Williams Mullen

Virginia Environmental Regulatory Developments (February 2014)

A. Fast Track Regulations - 1. 9VAC5-10. General Definitions (Rev. D13) (amending 9VAC5-10-20). Statutory Authority: § 10.1-1308 of the Code of Virginia; federal Clean Air Act (§§ 110, 111, 123, 129, 171, 172, and…more

| Energy & Utilities, Environmental Law, Zoning, Planning & Land Use

Supreme Court Agrees to Take Case Assessing Scope of Review for Claim...

The Supreme Court on Monday, March 31, 2014, granted certiorari in Teva Pharmaceuticals USA, Inc. v. Sandoz, Inc., Case 13-854 (Mar. 31, 2014), a case that has the potential to overturn years of precedent leading back to the…more

| Civil Procedure, Intellectual Property, Science, Computers, & Technology

Addressing Public Corruption is Fundamental to Trade Facilitation

With the finalization of a Trade Facilitation Agreement (“TFA”) at the conclusion of the 9th Ministerial Conference in Bali, Indonesia, on December 7, 2013 (see: https://mc9.wto.org/system/files/documents/w8_0.pdf), the World…more

| Antitrust & Trade Regulation, International Law & Trade

Special Due Diligence Concerns When Buying Unmanned Aerial Systems

The regulatory lid is about to come off domestic commercial use of Unmanned Aerial Systems (“UASs”). When that happens, like a vacuum, the U. S. commercial market will seek to deploy every viable system. In the rush to acquire…more

| Commercial Law & Contracts, Intellectual Property, International Law &...

Understanding Real Estate Tax Assessment Procedures

If the locality where your company’s real property is situated went through a revaluation of real property for tax purposes effective as of January 1, 2014, your company should soon be receiving a notice of assessment. You may…more

| Taxation, Real Estate - Commercial

Obama Administration Announces Gift Tax Annual Exclusion Proposal

On Tuesday, March 4, 2014, the Obama administration released its FY15 Budget. At the same time, the Treasury Department issued its accompanying “Green Book” that describes various changes in tax law and the resulting revenue…more

| Elections & Politics, Taxation, Wills, Trusts, & Estate Planning

Tax Court Rules on Built-In Gains Discount and Appraiser Qualification

On February 11, 2014, the United States Tax Court issued a memorandum opinion (i) determining the proper method for valuing a holding company (i.e., an S or C corporation holding marketable securities or appreciated investment…more

| Civil Procedure, Finance & Banking, Securities Law, Taxation, Wills,...

Virginia Environmental Regulatory Developments (January 2014)

STATE AIR POLLUTION CONTROL BOARD - A. Final Regulations 1. 9VAC5-50. New and Modified Stationary Sources (Rev. I13) (amending 9VAC5-50-400, 9VAC5-50-410). Statutory Authority: § 10.1-1308 of the Code of…more

| Energy & Utilities, Environmental Law

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