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.
ISS and Glass Lewis Update Proxy Voting Guidelines for 2019
By Andrew Liazos, Eric Orsic, Gary Emmanuel, Hank Goldberg, Heidi J. Steele, Mark J. Mihanovic, Robert H. Cohen and Thomas P. Conaghan on Jan 3, 2019
Posted In Executive Compensation
Institutional Shareholder Services Inc. and Glass, Lewis & Co., LLC both recently issued their annual proxy voting guideline updates. As revised, these guidelines have important implications for companies preparing for the 2019 proxy season. Access the full article.
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What Employers Need to Know About 162(m)
By Andrew Liazos on Dec 27, 2018
Posted In Employee Benefits, Executive Compensation
Andrew Liazos presented on 162(m) deduction limitations and transition rules at NYU’s 77th Institute on Federal Taxation. Amongst other topics, he discussed key changes for employers under the 2017 Tax Cuts and Jobs Act, the guidance provided under Notice 2018-68 and the potential impact of such changes on incentive compensation practices. View the full presentation.
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Effective October 1 | What You Need to Know Now Changes to Massachusetts Noncompetition and Trade Secret Law
By Anthony A. Bongiorno, Andrew Liazos and Evan A. Belosa on Sep 25, 2018
Posted In Employee Benefits, Executive Compensation
Evan Belosa, Tony Bongiorno and Andrew Liazos summarize key changes and important issues associated with Massachusetts Noncompetition and Trade Secret Law and next steps to consider as the date of effectiveness approaches. The Massachusetts Noncompetition Agreement Act and Trade Secret Law will become effective October 1, 2018. View the full presentation.
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Webinar | Non-Compete Reform Comes to the Commonwealth
By Anthony A. Bongiorno, Andrew Liazos, Evan A. Belosa and Rachel B. Cowen on Sep 5, 2018
Posted In Employee Benefits, Employment, Executive Compensation
Join us on Thursday, September 6 at 1:00 PM EDT for a webinar designed to address questions around the Massachusetts Noncompetition Agreement Act (the Act), signed into law by Governor Baker on Friday, August 10. The Act, which takes effect on October 1, requires all employers doing business in Massachusetts to change the way they...
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IRS Issues Long-Awaited Initial Guidance under Section 162(m)
By Andrew Liazos, Joseph K. Urwitz, McDermott Will & Emery and William R. Pomierski on Aug 23, 2018
Posted In Employee Benefits, Executive Compensation
On August 21, 2018, the IRS issued guidance regarding recent statutory changes made to Section 162(m) of the Internal Revenue Code. Overall, Notice 2018-68 strictly interprets the Section 162(m) grandfathering rule under the Tax Cuts and Jobs Act. Public companies and other issuers subject to these deduction limitations will want to closely consider this guidance...
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New Restrictions on Using Non-Competes in Massachusetts – What You Need to Know
By Anthony A. Bongiorno, Andrew Liazos, Evan A. Belosa and Rachel B. Cowen on Aug 14, 2018
Posted In Employment, Executive Compensation
The Massachusetts legislature’s recent approval of a comprehensive non-competition reform bill includes significant restrictions for employers seeking to impose non-compete obligations on Massachusetts workers. The Massachusetts Noncompetition Agreement Act will become effective on October 1, 2018, leaving little time for employers to consider what actions to take to protect their business interests. Access the full...
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Universal Health Bill Faces Steep Obstacles in New York
By Andrew Liazos on Aug 7, 2018
Posted In Employee Benefits, Health and Welfare Plans
While momentum may be building for a single-payer health care system in New York, such a dramatic shift in the way health care is financed will have to overcome a number of significant obstacles. With ERISA preemption being one of those hurdles, Andrew Liazos comments, “There will be a challenge from somewhere. I don’t know...
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Exec Retirement Vehicle Seen as a Potential Gamble for Employers
By Andrew Liazos on Jul 19, 2018
Posted In Employee Benefits, Executive Compensation, Retirement Plans
Andrew Liazos said that it makes sense for companies to consider Q-SERPs in response to the end of the performance-based pay deduction, but he questioned whether the plans would offer much “bang for your buck.” “You first have to deal with the obvious time and effort you have to spend to show it’s not discriminatory,...
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Tax Takes Video | Impacts on 162(m)
By Andrew Liazos and David Fuller on Jun 5, 2018
Posted In Employee Benefits, Executive Compensation
Andrew Liazos and David Fuller identify the three main areas to focus on in light of 162(m) and discuss traps for the unwary.
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Tax Reform Surprises and Strategies with the New 162(m) Rules
By Andrew Liazos and Diane Morgenthaler on Feb 27, 2018
Posted In Employee Benefits, Executive Compensation
Section 162(m) of the Internal Revenue Code (Code) previously limited the tax deduction to $1M annually for covered employee compensation paid by a company that is publicly traded, subject to some important exceptions. The Tax Cuts and Jobs Act modified the reach of Code Section 162(m) in several significant ways. Expanding the number of companies to...
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