During the 2024 Regular Session of the Louisiana Legislature, the Louisiana Natural Resources Trust Authority was created to address a longstanding problem involving abandoned or orphan wells. This Trust Authority will allow the State of Louisiana to revamp its approach to orphan well management and finance, with goals of responsible development and cost savings across the
Ambrose Stearns
Dangers of Dissolving Your LLC Business via Short Form Affidavit
A business owner in Louisiana who wishes to dissolve his or her non-operating LLC may run across information demonstrating how to dissolve the LLC with the Louisiana Secretary of State using an affidavit provided by the Secretary of State. Although this can be a valid method of dissolving an LLC, business owners should beware that…
Issuing Unconditional “McDill” Tender to Plaintiffs with Pre-Existing Injuries
Under Louisiana law, uninsured/underinsured (“UM”) insurers are under strict requirements to issue “good faith” unconditional tenders of the undisputed portion of the plaintiff’s damages. These unconditional tenders are not contingent on the final disposition of the case, rather they must be paid up front and cannot be recovered in the event of a lower judgment…
John Bel Edwards Extends Legal Deadlines and Eases Requirements for Making Unemployment Insurance Claims in Wake of Hurricane Ida
On September 6, 2021, Louisiana Governor John Bel Edwards signed and issued Emergency Proclamation 170 JBE 2021 (the “Proclamation”) designed to provide assistance to certain groups affected by Hurricane Ida, including a temporary suspension of certain deadlines and requirements relating to unemployment insurance as well as the temporary suspension of legal deadlines applicable to legal…