The increasingly digital nature of the world economy is changing not only models of commerce, but also how governments seek to tax economic activity that is conducted over the Internet.  How does the government of country Y tax the company that is physically located in country X, sells goods or services in country Y and then…

Last year, AT&T proposed an acquisition of Time Warner under which AT&T will acquire Time Warner in a stock-and-cash transaction valued at $107.50 per share. The two parties had structured the deal so that no airwave licenses would be transferred, thus avoiding review by the FCC. However, by avoiding the public scrutiny of the FCC review process, AT&T…

Spain’s central government has now invoked Article 155 of the Spanish Constitution to take control from the secessionist-oriented government in the region of Catalonia.  The executive of the Catalonian regional government will be replaced, the regional police and finances will be controlled from Madrid and regional elections will be called to allow for a new…

The May 2, 2017 bankruptcy filing for Alitalia might be the end of the journey for the troubled Italian flag carrier, but creditors in the U.S., Italy and elsewhere might still have a ticket to recover some claims. Alitalia has now also filed for bankruptcy protection in the U.S. under Chapter 15 of the Bankruptcy…

Global Market Entity Identifier Utility (GMEI), an LEI issuer, is now requesting information relating to the parents of its registered entities.  The past information collected on an LEI entity, which consisted of self-identifying information, is known as “Level 1 Data.”  The additional information now being requested is known as “Level 2 Data.” Learn more here. Robin Powers focuses…