1. Introduction to M&A in International Context
A 58-page handout
- What is international M&A
- Internal
- Third party
- What law governs international M&A
- Multiple jurisdictions
- Merger directive
- For U.S. taxpayers, IRC must be applied
Sean King, Williams Mullen, Raleigh, NC
2. International Acquisitions Under Section 367 (a)
A 15-page handout
- Stock transfer rules
- Outbound transfers of other property
- Intangible transfers
- Recent Amendments
Sean King, Williams Mullen, Raleigh, NC
3. Joint Ventures
A 31-page handout
- Choice of entity or non-entity strategic alliance
- Setting up the JV entity
- Operations of JV entity
- Subpart F
- Operating distributions
- Foreign tax credits
- Disposition or liquidation of JV entity
John G. Ryan, McDermott Will & Emery
4. Acquisitions Under Section 338
A 37-page handout
- When can a stock purchase be treated like an asset purchase?
- When is a section 338 election appropriate
- Use of section 338 (H)(10)
Stewart R. Lipeles, Baker McKenzie, San Francisco, CA
5. Contingent Liabilities in Merger and Acquisition Transactions
A 29-page handout
- Relevance of contingent liabilities
- Treatment in taxable transactions
- Treatment in tax-free transactions
- Discussion of deal expenses
Kirsten Malm, Baker McKenzie, San Francisco, CA
|
6. Tax Due Diligence
A 30-page handout
- Acquisition process
- Due diligence
- FIN 48 and its impact on the diligence process
- Tax due diligence and structuring
- Tax due diligence and modeling
- Diligence and its impact on the agreement
- Post acquisition integration
- Why use an outside advisor
Arnold McLellan, Deloitte & Touche, San Francisco, CA
Bruce Gribens, Deloitte & Touche, San Francisco, CA
7. Case Study: S Corporation Acquisition
A 67-page handout
- General tax characteristics of S corporations
- Overview of hybrid systems of taxation
- Interaction with the subchapter C rules
- General acquisitions structures
- Tax-free acquisition of S corp. assets
- Tax-free acquisition of S corp. stock
Barton W.S. Bassett, Morgan Lewis, Palo Alto, CA
8. Consolidated Returns: Key Issues in M&A
A 72-page handout
- Rulings
- Temporary and Proposed Treas. Reg. §1.1502-13©(6) revisions for intercompany gain on stock
- Proposed Treas. Reg.§1.1502-13 (g) intercompany obligations
- Proposed Treas. §Reg1.1502-36 unified for loss on subsidiary stock
Danni Dunn, Ernst & Young, San Jose, CA
9. Executive Compensation Issues
A 15-page handout
- What is 409A and 280 G
- Due diligence
- Reps and warranties in the merger agreement and the disclosure letter
- Remedies
Blake Martell, Fenwick & West LLP, Mountain View, CA
|
