Client Alert - Gibson Dunn

Client Alert

IRS and Treasury Issue Proposed Regulations Narrowing Domestically Controlled REIT Qualification Test and Revising Section 892 Exemption, as Well as Final Regulations Relating to Qualified Foreign Pension Funds

Gibson Dunn lawyers review proposed regulations by the IRS and the Department of the Treasury relating to REITs, controlled commercial entities and qualified foreign pension funds.

January 4, 2023

Penalty Relief Available: Recent Jurisprudence Offers the Opportunity for Significantly Lower Fines and Other Penalties in White Collar Resolutions with DOJ and Other Agencies

Gibson Dunn lawyers review a ruling by a U.S. federal court of appeals that could reduce penalties in some cases, including negotiated resolutions.

January 3, 2023

IRS and Treasury Issue Interim Guidance on New Stock Buyback Excise Tax

Our lawyers discuss interim guidance provided by the IRS and the Department of Treasury to taxpayers addressing the application of the new excise tax on certain repurchases of corporate stock mandated by The Inflation Reduction Act of 2022.

January 3, 2023

UK Tax Update – December 2022

Our lawyers provide an update on key tax policy issues in the United Kingdom over the past several months.

December 22, 2022

Carbon Markets Update – Q4 2022

Gibson Dunn lawyers provide recent updates and analysis on the voluntary carbon market.

December 19, 2022

Coalition Members Set and Implement Price Cap for Maritime Transport of Russian-Origin Crude Oil

Our lawyers discuss the setting of a price cap on seaborne crude oil which originates in or is exported from Russia to G7 and Council of the European Union countries.

December 19, 2022

IRS and Treasury Issue Proposed Regulations on Consolidated Group Ownership of CFC Stock for Certain Purposes

Our lawyers discuss proposed IRS and Treasury regulations relating to the consolidated group ownership of the stock of lower-tier controlled foreign corporations.

December 16, 2022

SEC Approves New Insider Trading Rules

Gibson Dunn lawyers discuss the Securities and Exchange Commission's recent adoption of final rules on the affirmative defense to insider trading liability and new disclosures related to insider trading.

December 16, 2022

UK FCA Action Against Firms Relating to Arrangements with Third Party Intermediaries – Lessons Learned

Our lawyers discuss recent enforcement actions by the UK Financial Conduct Authority relating to failings by firms in arrangements with third party intermediaries.

December 15, 2022

European Court of Justice Expands Concept of Legal Professional Privilege in the EU

Gibson Dunn lawyers review a recent judgment by the European Court of Justice which underlined the importance of Legal Professional Privilege in the European Union.

December 15, 2022

New York Amends Labor Law to Prohibit Retaliation for Lawful Absences

Gibson Dunn lawyers discuss a change in New York state labor law prohibiting retaliation against employees taking a lawful absence from work.

December 13, 2022

What Senator Sinema’s Party Switch Means for the Senate

Our lawyers discuss the implications of Arizona Sen. Kyrsten Sinema's recent decision to change her party affiliation from the Democratic Party to Independent.

December 12, 2022

Biden Signs “Speak Out Act” Limiting the Enforceability of Non-Disclosure and Non-Disparagement Clauses in Sexual Harassment Cases

Gibson Dunn lawyers discuss the "Speak Out Act", which prohibits the enforcement of pre-dispute non-disclosure and non-disparagement clauses in disputes relating to claims of sexual assault or sexual harassment.

December 9, 2022

Hong Kong Licensing Regime for Virtual Asset Service Providers Passed with Three-Month Delay to Implementation Timelines

Gibson Dunn lawyers review updates to the licensing regime for virtual asset service providers in Hong Kong.

December 8, 2022

Energy Charter Treaty – Recent Developments

Our lawyers provide an update on recent announcements by several European Union Member States of their intention to withdraw from the Energy Charter Treaty.

December 5, 2022

Proposed U.S. Foreign Tax Credit Rules Provide Relief for Certain Taxpayers and Ideas for Others

Gibson Dunn lawyers discuss proposed regulations to address certain concerns raised by taxpayers and other stakeholders in response to final foreign tax credit regulations published in January 2022.

December 1, 2022

SEC Extends Phased-in Approach for Application of Rule 15c2-11 for Certain Fixed Income Securities, Including Most Notably Securities Being Sold Pursuant to Resales under Rule 144A

Our lawyers write that the SEC recently delayed the application of Phase 2 of Exchange Act Rule 15c2-11, which affects trading in securities offered by non-reporting issuers in Rule 144A offerings.

December 1, 2022

European Union’s Corporate Sustainability Reporting Directive — What Non-EU Companies with Operations in the EU Need to Know

Gibson Dunn lawyers discuss the European Union's Corporate Sustainability Reporting Directive and how it will impact non-EU companies with significant EU operations.

November 29, 2022

Rule 10b5-1: Change Is Coming to the Insider Trading Regime – Or Is It Already Here?

Our lawyers review proposed amendments by the Securities and Exchange Commission to Rule 10b5-1, which are meant to address potential abuses of the current insider trading regime.

November 28, 2022

Recent SEC Interpretation of Exchange Act Rule 15c2-11 May Pressure Private Issuers of Fixed Income Securities to Publicly Disclose Financial Information

Our lawyers discuss a recent SEC interpretation of Exchange Act Rule 15c2-11, which could impact the liquidity of issuers of fixed income securities.

November 21, 2022