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New York Law Journal

IRS Targets Related-Party Basis Shifting

On June 17, 2024, the IRS released Notice 2024-54, which states that the IRS and the Treasury Department intend to issue proposed regulations relating to partnership basis adjustments resulting from transactions between related parties. The proposed regulations would introduce massive additional complexity to an area of the tax law that is already complicated.
6 minute read

Corporate Counsel

Trailblazer at International Monetary Fund Handing Over Legal Reins After 27 Years With Agency

Liberian native Rhoda Weeks-Brown said she had lived her dream "of working for an organization with a mission that could change the world for the better."
4 minute read

International Edition

Dutch Watchdog Hits Uber With €290M GDPR Fine

The €290 million fine is the sixth-largest privacy fine given to a company to date.
2 minute read

New York Law Journal

Antitrust Criminal Update: Adventures in Cartel Enforcement

"While many of the DOJ's recent cartel prosecutions have faltered, the July verdict in 'Evans Concrete' could signal a shift in the DOJ's fortunes," write Karen Hoffman Lent and Kenneth Schwartz.
8 minute read

New York Law Journal

AG Guidance Highlights the Dangers of Website Tracking

Paul Greene, partner at Harter Secrest & Emery, discusses the risks inherent in website tracking, including use of tracking pixels, cookies, and other tracking tools, viewed against the backdrop of recent regulatory developments, including the new NYAG guidance.
8 minute read

Litigation Daily

Expect Some Heated Litigation Over Workplace Temperature Regulations

Jason Mills of Morgan Lewis anticipates that proposed rules to protect workers from the heat will generate strong opposition and legal challenges to them might end up before the U.S. Supreme Court.
9 minute read

International Edition

'Firms Fear the PR Hit, Not the Sanction': Big Law on Edge After Simpson Thacher AML Prosecution

The London office of another prestigious New York-headquartered law firm has expressed concern over the news this week that Simpson Thacher will face a U.K. tribunal for alleged AML shortcomings.
5 minute read

National Law Journal

Federal, State Antitrust Collaboration Reaches 'Historic Level,' Colorado's Attorney General Says

"Our economy is so concentrated, competition has lessened, consumers are frustrated," said Phil Weiser. "The AGs are responding."
4 minute read

New York Law Journal

Federal Judge Maintains NY's Partial Jury Verdict Against Makers of Prevagen

U.S. District Judge Louis L. Stanton upheld a jury verdict that had found that Quincy Bioscience, the maker of Prevagen, a dietary supplement claiming to improve memory loss, had the capacity or tendency to deceive under New York law.
3 minute read

New York Law Journal

Amending New York's Franchise Law to Promote Franchise Growth

"New York businesses, and those who would like to do business in New York, should not have to conduct themselves under the cloud and uncertainty of New York's NYFSA," write Marc A. Lieberstein, David T. Azrin and Thomas M. Pitegoff.
6 minute read

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