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Foreign-Owned Corporations

Husch Blackwell LLP

Key Bridge Collapse Leads to Proposed Legislative Overhaul

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Earlier this week, two U.S. congressmen released proposed language for a bill—the Justice for Victims of Foreign Vessel Accidents Act—that was first announced via press release in August 2024. The proposed law would raise the...more

International Lawyers Network

Buying and Selling Real Estate in Mexico (Updated)

KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER MEXICAN LAW - I. Real Estate General Overview - The real estate business in Mexico has been increasingly growing during the last decades to the point that now it is considered...more

Goodwin

Far Beyond Real Estate: The Real Impact of Florida’s SB 264

Goodwin on

On May 8, 2023, Florida Gov. Ron DeSantis signed into law Senate Bill 264: Interests of Foreign Countries (SB 264), effective July 1, 2023. The law may affect not only traditional real property owners and investors but also...more

BCLP

Register of Overseas Entities - Duty to File Update Regardless of Any Change - Process and Implications

BCLP on

The Register of Overseas Entities launched nearly a year ago on 1 August 2022. The Register was established as a measure to increase transparency in the ownership of overseas entities that own UK land....more

Sheppard Mullin Richter & Hampton LLP

Foreign-owned companies operating in the United States must file a 5 year survey with the U.S. Department of Commerce by May 31,...

The Bureau of Economic Analysis (“BEA”) of the U.S. Department of Commerce, which conducts a series of mandatory surveys on foreign investments in the U.S., has recently published Form BE-12, its five-year survey on foreign...more

Dinsmore & Shohl LLP

[Webinar] The Future of Investment Law in Latin America: Energy Sovereignty and Mineral Resources - April 20th, 10:00 am - 4:00 pm...

Dinsmore & Shohl LLP on

In Latin America, a profound process of economic reforms characterized the early 1990s, whereby, in some countries of the region, measures were taken to restructure, liberalize and even privatize the energy and mining...more

International Lawyers Network

Buying and Selling Real Estate in Mexico (Updated)

KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER MEXICAN LAW - I. Real Estate General Overview - The real estate business in Mexico has been increasingly growing during the last decades to the point that now it is...more

Miller Canfield

The Inflation Reduction Act: A Tax Overview

Miller Canfield on

The Inflation Reduction Act of 2022 (the “Act”), which passed both chambers of Congress on Aug. 12, 2022, includes the following tax provisions meant to raise government revenues and subsidize green energy initiatives....more

Morgan Lewis

Update: Draft Law on External Management over Certain Foreign-Owned Companies Submitted to Russian Parliament

Morgan Lewis on

The draft law on external management was submitted to the Russian Parliament and differs considerably from the previous version. The new draft provides for the establishment of a special interdepartmental commission that will...more

Cohen & Gresser LLP

The Economic Crime Act: What will Change for Managers of Offshore Structures

Cohen & Gresser LLP on

In the early hours of 15 March 2022, the Economic Crime (Transparency and Enforcement) Act (the “Act”) came into force. The rapid passage of the Act through the UK Parliament, after years of delays, came in response to...more

Dunlap Bennett & Ludwig PLLC

Putin v. Peppa Pig: How Russia’s War in Ukraine Threatens Intellectual Property Rights

Seeking to end the human suffering caused by Russia’s invasion of Ukraine, the United States and many other nations have imposed strict economic sanctions on Russia. For the same reason, many private companies—including...more

Morgan Lewis

Russia Considers Imposing Special External Management over Certain Foreign-Owned Companies

Morgan Lewis on

Russia is considering introducing legislation that, if adopted, will have a dramatic impact on foreign-owned businesses and their strategies concerning Russia. The goal of the proposed law is to (1) warn foreign owners that...more

K&L Gates LLP

Foreign Ownership of UK Real Estate Under Scrutiny

K&L Gates LLP on

The UK Government has recently introduced the Economic Crime (Transparency and Enforcement) Bill 2022 (the Bill). Amongst other objectives, the Bill proposes the setting up of a register of overseas entities and their...more

