Mr. Mollerus is a partner in Davis Polk’s Tax Department. [Full Bio]

Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) this afternoon, and we cover it here in two memos. In one memo, we cover the economic stabilization, small business and bank regulatory sections of the legislation. In the other memo, we cover tax
Continue Reading Congress Passes the CARES Act: Economic Stabilization and Tax Relief

The Senate Republicans recently released a proposal for Phase 3 of the government’s stimulus response to the coronavirus (COVID-19) emergency.  Our rush summary describes certain key portions of that proposal that we think will be of interest to our clients and friends. We cover the return of the money market
Continue Reading Senate Republicans Release a Stimulus Proposal to Combat Economic Impacts of Coronavirus

Over the past 30 years, we have seen explosive growth in private equity, both in the number and types of funds and in the enormous allocation of capital to the asset class. Along the way, we have witnessed different cycles of M&A activity involving private equity businesses or teams.

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Continue Reading So You Want to Buy a Stake in a Private Equity Manager?

Setting the Stage for Comprehensive Tax Reform Hopes for pursuing tax reform to a successful conclusion are high, given one-party control of the government (and exuberant campaign promises). While it is too soon to predict the content or timing of tax legislation for the next Congress, this memo sets out
Continue Reading Setting the Stage for Comprehensive Tax Reform