Paul Hastings Boosts Global Tax Practice With Addition of Leading Tax Team

September 16, 2008

Washington, D.C. (September 16, 2008) Paul, Hastings, Janofsky & Walker LLP, a leading international law firm, announced today that Robert Culbertson, Michael Caballero and Kurt Baca have joined the firms Global Tax Practice, in the Washington, D.C. office. The team has extensive international tax planning, controversy resolution, and government experience, and will significantly enhance the firms capabilities in international taxation.

"The Paul Hastings Global Tax Practice expects continued growth and opportunity in the international tax market, said Douglas Schaaf, Global Chair of the firms tax practice. "Robert, Michael, and Kurt have worked on cutting-edge transactions in the international and financial services areas. In addition, they bring impressive government experience that will help us serve the expanding international tax needs of our Global Tax Practice."

Robert Culbertson

Mr. Culbertson advises U.S. and foreign based multinationals on structural and transactional tax planning matters, as well as representing companies before the IRS and Treasury. His clients include globally prominent industrial firms, high-tech companies, and financial institutions.

Mr. Culbertson is widely recognized as a leader in the corporate tax community and has held senior positions in the government sector. From 1991-1995, he served as Associate Chief Counsel (International) at the Internal Revenue Service. There, he supervised a staff of 80 lawyers, and participated in the historic revision of the U.S. transfer pricing regulations, the parallel development of new OECD guidelines, and the development of regulations and rulings relating to foreign tax credits, subpart F rules, outbound transfers, conduits, and other international tax issues.

Michael Caballero

Mr. Caballero is considered a rising star within the tax profession and advises clients on international tax issues both in cross-border transactions and internal tax planning. He also has significant government experience having spent almost six years at the U.S. Treasury Department, first as an Attorney-Advisor and then as Associate International Tax Counsel in the Office of Tax Policy. While with the Treasury, he was involved in legislation and the development of income tax regulations and other forms of administrative guidance concerning a wide range of international business tax issues, including cross-border mergers and acquisitions.

Kurt Baca

Mr. Bacas practice is focused on the federal income taxation of domestic and international financing transactions and financial instruments, including issues arising from investment and trading programs involving foreign currencies, debt instruments, equities, derivatives and other financial instruments. He has substantial experience advising investment banks and Fortune 100 companies in structuring and implementing such finance and investment transactions, including the issues of corporate and partnership taxation that relate to those transactions, and has also represented issuers and underwriters in high profile capital market transactions.

Paul, Hastings, Janofsky & Walker, LLP is one of the world's leading law firms, with more than 1,200 lawyers in 18 international offices. Our practice breadth enables us to deliver innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.