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Merger Law Befuddles in Poland
An unprecedented ruling by Poland's competition authority concerning acquisitions by two regional newspapers has roiled the M&A scene, prompting a haze of confusion over when buyers need to notify regulators on asset sales. The case illustrates one of many pitfalls that arise in adapting European Union competition law locally. In this case, attorneys speculate the problem may have stemmed from a misinterpretation of the word "undertaking" when translating merger law into Polish.Preparing Your Company for Tougher Credit-Rating Scrutiny
Increased scrutiny from credit-rating agencies Moody's, Standard & Poor's, and Fitch is making it tougher for companies to retain their high ratings, and presenting extra challenges for the already-downgraded.True Leadership Requires Optimism in Tough Times
I know most lawyers have been in this situation: Heading into the first meeting of the day, feeling ready to take on whatever challenges await, until that confident attitude falls victim to someone whose constant complaining and negativity turns the "can-do" mood into "why bother?"Tax Issues in the Global Economy
As the global economy expands, practitioners increasingly encounter U.S. companies that undertake operations outside of the United States. These "outbound" operations raise numerous business and legal considerations that are absent in purely domestic scenarios.Lawyers Contend Proposition 2 Not Limited To Gay Marriage
A proposed amendment that would place a ban on same-sex marriage in the Texas Constitution and prohibit government from recognizing marriage-like unions could stir up more work for lawyers if it passes.After a hostile reception by the Justices at oral arguments, plaintiffs lawyers doubted the high court would endorse U.S. securities claims by foreign investors who bought shares of foreign companies on foreign exchanges. They just prayed the damage would be limited. Those hopes were dashed by the Court's unanimous ruling Thursday. We've got analysis from the lawyers who argued both sides at the Court.
In The Trenches: Ex-Homeland GC leaves Alston for Greenberg Traurig
Joe D. Whitley has left Alston Bird for Greenberg Traurig, where he is a shareholder. Whitley, a former U.S. Attorney for both the Northern and Middle Districts of Georgia, is a white-collar criminal defense attorney who broadened his practice into national security matters after serving as the first general counsel for the Department of Homeland Security.Harvard leads push to sell private equity stakes
A push by the richest U.S. universities to unload their stakes in private-equity funds is flooding the market, driving down prices for the world's best-known buyout firms.Investors led by Harvard University, which manages the largest U.S. endowment at $36.9 billion, may increase so-called secondary sales of private-equity funds to more than $100 billion during the next year, overwhelming available pools of capital.Reporting Interest on U.S. Accounts of Non-Resident Aliens
Michael Sonnenblick, owner of Sonnenblick Law, writes that regulations will change two things: First, starting in 2014, for U.S.-source interest earned in 2013, financial institutions will have to issue 1042-S forms on NRA accounts to both the client and to the IRS; second, if a foreign government asks for this information, the IRS will supply it.Trending Stories
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