Last week, the Internal Revenue Service released the long-awaited final regulations governing the deductibility of fines and similar penalties paid to governmental entities (and certain nongovernmental regulatory entities) under tax code Section 162(f). The regulations also address the corresponding information reporting requirements imposed on governmental entities pursuant to Section 6050X.

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Hersh Verma
Hersh Verma
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2025 Annual Litigation Trends Survey

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2025 Annual Litigation Trends Survey

Norton Rose Fulbright has released its 2025 Annual Litigation Trends Survey, analyzing litigation trends across the legal landscape.

United States | January 15, 2025

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FTC announces new HSR thresholds

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FTC announces new HSR thresholds

The Federal Trade Commission (FTC) announced increased reporting thresholds under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976, as amended (HSR Act).

United States | January 14, 2025

Antitrust and competition
A different type of “ball drop” for New Years Eve

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Fifth Circuit deals a blow to non-pro rata LMTs: Now what?

The Fifth Circuit reversed the 2023 rulings by the Houston bankruptcy court in the Serta Simmons chapter 11 case.

United States | January 13, 2025

Restructuring
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