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New York Law Journal

IRS Requires Reporting of Tax Basis Capital Accounts

In their Real Estate Financing column, Ezra Dyckman and Charles Nelson discuss the new 2020 partnership tax basis capital account reporting requirements which "give the IRS much more visibility into the tax situations of partners in partnerships."
5 minute read

Law.com

How I Made Partner: 'My Unconventional Path to Partnership Spanned Two Continents,' Says Anna Tang of Nossaman

"Making partner is a difficult path that takes dedication, persistence and, to a certain extent, having someone to help open that door for you; it is even harder if no one knows that is what you really want."
6 minute read

Corporate Counsel

In the Hot Seat: Tips for Corporate Executives Testifying Before Congress

A poor performance can be devastating to a company's business, its public image, and the credibility of its top executives.
9 minute read

New York Law Journal

'Management Fee' Deductions Disallowed: 'Aspro v. Commissioner'

In this edition of their Taxation column, David E. Kahen and Elliot Pisem discuss a recent Tax Court decision disallowing deductions for purported management fees paid by a closely held corporation to its shareholders, in which the court concluded that the payments were disguised dividends and that the petitioner failed to establish that the payments were reasonable in relation to services rendered.
8 minute read

New York Law Journal

March to the Beat of Your Own Drummer: Amazon's Executive Compensation Practices

Assisted by the effects of the global pandemic, Amazon's sales of $386 billion represented a 38% increase from 2019 and its net income of $21.3 billion amounted to a whopping 84% increase from 2019. What an opportune time for Jeff Bezos to announce an executive transition! In this Executive Compensation article, Howard Berkower traces Amazon's spectacular long-term success and examines its unique executive compensation practices.
12 minute read

Corporate Counsel

Wine Tastings? Museum Admissions? Legal Departments Chase Down Guidance on Vaccination Passports

Some companies are eager to welcome clients or the general public back to in-person events, but many are still unsure whether or not they can require attendees to be vaccinated. The question may only grow more complicated as different states take divergent approaches.
4 minute read

Delaware Business Court Insider

Chancery Enforces Rule 15(aaa) in Its Fight Against Serial Amendments to Pleadings

To amend, or not to amend? That may not be "the question" posed in William Shakespeare's "Hamlet," but it is "the question" a plaintiff should ask itself upon receiving, and before responding to, a motion from the defendant to dismiss a complaint.
11 minute read

The Legal Intelligencer

COVID's One-Year Anniversary—Lessons Learned and the Future of Work

Corporate counsel, human resource professionals, and attorneys, like me, serving as outside employment counsel, were often stretched to the limits.
7 minute read

The Legal Intelligencer

ESG Work Takes Off at Big Law Firms, as Clients Navigate Disclosure Requirements

ESG "has been driven into the mainstream both by the regulatory and government side, but also the pandemic accelerated interest in this," Stacy Louizos, co-lead of Blank Rome's ESG team, said.
6 minute read

Corporate Counsel

Converting Strategic Goals into Meaningful and Measurable Actions

It's not so important to complete a project; it's important for projects and actions to make a difference. The methodology here provides a framework for showing actual impact, and in so doing, demonstrate legal's value.
6 minute read

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