Coordinating a multitude of complex matters.
For clients who do business in highly regulated industries, tracking compliance requirements by jurisdiction can be a complicated, time-consuming effort. An energy client retained Alston & Bird to help manage the financial assurance requirements and instruments necessary for each of their facilities, which were subject to federal regulations as well as requirements that differed by state.
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Individual tracking for easier adjustments.
Alston & Bird analyzed all requirements and developed a secure tool with a custom database to track financial assurances and instruments by facility. The solution includes:
- Complex database calculations to determine the financial assurance amounts.
- Tracking of renewal dates and inflation adjustments dates.
- A user-friendly wiki that made it simple for anyone to perform analysis of federal and state requirements
- Notifications that verified the appropriate financial assurance was in place for each facility.
Peace of mind through total visibility.
The tool provided visibility for the client and the Alston & Bird legal team of upcoming deadlines for renewal and other tasks, eliminating the friction normally associated with recurring compliance tasks.