New Rules on Inversion Transactions

On November 22, 2015, Cravath prepared for its clients a memo entitled “New Rules on Inversion Transactions.” The memo summarizes Notice 2015‑79, issued by the Department of the Treasury and the Internal Revenue Service regarding inversion transactions, which includes changes that make it more difficult for U.S. companies to effectuate an inversion transaction and changes that reduce the tax benefits of inversion transactions.

Please click here to read the memo.