February 23, 2021 | New York Law Journal
Realty Law DigestScott Mollen, a partner at Herrick, Feinstein, discusses "Omega SA v. 375 Canal LLC," where the landlord was hit with a $1.1 million statutory damage award based on on the building's connection with counterfeiting and trademark violations.
By Scott E. Mollen
14 minute read
February 23, 2021 | New York Law Journal
Holding the Line on the Foreign Corrupt Practices ActIn their Second Circuit Review, Martin Flumenbaum and Brad Karp discuss the court's ruling in 'United States v. Ho', which "silenced post-'Hoskins' speculation that the Second Circuit would continue to narrow the scope of FCPA liability."
By Martin Flumenbaum and Brad S. Karp
7 minute read
February 23, 2021 | New York Law Journal
Treasury Issues Final Regulations on Carried InterestOn July 31, 2020, Treasury released proposed regulations under Section 1061, and on January 7, 2021, Treasury finalized these regulations. The final regulations largely adopt the proposed regulations, but with some important modifications that are largely favorable to taxpayers.
By Ezra Dyckman and Charles S. Nelson
6 minute read
February 23, 2021 | New York Law Journal
A Divided Bench Revealed in Top Court's Commercial CasesIn the last year or so, the Court of Appeals has issued five decisions in commercial cases by a 4-3 vote. In reviewing the identity of the judges on each side in the five cases, trends can be identified.
By Evan H. Krinick and Henry M. Mascia
8 minute read
February 22, 2021 | New York Law Journal
Top 10 Global Developments in Business and Human Rights in 2020A decades-long trend of increased legal attention to business and human rights globally continued in 2020, albeit with mixed and incomplete results.
By Doug Cassel and Viren Mascarenhas
6 minute read
February 18, 2021 | New York Law Journal
Trial by CombatAuthors Joel Brandes and Chris McDonough pose the question whether Rudy Giuliani should be disciplined for his conduct relating to the Jan. 6 attack on the Capital and also his participation in frivolous lawsuits.
By Joel R. Brandes and Chris McDonough
10 minute read
February 17, 2021 | New York Law Journal
Should I Stay … Or Should I Go? Understanding Residency RulesThe actual process of ascertaining an individual's intentions regarding domicile—the crucial question in a residency audit—is a subjective inquiry for the auditor and often a difficult one.
By Alvan Bobrow
12 minute read
February 16, 2021 | New York Law Journal
Realty Law DigestScott E. Mollen, a partner at Herrick, Feinstein, discusses "Downtown New Yorkers Inc. v. NYC," where a petition to block New York City from Relocating homeless people from the Lucerne Hotel to the Radisson Hotel was dismissed, and "Ellis v. Town of E. Hampton," where adverse possession against government-owned land was denied.
By Scott E. Mollen
16 minute read
February 16, 2021 | New York Law Journal
Expanding the Effect of §220 Stockholder DemandsIn December, the Delaware Supreme Court issued an opinion in 'Amerisourcebergen Corp. v. Lebanon Cnty. Emps.' Ret. Fund'. In their Securities and Corporate Litigation column, Margaret A. Dale and Mark D. Harris discuss the decision, which continues the trend of granting broad inspection rights to stockholders seeking materials pursuant to §220 of the Delaware General Corporation Law and likely will affect companies responding to broad stockholder books-and-records demands.
By Margaret A. Dale and Mark D. Harris
7 minute read
February 16, 2021 | New York Law Journal
An Unsettling Decision for Liquidated Damages in Settlement AgreementsAdam Leitman Bailey and Dov Treiman discuss the Court of Appeals decision "Trustees of Columbia v. D'Agostino," where the court handed down a 4-3 decision with a new interpretation of the law of liquidated damages with regard to surrender agreements. The case, they contend, "rewrites the rules of when a tenant simply gives up on the space."
By Adam Leitman Bailey and Dov Treiman
12 minute read
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