On Tuesday, January 14, 2014, the Supreme Court heard Executive Benefits Insurance Agency v. Arkison, a case that will settle important questions regarding the limits of bankruptcy judges’ powers.
D.C. Circuit’s Ruling on “Net Neutrality” Creates Waves in Internet Marketplace
The Silicon Valley and Internet companies worldwide are pouring over a landmark decision, released yesterday, by a three-judge panel of federal appellate judges sitting in Washington, D.C.
Compensation Clawbacks and Code Section 409A Acceleration
When the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) became law in 2010, it included a requirement for public companies to recoup, or “clawback,” incentive compensation from executives in the event of certain accounting restatements.
SEC Approves New FINRA Supervision Rules
Financial Industry Regulatory Authority (“FINRA”) rules require broker-dealer members to establish and maintain a system and written procedures to supervise the activities of their personnel, which are reasonably designed to achieve compliance with the federal securities laws and FINRA rules.
Men’s Wearhouse Moving Closer to Jos. A. Bank Takeover
The Fremont, California-based men’s suit retailer has made its second offer to take over its smaller rival, Jos. A. Bank.
The Federal Reserve Approves Goldman Sachs, JP Morgan’s Capital Management Plans
In early December, two Wall Street giants, Goldman Sachs and JP Morgan Chase, finally satisfied the Federal Reserve’s stiffer requirement with improved capital plans. The banks successfully put the matter behind them by resubmitting capital plans after the regulators found “significant weaknesses” in the ones submitted in March during a stress test. “We are pleased […]
The Volcker Rule: Impact on Banking Entities’ Investments in Trust Preferred CDOs
On December 10, 2013, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, the Securities and Exchange Commission, and the Commodity Futures Trading Commission released final rules (the Final Rules) to implement Section 619 of the Dodd-Frank Wall Street and Consumer Protection […]
Law360: Inside EU Rule On Acquisitions Of Minority Shareholdings
In June 2013, the European Commission launched a consultation on its proposed reform of the EU Merger Regulation (EUMR), which included a proposal to extend the scope of the EUMR to cover acquisitions of noncontrolling shareholdings between undertakings. The consultation closed in September 2013. This article provides an overview of the commission’s proposal and the […]
Contemplating IRS Safe Harbor for Rehabilitation Credits and its Impact on the Energy Investment Tax Credit
The IRS recently issued Revenue Procedure 2014-12, providing a safe harbor under which the IRS will not challenge partnership allocations of “section 47” federal rehabilitation tax credits. In the aftermath of the IRS’s win in Historic Boardwalk Hall, LLC v. Commissioner, the Revenue Procedure is intended to provide more predictability regarding the allocation of section 47 rehabilitation […]