Insights
Our attorneys frequently author or co-author articles, memoranda and newsletters. Please click here if you would like to receive a copy of any of these publications.
Extension of UK Takeover Code Jurisdiction
May 16, 2013 | Skadden, Arps, Slate, Meagher & Flom LLP | Michael E. Hatchard, Scott C. Hopkins
On 15 May, the U.K. Takeover Panel published its response to a consultation paper proposing to extend the U.K. Takeover Code's jurisdiction to now apply to all companies which have their registered offices in the U.K., the Channel Islands or the Isle of Man — regardless of their location of central management and control — if they are listed on a multilateral trading facility in the U.K., such as the Alternative Investment Market. The amendments will take effect on 30 September 2013.
Ranbaxy Resolves Criminal and Civil Charges Through Record Settlement
May 15, 2013 | Skadden, Arps, Slate, Meagher & Flom LLP | John T. Bentivoglio, Jennifer L. Bragg, Michael K. Loucks, Gregory M. Luce, Maya P. Florence
Charged with adulterating drugs, failing to file reports and making material false statements to the FDA, generic drug manufacturer Ranbaxy USA Inc. pleaded guilty to seven felony charges and agreed to pay $500 million to resolve criminal and civil False Claims Act liability. The largest drug-safety settlement with a generic drug manufacturer to date, the settlement demonstrates that the U.S. enforcement agencies overseeing the pharmaceutical industry intend to focus on manufacturing issues, not just advertising and promotion claims.
Tax-Efficient Capital Vehicles for Unregulated Utilities: REITs, MLPs and Up-Cs Considered
May 15, 2013 | Skadden, Arps, Slate, Meagher & Flom LLP | Nickolas Gianou, Sean Shimamoto, David F. Levy
With the future of renewable energy tax incentives uncertain and the traditional providers of renewable energy capital hard to come by, it is only natural that unregulated utilities have begun to consider alternate sources of capital for new projects. The three leading alternatives — real estate investment trusts, master limited partnerships and umbrella partnership C corporations — are promising capital vehicles, but they have a number of meaningful differences. The best choice for a given project will depend on a utility owner’s particular operating and financing model.
Shares for Rights: Over-Sold or Under-Appreciated?
May 14, 2013 | Skadden, Arps, Slate, Meagher & Flom LLP | James Anderson, Helena Derbyshire
The new U.K. "employee shareholder" status, which will allow employers to provide employees with company shares in exchange for waiving certain rights, is receiving a cold reception from both corporations and labour groups. However, in this mailing we identify the ways in which the new provision might confound its critics.
Toll Manufacturing Transactions: Trade Secret and IP Protection
2013 | Practical Law Company | Bruce Goldner, Jonathan Hillel
Protecting Trade Secrets and IP in Toll Manufacturing Agreements Checklist
2013 | Practical Law Company | Bruce Goldner, Jonathan Hillel
Emerging Say-on-Pay Trends and Litigation Developments
May 13, 2013 | The Harvard Law School Forum on Corporate Governance and Financial Regulation | Regina Olshan, Barbara R. Mirza
Exempt and Nonprofit Organizations Alert: IRS Addresses UBTI and Executive Compensation Issues
May 8, 2013 | Skadden, Arps, Slate, Meagher & Flom LLP | Vivienne C. LaBorde, Emily M. Lam, J. J. Harwayne Leitner, Coleen M. McGrath, David J. O'Connell, Sarah E. Paul, Fred T. Goldberg, Jr., Daniel L. Kurtz
On April 25, 2013, the IRS released its Final Report for the Colleges and Universities Compliance Project, a multi-year analysis of tax-exempt colleges and universities. The report focuses on two issues, both of which are key concerns for all 501(c)(3) public charities: unrelated business taxable income and executive compensation.
Inside Mariana Islands v. Canadian Imperial Bank
May 6, 2013 | Law360 | Lea Haber Kuck, Gregory A. Litt, Scott D. Musoff, Timothy G. Nelson
May 3, 2013 | Skadden, Arps, Slate, Meagher & Flom LLP | Lea Haber Kuck, Gregory A. Litt, Scott D. Musoff, Timothy G. Nelson
On April 30, 2013, the New York Court of Appeals issued a significant decision on the reach of New York’s judgment enforcement laws. By clarifying the scope of New York’s post-judgment execution procedures, Commonwealth of the Northern Mariana Islands v. Canadian Imperial Bank of Commerce provides added certainty for banks and financial institutions with offshore subsidiaries.
Connect with us