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HTMLUPDATE: Federal Defend Trade Secrets Act Clears the House, Passage into Law Expected
Ann G. Fort, Matt Gatewood, Peter G. Pappas, William L. Warren, Gail L. Westover; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
April 28, 2016, previously published on April 28, 2016
As expected, overwhelming support for the Defend Trade Secrets Act of 2016 led to its passage in the U.S. House of Representatives yesterday by a 410-2 vote. During the floor debate, one Congressman noted that “Congress has the responsibility to give industries the tools they need to protect...

 

HTMLNorth Carolina Rejects Third-Party Sales of Solar-Generated Electricity
Tracey K. Ledbetter, James A. Orr; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
April 28, 2016, previously published on April 28, 2016
The North Carolina Utilities Commission recently ruled that third-party sales of solar-generated electricity violate state law. The Commission rejected a test case brought by an advocacy group seeking to legitimize such third-party sales.

 

HTMLState Tax Fallout From Federal Proposed Related-Party Debt Regulations
Michele Borens, Jonathan A. Feldman, Jeffrey A. Friedman, Todd A. Lard, Carley A. Roberts; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
April 27, 2016, previously published on April 26, 2016
Recently proposed Treasury regulations under IRC § 385 (the Proposed Regulations) would create sweeping changes to the federal income tax treatment of related-party debt. The Proposed Regulations could also have far-reaching effects for state income tax purposes, particularly on the...

 

HTMLEffect of Energy Policy Bills on Natural Gas Exports
Jacob Dweck, Paul F. Forshay, Daniel P. LeFort, Michael A. Stosser, Kyle E. Wamstad; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
April 25, 2016, previously published on April 22, 2016
Legislative Update. On April 20, the U.S. Senate passed broad legislation that covers many different aspects of the energy and environmental sectors, including changes to streamline the approval process for the export of natural gas from the United States. The bill is the most comprehensive...

 

HTMLUnusual Antitrust Agencies’ Guidance on Defense Mergers
Jeffrey P. Bialos, James R. McGibbon; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
April 14, 2016, previously published on April 12, 2016
The Department of Justice (Justice) and the Federal Trade Commission (FTC) today issued an unusual joint statement that highlighted their continued commitment to preserve defense industry competition by closely reviewing mergers and acquisitions in that sector, in cooperation with the Department of...

 

HTMLFederal Defend Trade Secrets Act Clears the Senate: Is the Uniform Act on Life Support?
Ann G. Fort, Matt Gatewood, Peter G. Pappas, William L. Warren, Gail L. Westover; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
April 12, 2016, previously published on April 11, 2016
The U.S. Senate has unanimously approved a bill increasing the protections available to companies for their commercial secrets. The Defend Trade Secrets Act of 2016 (DTSA or the Act) provides for the first time a truly uniform, nationwide set of standards protecting trade secrets, plus a private...

 

Adobe PDFTaking Stock in Related-Party Debt: Regulations Propose Sweeping Changes
J. Randall Buchanan, Robert S. Chase, Reginald J. Clark, Thomas A. Cullinan, Joseph M. DePew; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
April 8, 2016, previously published on April 7, 2016
On April 4, the Treasury and the Internal Revenue Service (IRS) released proposed regulations under IRC § 385 (the Proposed Regulations)1 that are intended to combat perceived concerns associated with indebtedness between related group entities. Significantly, the Proposed Regulations apply to...

 

HTMLThe Home Stretch: Virginia Tax Commissioner Rules that Single Employee Working From Home Creates Nexus
Open Weaver Banks, Michael G. Kerman; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
April 7, 2016, previously published on April 5, 2016
The Virginia Tax Commissioner ruled that an out-of-state corporation had nexus with Virginia because an employee performed accounting, human resources, payroll and customer support functions from a home office in Virginia. The Commissioner explained that out-of-state corporations are subject to...

 

HTMLAlabama Tax Tribunal Determines Out-of-State Bookseller Has Nexus, Joins "Club"
Zachary T. Atkins, Eric J. Coffill; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
April 7, 2016, previously published on April 6, 2016
The Alabama Tax Tribunal concluded that an out-of-state retailer was required to collect and remit use tax on the sales of books and educational materials to in-state teachers and students, and that neither the Due Process Clause nor the Commerce Clause impeded the Alabama Department of...

 

HTMLUK Payment Systems Regulator Issues Guidance Setting Credit and Debit Interchange Caps
Brian M. Murphy, Robert J. Pile, Marc A. Rawls; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
April 1, 2016, previously published on March 31, 2016
On March 24th, the United Kingdom’s Payment Systems Regulator (PSR) issued final guidance establishing interchange fee caps on credit and debit card transactions where the point of sale is located in the United Kingdom. The guidance was issued pursuant to European Union legislation adopted in...

 


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