Len Teti and Mike Mariani Present at PLI’s “Spin‑Offs and Other Separation Transactions” Program

On February 27, 2023, Cravath partners J. Leonard Teti II and Michael E. Mariani conducted a virtual program for the Practising Law Institute entitled “Spin‑Offs and Other Separation Transactions: An Overview.” Len and Mike provided an overview of market trends and recent spin‑off activity, including the growing popularity of spin‑off transactions. Mike spoke about the different structures that can be used to separate a business from a parent company along with their key benefits and complexities. Len spoke about general tax considerations and requirements, which can be fundamental in deciding whether and how to execute a spin‑off transaction.