The Week at Ropes & Gray: Two Major Transactions; Our Perspectives on U.S. Tax Reform; Year-End Charitable Giving; Privacy and Sports Betting at the U.S. Supreme Court; Mexico’s Anti-Corruption Regime Falters; The Future of Value-Based Health Care
Weekly highlights of what’s happening at Ropes & Gray:
- Two noteworthy transactions closed this week:
- Cheung Kei Group has acquired the landmark Canary Wharf office building from Saïd Holdings for £270 million. JP Morgan is the lead tenant, renting ten of the 12 floors in the iconic London building. Ropes & Gray advised Saïd Holdings in the sale.
- KKR Credit has agreed to provide a $175 million senior secured term loan facility to EACOM Timber Corporation, a major Eastern Canadian wood products company. Ropes & Gray represented KKR Credit in connection with the transaction.
- On Dec. 2, the U.S. Senate narrowly passed the Tax Cuts and Jobs Act, the Senate Republicans’ version of tax reform legislation. With this vote, Congress is one step closer to sending a tax reform bill to President Donald Trump for his signature. A recent Ropes & Gray alert details late changes to the Senate legislation.
- With the end of the year right around the corner and potential tax changes looming, now is the time to focus on your charitable giving. Here are some considerations that might help you sort your priorities and develop a plan to ensure a positive impact with your donations. Additionally, on Dec. 4, the IRS provided guidance on the use of donor advised funds for pledges and charity events.
- The U.S. Supreme Court recently heard oral argument in Carpenter v. United States, an important privacy-rights case. The Court’s decision could have critical implications for companies operating in the digital economy and their ability to limit government access to data about consumers, particularly so-called non-content data. Read a summary and analysis of oral arguments in the case authored by members of Ropes & Gray’s leading privacy & cybersecurity team.
- And, if the U.S. Supreme Court rules in New Jersey's favor in Christie v. National Collegiate Athletic Association, states around the country will want to capitalize on opportunities presented by the widespread public interest in sports betting. Our attorneys examine the case and its implications in an alert.
- Mexico’s anti-corruption enforcement regime, the National Anti-Corruption System, has suffered a series of setbacks and delays since its adoption in July 2016. A new Law360 article by Ropes & Gray attorneys examines NAS in light of the recent resignation of the country’s attorney general, Raúl Cervantes.
- Value-based health care is one of the most pressing topics in health care finance and policy today. What course will value-based care take in 2018? In the December issue of Managed Care Magazine, health care partner and co-chair Deborah Gersh explains that despite federal government uncertainty, clients recognize that value-based health care is here to stay.
- Follow us on Twitter @RopesGray for legal insights and the latest firm news.