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HTMLMerger in Yellowstone
Sutherland Asbill Brennan LLP;
Legal Alert/Article
February 5, 2016, previously published on February 4, 2016
Two Yellowstone area cooperatives are discussing a merger designed to save $4 million per year. The cooperatives—Lower Valley Energy and Fall River Rural Electric—serve a combined 43,000 meters located in Idaho, Wyoming and Montana. If projections are correct, the merger will save...

 

HTMLU.S. and EU Announce Deal on the EU-US Privacy Shield
Sutherland Asbill Brennan LLP;
Legal Alert/Article
February 5, 2016, previously published on February 4, 2016
The United States (U.S.) and the European Union (EU) announced on February 2 that they have reached an agreement on a new data-sharing arrangement tentatively named the “EU-U.S. Privacy Shield.” This new arrangement will replace the previous “Safe-Harbor” agreement that was...

 

HTMLLNG Canada Delays FID Until Late 2016
Sutherland Asbill Brennan LLP;
Legal Alert/Article
February 5, 2016, previously published on February 4, 2016
The Globe and Mail reports that due to market conditions, LNG Canada has delayed a final investment decision (FID) on its proposed liquefaction and LNG export terminal at Kitimat, British Columbia until later in the year. An FID was expected in Spring 2016. LNG Canada is a joint venture of Shell...

 

HTMLLooking Back: The NHTSA’s Preliminary Statement on Autonomous Vehicles
Sutherland Asbill Brennan LLP;
Legal Alert/Article
February 4, 2016, previously published on February 3, 2016
The Department of Transportation and the National Highway Transportation Safety Administration (NHTSA) recently unveiled a nearly $4 billion plan to accelerate autonomous vehicle development. At the same time the NHTSA released a policy update to its Preliminary Statement of Policy Concerning...

 

HTMLHolding Company Gets Factored Out of Parent's Colorado Combined Return on the Reg.
Todd G. Betor, Eric J. Coffill; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
February 4, 2016, previously published on February 3, 2016
On January 20, a Denver trial court ruled that Agilent Technologies World Trade, Inc. (World Trade), a holding company with no property or payroll of its own, cannot be included in its parent’s combined corporate income tax return. The court found that World Trade did not meet the definition...

 

HTMLCFTC Amends Regulation 1.35
Brian Barrett, James M. Cain, Daphne G. Frydman, Catherine M. Krupka, David T. McIndoe; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
February 4, 2016, previously published on February 3, 2016
U.S. Commodity Futures Trading Commission (CFTC) Regulation 1.35 requires futures commission merchants (FCMs), retail foreign exchange dealers (RFEDs), introducing brokers (IBs) and members of a swap execution facility (SEF) or designated contract market (DCM) (each a Covered Person and...

 

HTMLPCI DSS - What It Is and Why It Is Relevant to Your Business
Kristin Ward Cleare, Brian M. Murphy, Robert J. Pile, Mark Thibodeaux, Mary Jane Wilson-Bilik; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
February 4, 2016, previously published on February 4, 2016
The Payment Card Industry Data Security Standard—or PCI DSS—sets out the minimum data protection measures required of all entities involved in payment card processing. The Payment Card Industry Security Standards Council (the PCI Security Standards Council) maintains the PCI DSS as part...

 

HTMLElectric Coops Ask Supreme Court to Block Clean Power Plan
Sutherland Asbill Brennan LLP;
Legal Alert/Article
February 3, 2016, previously published on February 2, 2016
Electric cooperatives are asking the U.S. Supreme Court to put the Environmental Protection Agency’s Clean Power Plan on hold until all legal challenges are resolved. The petition comes after a federal appeals court rejected a similar request less than a week earlier.

 

HTMLTechnical Support: Tennessee Publishes Guidance on Sales Tax Treatment of Computer Software Maintenance Contracts
Charles C. Kearns, Chris M. Mehrmann; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
February 3, 2016, previously published on February 02, 2016
The Tennessee Department of Revenue has issued guidance explaining that the retail sale of, use of, or subscription to a computer software maintenance contract is subject to sales and use tax when: (1) the maintenance contract is sold as part of a taxable sale of computer software; (2) the...

 

HTMLSo Misunderstood? Illinois DOR Adopts Special Sales Factor Rules for Hedging and Foreign Currency Transactions
Elizabeth S. Cha, Charles C. Kearns; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
February 3, 2016, previously published on February 2, 2016
Effective for tax years beginning on or after January 5, 2016, the Illinois Department of Revenue adopted amendments to 86 Ill. Adm. Code Sec. 100.3380 that establish special rules for the inclusion in the Illinois sales factor of certain (1) income, gains and losses from hedging transactions; and...

 


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