Andrew Liazos
Subscribe to Andrew Liazos's PostsAndrew C. Liazos is the global chair of McDermott’s Benefits & Compensation Practice Group and has practiced at McDermott for over 25 years. Andrew focuses his practice on compensation and benefit matters, including related securities, M&A, IPO, private equity, international and litigation matters. Clients range from Fortune 500 companies to compensation committees to individual executives in employment and severance negotiations. Read Andrew Liazos' full bio.
Clawbacks, Compliance and Incentive Compensation: A Supplemental Approach
By Andrew Liazos and Michael W. Peregrine on Jun 26, 2014
Posted In Executive Compensation
The following post comes to us from Michael W. Peregrine, Partner at McDermott Will & Emery, Andrew C. Liazos, head of McDermott’s executive compensation practice, and Timothy J. Cotter, Managing Director at Sullivan, Cotter, and Associates, Inc. Governing boards should consider compliance-based incentive compensation as a supplement to statutorily mandated “clawback” provisions, and as an...
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Proposed Ban on Non-Competes in Massachusetts
By Anthony A. Bongiorno and Andrew Liazos on Jun 19, 2014
Posted In Employment
Proposed legislation introduced by Governor Patrick to eliminate most forms of non-competition agreement in Massachusetts may be enacted before July 31, 2014. This legislation creates significant risks for employers with employees in Massachusetts who are currently subject to non-competition agreements. Read the full article.
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Non-U.S. Retirement Plans Must Comply with or Claim Exemption from FATCA by July 1
By Andrew Liazos and Todd Solomon on Jun 13, 2014
Posted In Retirement Plans
In January 2013, the Internal Revenue Service (IRS) published final regulations under the Foreign Account Tax Compliance Act (FATCA). FATCA is intended to make it more difficult for U.S. taxpayers to conceal assets held in offshore accounts. In order to obtain information about offshore accounts, FATCA imposes significant reporting obligations on both non-U.S. foreign financial...
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Global Employment Company: Is It the Right Fit for Your Organisation?
By Andrew Liazos on Apr 10, 2014
Posted In Employment
Multinational companies increasingly have internationally mobile employees (IMEs) who perform services in more than one country, other than their country of citizenship, during a single taxable year. It can be quite challenging to manage legal compliance and tax risks with a globally mobile workforce using a typical secondment arrangement. Under this arrangement, an IME is...
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Camp Tax Reform Proposal Could Impact Executive Compensation
By Andrew Liazos on Mar 19, 2014
Posted In Executive Compensation
On February 26, 2014, U.S. House of Representatives Committee on Ways and Means Chairman Dave Camp (R-MI) released the proposed Tax Reform Act of 2014 (the Camp Proposal), which would simplify the Internal Revenue Code and reduce corporate and individual tax rates. However, to remain revenue neutral, the Camp Proposal would eliminate many important tax...
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IRS Issues Final Regulations Clarifying Substantial Risk of Forfeiture Under Section 83 of the Internal Revenue Code
By Andrew Liazos and Jeffrey Holdvogt on Mar 7, 2014
Posted In Executive Compensation
The Internal Revenue Service (IRS) recently released new final regulations under Section 83 of the Internal Revenue Code (the Code) that confirm several positions that it has successfully taken in litigation about what is a substantial risk of forfeiture (SRF) under Section 83 of the Code. The new regulations are substantially the same as proposed...
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