In the midst of an administration that has been mired in legislative setbacks on both healthcare and tax reform (among various other “distractions”), President Trump has largely relied on the executive order to further his agenda thus far in Washington, D.C.

Several Alvarez & Marsal Disputes and Investigations professionals have been recognized in the 2017 edition of Who’s Who Legal’s Asset Recovery guide.

I vividly recall the moment in the summer of 2014 while attending a CPE event at the Miami Marlins Park. Sitting in a room of primarily controllers and chief financial officers, those on the front lines of what was about to come, it became clear that we were in for a heavy dose of CPE on a newly issued U.S. GAAP standard on revenue recognition for customer contracts.

In this roundtable discussion, A&M's Phil Beckett and Jochen Benz discuss the growing correlation between risk management and e-discovery in today's business world, as well as the challenges companies face when they coordinate e-discovery with risk planning.

The main change of CbCR requirements that will impact the reporting and compliance burden on U.K. companies relates to the additional notification requirement. This change is in line with the OECD Model and the EU Directive on Administrative Cooperation (2011/16/ EU, or DAC4) on mandatory exchange of information. It will possibly not be welcomed by companies as it creates an additional deadline outside the annual selfassessment return process, even though the actual notification will probably be identical for later years for most companies.

If the Trump Administration believed tax reform to be an easier initiative than health care, the last few weeks have been a rude wake up call.

Drug overdose deaths in the U.S. are projected have reached 59,000–65,000 in 2016, a figure exceeding the peak number of automobile related fatalities (54,589) and the AIDS epidemic (50,877).1 Drug overdose deaths are now the fourth leading cause of death among Americans aged 15–65 — the prime years of life — after cancer, heart disease and unintentional injuries.3 Prescription opioids such as hydrocodone (Vicodin) and oxycodone (Percocet) account for 40–50 percent of the total.4

在中国设立的金融机构需要履行尽职调查流程，以识别非居民持有的特定金融账户，并将
所识别出的非居民特定金融账户信息报送至中国税务机关

Financial institutions established in China are now required to perform due diligence procedures on non-Chinese residents who hold financial accounts with the institutions, as well as to collect and submit requested financial account information to the Chinese authorities.

The article sets out the remaining major regulatory and statutory changes that will impact banks in the next few years in the U.K. and Europe and describes some of the likely impacts these will have on bank behaviour and how this might impact large corporates.

The U.K. Criminal Finances Act (“CFA”) received Royal Assent on 27 April 2017. The CFA contains two new criminal offences aimed at corporates – the failure to prevent the facilitation of U.K. tax evasion, and the failure to prevent the facilitation of foreign tax evasion – it is expected that these provisions will become effective later this year.

Alvarez & Marsal (A&M) has announced the addition of seasoned retail transformation leader, Kristin Kohler Burrows, who joins as a Senior Director in its Private Equity Performance Improvement practice in New York.

On July 21, 2016, the Department of Labor (“DOL”), Internal Revenue Service (“IRS”), and Pension Benefit Guaranty Corporation (“PBGC”) (collectively the “Agencies”) proposed major revisions to Form 5500.

As record profits in mortgage warehouse lending attract lenders and investors, concern is mounting through the lending community regarding new entrants that lack warehouse lending experience.