The Inflation Reduction Act of 2022 (IRA) will be a game changer for the energy industry. This guide focuses on those issues of particular significance to the energy industry; it is not intended to be comprehensive. Highlights include: Extending the ITC and PTC for projects beginning construction through 2024, and removal of the phasedown. Expanding the PTC to include solar. Expanding the ITC to include energy storage projects. Adopting a base/bonus rate structure for many credits under which the...

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Previously published in the South China Morning Post | The growing housing crisis threatens to spread like previous financial contagions and damage economies across the globe Policymakers need to let poor performers suffer the consequences of bad bets while looking after solvent banks and enacting land and property reforms History has shown that financial crises are often the story of either a housing bust or stock market collapse – or both. Think of the crash of 1929 that started as...

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Key insights Significant provisions in the Inflation Reduction Act take aim at lowering the cost of health insurance and prescription drugs and offer billions in clean energy tax incentives. The most significant tax increases are primarily aimed at the largest corporations and publicly traded companies. The bill includes the appropriation of additional funding for the IRS to enhance enforcement activities, operations support, and business system modernization. The vast majority of proposed tax increases on individuals were not included in...

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A TPRM platform is critical for today’s businesses. Still, hurdles during implementation can turn into major stumbling blocks. Here’s what to know. Managing your third-party relationships has never been more important than it is now. With more organizations expanding their vendor databases to address the unsettled global supply chain, the risk of exposure to financial and legal compliance issues and violations is rising. A third-party risk management (“TPRM”) platform can mitigate that risk — and even prevent issues before they occur....

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It is highly likely, and hardly a surprise, that in the near future the U.S. Securities and Exchange Commission ("SEC") will increase the number of enforcement actions it brings against crypto industry participants. It is widely known in the crypto industry that the SEC's Division of Enforcement has been investigating a number of high-profile crypto industry participants for some time,2 and at least some of those investigations likely will lead to enforcement actions relatively soon. The recent insider-trading case3...

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