Featured Publications

Holland & Knight's Real Estate Section Adds David Allswang in Chicago

CHICAGO – David B. Allswang has joined Holland & Knight's Chicago office as a partner in the firm's Real Estate Section. Allswang concentrates his practice in the area of real estate law, with an emphasis on commercial leasing on behalf of landlords and tenants.

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Environment: Alert - January 7, 2009

On December 16, 2008, the U.S. Fish and Wildlife Ser­vice and the National Marine Fisheries Service published a final rule (Section 7 Rule) in the Federal Reg­ister that makes significant changes to certain provisions of the consultation requirements under Sec­tion 7 of the Federal Endangered Species Act (ESA). In one of the final actions of the Bush Administration’s environmental agenda, these actions set the stage for the Obama Administra­tion to wrestle with the scope of the ESA, and in particular, the interplay of climate change and its impact on endangered species.

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International Trade
Newsletter - January 24, 2002
 
In this Issue...
U.S. Loses In WTO Ruling On Foreign Sales Corporations
 
 January 24, 2002
 

A World Trade Organization (WTO) Appellate Body decision has affirmed an earlier ruling against the U.S. foreign sales corporations (FC) law that grants U.S. companies tax breaks for business income earned from their overseas operations. The European Union (EU) complained to the WTO that the U.S. law conferred a prohibited export subsidy. Four WTO decisions have agreed with the position of the EU, despite an attempt by the United States to address the problem with the passage of the Extraterritorial Income Exclusion Act of 2000. The WTO Appellate Body decision held that the revised law did not withdraw the FSC subsidy. Under an EU-U.S. agreement, the dispute now will go back to a WTO arbitrator to decide on the exact amount of possible countermeasures. The arbitrator's report is expected by the end of March. The WTO decision could cost U.S. businesses as much as $4 billion a year in lost tax breaks.