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DLA Piper LLP (US)

1251 AVENUE OF THE AMERICAS, NEW YORK, NY 10020-1104, USA
Tel:
Work +1 212 335 4500
Fax:
Fax +1 212 335 4501
Web:
www.dlapiper.com

Gerald Rokoff

Tel:
Work +1 212 335 4535
Email:
DLA Piper LLP (US)

Work Department

Tax

Position

Partner and Co-Chair DLA Piper's US Transactional Tax Practice

Career

Working closely with the firm’s Insurance practice, Gerald advises insurance companies on the tax considerations in a wide range of insurance related transactions including reserve financing transactions (employing alternate structuring techniques), captive insurance arrangements, formation of funds making predominantly insurance-linked investments, structuring catastrophe bonds and event-linked derivatives, side-car investments, segregated cell investments and other equity investments with an insurance component. Gerald also advises public and private insurance companies operating in both the life and property and casualty sectors in structuring mergers and acquisitions, financings and restructurings in a tax-efficient manner. In addition, he works with private equity funds and regulated investment companies that are active in the insurance sector and regularly advise them on their investments and ongoing operations. 

Gerald has significant experience advising clients on all aspects of avoiding the creation of a taxable presence in the United States, mitigation of effectively connected income, utilization of tax treaties and favorable law to eliminate incidences of the federal excise tax on insurance premiums, and compliance with withholding and reporting obligations under FATCA. In addition, he regularly advises clients on the specialized rules applicable to insurance companies under the controlled foreign corporation and passive foreign investment company regimes, and how to take advantage of statutory safe-harbors under these two regimes.

Member

New York State Bar Association; International Fiscal Association

Education

JD, Yale Law School; BA, State University of New York at Stony Brook


United States: Industry focus

Insurance: non-contentious

Within: Insurance: non-contentious

DLA Piper LLP (US) handles a range of complex transactions, including capital markets, joint ventures and M&A, and regulatory mandates in the insurance space. It is noted for its experience in advising insurance companies and those entering the insurance market on all aspects of capital investment and digital strategy. David Luce advised Swiss Re, as initial purchaser, in a $175m catastrophe bond offering sponsored by Security First Insurance Company, and advised Primerica in a $3.4bn disposition, by way of a highly structured, fully collateralized bulk reinsurance transaction, which transferred Primerica’s pre-IPO back book of insurance policies from Citi to Swiss Re. Global head of insurance transactions and regulation William Marcoux advised Blackstone on the formation of, and initial $600m capital raise for, Harrington Re, a joint venture between Blackstone and Axis Capital. Global chair of insurance and reinsurance Michael Murphy, tax expert Gerald Rokoff, Paul Chen in San Francisco, and of counsel Carl Poedtke in Chicago are key contacts. Former deputy general counsel at AIG Nicholas Kourides joined the team in 2017 as senior counsel. Named attorneys are based in New York unless otherwise stated.

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United States: Tax

US taxes: non-contentious

Within: US taxes: non-contentious

DLA Piper LLP (US)’s team mainly advises on M&A transactions for public companies and technology start-ups, but also assists with leverage buyouts in the private fund space and with tax compliance matters for growing companies. Recent matters include New York partners Gerald Rokoff and Drew Young advising Tilman J. Fertitta on his $2.2bn acquisition of the Houston Rockets NBA franchise. Other highlights included Silicon Valley-based Stacy Paz assisting Wind Point Partners with multiple transactions, such as its sale of Novolex to Carlyle Group. New York-based Frank Mugabi advised LLR Partners on various M&A matters, including its stock purchase of Codiscope for $10m. REIT and income taxation specialist Robert LeDuc in Minneapolis is recommended.

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Legal Developments by:
DLA Piper LLP (US)

  • Sentencing guidelines for corporate manslaughter

    In February 2010 the Sentencing Guidelines Council (the SGC) issued definitive guidelines to courts on imposing appropriate sentences for corporate manslaughter and health and safety offences causing death. The SGC states that fines imposed on companies found guilty of corporate manslaughter should not fall below £500,000, while fines in respect of health and safety offences that are a significant cause of death should be at least £100,000. Crucially, the SGC declined to provide for a fixed link between the imposed fine and the turnover or profitability of the offending company.

    - DLA Piper UK LLP

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