On June 5, 2017, the Supreme Court ruled unanimously in Advocate Health Care Network v. Stapleton that pension plans maintained by certain church-affiliated entities are exempt from ERISA regardless of whether they were originally established by a church. This case coming out of the Seventh Circuit, was addressed together with Saint Peter’s Healthcare System v. […]
Robert M. Fishman will be speaking at the 2017 American Bankruptcy Institute’s Central States Bankruptcy Conference on June 10, 2017 in Traverse City, Michigan on the topic of Fraudulent Transfers and Pre-Bankruptcy Planning.
Times are changing and we are changing with them. Thus everyone’s needs and necessities are changing too. Some needs arise from the opportunities and responsibilities resulting from a new phase in life. Others, in turn, are the consequences of requirements imposed by a changing environment. Certain necessities manifest themselves at short notice with the emergence […]
This is the third instalment in a series on the US cross-border insolvency statute, Chapter 15 of theBankruptcy Code, which took effect 11 years ago (for further details please see “Chapter 15 at 11:Bankruptcy Code’s cross-border insolvency law approaches 11th anniversary” and “Chapter 15 at 11:Chapter 15 provides provisional relief in Hanjin Shipping”). IntroductionThe previous […]
In Revenue Procedure 2016-37, the IRS formally announced the elimination, effective January 1, 2017, of the five-year remedial amendment cycle system for individually designed, qualified retirement plans.[1] The IRS further announced that it would publish each year a Required Amendments List (“RA List”) and provide an Operational Compliance List (“OC List”) in place of the […]
Gabriele Hucklenbruch recently honored with the Award “Hidden Champion Contract Law 2016-2017”. The award is the result of a study that was initiated by the German Federal Association of In-House Lawyers, the voice of German in-house lawyers, the name of which is “Kanzleimonitor” (which can be translated monitor of law offices). The study “Kanzleimonitor” is […]
On November 1, 2016, the Internal Revenue Service (“IRS”) issued Notice 2016-66, identifying certain transactions relating to “micro-captive” insurance companies as “transactions of interest.” This designation brings covered captive insurance companies into a Federal reporting regime requiring participants in such transactions, as well as their advisors, to meet certain one-time and annual filing obligations. Participants […]
Law360, London (January 20, 2017, 7:41 PM GMT) — Britain’s banking and legal communities are already looking beyond the U.K.’s Supreme Court decision, due Tuesday, on whether the government can bypass Parliament when triggering the formal process for leaving the European Union, a move that would throw four decades of shared laws and regulation into […]
On January 31, 2017, the Internal Revenue Service (IRS) launched its first wave of compliance “campaigns.” A campaign is an issue-based compliance process centering on focused examinations, staffed with IRS experts on the targeted subject matter. The 13 identified campaigns (click here to access more information) cover a broad range of topics, including TEFRA partnerships, […]
On January 31, 2017, the Internal Revenue Service (IRS) launched its first wave of compliance “campaigns.” A campaign is an issue-based compliance process centering on focused examinations, staffed with IRS experts on the targeted subject matter. The 13 identified campaigns (click here to access more information) cover a broad range of topics, including TEFRA partnerships, […]
This past weekend, President Donald Trump signed an Executive Order requiring all new appointees in his Administration to sign an ethics pledge that contains special “revolving door” and gift restrictions. Although Mr. Trump also formally rescinded an ethics order issued in the early days of the Obama presidency, this new Executive Order carries over some […]
In Revenue Procedure 2016-37, the IRS formally announced the elimination, effective January 1, 2017, of the five-year remedial amendment cycle system for individually designed, qualified retirement plans.[1] The IRS further announced that it would publish each year a Required Amendments List (“RA List”) and an Operational Compliance List (“OC List”) in place of the Cumulative […]