Baker Botts also earned two Tier 4 Regional rankings in the Middle East and Africa.In addition, three Baker Botts lawyers were ranked as Leading Individuals.
Two firm lawyers were listed as Next Generation Lawyers:
• Shadi Haroon - Saudi Arabia: Banking & Finance
• Stephen Burke - United Arab Emirates: Construction and United Arab Emirates: Dispute Resolution
The Corporate, Commercial and M&A team’s work was highlighted in the Legal 500 EMEA commentary for “’providing an excellent quality of legal advice’ and being ‘able to solve complex problems quickly and efficiently’.”
Please click to view the complete results of Legal 500 EMEA 2017. These rankings can be viewed by selecting the appropriate country and practice area on the left side of the web page.
Click to view the full list of the panel members.
Today, the proposed changes focus on strong reductions in both individual and corporate income tax rates, reducing the number of individual income tax brackets to three — 10 percent, 25 percent and 35 percent — and easing the tax burden on most Americans.
The reform also calls for eliminating the estate tax and alternative minimum tax (AMT), taxation of corporate earnings on a territorial basis, as well as a plan to include a special one-time tax to entice companies to repatriate cash that they are parking overseas.
Baker Botts’ Firmwide Tax Chair and partner, Richard Husseini notes, “President Trump’s tax plan represents transformational change. Implementation will require, among other things, detailed and complex transitional rules. For many taxpayers, these transitional rules will almost be as important as the underlying changes to the tax code.”
“The enactment of a reduced corporate tax rate, combined with the move to a territorial tax system, would put US multinationals on more equal, if not better, footing relative to multinationals based in other major countries around the world,” said Don Lonczak, Baker Botts Tax partner in Washington D.C.
“Enthusiasm may remain tempered, however, as long as uncertainty remains regarding the role that a destination-based consumption tax will play in any tax reform legislation, as well as the rate and mechanics of a one-time repatriation tax on accumulated offshore earnings. And, while these proposals would greatly reduce the number of pages of the tax code devoted to cross-border taxation, the time and resources dedicated to the IRS audit process will not necessarily see much savings under a territorial regime.” Mr. Lonczak further stated.
Baker Botts L.L.P., a leading international law firm, announced today that the firm’s noted energy regulatory expert, Andrea Stover, will be speaking at the Gulf Coast Power Association (GCPA) 31st Annual Spring Conference taking place at the Hilton Americas in Houston from April 19-20, 2017.
The White House announced that the president signed a memo today instructing U.S. Treasury Secretary Steven Munchin to review the Orderly Liquidation Authority (OLA) provision of the Dodd-Frank Act. Financial Restructuring partner at Baker Botts is available to comment.
In a statement issued on April 7th, the SEC’s Division of Corporate Finance announced that it will not recommend enforcement action against companies that do not complete due diligence of their supply chain as required under Section 1502 of the Dodd-Frank Act (the “Conflict Minerals Rule”). Click here to read more from Baker Botts lawyers.
The Court of Appeals for the Federal Circuit has recently announced that it will hear en banc the question of whether certain decisions of the Patent Trial and Appeal Board (PTAB) that are entered at the beginning of America Invents Act (AIA) trials (e.g. at the outset of an Inter Partes Review) are reviewable on appeal. This has the potential to reshape the conduct of PTAB Trial proceedings and may alter the relationship between PTAB Trials and parallel District Court proceedings. Click here to read more from Baker Botts IP lawyers.
Baker Botts partners are among the elite leaders convening at the 2017 Women’s Power Summit on Law and Leadership, Power Plays that Matter, on April 26-28 in Austin, Texas.
The United States Supreme Court, now a full nine member Court with the newly appointed Justice Neil Gorsuch officially joining the Bench this week, will hear oral arguments today in a case that could significantly impact constitutional questions involving government aid, religion and schools. Chairman of Baker Botts’ Supreme Court and Constitutional Law Practice, Aaron Streett is available to comment.
On April, 14, 2017, the United States Court of Appeals for the District of Columbia Circuit (D.C. Circuit) vacated and remanded orders issued by the Federal Energy Regulatory Commission (FERC) which had established a new, and lower, return on equity (ROE) for certain New England transmission owners (Transmission Owners). Click to read more from Baker Botts lawyers.
Power industry players and Baker Botts’ partner, Carlos A. Solé III, will take part in a panel discussing the issues crucial to the development of electric power markets during the Platts 32nd Annual Global Power Markets Conference at the Wynn Las Vegas, Las Vegas, NV from April 24 -26, 2017.
Recent news reports have highlighted the number of major retailers who are contemplating the potential of seeking relief under the Bankruptcy Code. Financial restructuring experts at Baker Botts are available to explain why the restructuring of distressed retailers could lead to significant store closings.
Sunnova Energy Corporation announced today the closing of a private placement by its subsidiary, Helios Issuer, LLC, of approximately $255 million aggregate principal amount of asset-backed notes and two warehouse credit facilities in an aggregate principal amount of $360 million.
Please click to see Baker Botts' latest Intellectual Property Report.