Dechert LLP

As part of New York State’s 2026 to 2027 budget legislation, the state legislature has enacted a new annual surcharge — dubbed the pied-à-terre tax — on residential property located in New York City that does not serve as a primary residence. The surcharge, which goes into effect on July 1, 2026, and is set to expire on June 30, 2031, targets owners of high-value pied-à-terre properties, i.e., second homes, in New York City.

Dechert LLP partner Christina Sarchio has been recognized by Forbes in its inaugural “America’s Top Women Lawyers” list for 2026, which celebrates the top 200 female attorneys across the United States who serve as trusted counsel, industry leaders and trailblazers in their fields, with reputations built on excellence, influence and commitment to service.

Wilfred T. Beaye, Jr., a counsel in Dechert's Securities and Complex Commercial Litigation Group, has been named to the Philadelphia Business Journal's 2026 “40 Under 40” list, which recognizes 40 rising leaders across the greater Philadelphia business community who have made a significant impact before turning 40.

Governor Newsom’s Response to AI California has been on a deliberate and accelerating trajectory on AI governance since September 2023, when Gov. Newsom issued Executive Order N-12-23 directing the State to safely innovate with AI while identifying potential risks to individuals, communities and state workers. In 2025, a group of world-leading AI researchers convened at Gov.

Dechert LLP announced today that Josh Strathman has rejoined as a partner in the firm's global finance practice, where he will focus on residential mortgage-backed securities, asset-backed lending and a range of esoteric asset classes. Additionally, Mr. Strathman’s arrival broadens the firm's coverage across rated feeders, fund finance and corporate finance. He will be based in Dechert's Los Angeles office.

Dechert LLP announced today that Andy Sagor has joined the firm as a partner in its global finance practice, based in New York. His arrival deepens the firm's leveraged finance capabilities and strengthens its ability to serve clients across its private equity and mergers and acquisitions platforms.

Dechert LLP announced today that Andy Sagor has joined the firm as a partner in its global finance practice, based in New York. His arrival deepens the firm's leveraged finance capabilities and strengthens its ability to serve clients across its private equity and mergers and acquisitions platforms.

On May 29, 2026, the U.S. Department of the Treasury (Treasury Department) and the Internal Revenue Service (IRS) issued proposed Treasury Regulations (CC-00349656-26; RIN 1545-BR10) that partially withdraw the applicability date provisions of the Debt Acquisition Rule (as defined below) and the Effective Control Rule (as defined below) from the December 12, 2025 proposed Treasury Regulations.

Following publication in the Official Journal of the Grand Duchy of Luxembourg on June 1, 2026, the Luxembourg law, adopted on April 28, 2026 and amending the Law of August 10, 1915 on commercial companies (as amended) with a view to introducing a deferral of the payment of the minimum share capital for private limited liability companies (the Law), came into force on June 2, 2026.

Dechert LLP pro bono chair Suzanne Turner has been named “International Pro Bono Leader of the Year” by the Legal Benchmarking Group at its Women in Business Law Americas Awards 2026. The awards provide a platform to showcase the most trailblazing, innovative and influential lawyers and law firms across all of the Americas.