Awards & Recognition
SRZ Shortlisted for 2023 IFLR Americas Awards
March 23, 2023
Schulte Roth & Zabel was recently shortlisted in the “Financial Services Regulatory Team of the Year” and, for work on the Commonwealth of Puerto Rico Plan of Adjustment, the “Restructuring Deal of the Year” categories for the IFLR Americas Awards 2023.
The awards celebrate the most impressive legal innovation in the region’s cross-border market. This category is based on a team’s work on innovative projects and considers, among other things, the design of systems, programs, tools or tech for clients’ regulatory compliance and providing innovative support to clients on complex regulatory challenges.
View the full shortlist here.
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Alerts
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Alerts
On March 1, 2024, New York Governor Kathy Hochul signed into law an amended version of the New York LLC Transparency Act (“NYLTA”),[1] requiring certain limited liability companies (“LLCs”) formed or authorized to do business in New York (each, a “NY Reporting Company”) to file a beneficial ownership information (“BOI”) report with the NY Department of State (“NY DOS”). Each NY Reporting Company will be required to disclose on its BOI report identifying information pertaining to each individual who directly or indirectly exercises substantial control or owns or controls 25 percent or more of the ownership interests of a NY Reporting Company (each, a “Beneficial Owner”) and the individuals involved in the NY Reporting Company’s formation or registration to do business in New York (each, an “Applicant”). Information reported to NY DOS will be maintained in a private database not accessible to the public. The NYLTA goes into effect on Jan. 1, 2026 and requires the NY DOS to promulgate regulations implementing the legislation.
Alerts
On April 24, 2024, the Internal Revenue Service (“IRS”) released final regulations (TD 9992) (“Final Regulations”) addressing the determination of whether a real estate investment trust (“REIT”) is “domestically controlled.” The Final Regulations finalize proposed regulations (REG-100442-22) (“Proposed Regulations”) under Section 897 of the Internal Revenue Code published on Dec. 29, 2022.[1]
Alerts
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