MLPs: Critical But Often Overlooked Tax Implications Of Suspended Distributions And Debt Restructuring – Seeking Alpha

I’ve noticed within the comments section of my recent articles on Legacy Reserves (NASDAQ:LGCY) and Memorial Production Partners (NASDAQ:MEMP) that many readers are concerned with the potential tax ramifications of all the “creative measures” upstream master limited partnerships (“MLPs”) are implementing to try to remain solvent through the downturn in commodity prices. Latham & Watkins,…

Clive Palmer staves off Yabulu nickel refinery closure by removing administrator – Sydney Morning Herald

Clive Palmer’s nickel refinery outside Townsville. Photo: Glenn Hunt Clive Palmer has retaken control of his troubled Yabulu nickel refinery sidelining the administrator after disclosing conditional funding had been arranged to avoid its closure. On Monday the business obtained $23 million which has been secured against assets in other parts of the Palmer empire, which are believed to include personal assets. The voluntary…