A structured guide to the real estate investment climate in the USA
On October 24, 2016, U.S. authorities announced that Brazilian aircraft manufacturer Embraer SA agreed to pay more than $205 million to resolve
In a development that may help Verizon fulfill its goal to become the first national U.S. wireless carrier to deploy fifth generation (5G) wireless
In the face of rising public market valuations in recent years, private equity sponsors have turned to privately-held targets, many of which operate
In Gatz Properties, LLC v. Auriga Capital Corp., the Delaware Supreme Court affirmed the Court of Chancery's decision that a limited liability company's controlling member-manager breached his contracted-for fiduciary duties when he refused to negotiate with a third party bidder and caused the company to sell itself to him at an unfair price via a faulty auction process.
The IRS issued proposed regulations last week that will make it easier for sovereign wealth funds and other entities controlled by foreign governments to invest in private funds without jeopardizing their exemption from U.S. federal income taxation under Section 892 of the Code.
On September 2, the Delaware Supreme Court affirmed a holding by the Court of Chancery that creditors of insolvent Delaware limited liability companies do not have standing to sue derivatively.
At a hearing before the House Science, Space and Technology Committee yesterday, representatives of various federal agencies questioned LightSquared LLC’s latest plan to operate its proposed hybrid satellite-terrestrial wireless broadband network in the lower portion of its L-band spectrum assignment, as they called on the FCC to require further testing to assess the impact of LightSquared’s revised proposal on global positioning system (GPS) operations.
Plans by LightSquared LLC to deploy a national wireless broadband network that would operate on both mobile satellite service (MSS) and ancillary terrestrial component (ATC) spectrum that would be used on a stand-alone basis by wireless carriers have attracted the attention of the European Commission (EC), which warned that transmissions from the LightSquared network would potentially interfere with Europe’s Galileo global navigation system.
Last Thursday, the FCC released a public notice that seeks comments on a final joint working group report on the potential of the proposed LightSquared LLC system to interfere with global positioning system (GPS) operations, as well as on the company’s revised plan to operate on lower L-band channels that are less likely to interfere with GPS users