617 423-0400The Corporate Transparency Act (“CTA”) will become effective on January 1, 2024, and you should be prepared for the new federal reporting requirements, which carry strong penalties for failure to comply. The CTA requires “Reporting Companies” to file informational reports with the Financial Crimes Enforcement Network (“FinCEN”) disclosing information related to the company and its […]
News & Resources
Recent decisions have cast light on the dispute over the proper treatment of claims of taxing authorities arising in a “straddle” tax year, which begins before the bankruptcy filing date and ends after it. Because of the ambiguities of the drafting in revised § 507(a)(8) of the Bankruptcy Code, a tax claim arising in a […]
A familiar scenario: After an intensive mediation, the parties draft a term sheet intended to be binding and to replace their existing contract which included an arbitration clause. A formal settlement agreement cannot be reached, however, and the parties disagree on the legal effect of the term sheet. What now? Is the dispute for the […]
This article addresses some recent developments highlighting potential risks and pitfalls for directors and officers of a corporation if good corporate governance is not followed. Under the internal affairs doctrine, corporate governance is determined by the law of the state in which a company is incorporated regardless of its principal place of business or the […]
