Washington, D.C. tax of counsel Paul Oosterhuis spoke at "Tax Planning for Domestic & Foreign Partnerships, LLCs, Joint Ventures & Other Strategic Alliances 2017," a PLI seminar held June 6-8 in San Francisco. Mr. Oosterhuis participated in a panel discussion titled "International Joint Venture Issues," which focused on the benefits and detriments of using a domestic or foreign partnership instead of, or as part of, corporate structures in outbound and inbound transactions, among other topics.

Chicago tax partners David Polster and Sarah Ralph spoke at a separate installment of the seminar, held May 2-4 in Chicago. Mr. Polster took part in a discussion titled "Troubled Partnerships," which focused on distressed partnerships and the effect of debt modifications, debt workouts and partnership bankruptcy proceedings on partners and creditors, among other topics. Ms. Ralph spoke during "The Basics of Basis (Not Including Liabilities)," a discussion on inside and outside tax basis, and the calculation of outside basis, focusing principally on Sections 705 and 704(d), and addressing the importance of Section 706 in determining the basis on the sale of all or a portion of an interest.