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Practices
Municipal Restructuring and Insolvency
In addition, reliable access to capital has been interrupted in recent years by unprecedented turmoil and change in the bond market and the near ...
Municipal Restructuring and Insolvency
In addition, reliable access to capital has been interrupted in recent years by unprecedented turmoil and change in the bond market and the near disappearance of the bond insurance industry. Rising pension and post-employment benefits costs combined with a generally flat or only slightly increasing revenue picture have been significant challenges for many communities. Credit deterioration, on the part of both municipalities and financial counterparties, has caused some transactions, particularly those involving variable rate debt and/or interest rate swaps, to unravel. In the face of these ...
Orrick Wins Major Appellate Victory in Stockton Bankruptcy Case
December.10.2018
An Orrick team secured a complete victory in the Ninth Circuit on behalf of the City of Stockton, California in an appeal from an order confirming the plan of adjustment in the City’s chapter 9 bankruptcy case.
Practices
Merger Review
Orrick’s Antitrust and Competition Group assists clients in developing and advising on strategy and obtaining merger clearances around the world.
Merger Review
With attorneys in the United States, Europe and Asia, the team offers clients seamless service for multi-national transactions, including private and public takeovers. Our lawyers have extensive experience managing and devising solutions for high-profile transactions in key sectors, such as airlines, oil and gas, infrastructure, telecommunications, chemicals, pharmaceuticals, media, leading consumer branded goods, and food and grocery.
We regularly appear before competition agencies such as the U.S. Department of Justice, the U.S. Federal Trade Commission, the European Commission and national ...
UK's Proposed Investment Scrutiny Powers Are Far-Reaching
by Douglas Lahnborg and Matthew Rose | September.12.2018
Orrick's Douglas Lahnborg and Matthew Rose examine how the recently issued National Security and Investment White Paper proposes a significant expansion in the U.K. government's powers to scrutinize foreign investment beyond those available in other leading economies.
Practices
Pension Obligation Bond Financing
History
That financing and a number of copy-cats that rapidly followed were tax-exempt and primarily driven by then legal arbitrage possibilities. ...
Pension Obligation Bond Financing
History
That financing and a number of copy-cats that rapidly followed were tax-exempt and primarily driven by then legal arbitrage possibilities. Many of these transactions were structured as lease financings or as installment sales of annuities. Tax-exempt pension obligation bonds largely came to an end with the introduction of tax legislation that became part of the Tax Reform Act of 1986. However, we have continued to work on pension bonds that are tax-exempt because of special transition rules or special (non-arbitrage) situations.
A new taxable version of pension obligation bonds ...
Webinar: Recent Developments in Pension Obligation Bonds
by Jenna Magan, Roger Davis and Patricia L. Eichar | August.16.2017
This webinar from Orrick and The Bond Buyer looks at increases in unfunded pension liabilities, a widespread problem affecting many public entities.
Practices
Nonprofit Corporation Financing
Lawyers in our Nonprofit practice have been providing legal counsel to nontraditional issuers such as corporations that are just now establishing ...
Nonprofit Corporation Financing
Lawyers in our Nonprofit practice have been providing legal counsel to nontraditional issuers such as corporations that are just now establishing nonprofit status, and to organizations that may not even have the assets to qualify for a tax-exempt bond issuance under typical circumstances.
We have acted as bond counsel for almost all of the tax-exempt financings for cultural institutions that have been done in New York and for numerous such financings in California. We also have extensive experience as bond counsel, underwriters’ counsel and institution counsel for colleges, universities, ...
Bottom-Line Implications of New Lease Accounting Standards: What Leaders of Not-for-Profit Organizations Should Know
by Jenna Magan and Mayling Leong | August.28.2018
A new lease accounting standard that takes effect next year could significantly impact financial covenant calculations by not-for-profit organizations under their borrowing agreements as well as the structure of future borrowing agreements and their choice of financing product.
Practices
Post-Issuance Tax Compliance
Such efforts include: (i) the distribution of tax questionnaires to 501(c)(3) borrowers and governmental issuers of tax-exempt bonds inquiring as to ...
Post-Issuance Tax Compliance
Such efforts include: (i) the distribution of tax questionnaires to 501(c)(3) borrowers and governmental issuers of tax-exempt bonds inquiring as to the scope and extent of post-issuance compliance practices and the date of adoption of written post-issuance tax policies; (ii) annual reporting requirements for 501(c)(3) borrowers of tax-exempt bonds in the form of IRS Schedule K (IRS Form 990), which requires detailed information regarding outstanding tax-exempt bonds and private business use calculations; (iii) audits of tax-exempt bonds (including physical examination of the bond financed ...
Higher Education, Exempt Organization & Governmental Financings - Tax Presentation
by Larry Sobel and Charles C. Cardall | November.07.2016
Topics covered:
Qualified Equity - Allocation & Accounting Rules for Private Business Use
Refunding Into Flexibility - Anticipatory Remedial Action In Connection With A Refunding
Maximizing The Insubstantial - Multipurpose Elections &The $15 Million Limitation
The Changing Landscape Of Private Service Contracts: Revenue Procedure 2016-44
Private Business Use - Research Contracts
Private Business Use - Material Transfer Agreements
Private Business Use - Incidental Use Exception & Examples & Short Term Use Exception
Private ...
Practices
Private Litigation
We have extensive experience with every type of antitrust claim, including claims involving price fixing, predatory pricing and buying, bundling and ...
Private Litigation
We have extensive experience with every type of antitrust claim, including claims involving price fixing, predatory pricing and buying, bundling and loyalty programs, tying, exclusive dealing, monopolization, product distribution, counterclaims in infringement actions, mergers and acquisitions.
We routinely handle the most challenging antitrust claims and procedurally complicated antitrust litigation, at times managing scores of cases involving many parties spanning multiple jurisdictions.
Our lawyers have a strong record in both the trial and appellate courts. In fact, companies often turn ...