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HTMLU.S. Treasury Releases More Workable Proposed Regulations on ‘Issue Price’ for Municipal Bonds
Linda L. D'Onofrio, Vanessa Albert Lowry; Greenberg Traurig, LLP;
Legal Alert/Article
July 3, 2015, previously published on June 30, 2015
On June 24, 2015, the U.S. Department of the Treasury (Treasury) published in the Federal Register new proposed regulations (the New Proposed Regulations) under Section 148 of the Internal Revenue Code of 1986, as amended (the Code) amending the definition of “issue price” (issue price)...

 

HTMLSupreme Court Rules Same-Sex Marriage is a Fundamental Right
Hilarie Bass, Rebecca H. Silk; Greenberg Traurig, LLP;
Legal Alert/Article
June 29, 2015, previously published on June 26, 2015
Today, in a 5-4 decision authored by Justice Kennedy, the Supreme Court struck down the laws of those states that preclude same-sex marriage and also held that each state must recognize same-sex marriages lawfully performed in other states. The Court held state laws invalidating same-sex marriage...

 

HTMLPresident Obama Overcomes Domestic Political Obstacles to Advance Trade Agenda
Irwin P. Altschuler, Joshua R. Sanderlin, Alan Slomowitz; Greenberg Traurig, LLP;
Legal Alert/Article
June 29, 2015, previously published on June 25, 2015
Following the House’s lead, the Senate passed trade promotion authority (TPA) legislation late yesterday afternoon. Passage of this legislation - also known as fast-track authority - is a significant victory for President Obama’s trade agenda. In short, TPA provides the president with...

 

HTMLSupreme Court Upholds Affordable Care Act Rule Authorizing Health Subsidies in States with Federal Exchanges
Robert P. Charrow; Greenberg Traurig, LLP;
Legal Alert/Article
June 29, 2015, previously published on June 25, 2015
Today, in King v. Burwell, the Supreme Court in a 6-3 decision authored by the Chief Justice upheld the IRS Regulation (“the Regulation”) that provided subsidies under the Affordable Care Act (ACA) to individuals in States with only federally established - as opposed to State...

 

HTMLPerformance Enhancement: FERC Approves Significant Restructuring of PJM’s Capacity Market
Francesca Ciliberti-Ayres, Gregory K. Lawrence; Greenberg Traurig, LLP;
Legal Alert/Article
June 26, 2015, previously published on June 25, 2015
On June 9, 2015, the Federal Energy Regulatory Commission (FERC) conditionally approved significant reforms to PJM’s capacity market, implementing the Capacity Performance Resource product, with PJM’s compliance filing due within 30 days.1 FERC found such reforms were necessary to...

 

HTMLClean Water Act Jurisdiction Under the Newly Issued Clean Water Rule
Kerri L. Barsh, John V. Chibbaro, Michael G. Cooke, H. Hamilton Hackney, Hayley E. Neal; Greenberg Traurig, LLP;
Legal Alert/Article
June 25, 2015, previously published on June 19, 2015
More than 40 years after Congress passed the landmark Clean Water Act, the jurisdictional reach of that statute remains a contentious legal and political issue. By prohibiting the discharge of pollutants to “navigable waters” without a permit, the Act expressly limits its protections to...

 

HTMLLenders Get Protection Under New Amendments to Nevada’s HOA Lien Priority Statute
Jacob D. Bundick, Leslie S. Godfrey, Sean A. Gordon, Jennifer L. Gray; Greenberg Traurig, LLP;
Legal Alert/Article
June 23, 2015, previously published on June 15, 2015
In a September 2014 ruling, the Nevada Supreme Court sent shockwaves through the lending community by holding that a homeowners association’s (HOA) non-judicial foreclosure sale can extinguish a mortgage lender’s previously-recorded first deed of trust on a property if that foreclosure...

 

HTMLIRS Guidance To Cap Potential FBAR Penalties
Jeremiah Coder, Scott E. Fink, Barbara T. Kaplan; Greenberg Traurig, LLP;
Legal Alert/Article
June 17, 2015, previously published on June 10, 2015
On May 13, 2015, the IRS issued guidance which establishes limits to the potential penalties that the IRS will assert for a taxpayer’s failure to file Foreign Bank Account Reports (FBARs). The guidance is designed to promote consistency by the IRS in administering its FBAR compliance program....

 

HTMLMay 2015 Brings a Crop of FERC ‘Loophole’ Manipulation Civil Penalty Assessments
Francesca Ciliberti-Ayres, Gregory K. Lawrence; Greenberg Traurig, LLP;
Legal Alert/Article
June 16, 2015, previously published on June 9, 2015
In May, two “loophole” penalty orders were issued regarding recent fraud and manipulation investigations conducted by the Federal Energy Regulatory Commission’s (FERC) Office of Enforcement (OE), which are discussed below. What will June bring? To start, on June 3, the House of...

 

HTMLIndustry and States Legally Challenge Federal Hydraulic Fracturing Regulations
Laura E. Jones, Robert S. Thompson; Greenberg Traurig, LLP;
Legal Alert/Article
June 16, 2015, previously published on June 9, 2015
States and industry organizations are seeking to invalidate a recent hydraulic fracturing rule promulgated by the U.S. Bureau of Land Management (the Rule).1 The Rule will go into effect on June 24, 2015, and litigation has been filed by states and industry organizations to halt implementation of...

 


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