This practice note provides key practice tips for advising a client considering a liability management transaction. Given recurring periods of market volatility, issuers in a wide range of industry sectors from time to time evaluate potential liability management transactions, including debt repurchases, tender or exchange offers, and consent solicitations. Liability management transactions allow an issuer
Tax
SEC Proposal Significantly Impacts Private Fund Advisers and Investors
On February 9, 2022, the US Securities and Exchange Commission (the “SEC”) voted to propose a suite of new rules and amendments (the “Proposal”) under the Investment Advisers Act of 1940, as amended. If adopted, the Proposal would significantly increase the compliance obligations of advisers to “private funds” and would fundamentally reorder the relative rights,…
US IRS Releases Final Regulations Addressing IBOR Transition
On December 30, 2021, the Internal Revenue Service (IRS) published final regulations for the IBOR transition. This Legal Update provides background on the principle US federal income tax concern with IBOR-related amendments to existing contracts and an overview of previous IRS guidance aimed at addressing the concern. The Update then discusses the types of modifications…
Benefits & Compensation University: Hot Topics in Executive Compensation
By Melissa Pfeuffer on
Benefits & Compensation University: Hot Topics in Executive Compensation
October 31, 2021 Webinar | 12:00pm – 1:30pm EDT
Register here.
Please join us for Mayer Brown’s Benefits & Compensation University. During this webinar series, we are exploring ERISA, benefits and compensation issues in depth and hearing from leading Mayer Brown lawyers about the changing…
Convertible Bonds
By Melissa Pfeuffer on
June 29, 2021 Webinar
1:00pm – 2:00pm EDT
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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. Join Mayer Brown partners,…
Liability Management
By Melissa Pfeuffer on
June 18, 2021 Webinar
11:00am – 12:00pm EDT
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Issuers in a range of industry sectors may now be evaluating potential liability management transactions, including debt repurchases and tenders or exchange offers. In some cases, no-action letter relief may provide issuers and their advisers with greater flexibility for tender offers for non-convertible debt…
IBOR Transition: Current Status of US Federal Tax Guidance
By Melissa Pfeuffer on
May 12, 2021 Webinar
11:00am – 12:00pm EDT
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For US federal tax purposes, the main consideration for replacing an interbank offered rate (IBOR) with a fallback rate (or of adding a fallback mechanic to an existing instrument) is that this alteration could result in a deemed exchange of the instrument (with tax…
REIT Offerings
By Melissa Pfeuffer on
February 22, 2021 Webinar
1:00 pm – 2:00 pm EST
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This briefing will provide attendees with a broad, yet focused educational program that presents a clear picture of legal, regulatory and tax considerations for real estate investment trusts (REITs). During this presentation hosted by the Practising Law Institute (PLI), Brian Hirshberg, Remmelt…
On point. – Real Estate Investment Trusts (REITs)
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)
Posted in Tax
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.