Department of Treasury October 25, 2007 – Federal Register Recent Federal Regulation Documents

The Treasury Department's Office of Foreign Assets Control (``OFAC'') is publishing the names of eleven newly-designated individuals whose property and interests in property are blocked pursuant to Executive Order 13310 of July 28, 2003, ``Blocking Property of the Government of Burma and Prohibiting Certain Transactions.''

The Treasury Department's Office of Foreign Assets Control (``OFAC'') is publishing the names of two newly designated individuals and five newly designated entities whose property and interests in property are blocked pursuant to Executive Order 13224 of September 23, 2001, ``Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten To Commit, or Support Terrorism.''

This document contains final regulations that provide guidance regarding the effect of certain transfers of assets or stock on the continuing qualification of transactions as reorganizations under section 368(a). This document also contains final regulations that provide guidance on the continuity of business enterprise requirement and the definitions of ``qualified group'' and ``party to a reorganization.'' These regulations affect corporations and their shareholders.