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HTMLIRS Says Aircraft Leasing Entity is Eligible for 1031 Tax Free Exchange Treatment Despite Leasing to Related Companies at No Profit
Marvin A. Kirsner; Greenberg Traurig, LLP;
Legal Alert/Article
February 9, 2016, previously published on January 29, 2016
A new IRS Chief Counsel memo says that an aircraft leasing partnership that trades in an aircraft that is leased to a related entity is eligible for §1031 tax free exchange treatment, even though the related entity lease rate was so low that it produced tax losses during the term of the lease....

 

Adobe PDFRevised Jurisdictional Thresholds Under the HSR Act and For the Prohibition of Interlocking Directorates
Andrew G. Berg, Stephen M. Pepper; Greenberg Traurig, LLP;
Legal Alert/Article
February 8, 2016, previously published on January 22, 2016
Yesterday, the Federal Trade Commission (“FTC”) published a notice to revise the premerger notification thresholds for mergers and acquisitions under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR Act”). The FTC also published revisions to the...

 

HTMLThe FY 2016 National Defense Authorization Act’s Substantial Impact On Federal Procurement—Part II
Elana Broitman, Melissa P. Prusock, Michael J. Schaengold; Greenberg Traurig, LLP;
Legal Alert/Article
February 5, 2016, previously published on January 27, 2016
The National Defense Authorization Act for Fiscal Year 2016 (S. 1356), signed into law Nov. 25, 2015, includes major procurement-related reforms. See P.L. 114-92. Most (but not all) of the procurement related provisions are included, as usual, in Title VIII—Acquisition Policy, Acquisition...

 

HTMLThe Next Modest Wave of Cuba Thaw—U.S. Eases Restrictions on Exports, Export Trade Financing, and Artistic Productions
Kara M. Bombach, Cyril T. Brennan, Yosbel A. Ibarra, Sandra K. Jorgensen; Greenberg Traurig, LLP;
Legal Alert/Article
February 5, 2016, previously published on January 28, 2016
On Jan. 27, 2016, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) once again amended the existing Cuban Assets Control Regulations (Cuba Sanctions Regulations) to open the door for further U.S. engagement with Cuba. The amendments remove certain restrictions on...

 

HTMLH-1B Cap: The Time to Plan is Now
Rosanna M. Fox; Greenberg Traurig, LLP;
Legal Alert/Article
February 4, 2016, previously published on January 25, 2016
April 1, 2016, marks the date when U.S. Citizenship & Immigration Services (USCIS) will start accepting cap-subject H-1B petitions. As we brace for what is expected to be the busiest H-1B cap season since the economic downturn, the time to start preparing is now.

 

HTMLU.S. Supreme Court Holds that Unaccepted Offer to Settle Per Rule 68 Does Not Moot a Case
James N. Boudreau, Christiana L. Signs; Greenberg Traurig, LLP;
Legal Alert/Article
February 2, 2016, previously published on January 21, 2016
In a 6-3 opinion, the United States Supreme Court held yesterday that a defendant’s unaccepted Rule 68 offer of judgment for complete relief does not moot a case. See Campbell-Ewald Co. v. Gomez, 577 U.S. --- (2016). Justice Bader Ginsburg, writing for the 6-3 majority, explained that...

 

HTMLNYS Appellate Court Upholds Executive Compensation Order and Regulations: What Happens Next?
Harold N. Iselin, Joshua L. Oppenheimer, Francis J. Serbaroli; Greenberg Traurig, LLP;
Legal Alert/Article
February 2, 2016, previously published on January 19, 2016
On Dec. 30, 2015, the New York State Appellate Division, Second Department upheld the validity of Governor Cuomo’s Executive Order pertaining to executive compensation and administrative expenses of certain service providers (EO 38), as well as the implementing regulations. This was the first...

 

HTMLCorporate & Regulatory Compliance: Are You Asking the Right Questions?
Michael L. Aguirre, John Kaufmann; Greenberg Traurig, LLP;
Legal Alert/Article
February 2, 2016, previously published on January 21, 2016
Due to regulatory changes made in response to the financial crisis of 2008, market participants entering into over-the-counter derivative transactions and their associated agreements face a vastly different landscape than several years ago. Competing (and sometimes inconsistent) legal regimes...

 

HTMLU.S. Treasury Department Will Require Certain Title Insurance Companies and Their Agents To Report the Identities of the Ultimate Beneficial Owners of Entities Used To Buy Manhattan or Miami Residential Real Estate in All-Cash Purchases 
Shannon L. Bothwell, Jared E. Dwyer, Carl A. Fornaris, Robert J. Ivanhoe, Wendy Li; Greenberg Traurig, LLP;
Legal Alert/Article
February 2, 2016, previously published on January 15, 2016
On Jan. 13, 2016, the Financial Crimes Enforcement Network of the U.S. Department of the Treasury (FinCEN) issued Geographic Targeting Orders (GTOs) applicable to certain U.S. title insurance companies and their subsidiaries and “agents” (collectively, the Targeted Title Insurance...

 

HTMLIran Deal is Implemented: U.S. and EU Remove Nuclear-Related Sanctions on Iran
Kara M. Bombach, Cyril T. Brennan, Sandra K. Jorgensen, Erik de Bie; Greenberg Traurig, LLP;
Legal Alert/Article
February 2, 2016, previously published on January 18, 2016
Jan. 16, 2016 marked “Implementation Day” of the Iran Joint Comprehensive Plan of Action (JCPOA), as the U.S. initiated the removal of its nuclear-related sanctions against Iran and the EU removed the majority of its existing Iran-related sanctions. The final precondition to...

 


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