IHS Chemical Week
LEGAL

Koppers completes tax reorganization, delays plant construction

11:25 AM MST | January 14, 2015 | Vincent Valk

Koppers today announced it has completed a legal reorganization of its foreign subsidiaries, allowing it to repatriate cash at a lower effective tax rate. The company estimates cash tax savings of about $8.0 million/year from the reorganization, cutting its...


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Report: Sika majority owner files lawsuit to push through sale to Saint-Gobain

The Burkard-Schenker family, the largest shareholder of Sika (Baar, Switzerland), has filed a lawsuit with the cantonal court of Zug, Switzerland, to force an extraordinary shareholders' meeting aimed at pushing through the 2.75-billion Swiss franc...

Mittelstand: Germany's constitutional court declares inheritance tax partly 'unconstitutional'

Germany’s constitutional court, BVG (Karlsruhe) has declared in a ruling that the exemption rules in the inheritance tax code are in part unconstitutional and has given lawmakers a new deadline, 30 June 2016, to find a remedy. The BVG has, for the third...

Court approves Bondex restructuring plan

US Bankruptcy Court in Delaware has approved the restructuring plan for RPM subsidiary Bondex, a maker of pigments, metal coatings, cleaning products and a variety of construction chemicals. Bondex’s holding company, Specialty Products Holding Corp...

Momentive Specialty Chemicals to change name back to Hexion

Momentive Specialty Chemicals (MSC) announced today that it is rebranding itself Hexion, the company’s old name, effective 15 January 2015. The company was renamed Momentive Specialty Chemicals when it was merged with Momentive Performance Materials...

AkzoNobel says US subsidiary was target of $66-million "external fraud"

AkzoNobel says one of its US subsidiaries in Chicago was the target of “external fraud [that] involves an amount of up to €53 million ($66 million),” the company says.  AkzoNobel says that "at this stage the company is not...

European Commission investigates DuPont and Honeywell refrigerant collaboration

The European Commission has issued a statement of objections to Honeywell and DuPont, citing its preliminary view that joint cooperation entered into 2010 concerning the production of refrigerant R-1234yf, also known as HFO-1234yf, used in automotive air-conditioning systems may have breached European Union (EU) antitrust rules....

Court finds against DuPont in patent dispute with MacDermid

A US district court in New Jersey issued an opinion last week siding with MacDermid in a patent dispute over flexographic imaging plates. The dispute relates to thermal processing for flexographic imaging plates, which are used in packaging materials and...

Momentive Performance Materials moves closer to Chapter 11 exit

Silicones and quartz producer Momentive Performance Materials (MPM) says the US Bankruptcy Court for the Southern District of New York is likely to confirm the company’s reorganization plan once changes are made to the interest rate paid to bondholders...

DuPont files suit against SunEdison over solar-paste patent

DuPont has filed a patent infringement suit in US court in Delaware alleging that SunEdison has violated the company’s patent on using tellurium in front-side silver solar pastes. The suit also identifies Neo Solar Power (Hsinchu, Taiwan) and Fextronics...

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