Milbank LLP

Milbank and The Legal Aid Society filed a putative class action against New York City over the New York Police Department’s (“NYPD”) practice of illegally accessing, using and disclosing sealed arrest-related records of New York youth ages 7 through 17. The lawsuit seeks to end this unlawful NYPD practice and enforce the statutory rights of the thousands of New Yorkers whose sealed records are routinely accessed, used and disclosed by the NYPD. The #probono team includes Litigation & Arbitration partner Tawfiq Rangwala, special counsel Melanie Westover Yanez, associates Carmit Patrone, Allison Kempf, Davis Campbell, Amna Rashid and summer associate Carley O. Read more:

In an article for Law360, Milbank #Litigation & #Arbitration partners Nola Heller and Matthew Laroche and special counsel John Hughes discuss the DOJ’s new Corporate Whistleblower Awards Pilot Program, how it differs from preexisting SEC and CFTC whistleblower incentive programs, and the potential challenges for companies and the DOJ alike in successfully implementing it. Read “Why DOJ's Whistleblower Program May Have Limited Impact” here: https://lnkd.in/df5CMurS

Advances in #artificialintelligence (#AI) are driving demand for construction of new data centers. This demand for computational power is in turn driving sharp increases in projected demand for electric power nationally, thereby fueling rapid deployment of capital to fund projects of unprecedented magnitude. Read more about emerging #regulatory and development challenges for #datacenter deployment, which places extraordinary electric power intensity demands on an already-stressed national power grid: https://lnkd.in/dMCQPgE6

Milbank represented a joint venture among the Witkoff Group, Monroe Capital and Access Industries in connection with the $1.2B refinancing of the joint venture’s construction loan from JPMorgan with new mortgage financing from JPMorgan and new mezzanine financing from TYKO Capital, an affiliate of Elliott Management. The refinancing will provide funding for the final completion of the luxury residential condominium known as “One High Line,” as well as for the completion of the 120-key ultra-luxury Faena hotel located within the project and scheduled to open in 2025. The deal team was led by Real Estate partner Kevin O'Shea, along with associates Matthew Freifeld, Shannon Mis-Marzano, and Joseph H. Powers. Read more: https://lnkd.in/eg73HGuW

Project, Energy & Infrastructure Finance partner Munib Hussain was recently interviewed by news anchor Sahar Mizari on Asharq Business, a leading Middle East business news provider in collaboration with Bloomberg. He discussed the firm’s role in advising the dealers on the offering of $3B in Dual-Tranche Bonds by GreenSaif Pipelines BidCo S.à r.l, highlighting the trends his team is seeing in the #energy and #infrastructure space. Read more: https://lnkd.in/eDkKdQ_g

The use of innovative litigation-financing tools should be part of the calculus as to whether to initiate a dispute proceeding. One such tool is to “monetize” the arbitral award, which usually means sharing the claimant’s potential entitlement to monetary damages with a third-party buyer in exchange for immediate or accelerated payments. Read more from Viren Mascarenhas and Kamel Aitelaj on award monetization in the latest Milbank Insight: https://lnkd.in/eP-dJg2P

Milbank advised the underwriters in connection with NatWest Group Plc’s offering of $1.75B Senior Notes. The Milbank team was led by Corporate Finance and Securities partner David Dixter, associate Kristian Sutt, law clerk Caroline Green and legal assistant Kyriaki K. Read more: https://lnkd.in/e-w2Tush

Pleased to announce that Milbank has been recognized by The Legal 500 for achieving the highest level of client satisfaction across several key markets in Asia, including Japan, Korea, China, the Philippines, India and Singapore. The Legal 500 surveys more than 300,000 clients annually to assess the capabilities of the world’s best law firms according to multiple criteria. This is the first time the publication has recognized the leading firms – those with scores in the top 10% in each jurisdiction – for client satisfaction excellence. Read more: https://lnkd.in/eys23kp8

Milbank advised LS Power in connection with its agreement with Algonquin Power & Utilities Corp. to acquire its #renewableenergy business. The renewables business is comprised largely of #wind and #solar assets, including 44 operating assets with more than 3,000 megawatts (MW) of generating capacity and an 8,000 MW pipeline of wind, solar, #battery energy storage and renewable natural gas projects in various stages of development. The team was led by Project, Energy and Infrastructure Finance partners Bill Bice and Jeffrey Leider. The team also included Project, Energy and Infrastructure partner Kyle R. Smit, special counsel Jeremy R. Schwer and Rhys Howard, and associates Anya Andreeva-Quirk, Ariel Oseasohn, Julia Zenker, Joe Folds, Kelsey Scribner, Annie Harper, Eliza Schmitt, Aljoharah Albasri, Travis Haltom, Chelsea Minuche, Sama Rahman, Natália Marques d'Avila, Zachary Birenbaum, Upasana Guha Niyogi, and Aaron Rudyan, and Tax partner Max Goodman and associates David Hanno and Jesse Hong. Read more: https://lnkd.in/eteUdhHz

Milbank advised Pick n Pay on its successful ZAR4.0 billion rights offering. The Milbank team was led by Corporate Finance and Securities partner David Dixter, and associates Kristian Sutt and Panagiotis Tsezos. Read more: https://lnkd.in/eyANNi2i