Arbitrage & Arbitrage Rebate

With an administrative, regulatory and legislative practice unmatched by any other firm, our attorneys develop creative solutions while steering clear of the obstacles.

Our approach

Our team advises on tax compliance and other issues that arise after a transaction closes.

We set up compliance procedures and address non-compliance situations, such as analyzing and implementing remedial actions following a change in use, obtaining IRS closing agreements under the voluntary closing agreement program and reviewing management contracts and other agreements to determine if they result in any private business use.

Our five tax attorneys who function exclusively as “Section 103” lawyers literally wrote many of the industry rules and regulations while working for both the IRS and Treasury.

Having obtained numerous favorable private letter rulings from the IRS, our group successfully represents associations as well as individual issuer clients, helping in situations where current law and regulations are problematic.

Nixon Peabody has teamed with Omnicap Group LLC, to provide comprehensive arbitrage rebate compliance services to municipal issuers and conduit borrowers. Together we offer clients timely, accurate reports on arbitrage rebate liabilities and opinions on compliance with Internal Revenue Code and regulations. And if required, we provide completed IRS forms to accompany their payment.

Who we work with

  • State and local governments
  • Underwriters
  • Private placement agents
  • Bond insurers
  • Banks
  • Corporate and nonprofit obligors
  • Named by by U.S. New/Best Lawyers 2021 as ‘Law Firm of the Year’ for Public Finance Law
  • Recognized by U.S. New/Best Lawyers 2020 as a National Tier 1 leader for Public Finance Law
  • Recognized by U.S. News/Best Lawyers 2020 as a Metro Tier 1 leader for Public Finance Law in Chicago, Los Angeles, Rochester, and Washington, DC
  • Recognized by U.S. News/Best Lawyers 2019 as a National Tier 1 leader for Public Finance Law
  • Consistently ranked Top 10 in bond counsel, underwriter’s counsel, disclosure counsel, and special tax counsel by Thomson Reuters
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