On 23 November 2018, the German legislator approved legislation regarding tax exemption of cancellation-of-debt-income (COD income) resulting from
On November 13, the United States Environmental Protection Agency (EPA) announced its “Cleaner Trucks Initiative” (CTI) to further decrease oxides of
California Supreme Court rules the Federal Arbitration Act preempts State's refusal to enforce class arbitration waivers on public policy or
The number of master limited partnerships (MLPs) has grown significantly over the past five years, increasing from 59 in 2009 to over 100 in 2013. An
On September 16, 2011, after several years of legislative negotiations, President Barack Obama signed the Leahy-Smith America Invents Act (“Act”) into law.
On April 5, 2011, CONSOB, the Italian Financial Regulator, approved Resolution no. 17731 that contains several amendments to the rules on cash tender offers and exchange offers set forth in CONSOB regulation 119711999 and completes the implementation in Italy of the EU Takeover Bids Directive (Directive 200425EC) begun in 2007 with the reform of Legislative Decree 581998 (the Single Financial Act).
The spring and summer of 2011 have witnessed substantial regulatory movement across multiple states in favor of greater natural gas development through the use of hydraulic fracturing most notably in New York State, which is preparing to release its moratorium on more than 80 percent of its portion of the Marcellus Shale to development in 2012.
With Governor Jerry Brown recently signing into law Senate Bill 2, which increases California’s Renewable Portfolio Standard to 33 percent by 2020, the push to develop and finance renewable energy projects in California is likely to gain further momentum
Recently, several courts have added to the growing body of decisions construing intercreditor agreements in bankruptcy cases.
In a recently published ruling dated 22 June 2010 (I R 7809) the Federal Fiscal Court held that loans are characterized as profit participating loans, if interest payments are due and payable only if and to the extent the borrower has sufficient liquidity for such payments.