<-rte-company state="{"_id":"0000018f-57f4-d4b6-a98f-f7f51c500000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Shell Plc has agreed to sell its Singapore refining and chemicals assets to a joint venture between commodity trader Glencore Plc and Indonesia’s <-rte-company state="{"_id":"0000018f-57f4-d4b6-a98f-f7f51c500002","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">PT Chandra Asri Pacific.

Welcome to Bloomberg Law’s Wake Up Call, a daily rundown of the top news for lawyers, law firms, and in-house counsel.

Cryptocurrency exchange <-bsp-bb-link state="{"bbHref":"bbg://securities/1738202D%20US%20Equity","_id":"0000018f-57d8-d4b6-a98f-f7fda3d30000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">FTX has amassed billions of dollars more than it needs to cover what customers lost in its November 2022 collapse, setting them up to receive full recoveries, plus interest, a rare outcome in US bankruptcy proceedings.

The EPA’s decision to broadly prohibit as many commercial and industrial uses of the solvent methylene chloride as it did in a rule issued last week is likely to be challenged in court, attorneys said in recent interviews.

One of Britain’s top hedge fund managers lost a legal fight over the salvage of $40 million of <-bsp-bb-link state="{"bbHref":"bbg://news/topics/SILVER","_id":"0000018f-57be-d4b6-a98f-f7bf22520000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">silver from the wreck of a ship sunk by a Japanese submarine in World War II.

Liberty Mutual has backed out of at least two potential litigation insurance deals after a $1.6 billion judgment it underwrote was reversed, according to three people familiar with the situation.

President Joe Biden will champion a major Microsoft Corp. investment in swing-state Wisconsin, drawing a contrast with his 2024 rival Donald Trump, whose own plans for a flagship technology project by <-bsp-bb-link state="{"bbHref":"bbg://securities/2317%20TT%20Equity","_id":"0000018f-5834-d4b6-a98f-fd35314d0001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Foxconn at the same site fizzled.

Sullivan & Cromwell will be “extremely vigilant” about vetting future hires following reports of harassment at pro-Palestinian protests on college campuses.

Lawmakers on the Senate Judiciary Committee are turning their focus to the status of undocumented young people as the program that’s protected more than half a million Dreamers for nearly 12 years faces an uncertain future.

Attorney Kenneth Rosen looks at the ethics issues that arise when bankruptcy judges socialize, and suggests that judges thoughtfully select the events they attend.

The pandemic’s impact on the workplace continues to be felt in the form of plentiful work-from-home options and soaring employee requests for mental health-related accommodations, a survey of employers shows.

<-bsp-bb-link state="{"bbHref":"bbg://securities/3688Z%20US%20Equity","_id":"0000018f-5533-d4b6-a98f-f53731010000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Federal Deposit Insurance Corp. staff have for years suffered through a toxic culture that fails to keep many of them safe from sexual harassment or discrimination, according to a review of the bank regulator’s workplace.

Norway’s planned changes to a so-called exit tax threaten to trigger a wave of departures by startup founders and companies, according to a lobby group.

Over $400 million worth of employee retention tax credit claims have been withdrawn, IRS Commissioner Danny Werfel told a House panel Tuesday.

Sullivan & Cromwell will be “extremely vigilant” about vetting future hires following reports of harassment at pro-Palestinian protests on college campuses.

US chip production is poised to explode in coming years, helping ease a risky dependency on East Asia, according to a projection by the Semiconductor Industry Association.

Thailand’s government is considering a proposal to revive tax-saving equity funds to help bolster the nation’s sagging stock market, according to Deputy Finance Minister <-bsp-person state="{"_id":"0000018f-576e-d4b6-a98f-f77fa9f50000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Julapun Amornvivat.

New Jersey companies must bring their employees back to the office at least three days a week to keep getting billions of dollars in tax breaks if lawmakers don’t take action to loosen the requirements before breaking in July.

Banks are being advised to avoid using carbon credits to offset their financed emissions, as lawyers warn that new regulations in Europe will make greenwashing litigation a lot easier to pursue.

In 2016 the utility company <-bsp-bb-link state="{"bbHref":"bbg://securities/ETR%20US%20Equity/MODL","_id":"0000018f-57aa-d4b6-a98f-f7bf39fc0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Entergy Corp. announced plans to close one of its nuclear power plants. Palisades, a facility in Michigan that supplied about 6% of the state’s energy, was no longer cost-effective, with natural gas and renewables becoming cheaper. When the plant finally shuttered in May 2022, it looked as if it would be the very last of a series of reactors going dark as America’s grid turned away from fission.

Rice farming is a surprisingly large <-bsp-bb-link state="{"bbHref":"bbg://news/stories/PSI8H76TTDS0","_id":"0000018f-57bf-d4b6-a98f-f7bf16f00000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">source of planet-warming methane. Yet while a solution to tackle emissions has existed for decades, farmers haven’t embraced it. Now, a startup has found a way to get them on board, halving harmful emissions.

One of the companies behind the world’s biggest carbon offsets project is asking an Indonesian court to allow it to continue to operate on 36,000 hectares in Borneo, an area roughly the size of Las Vegas.

Liberty Mutual has backed out of at least two potential litigation insurance deals after a $1.6 billion judgment it underwrote was reversed, according to three people familiar with the situation.

US regulators’ latest attempt to restrict banking executive bonuses is likely to fall short amid hesitation from the Federal Reserve, but the long-awaited proposal is poised to resurface in 2025 if President Joe Biden is re-elected.