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Manchester United ruling?
  • Alston & Bird LLP
  • USA
  • October 22 2012

LTR 201242007 is a section 351 ruling with a public offering: not a busted 351, but a good 351


President Obama meets with Prime Minister Stephen Harper to discuss economic recovery plans
  • Alston & Bird LLP
  • USA
  • February 19 2009

Today, President Obama, making his first foreign trip since taking office, met with Canadian Prime Minister Stephen Harper in Ottawa to discuss, among other important issues, Canada's Economic Action Plan and the recently enacted American Recovery and Reinvestment Act (ARRA


OECD "Going for Growth" report refocuses policy from crisis management to long-term goals
  • Alston & Bird LLP
  • Global
  • March 10 2010

This week, the Organization for Economic Co-operation and Development (OECD) released its latest "Going for Growth" report, which argues that, as governments remove or scale back measures put in place to prevent economic collapse, they should transition their policy focus to spurring economic growth for the long-term and raising living standards


Presidential Task Force on Auto Industry convenes meeting for official designees
  • Alston & Bird LLP
  • USA
  • February 24 2009

Last Friday, just days after General Motors Corp. and Chrysler LLC submitted their revised restructuring plans to the U.S. Treasury, Treasury Secretary Tim Geithner and National Economic Council Director Larry Summers, as the heads of the Presidential Task Force on the Auto Industry, convened a meeting for official designees to discuss their perspectives on the restructuring plans


GM units worldwide request financial assistance from foreign governments
  • Alston & Bird LLP
  • Global
  • February 23 2009

Just days after General Motors Corp. (GM) submitted its restructuring plan to the U.S. Treasury, several of its overseas units, including those in Sweden, Germany, the United Kingdom, Canada and Korea, have requested financial assistance from their respective governments


GDP in OECD area fell by record 1.5 in fourth quarter
  • Alston & Bird LLP
  • Global
  • February 18 2009

The cavalcade of depressing economic news continued today with the release of a report by the Organization for Economic Co-Operation and Development (OECD) that aggregate gross domestic product (GDP) in the OECD area declined by 1.5 in the fourth quarter of 2008, the largest quarterly decline since the OECD began keeping records in 1960


Dutch Prime Minister announces deep recession; ING reports fiscal year 2008 loss
  • Alston & Bird LLP
  • Netherlands
  • February 19 2009

Yesterday, Dutch Prime Minister Jan Peter Balkenende and The Netherlands Bureau for Economic Policy Analysis (CPB) Director Coen Teulings held a joint press conference to announce CPB's provisional projections of the development of the Dutch economy


Chrysler Financial receives $1.5 billion in TARP funds
  • Alston & Bird LLP
  • USA
  • January 16 2009

Today, Treasury announced that it would inject $1.5 billion of TARP funds into Chrysler’s financing arm, Chrysler Financial, with Chrysler Holding LLC guaranteeing certain covenants relating to restrictions on dividends and distributions


American Recovery and Reinvestment Bill of 2009 summary released
  • Alston & Bird LLP
  • USA
  • January 15 2009

Today, the Committee on Appropriations released a summary of the American Recovery and Reinvestment Bill of 2009 which will be under consideration by Congress within the next two weeks


House Oversight and Government Reform Committee holds hearing on American Recovery and Reinvestment Act of 2009
  • Alston & Bird LLP
  • USA
  • November 19 2009

Today, the House Oversight and Government Reform Committee held a hearing entitled Tracking the Money: How Recovery Act Recipients Account for Their Use of Stimulus Dollars, examining implementation of the American Recovery and Reinvestment Act of 2009 (Recovery Act