O'Melveny and Wilson Sonsini check in for Alaska Air's $1.9bn acquisition of Hawaiian
O’Melveny advises Alaska as Wilson Sonsini reps Hawaiian in deal likely to attract regulatory scrutiny
Source: globallegalpost.com
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California Lifts Suspension of the Use of NOLs
In June 2020, California lawmakers passed legislation that limited use of net operating losses (NOLs) for California taxpayers with net business income of $1 million or more for the tax years 2020, 2021, and 2022. In addition, the amount of business tax credits that could be used in a year to offset California tax was limited to $5 million for the same tax years. (See related Wilson Sonsini…
Source: wsgr.com