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A&FP warmly welcomes back PwC Tax Partner and U.S. Law Firm Tax Services Leader Joseph A. Bailey, Jr. for a new tour of duty on our Board of Editors. Coauthor of the leading textbook Law Firm Accounting and Financial Management, published by Law Journals Seminars-Press, Joe also heads the New York area Law Firm Tax Services group and is the lead national tax resource for the Law Firm Tax Services initiative of Pricewaterhouse Coopers LLP.
Joe coauthored this edition's page 1 article on tax savings for leasehold improvements. For our September 2004 edition, he coauthored the major article on “Expanding Law Firm Operations Globally.”
The latter article drew on Joe's experience as one of PwC's global technical resources on law firm-related tax matters. He frequently assists other PwC partners on their clients' law firm tax matters throughout the U.S. and internationally. Presently, Joe provides or coordinates a full range of tax consulting services to PwC law firm clients on domestic (federal and state) and international tax matters. He also serves on the extended New York Metro Tax Leadership Committee.
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This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
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