One day after the President signed the Families First Coronavirus Response Act (HR 6201) in law, the Senate Republicans released their initial bill text for the Phase 3 COVID-19 Bill. The bill text, which is 247 pages, covers a wide range of areas, including changes to the Internal Revenue Code. This alert highlights some of the proposed tax law changes, which are intended to increase liquidity, as well as technical corrections to the Tax Cuts and Jobs Act (TCJA).

A&M Managing Director Rocco Grillo was interviewed for Part Two of Data Breach Today’s article series that focuses on best practices around responding to data breaches.

On March 18, 2020, President Trump signed the Families First Coronavirus Response Act into law (the “Act”). The Act covers a range of emergency relief items ranging from coverage of COVID-19 testing to paid sick leave to budgetary effects.

A&M Managing Director Rocco Grillo was interviewed for a Data Breach Today Article “To Survive a Data Breach, Create a Response Playbook”, which provides seven essential components to best survive, detect and mitigate data breaches.

While we are all going through this unprecedented crisis, A&M would like to extend some high-level cybersecurity best practices and cyber-hygiene steps companies, organizations, and individuals can take.

As many U.S. based multinational enterprises (“MNEs”) have entities based in China, including those engaged in activities such as manufacturing or procurement, the Coronavirus is having a significant impact on the supply chains of MNEs.

The IRS and Treasury are no longer routinely asking the Federal Register for expedited review immediately before the publication of regs, according to one former official.

Understandably, the focus of today’s Budget has centred on urgent measures to minimise the impact of coronavirus. However, this was also a critical moment for the Chancellor to outline plans to boost economic activity post-Brexit – and it was one which had British businesses at its heart.

Last November, the U.S. Department of Justice (DOJ) announced the formation of a new Procurement Collusion Strike Force (PCSF). The PCSF will focus on “deterring, detecting, investigating and prosecuting antitrust crimes."

It seems that everyone agrees to say that increasing a company's revenue solves many problems. When Private Equity Funds - which usually are focused on increasing revenue over profits - face profitability problems, the common train of thought is "we have to grow to get out of this trouble." However, if not done correctly, they might end up killing the goose that lays the golden eggs.

Cole Corbin, Head of Fund Analytics and Reporting on Alvarez & Marsal Valuation Services’ Alternative Investment team, will moderate a breakfast panel private equity trends.

On February 25, 2020, the U.S. Supreme Court in Rodriguez v. FDIC unanimously ended the practice of determining the ownership of a tax refund based upon federal common law. Hereafter, the ownership will generally be determined based upon state corporate law, which takes into account contractual arrangements (e.g., tax sharing agreements) between the parties.

In recent years, as affordability continues to be a more sensitive focus, high school seniors and their families have become increasingly skeptical about the relative value of the traditional four-year college experience.