Our tax attorneys regularly advise clients on the tax aspects of corporate reorganizations, acquisitions, spin-offs and other dispositions, joint ventures, financings, and restructurings. These transactions frequently involve large multinational businesses and raise complex domestic and multinational tax issues. Tax considerations often determine the form and the viability of contemplated transactions. In current distressed market conditions, our tax group, working together with our corporate and restructuring and finance groups, frequently is called upon to participate in the restructuring of existing financial arrangements, including those arising out of private equity and other leveraged transactions. Our tax group also is involved in creating new financial products and in innovative real estate transactions and is considered preeminent in all of the areas in which it is involved. Members of our tax group regularly publish and lecture on emerging tax issues, and actively participate in the work of tax policy groups, such as the Tax Section of the New York State Bar Association and the International Fiscal Association.