On June 18, 2024, the Department of the Treasury and the IRS issued final regulations (T.D. 9998) regarding compliance with the prevailing wage and apprenticeship (PWA) requirements. These regulations impact many of the clean energy tax credits introduced or expanded by the #InflationReductionAct of 2022. Key Highlights: ➡️Prevailing Wage Requirements: Ensures fair wages for laborers and mechanics during construction, alteration, and repair. ➡️Apprenticeship Requirements: Mandates the use of apprentices in construction projects. ➡️Record-Keeping: Detailed requirements for maintaining compliance records. For detailed insights on how these regulations might impact your projects, read our coverage: https://lnkd.in/g6qycUuE
Vinson & Elkins
Law Practice
Houston, Texas 29,188 followers
Providing deep legal experience with transactions, investments, projects, and disputes worldwide for over 100 years.
About us
For more than 100 years, Vinson & Elkins has provided deep experience in handling transactions, investments, projects, and disputes worldwide. The firm is a trusted adviser to clients in the most important industrial and digital industries. Learn more by visiting www.velaw.com. Attorney Advertising. Prior results do not guarantee a similar outcome.
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https://velaw.com/weareve
External link for Vinson & Elkins
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- Law Practice
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- 1,001-5,000 employees
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- Houston, Texas
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- Partnership
- Founded
- 1917
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- Banking & Finance, Corporate, Counseling & Regulatory, Environmental & Natural Resources, Intellectual Property, Labor & Employment, Litigation, Projects, Real Estate, Restructuring & Reorganization, Tax, Executive Compensation & Benefits, and Pro Bono
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Vinson & Elkins has once again been recognized as a top-tier firm in the 2025 Vault rankings. We are honored to be named a Vault Law 100 firm, highlighting our prestige nationwide as voted by law firm associates. For the eleventh consecutive year, V&E has secured the #1 spot as the Best Firm in Texas and the Best Law Firm Practice in Energy, Oil & Gas. Our commitment to excellence is reflected in the quality of our work and the opportunities we provide to our talent. As one associate puts it: “The work at V&E is truly cutting edge; it is not atypical to see news articles about transactions and cases that V&E attorneys worked on." #VEproud Learn more: https://lnkd.in/gAp-WyP8
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Debates involving the power of federal regulatory agencies have split opinion since the very beginnings of the regulatory state. Now, the Supreme Court has handed down three watershed decisions — #LoperBright, #CornerPost, and #Jarkesy — that promise to reshape the debates and the regulatory state itself. In this edition of Vantage Point, we look at each of the decisions in turn. #SupremeCourt #Regulation
The Supreme Court’s Watershed Week
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Vinson & Elkins has been ranked second in the legal adviser league tables for defense against shareholder campaigns for the first half of 2024. 🏆 "Our team has been at the forefront of navigating intense "agitation" from activist investors pushing for high-profile changes at companies" As Patrick Gadson, a partner at V&E who co-leads our shareholder activism practice, stated, this year has been particularly dynamic. Read more: https://ow.ly/uV5Z50SzT7H
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Curious about how recent Supreme Court decisions are reshaping agency power? Join our attorneys from the appellate, energy regulatory, environmental, tax, securities, and employment practices as they delve into the impact of landmark rulings on administrative law and practice. Discover what these changes mean and what comes next. 💡 Topic: Redefining Agency Power: The Impact of the Supreme Court’s Decisions in Jarkesy, Loper Bright, and Corner Post 📅 Date: July 11, 2024 🕒 Time: 12:00 – 1:30 p.m. CT; 1:00 – 2:30 p.m. ET 📍 Location: Webcast Stay ahead of the curve. RSVP now: https://lnkd.in/gbznZgHh
Redefining Agency Power: The Impact of the Supreme Court’s Decisions in Jarkesy, Loper Bright, and Corner Post | Insights | Vinson & Elkins LLP
velaw.com
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Speaking with his alma mater, Partner Alan J. Alexander reflects on his role in the #energytransition – helping clients develop and finance complex energy and infrastructure projects in the global effort to reduce GHG emissions. Notable projects for Alan have included a $75 million investment from Bill Gates’ Breakthrough Energy Catalyst fund to produce #sustainableaviationfuel; an ultra-low-carbon #ammonia facility on the Texas Gulf Coast; and the scaling up of methane pyrolysis technology to produce low-carbon #hydrogen. Read more about what’s keeping Alan busy in the latest issue of University of Michigan Law School Quadrangle. https://lnkd.in/gBnwM7Ju
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Texas Judge Ada Brown has issued an Order and preliminary injunction against the FTC’s finalized rule banning #noncompete agreements, for plaintiffs only. Brown found that the Commission lacks authority to create such rules and that the rule was arbitrary and capricious. A final ruling is expected by August 30, 2024, which may block the rule. Parallel lawsuits are ongoing, and appeals to higher courts are anticipated. Get more of the details from our #antitrust and #employmentlaw teams here: https://lnkd.in/g_tShzP8
“No More Non-Competes,” Part Three: Texas Judge Issues Limited Order Partially Blocking FTC Noncompete Rule | Insights | Vinson & Elkins LLP
velaw.com
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The U.S. Supreme Court's recent decision in the Corner Post case opens the door for significant challenges to longstanding Treasury regulations. Now, the ball is in Congress's court to address these potential upheavals. 📜⚖️ Discover the implications of this landmark ruling and what it means for the future of tax law. Read more: https://lnkd.in/g3rBPYNA
“The Ball is in Congress’ Court”: U.S. Supreme Court in Corner Post Paves the Way for Challenges to Longstanding Treasury Regulations | Insights | Vinson & Elkins LLP
velaw.com
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The Supreme Court's supermajority has significantly reduced administrative agency authority in the Loper Bright case, with far-reaching consequences for the federal tax system. This landmark decision is poised to reshape the legal landscape, affecting businesses and individuals alike.⚖️ Dive deeper into the impact and what it means for you: https://lnkd.in/gGFUPsmG
"A Massive Shock to the Legal System": Supreme Court Supermajority Significantly Curtails Administrative Agency Authority in Loper Bright with Momentous Impact on Federal Tax System | Insights | Vinson & Elkins LLP
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