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Private Wealth Services: Newsletter - November 2009

There has been considerable debate on Capitol Hill this year over the taxation of a Carried Interest in the context of a Private Equity Fund (PEF). At the same time, there has been public discussion of the role that the private equity industry will have in our economic recovery. In the realm of estate planning, PEF Principals possess unique opportunities to shift the performance of their interest in a PEF to future generations – potentially resulting in very significant estate tax savings. This article will review the basic PEF structure, describe the nature of a Principal’s interest in a PEF and indentify wealth transfer techniques that should be considered by a Principal.

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Intellectual Property and Technology: Alert - November 17, 2009

Governor Patrick’s Office of Consumer Af¬fairs and Business Regulation announced on November 4, 2009, that it has filed the final Massachusetts ID Theft Regulation, also known as 201 CMR 17:00. The goal of Regulation 201 is to help combat the loss of personal information; the most significant change is a require¬ment that covered entities amend existing agreements that they have with third-party service providers to include language requiring these providers to implement and main¬tain “appropriate” security measures for the protection of personal information.

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Aviation: Centerline
Newsletter - December 2007
 
In this Issue...
FAA Regulatory Review Currently Underway
 
December 18, 2007
 

On November 7, 2007, the FAA announced that it is requesting comments from the public to identify any FAA regulations currently in effect that it should amend, remove or simplify. For many years, the FAA has maintained an active regulatory review program, the last major review occurring in February 2004. According to the FAA, since 1992 the FAA has completed five rounds of regulatory review and has received more than 1,300 comments.

As part of its ongoing review process, the FAA is inviting any interested party to identify three regulations, in priority order, that it believes the FAA should amend or eliminate. In order to focus on areas of greatest interest, and to effectively manage agency resources, the FAA requests that commentators limit the three issues they believe are the most urgent, and to list them in priority order when submitting. Specific suggestions where rules could be developed as performance-based rather than prescriptive, and specific plain-language suggestions as to how those regulations should be written are encouraged. At the end of the process, the FAA will publish a summary and general disposition of the comments received and, where appropriate, how the FAA will adjust its regulatory priorities.

Comments, identified by Docket Number FAA-2007-29291, are due by January 16, 2008, and may be submitted (1) on-line at www.regulations.gov, (2) by mail or by hand to Docket Management Facility, U.S. Dept. of Transportation, 1200 New Jersey Ave., S.E., West Bldg Ground Fl., Room W12-140, Washington, D.C. 20590, or (3) by fax to the Docket Management Facility at 202-493-2251.
As they say, speak now or forever hold your peace!

For more information, email David Harrington at david.harrington@hklaw.com or call toll free, 1-888-688-8500.

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