Study Group: Beverage Industry Experts: Lawyers (US)
Council Members in this Study Group: 11
This study group may include professors, attorneys, former regulatory officers, and consultants knowledgeable on topics such as law and litigation issues, lobbying, policy and government, elections, antitrust, immigration, intellectual property, and legislation, among others.
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Leading Experts in this Study Group
- David Lewis
Vice President
Manchester Trade
Dr. David Lewis is a Vice President with Manchester Trade, where he specializes in international trade and investment matters for governments, businesses, and international organizations in Latin America and the Caribbean (LA/C). His areas of expertise...
GLG NewsSM Analyses by this Study Group's Leading Experts(?)
Opinions and analyses expressed in GLG News are solely those of the author. See the Terms of Use for details.
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Verizon DR tax settlement allows for purchase by AmericaMovil of Mexico
December 1, 2006
Analysis by: David Lewis, Vice President,Verizon sales tax agreement reached | www.dr1.com
Reports from the Dominican government and US Embassy in Santo Domingo indicate that Verizon and the government have reached an agreement on the amount of sales tax to be paid on the $2bn sale of earlier this year. Reports are that both sides agreed to a sales tax payment of approx. $200m rather than the $518m originally requested by the Dominican government.
While the settlement obligates Verizon to pay the sales tax on the transaction (the company argued that since the holding company was Canadian the sales tax did not apply), it does serve to uphold investor-state agreements and buttress investor confidence in the Dominican Republic.
The resolution of this tax settlement will not pave the way for the settlement of the sale of Verizon DR to Mexican America Movil which has been aggressive in its telecomm expansion in the region, including recent purchase of Verizon in Puerto Rico as well.
However, other service investors will now be very cautious as to how they structure financial transactions in the Dominican Republic so as to avoid a similar conflict and/or a similar tax burden. -
Ecuador election will result in energy and debt concerns for investors
December 1, 2006
Analysis by: David Lewis, Vice President,A Leftist at the Helm in Ecuador | www.businessweek.com
Ecuadorian President-elect Rafael Correa announced that he wants to revise oil exploration contracts between the government and foreign companies to increase revenues and he will also not withdraw the government's unilateral cancelation of Occidental Petroleum investment contracts in the country. Coupled with his commitment to press for foreign debt renegotiation terms and/or default, the economic environment in Ecuador will be very worrisome for investors, national and foreign.
Members in this Study Group include these company types:
- Law Firm (general practice/large)
- Law Firm (Boutique / Specialized)
- Law firm (small / solo)
- Lobbying Firm
- Economic Consulting Firm
Members in this Study Group often have these job titles:
- Partner
- Attorney
- Principal
- Owner