$23.16 Million: use it or lose it! Over the next five years we will see major changes in the estate tax climate. Under the Tax Cuts and Jobs Act, Congress doubled the amount which could be passed estate tax-free from $5 million, adjusted for inflation, to $10 million, adjusted for inflation. However, what many don’t […]
QUESTION ONE – When representing a client with significant business activities in foreign jurisdictions, what are some key risk-related concerns that arise in a cross-border context and how can a parent company minimise such risk? The key risk-related concerns in international transactions, particularly M&A transactions, most often involve legal issues surrounding intellectual property, employees and […]
Over the next five years we will see major changes in the estate tax climate. Under the Tax Cuts and Jobs Act, Congress doubled the amount which could be passed estate tax-free from $5 million, adjusted for inflation, to $10 million, adjusted for inflation. However, what many don’t recognize is that this adjustment is not […]
No law defines how far above real property a howeowner’s airspace rights extend; therefore, drone owners must be aware they risk civil and/or criminal trespass when they fly in residential areas. All drone owners must be aware of federal and local laws related to drone flight.[1] A drone owner should not only routinely monitor the Federal […]
Many companies look to grow their business through mergers or acquisitions of companies outside their own country and while this brings many opportunities it can also bring risks. But with […]
Read moreEffective Jan. 1, 2020, Cook County passed a revision to its housing ordinance called the Just Housing Amendment (JHO), which governs the use of background checks before the rental of residential units. This procedure has the potential to create liability for landlords (including condominium associations) who rent out units or who have programs that require […]
The right to setoff has existed since Roman times (then known as “compensatio”) and automatically existed between mutual obligors as a matter of common law. Historically, the object of the compensatio was to prevent unnecessary suits and payments by ascertaining to which party a balance was due. In current times, “setoff” is the term used for […]
A setoff acts as a self-help remedy for creditors, which can be accomplished outside of court and often allows creditors to collect a greater amount than obtained under bankruptcy proceedings. A setoff clause in a lender’s agreement is a powerful, yet often an underutilized collection tool of defense available to creditors, ensuring that a greater […]
In 2005, Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (2005 Act) in an effort to make bankruptcy reorganization of small businesses more effective. Recently, Congress recognized that the 2005 Act did not do enough and “…while most Chapter 11 cases are filed by small business debtors, they are often the […]
IR Global Member, Laurel Bellows will be speaking in Florida at three different locations. She will be speaking on the topic of Modern-Day Slavery. She is hoping to invite Florida members of IR Global to attend her speech or to meet for coffee while she is in Florida. Thursday, February 20th 10:30AM- First United Methodist […]
For companies eager to enter new markets, tapping into the global, digitised world is an exciting opportunity. With the latest predictions of cross-border deals set to increase five-fold to $130 […]
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