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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Aurora Energy decision deems discharges prohibited, leaves open question of permit shield applicability
On 3 September 2014, the US Court of Appeals for the Ninth Circuit issued its opinion in Alaska Community Action on Toxics v Aurora Energy Services LLC.
Scaling back considerably from the October 2012 term, the US Supreme Court issued only a few rulings affecting environmental law during the October 2013 term.