Greenberg Traurig, P.A.

For more than three decades, Greenberg Traurig, P.A. has delivered practical, business-focused solutions for clients, from emerging companies to Fortune 500 corporations. Our international network of offices provides a multi-disciplinary team with the strategic business, legal, and political experience required to solve the increasingly complex needs of regional, national, and global companies.

Build America Bonds ARRA Provisions Summary (Including Guidance under Notices 2009-26 and 2009-50)
Vanessa Albert Lowry, Timothy D. Wolfe, July 1, 2009
Build America Bonds (BABs) are a new type of tax credit bond to be issued before January 1, 2011 that, unlike other tax credit bonds, bear actual taxable interest and either (i) the bondholder receives a credit of 35 percent of the amount of interest payable by the issuer (the "Bondholder...

European Commission Assesses €20 Million Fine for Failure to Notify
Elsbeth Beumer, Hans E. Urlus, July 1, 2009
The European Commission has assessed an unprecedented 20 million euro fine on the energy company Electrabel for failing to receive Commission approval prior to its merger with Compagnie Nationale du Rhone (CNR), as required under the E.C. Merger Regulation (ECMR).

IRS to Audit Employers Sponsoring H-1B Visa Holders
Marcela Bermudez, Patricia L. Gannon, Phillip A. Pillar, July 1, 2009
The Internal Revenue Service (IRS) recently announced that it will start conducting audits of withholding agents related to payments made to nonresident foreign nationals as a "Tier 1" issue.