Alvarez & Marsal (A&M) today released its fourth UAE Banking Pulse report, which shows that UAE banks are generally performing well, with overall higher profitability.

This is the third of a four-part series highlighting some of the key investigation issues and findings of the Examiner’s report. In this edition, we explore the claim that the Debtor’s (CEOC’s) customers were diverted to properties owned by non-Debtors (CGP and CERP) through the customer loyalty program, Total Rewards.

The Chancellor of the Exchequer today presented his 2017 Budget to Parliament. At the link below, please find our summary of the main tax announcements.

The Delaware Secretary of State (SOS) announced on September 29, 2017, that the Department of State will begin mailing notices to holders who have been identified as potentially non-compliant with Delaware unclaimed property laws.

Alvarez & Marsal (A&M) has bolstered its Corporate Performance Improvement practice with the addition of seasoned transformation experts Scott Burgess and Keith Browning who join as Managing Directors in the Washington, D.C. and Atlanta offices, respectively.

Alvarez & Marsal (A&M) continues to expand its presence in the Nordic region with the addition of Daniel Frigell, Managing Director, to lead its Nordic valuation practice.

Artificial intelligence (AI) and machine learning have already reached the point where companies have the option to have mundane, repetitive tasks done by machines rather than humans.

In our debut edition of the A&M Tax Minute (titled IP Planners May be Humming a New Tune in Light of Pending U.S. Tax Reform), we modestly predicted that a day could soon arrive where the United States might be seen as a viable intellectual property (IP) holding company jurisdiction.

In recent years, external forces have continued to advocate for more transparency and executive compensation changes. A recent example is the tax reform bill, which contains several provisions aimed at curbing (or at least further taxing) executive compensation.

In May 2018, the way businesses handle consumer data will change irrevocably for the better. No longer will they be able to harbour consumers’ personal data ‘just because…’ – finally they will be held accountable for not only how they use it, but how they look after it too.

Alvarez & Marsal (A&M) announces its 2017/2018 Executive Change In Control Report. The report provides context around increasing demands for greater transparency with respect to executive compensation, in particular change in control provisions, and reveals that the overall value of change in control benefits provided to CEOs and other named executive officers (NEOs) are still quite sizeable.

A relentless focus on operational efficiencies, top-line growth and return on investment – all these private equity priorities have now become activist investor territory in listed companies.

"We work with companies across industries on how to combat and tackle disruption, to drive transformation and to avoid becoming obsolete," says David Riviere, managing director with A&M in Atlanta.

Retail is perhaps one of the most obvious sectors at the moment where failing to keep up with a changing market is most apparent, with venerable brands falling victim to the Amazon effect.

As expected, the Senate Finance Committee released its initial tax reform proposal on Friday. Separately, the House Ways and Means Committee put out its final legislative markup (the night before).