EACCNY member CMS Hasche Sigle is happy to inform that the CMS cross border team advised Telefónica Deutschland in all legal matters relating to the largest IPO in Germany within the last five years. The shares have been traded on the Frankfurt stock exchange since 30 October 2012. Upon full exercise of the greenshoe-option, the gross issue proceeds would amount to EUR 1.45 billion. For further information, please see this press release.

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In response to the results of the 2012 election, John O. McManus - top AV-rated tax and estate planning attorney and founding principal of Tri-State-Area-based McManus & Associates - released the following guide to changes in tax rates and exemptions, as well as a statement below: 2012 and 2013 Tax Rates and Exemptions                                                                                                               2012                 2013 Estate Tax Rate                                                                                 35%                   55% Estate Tax Exemption                                                                        $5.12MM          $1MM Gift Tax Rate                                                                                      35%                   55% Gift Tax Exemption                                                                             $5.12MM          $1MM Generation Skipping Transfer...

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Arendt & Medernach, the leading independent business law firm inLuxembourg, is pleased to announce the arrival of Laurent Schummer at the firm. Laurent Schummer specialises in corporate law, mergers and acquisitions, joint ventures and the structuring of private equity funds. Laurent, who was admitted to the Luxembourg Bar in 1998, has spent most of his career in the Corporate department of a large international law firm inLuxembourg. He holds a law degree (Licence en droit) from the Catholic University of...

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The Dodd-Frank Consumer Financial Protection Act gave the new Consumer Financial Protection Bureau (CFPB) the honor of being one of only three agencies subject to a statute that is aimed at providing extra protection for small businesses. This little-known law, the Small Business Regulatory Enforcement Fairness Act of 1996 (SBREFA), requires covered agencies - the Environmental Protection Agency (EPA), the Occupational Safety and Health Administration (OSHA), and now the CFPB as well - to convene a special panel whenever one...

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