Document(s) published by this organization: 372
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|Deductibility of Settlement Payments: US First Circuit Rejects the IRS’s Interpretation of Talley and Section 162(f)|
Hayden D. Brown, Geoffrey M. Collins, Brian W. Kittle; Mayer Brown LLP;
August 22, 2014, previously published on August 18, 2014In Fresenius Medical Care Holdings, the US Court of Appeals for the First Circuit held that taxpayers can meet their burden of proving that a government settlement was compensatory—and thus deductible—with evidence beyond the settlement’s terms. Thus, if the settlement agreement...
|Arbitration and Ship Arrest in Hong Kong: Post-award arrest in Handytankers KS v. Owners of The Alas|
Bill Amos; Mayer Brown JSM;
August 22, 2014, previously published on August 20, 2014The maritime industry has traditionally favoured arbitration as a method of dispute resolution. Disputes under charterparties, shipbuilding contracts, ship management and sale & purchase agreements will typically be subject to arbitration. Given the international character of shipping,...
|Analysis of Mexico’s New Hydrocarbons Legal Regime|
Pablo C. Ferrante, Dallas Parker, Gabriel J. Salinas, Jose L. Valera; Mayer Brown LLP;
August 19, 2014, previously published on August 13, 2014This legal update addresses the main features of the Hydrocarbons Law and the Hydrocarbons Revenues Law, which became effective on August 12, 2014. The Hydrocarbons Law and the Hydrocarbons Revenues Law are part of a set of new laws to implement the constitutional energy reform that became...
|WTO Appellate Body Upholds Panel in China - Rare Earths Dispute|
Duane W. Layton, Nikolay Mizulin, Paulette Vander Schueren; Mayer Brown LLP;
August 19, 2014, previously published on August 13, 2014The Appellate Body of the World Trade Organization (WTO) has affirmed a WTO dispute settlement panel’s March 2014 finding that China’s export restraints on rare earths, tungsten, and molybdenum are inconsistent with China’s WTO obligations. The August 7, 2014, decision in China -...
|Subscription Credit Facilities and the Volcker Rule|
Timothy R. Hicks, Michael C. Mascia, Wesley A. Misson; Mayer Brown LLP;
August 13, 2014, previously published on Summer 2014On December 10, 2013, the federal financial agencies approved joint final regulations (the “Final Regulation”) implementing section 619 of the Dodd-Frank Act, commonly referred to as the Volcker Rule. Section 619 added a new section 13 to the Bank Holding Company Act of 1956, which...
|The Curious Case of LabMD: New Developments In The “Other” FTC Data-Security Case|
Lei Shen, Evan M. Wooten; Mayer Brown LLP;
August 13, 2014, previously published on August 11, 2014By now, businesses with an interest in data security are aware of FTC v. Wyndham Worldwide Corp., in which a US District Court of New Jersey held that the Federal Trade Commission (FTC) can bring enforcement actions for perceived data-security violations without first issuing guidance or standards....
|Administration Expenses: The Next Instalment|
David Allen, Ashley Katz, Devi Shah, Jessica Walker; Mayer Brown International LLP;
August 13, 2014, previously published on August 2014The High Court has rejected the argument that amounts owing to British Gas Trading Ltd (BGT) under post-administration, deemed contracts for the provision of gas and electricity are automatically classed as expenses of the administration. The court has reserved for consideration, however, whether...
|Governmental Plan Investors and the Borrowing Base|
Zachary K. Barnett, John A. Janicik, Kristin M. Rylko, Matthew A. Simmons; Mayer Brown LLP;
August 13, 2014, previously published on Summer 2014A subscription credit facility, also frequently referred to as a capital call facility (a “Subscription Facility”), is a loan made by a bank or other credit institution (a “Lender”) to a private equity fund (a “Fund”). What distinguishes a Subscription Facility...
|IRS Clarifies Beginning of Construction Rules for Renewable Energy Projects|
Jeffrey G. Davis; Mayer Brown LLP;
August 12, 2014, previously published on August 8, 2014The US Internal Revenue Service (the IRS) has released Notice 2014-46 (the Notice), which provides further clarification about how a taxpayer can satisfy the requirement that construction of a renewable energy project began before January 1, 2014. The Notice, released on August 8, 2014, is welcome...
|Administrative Ruling PGFN/RFB No. 13/2014|
Roberta P. Caneca, Ivan Tauil, Thais Bandeira de Mello Rodrigues; Mayer Brown LLP;
August 12, 2014, previously published on August 8, 2014On August 1st, 2014, the Brazilian Revenue Services and Office of Attorney-General of the National Treasury enacted the Joint Administrative Ruling PGFN/RFB No. 13/2014, which regulates the application of the Tax Debt Installment Program provided for by Law No. 11.941/2009, as amended by Law No...