against inversions and, if so, whether it should take such a step. Not surprisingly, the panelists disagreed. Three Harvard law professor Steve Shay, TPCs Steve Rosenthal , and NYU law professor Sally Katzen suggested Treasury does have broad power to act. There is no doubt, said Shay. Of cours
Even Steve Shay, who has been an outspoken advocate of Treasury action, acknowledged that regulations could only limitbut not stopinversions. Some deals would still go forward, he said, to the extent they are good business deals.
