One prominent adviser on cross-border matters that involve national security issues, Morgan, Lewis & Bockius partner Giovanna Cinelli, said the reform push will mean more worries for dealmakers involved in transactions that could involve high-technology, big data or critical infrastructure, in particular.
A plan to build a park that would extend on a platform into the Hudson River off Manhattan’s West Side is back on again after mogul Barry Diller said in September that he was backing out after years of litigation.
Gov. Andrew Cuomo has signed legislation allowing the state to establish guidelines for tanker avoidance zones after the Coast Guard last year proposed designating 10 new areas in the Hudson River where commercial oil vessels could anchor.
New York is facing federal funding cuts to hospitals that could require the state to revisit its roughly $150 billion financial plan, even as the debate over the future of the Affordable Care Act subsides in Congress after failure to repeal and replace earlier this year.
Allen & Overy partner Heath Tarbert, who led the firm's U.S. bank regulatory team in Washington, was confirmed Wednesday to a top post at the U.S. Treasury Department. Tarbert is leaving the Magic Circle the firm, one of the largest from the U.K., at a time when it's posting record numbers in several key metrics, including partner profits.
The Committee on Foreign Investment in the United States, an interagency group that reviews foreign investments for national security concerns and is chaired by the Treasury secretary is reviewing a record number of mergers and acquisitions involving foreign and U.S. companies.
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