John P. Napoli, Partner, Seyfarth Shaw LLP to Speak at KCís US REITs for Foreign Investment: Understanding Advantages Under FIRPTA Proposed Reforms Live Webcast
New York, NY, March 06, 2014 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that John P. Napoli, Partner, Seyfarth Shaw LLP will speak at the Knowledge Congress’ webcast entitled: “US REITS for Foreign Investment: Understanding Advantages under FIRPTA Proposed Reforms.” This event is scheduled for Monday, March 17, 2014 12:00 pm – 2:00 pm (ET).
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About John P. Napoli
John Napoli is co-managing partner of Seyfarth Shaw’s New York office, where he practices in the areas of federal, state and local taxation and chairs the firm’s national Tax practice group. Mr. Napoli advises public and private clients on tax issues relating to corporate mergers and acquisitions, restructurings, consolidations, financing, real estate (including REITs), tax free like kind 1031 exchanges, subchapter S corporations, partnerships, joint ventures, and limited liability companies. Mr. Napoli has been instrumental in structuring numerous tax-efficient real estate transactions, including the formation, operation and liquidation of REITs and UPREITs. He also represents clients before the Internal Revenue Service, United States Tax Court, and various state and local authorities on a variety of controversy matters. Mr. Napoli has an AV rating in Martindale Hubbell, has been selected for inclusion in Super Lawyers–NY Metro every year since 2006, and in 2011, was named to the NACD Directorship’s “Directorship 100” list of “people to watch” in corporate America.
About Seyfarth Shaw LLP
Seyfarth Shaw LLP has more than 800 attorneys in the U.S., London, Shanghai, Melbourne and Sydney, and provides a broad range of legal services in the areas of corporate, real estate, labor and employment, employee benefits, and litigation. The firm is a recognized leader in delivering value and innovation for legal services, and its acclaimed SeyfarthLean client service model has earned numerous accolades from a variety of highly respected third parties, including industry associations, consulting firms and media.
Seyfarth Shaw’s REIT practice is interdisciplinary, comprised of attorneys with corporate, securities, real estate and tax law expertise who represent public and private REITs as outside general counsel and in speciﬁc ﬁnance, development, acquisition and disposition transaction, as well as advising on reporting obligations under Sarbanes-Oxley and SEC filings. Attorneys in the practice have comprehensive experience in all stages of REIT operations, and represent every type of REIT including equity, mortgage, hybrid, special purpose REITs, public and private REITs, and funds that invest in REITs.
Real estate investment trusts (REITs) have long been considered to be tax-efficient vehicles for foreign investments in U.S. real estate. Recently, the Obama administration and members of Congress have issued various legislative proposals that encourage private infrastructure investment. These proposals are intended to attract foreign capital to the U.S. real estate market by reducing existing tax barriers to investment, primarily under the Foreign Investment in Real Property Tax Act of 1980 (commonly known as FIRPTA).
Many (but not all) of these reforms could enhance the value of REITs as vehicles for foreign investment in the United States. However, since REITs are subject to complex rules related to income, assets, share ownership, and distribution of income, they can represent challenges to adopters and investors.
In this 2-hour live webcast, our panel of key thought leaders and practitioners will offer insight with respect to the latest and significant issues surrounding foreign investment in U.S. real estate through REITs.
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register to an event, please visit: http://theknowledgegroup.org/