Freeman Law

[Webinar] Preparing Form 5472 step by step instructions - February 22nd, 12:00 pm - 2:00 pm CT

Freeman Law on

You are invited to Freeman Law Tax Academy Series - FORM 5472: STEP BY STEP INSTRUCTIONS - Learning Objectives: - Determine the applicability of Form 5472 - Properly complete Form 5472 - Identify prospective...more

International Lawyers Network

Buying and Selling Real Estate in Mexico (Updated)

KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER MEXICAN LAW - I. Real Estate General Overview - The real estate business in Mexico has been increasingly growing during the last decades to 1 Article 27 of the Mexican...more

WilmerHale

SEC Chair Issues Statement on Investor Protection Related to Developments in China

WilmerHale on

On Friday, SEC Chair Gary Gensler issued a statement concerning investor protection related to recent developments in China. The statement summarizes risks to US investors as a result of recent government-led developments in...more

Akin Gump Strauss Hauer & Feld LLP

New Mainland China Official Government Opinion on the Off-campus Tutoring Education Sector—Implications for VIE Structures in This...

Last month we alerted our clients to the expected impact of the Implementation Rules for the Law for Promoting Private Education (“Education Sector Implementation Rules”), which signaled a continued focus by the authorities...more

Dorsey & Whitney LLP

President Biden’s Made in America Tax Plan Would Treat More Cross-border Transactions as Inversion Transactions

Dorsey & Whitney LLP on

Generally, an “inversion” is a transaction in which a non-U.S. corporation directly or indirectly acquires substantially all of the properties held by a U.S. corporation or partnership, after which the former owners of that...more

Pillsbury Winthrop Shaw Pittman LLP

License Renewal Application Reminder for Radio Stations in Arizona, Idaho, New Mexico, Nevada, Utah, and Wyoming and Television...

June 1, 2021 is the license renewal application filing deadline for commercial and noncommercial radio and TV broadcast stations licensed to communities in the following states: Full Power AM and FM, Low Power FM, and FM...more

Morrison & Foerster LLP

SEC Issues Amended Disclosure Rules, One Step Closer To Implementing The Holding Foreign Companies Accountable Act

On March 24, 2021, the U.S. Securities and Exchange Commission (“SEC”) issued rule amendments to implement submission and disclosure requirements mandated by the Holding Foreign Companies Accountable Act (“HFCAA” or “Act”)....more

International Lawyers Network

Buying and Selling Real Estate in Mexico

I. Real Estate General Overview - The real estate business in Mexico has been increasingly growing during the last decades to the point that now it is considered as a serious, viable and promising economic activity among...more

Miller Canfield

Foreign-Owned Company Eligibility for PPP 2.0 Loans

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Certain foreign-owned or controlled U.S. businesses are eligible to apply for potentially forgivable loans under the second round of the Paycheck Protection Program ("PPP") included in the recently enacted Economic Aid to...more

Sheppard Mullin Richter & Hampton LLP

Alternative Sources of Capital for Foreign-Owned Businesses in the US

A main focus for businesses in need of capital recently has been the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which expanded the criteria under which borrowers could apply for loans through the U.S. Small...more

Miller Canfield

PPP Loan Eligibility: Do You Count Foreign Employees or Just U.S. Employees?

Miller Canfield on

The U.S. Small Business Administration ("SBA") has issued new guidance on the new Paycheck Protection Program ("PPP"), which currently makes loans available to applicants that employ fewer than 500 people (or higher amount...more

Faegre Drinker Biddle & Reath LLP

Foreign Contract and Gift Reporting Deadline Approaches for Higher Education Institutions, As Does a Revised Reporting Process

As discussed in a previous alert dated June 18, 2019, the U.S. Department of Education (the “Department”) over the last year increased its scrutiny of postsecondary institutions’ contracts with, and gifts from, foreign...more

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