NYSBA Securities Regulation Committee Meeting

New York State Bar Association

Speaking Engagement | February.13.2018 | 6:30pm - 8:30pm (Eastern Standard Time)

Skadden, Arps, Slate, Meagher & Flom LLP

Orrick Tax lawyers John Narducci and Stephen Lessard will participate in a panel discussion at the NYSBA's Business Law Section Securities Regulation Committee Meeting on Tuesday, February 13, 2018.

The panel will discuss certain consequences of the Tax Cut and Jobs Act for corporations and pass-through entities, including investment funds and hedge funds. Topics will include the deduction for income from pass-through entities, the 30% cap on the deduction of net business interest expenses, the three year holding period for capital gains allocated to owners of carried interests, the limitation on the use of certain net operating losses, certain changes to the international tax rules and the state and local tax aspects of certain of these new rules. The members of the panel are John Narducci and Stephen Lessard (Orrick, Herrington & Sutcliffe LLP), Simcha David (EisnerAmper) and Jill Grossman and Spiro Dorizas (Grant Thornton).

CLE Credits Available: N

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Practice:

  • Tax
  • International Tax
  • M&A and Private Equity
  • Structured Finance
  • Energy & Infrastructure
  • Derivatives

John Narducci Partner Tax, International Tax

New York

John Narducci is a partner in the New York office and the leader of the firm's Tax Practice Group in New York.  John's practice focuses on the tax aspects of securities offerings, mergers and acquisitions, restructurings, transactions in the energy market, financings, derivatives, as well as a broad range of other transactions.

John has extensive experience in stock and asset acquisitions, including tax-free reorganizations. He has represented purchasers, sellers and lenders in structuring acquisitions and negotiating the tax aspects of stock purchase and asset purchase agreements. Many of these acquisitions involved cross-border transactions.

Working with issuers, underwriters and investment funds, John has advised clients on numerous securities offerings, including securitization transactions, tender option bonds and high yield debt. Such offerings involved issuers in more than 40 countries.

John regularly works on the restructuring of transactions, including structured financings, project financings and energy and infrastructure projects. He advises on the tax planning aspects of such transactions.

Mr. Narducci has been involved in the development of tax-efficient financial structures, particularly in the cross-border context. For example, he has created tax-efficient structures for several investment funds. He also advises several financial institutions with respect to derivatives transactions, including the tax aspects of ISDA Master Agreements.

He also works with regulated and unregulated participants in the energy market on financings and a wide range of other transactions. Some of these transactions involve rural electric cooperatives.

John also advises on the tax aspects of pass-through entities, project financings and a broad range of other matters. He worked on the sovereign debt restructurings of Bulgaria, Costa Rica, Croatia, Nigeria, Poland and Vietnam.

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Practice:

  • Corporate Tax
  • International Tax
  • Tax Advocacy
  • Nonprofit Organizations
  • Public Finance Tax

Stephen Lessard Senior Associate Corporate Tax, International Tax

New York

Stephen Lessard, an associate in Orrick's New York office, is a member of the Tax Group. Steve focuses his practice on the taxation of debt and equity offerings, cross-border transactions, tax controversy, and municipal finance. He also has experience counseling nonprofit organizations on federal tax law and corporate governance. 

Prior to joining Orrick, Steve was a Surface Warfare Officer in the U.S. Navy.