure and a key component in our strategic expansion of the firm's public finance capabilities in Chicago," said Franklin D.R. Jones Jr., co-chair of the firm's Public Finance & Infrastructure Practice. "Lance's significant experience in public service within a wide range of government entities will undoubtedly be valuable to our clients locally and beyond."
Tyson's public service tenure includes serving as chief of staff to the Cook County Board president, legislative counsel to the mayor of the City of Chicago, the Democratic Party's slated candidate for the 10th Legislative District of the State of Illinois, and member of the Cook County Sheriff's Merit Board.
Tyson joins his wife, Chicago Shareholder Lorraine M. Tyson, who also is a member of Greenberg Traurig's Public Finance & Infrastructure Practice. The firm has more than 180 attorneys in the Chicago office.
"Greenberg Traurig's unmatched platform, network, and collaborative culture, coupled with Lorraine's section 103 tax experience, will provide me with the most effective tools to represent clients in this market" Tyson said.
Greenberg Traurig was recently selected to serve as the City of Chicago's disclosure counsel in connection with its upcoming general obligation transaction.
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Original text here: https://www.gtlaw.com/en/news/2024/04/press-releases/greenberg-traurig-adds-veteran-public-finance-attorney-lance-c-tyson-in-chicago
[Category: BizLaw/Legal]
Duane Morris Partner Matthew C. Gaudet Selected as a Distinguished Leaders Honoree by the Daily Report 2024 Southeastern Legal Awards
ATLANTA, Georgia, April 25 -- Duane Morris, a law firm, issued the following news release:
Duane Morris partner Matthew C. Gaudet was selected as a Distinguished Leaders honoree by the Daily Report. The honor is part of the publication's 2024 Southeastern Legal Awards, which celebrate achievement and excellence for lawyers who have left an indelible mark on the legal community in the Southeast and beyond through their unwavering dedication to the profession.
The honorees will be recognized at a gala on June 20 in Atlanta. In June, the Daily Report will also publish a special section, further
... Show Full Article
ATLANTA, Georgia, April 25 -- Duane Morris, a law firm, issued the following news release:
Duane Morris partner Matthew C. Gaudet was selected as a Distinguished Leaders honoree by the Daily Report. The honor is part of the publication's 2024 Southeastern Legal Awards, which celebrate achievement and excellence for lawyers who have left an indelible mark on the legal community in the Southeast and beyond through their unwavering dedication to the profession.
The honorees will be recognized at a gala on June 20 in Atlanta. In June, the Daily Report will also publish a special section, furtherhighlighting the skilled attorneys and their important accomplishments.
Matthew C. Gaudet serves as vice chair of the firm's Intellectual Property Practice Group. Over the last 25-plus years, he has defeated dozens of patents through trials, summary judgment rulings and IPRs, and he regularly appears before the Federal Circuit.
In 2023 alone, he won trials for Cisco Systems, SonicWall and Fortinet, and he has served as lead counsel for other major technology companies including Verizon, Microsoft, Comcast and Cox Communications. He has also collected more than $100 million for patent holders. Gaudet was previously recognized as one of the top five IP lawyers under 40 in the country by Law360. For each of the last three years, he has been listed in Lawdragon 500 Leading Litigators in America. Every year since 2009, Chambers USA: America's Leading Lawyers for Business included Gaudet in its listing of leading IP lawyers in Georgia.
Gaudet is a 1997 magna cum laude graduate of Duke University School of Law and a 1993 magna cum laude graduate of Louisiana State University.
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Original text here: https://www.duanemorris.com/pressreleases/matthew_gaudet_distinguished_leaders_daily_report_2024_southeastern_legal_awards_0424.html
[Category: BizLaw/Legal]
