Finance & Banking, Toxic Torts

Insurance Recovery Law -- May 01, 2013

by Manatt, Phelps & Phillips, LLP on 5/2/2013

Insurers Had Duty to Defend Regardless of Whether Allegations in Underlying Cases Are True or False, Says Illinois Court - On April 12, 2013, an Illinois trial court ordered that Travelers Casualty & Surety Company,...more

DEEP Updates Engineered Control Financial Assurance Guidance

by Pullman & Comley, LLC on 2/22/2013

On January 31, 2013, the Connecticut Department of Energy and Environmental Protection (DEEP) unveiled revisions to guidance on financial assurance for engineered control variances under the Remediation Standard Regulations...more

Financial Transaction Tax: European Implementation and American Imitation?

by Mary Burke Baker, Daniel F. C. Crowley, Michael W. Evans, Andrés Gil, Bruce J. Heiman, Karishma Shah Page | K&L Gates LLP on 1/28/2013

Momentum is building to reform the U.S. tax system and address the nation’s fiscal challenges. However, options to raise revenue to reduce the deficit and offset a potential decrease in corporate and individual tax rates are...more

Non-Grantor Trusts – A Double-Edged Solution for Taxpayers Living in States with High Taxes

by Gerald Nowotny on 1/21/2013

Overview - This article discusses the use of non-grantor trusts as an asset protection planning tool, while introducing the non-grantor trust as an income tax planning tool in order to reduce taxpayer’s exposure to state...more

Distressed Properties and Environmental Liability: To Foreclose or Not to Foreclose, That is the Question

by Lane Powell PC - Finance Law on 6/12/2012

When the collateral has environmental contamination, the lender is faced with a take-it-or-leave-it dilemma, either of which poses significant financial risk. Taking a property in foreclosure may result in the lender bearing...more

Grubby Money - Lawyers’ Reluctance to Talk About Fees

by Pamela Woldow on 5/9/2012

It’s no secret – and no surprise – that in today’s competitive and cost-constrained legal landscape price has taken center stage: clients are increasingly fixated on tightened budgets and efficient service delivery. It’s also...more

IRS and Treasury Publish New Rules Regarding Payments of Synthetic Dividends

by Ropes & Gray LLP on 2/6/2012

On January 23, 2012, the IRS and the Treasury Department published temporary and proposed regulations under Section 871(m) of the Internal Revenue Code. The regulations implement the tax and withholding regime applicable...more

Many Happy (Consolidated) Returns or ‘Til “DIT” Do Us Part? Final Treasury Regulations Address Intercompany Items of Gain on...

by Sutherland Asbill & Brennan LLP on 3/4/2011

On March 3, 2011, the Internal Revenue Service and Treasury issued final Treasury regulations that amend Treasury Regulation § 1.1502-13 with respect to the treatment of certain intercompany items of gain from transactions...more