Following weeks of anticipation and speculation about administrative guidance on corporate inversions, the Internal Revenue Service ("IRS") and the Treasury Department ("Treasury") released Notice 2014-52 ("Notice") on September 22, 2014, describing new regulations to be issued by the government to curtail inversion transactions.
On November 21, 2008, the US Department of the Treasury published its much anticipated final rules implementing the 2007 amendments to the US laws restricting foreign investments that may threaten US national security.
Although not yet in final form, and therefore not officially
in effect, in many respects the proposed rules are already in
force. They reflect practices that have been adopted in recent
years by the inter-agency Committee on Foreign Investment in
the United States (CFIUS), the regulatory body that administers
those US restrictions on foreign investment that are grounded
in national security concerns.
On April 3, 2007, the bipartisan Antitrust Modernization Commission (the "AMC") released its report assessing the current state of the antitrust laws in the United States and proposing several reforms. If these reforms are adopted, they could have an important impact on business.