W. Mark Smith’s Post

On April 25, 2024, the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued final regulations on the transferability of certain tax credits under the Inflation Reduction Act of 2022 (IRA) (Final Regulations). Treasury and the IRS previously issued Notice 2022-50 on October 24, 2022 and proposed regulations on June 21, 2023 (Proposed Regulations). The final regulations generally conform to the Proposed Regulations, but include some key differences and clarifications. #Energy #Tax https://lnkd.in/ekgNHx8e

The European Parliament's formal adoption of the Corporate Sustainability Due Diligence Directive (CSDDD) marks a significant milestone in corporate governance. Companies will need to allocate substantial resources—both time and financial— and train their staff and establish a robust system for monitoring and addressing potential harms within the company’s supply chains. Read what this means for your business in our latest legal briefing: https://lnkd.in/eX95D9_r #ESG

The UK Takeover Panel is consulting on changes which would reduce the scope of companies currently subject to the Takeover Code. In this update, we take a closer look at the proposals, their impact and next steps. Read more: https://lnkd.in/gRAyxibq #CapitalMarkets

On March 27, 2024, the Growth Opportunities Act was promulgated making it more difficult for multinational enterprises (MNEs) to invest in Germany and tightening regulations on intercompany financial transactions. In this briefing, Dr. Lars H. Haverkamp, LL.M. and Thore Holtrichter discuss the extended interpretation of the arm's length principle (#ALP), interest deduction criteria, and what MNEs should do immediately to comply. Read now: https://lnkd.in/e3mgxg3s #Tax

Members of our SALT team are on the move this week! Read on to learn more about our presentations at the following events: - TEI Region 9’s Annual Conference - COST’s Spring Conference and Audit Sessions - TEI Carolinas Chapter - Raleigh event - TeleStrategies’ Communications Taxation Conference

What an honor to be nominated ‘UK Law Firm of the Year’ at the #ChambersEuropeAwards in Paris! Last week we had a fantastic evening with clients and contacts to celebrate significant milestones from across the region. Thank you to our clients for their trust, continued partnership and recognition for this nomination.

We’re proud to announce we won Banking, Finance & Restructuring Team of the Year at the prestigious Middle East Legal Awards 2024. Partner Clint Dempsey commented 'This recognition is a testament to the dedication, expertise, and unwavering commitment of our talented team members. We would like to give a huge thank you to our clients for continuing to trust us in supporting them on market-leading finance transactions in the Middle East and Africa'. A huge thank you to Law.com for putting on another fantastic evening, and congratulations to all the worthy winners on the night! The full list of winners can be found here: https://lnkd.in/gNWXhXj #EvershedsSutherlandMiddleEast #MELA2024 #LegalAwards

The EU Platform Work Directive (EU Directive) has now been adopted by the European Parliament and will come into force shortly, and will regulate the rights of individuals working via digital labour platforms (#DLPs) for the first time. Read more about the Directive in our latest briefing: https://lnkd.in/eP4M6qc7 #EmploymentLaw #EUDirective #PlatformWorkers

Our Eversheds Sutherland DC Pensions team are delighted to have partnered with PensionsEurope on Road to DC: Understanding the Shift. This paper explores the transition from DB to DC pension schemes across Europe, which are being driven by political, socio-economic, and regulatory changes: https://lnkd.in/ga6mcBwC For more information, please reach out to our European DC Pensions team Francois Barker, Michael Jones, Eric Bergamin, Peter Fahy, Charmian Johnson, Rolf Kowanz and Vanessa Wells. #PensionsEurope #DCPensions