Recent developments affecting global stock plans
As noted in Pillsbury’s 12 May 2011 advisory, Going Global with US Employee Stock Plans, sponsors of global stock plans must navigate a host of legal and tax regimes to maintain compliance with applicable rules and laws.
This article briefly discusses some recent developments in a number of countries that may have consequences for the administration, operation or design of such plans. The following is intended only to be a high-level summary of legislative changes and other events. Where relevant, companies should seek guidance in co-ordination with local counsel to evaluate the impact of these or other developments on their global stock plans…
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Co-head of Pillsbury’s energy industry team, Robert A James, authored this chapter in the publication The Oil and Gas Law Review.
On 27 November 2013, the Governor’s Office of Business and Economic Development released draft proposed regulations on the recently enacted California Competes Tax Credit.