On 5 April 2016, the Dutch parliament has approved two legislative proposals that target bankruptcy fraud in the Netherlands. Wet civielrechtelijk bestuursverbod (Act that bans fraudsters to be on the board of a company) The first proposal that has been adopted is the so-called Wet civielrechtelijk bestuursverbod. In the event that a director of […]
The Deal Pipeline spoke with Caplin & Drysdale’s Jeffrey A. Liesemer concerning jurisdictional clashes between bankruptcy courts, federal district courts, and federal agencies. Mr. Liesemer’s comments relate to Tribune Publishing’s efforts to acquire bankrupt Freedom Communications. The bankruptcy court in Freedom’s case approved Tribune’s bid, but a district court issued a temporary restraining order halting the transaction at the urging […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Christa Nicholson of Jensen Shawa Solomon Duguid Hawkes LLP. Christa has joined IR as our exclusive Insolvency member in Canada West. JSS Barristers acts for substantial corporate entities as well as individuals, but takes pride in its advocacy on behalf of each […]
For the full CEELM article please click on the link below. Link to ODI article
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Rebecca DeMarbof Sweet DeMarb LLC. Rebecca has joined IR as our exclusive Insolvency member in US-Wisconsin. The lawyers and staff of Sweet DeMarb LLC find solutions for businesses and individuals facing financial hardship and other personal hardships. Rebecca represents businesses and other […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Ellen Friedman of Friedman & Springwater LLP. Ellen has joined IR as our exclusive Insolvency Member in California. Ellen A. Friedman practices in the areas of commercial transactions, bankruptcy and insolvency.Ellen has extensive experience representing both debtors and creditors. She has […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce James L. Patton, Jr. of Young Conaway Stargatt & Taylor LLP. James has joined IR as our exclusive Insolvency Member in the US – Delaware. As Chairman of Young Conaway Stargatt & Taylor, LLP and a partner in the Bankruptcy and Corporate […]
Introduction In EM Ltd v Banco Cent De La Republica Argentina (800 F 3d 78 (2d Cir 2015)(1), ), the US Court of Appeals for the Second Circuit refused to allow individual bondholder plaintiffs that had opted out of a class action to enforce judgments for $2.4 billion against Argentina by collecting against funds held […]
In late February 2016, the Justice Department filed an action in federal court to compel UBS’s branch in Miami to produce bank records of a Singapore account purportedly owned by a taxpayer who lives in China and is under IRS audit. With a tactic not used in several years, this heralds the opening of a […]
Late last year, Congress completely overhauled the rules by which the Internal Revenue Service (“IRS”) examines partnerships and limited liability companies (“LLC”) (please see our client alert dated December 10, 2015). With the stroke of a pen, Congress repealed over three decades of the Tax Equity and Fiscal Responsibility Act of 1982 (“TEFRA”) rules relating […]
In In re Caesars Entertainment Operating Co v BOKF, NA(1) the US Court of Appeals for the SeventhCircuit reviewed a bankruptcy court’s denial of a trustee’s motion for a temporary injunction stayinglitigation between non-debtors. FactsThe plaintiffs were banks that had loaned large sums to the debtor (CEOC) with the guaranty of itsparent (CEC). They sued […]
IRS Criminal Investigation is the most criticalcomponent in maintaining the relatively high U.S.tax compliance rate, the envy of the world and alinchpin of our democratic system. The superbfinancial investigative abilities of its special agentsare an important national security asset when thoseskills are in demand for other important needs,including terrorist financing matters. Yet the congressionalsqueeze on […]