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Clients Told to Rethink Taking IRS Amnesty Offer on Unreported Offshore Bank Accounts
With the IRS baring its teeth at anyone with an unreported offshore bank account, the rule of thumb was to submit to the agency's compliance program to avoid fines or prosecution. But after the amnesty program's expiration, tax litigators are not as ready to suggest their clients throw themselves under the IRS bus. Some are even opting out of the program that was so successful in the aftermath of the UBS investigation last year, which resulted in a $780 million fine for the bank and the revealing of American tax dodgers.The Scouts' Motto Applies to Businesses: Be Prepared
After years of hurricans, terrorist attacks andn power failures, are general counsel and their companies now any better prepared to handle emergencies, whatever their nature? Here are seven steps for GCs to follow and a legal primer to keep in mind.Firms Cash In On Nuke Fuel Fiasco
The federal government's failure to collect and store the radioactive waste has spawned a slew of litigation against it, with potentially massive liability. And the number could go much higher because as the waste piles up, the damages pile up along with it.Daily Decision Alert: Vol. 7, No. 85 -- May 4, 1999
Despite Montco Jail Expansion, Focus on Overcrowding Continues
Even as Montgomery County leaders dedicated an expansion on the county correctional facility last week, court leaders said that they will keep in place court programs that were established at least in part because of prison overcrowding.The Court That Came in From the Cold
When Deutsche Telekom AG wooed Telecom Italia S.p.A. in 1999, France Telecom dropped out of its Italian joint venture with Deutsche T., and filed arbitration claims valued at up to 19 billion euros. Then Deutsche T. filed a massive counterclaim. To resolve the dispute, arbitrators from Denmark, Belgium, France, Italy, and Sweden applied the laws of Germany, France, Italy, Belgium, Switzerland, and the European Community. But the lead lawyers were American.Pennsylvania Supreme Court OKs Stadium Bidding Process
A Pennsylvania Supreme Court decision last week should allow the construction of stadiums for Philadelphia's Eagles and Phillies sports teams to continue as planned. While the decision arose from a dispute over whether the bidding process for a Pittsburgh stadium's construction was illegal, the ruling directly affects the bidding process for the building of Philadelphia's stadiums as well.Trending Stories
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2024 Trends Report Mid-Year Special Edition: Update on Outside Counsel Billing Rates
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