Our latest On point. focuses on real estate investment trusts (“REITs”). Established in 1960, REITs were designed to democratize real estate investing by providing retail investors with the opportunity to obtain passive gains from large-scale, income-producing real estate and mortgage portfolios. REITs typically receive preferential tax treatment in the form of no entity-level tax and
Equity capital markets in United States: regulatory overview (Global Guide 2020)
This guide provides an overview of the equity capital markets in the United States, including a discussion of IPOs and follow-on offerings, the principal exchanges and their listing requirements, as well as recent developments affecting the equity capital markets.
Debt capital markets in the United States: regulatory overview (Global Guide 2020)
This guide provides an overview of the debt capital markets, market activity, legal and regulatory requirements applicable to debt offerings in the United States, and recent developments affecting the debt capital markets.
Limited US Tax Guidance for Adding ARRC and ISDA Fallbacks
On Friday, October 9, 2020, the Internal Revenue Service released Revenue Procedure 2020-44 (the “Revenue Procedure”), providing retroactive but limited relief for amending specific types of legacy contracts to add fallback mechanics for the London Interbank Offer Rate or other Interbank Offer Rates. The fallback granted relief by the Revenue Procedure must rather strictly follow
SEC Reporting Issues for Foreign Private Issuers: Bloomberg Tax Portfolio 5507-4th
Portfolio 5507 discusses the securities laws applicable to foreign private issuers that access the U.S. capital markets and the integrated disclosure system.
This most recent edition includes updates for foreign private issuers, and the financial intermediaries that work with foreign private issuers, in connection with public offerings and exempt offerings.
The portfolio has been updated
Market Trends 2019/20: Business Development Companies
Lexis Practice Advisor
This practice note covers recent market trends affecting business development companies (BDCs), particularly focusing on various types of securities offerings undertaken by public and private BDCs. BDCs are closed-end investment management companies that are specially regulated by the Investment Company Act of 1940, as amended (the 1940 Act). BDCs provide capital to,
Webinar Event: Benefits and Compensation University: Hot Topics in Executive Compensation
Wednesday, October 7, 2020
12:00pm to 1:30pm EDT
Register here.
Mayer Brown’s Benefits & Compensation University has expanded from our annual Executive Compensation University to include health, welfare and qualified plan issues. During this series of webinars, we will explore benefit and compensation issues in depth and hear from leading Mayer Brown lawyers about
Webinar: Convertible Bonds: Understanding the Key Benefits
July 23, 2020
2:00 pm – 3:00 pm EDT
Register here
As many issuers continue to seek access to the capital markets in light of the pandemic related downturn, our webcast will focus on convertible bonds. Converts have been among the most popular financing tools in recent months, and, for good reason.
Please join Mayer
Legal Update: Modification of Intra-Group Debt Instruments
Just as with debt instruments between unrelated parties, the current economic downturn may cause related parties to want to modify the terms of debt instruments existing between them. And as with debt instruments between unrelated parties, modification of debt instruments between related parties may have a number of tax consequences. What constitutes a “modification” and
Reopenings: Issuing Additional Debt Securities of an Outstanding Series
This Lexis Practice Advisor practice note discusses reopenings of debt securities issuances. Companies frequently raise capital by issuing additional debt securities of the same series as debt securities outstanding under an existing indenture, often referred to as “reopening the indenture” or “reopening the series.”
Read the full article here.