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Impact of the Tax Cuts and Jobs Act on Law Firms
President Trump and members of Congress have delivered on their promise to give all Americans (or at least most of us) a tax cut this year. On Nov. 16, 2017, the United States House of Representatives did its part. By a vote of 227 to 205, the lower chamber passed the most sweeping tax legislation we've seen in the past 30 years, the Tax Cuts and Jobs Act of 2017.
After a frenzied round of deal making, the Senate passed a tax reform bill on December 2. Majorities in both the House and the Senate voted in favor of a conference bill on December 19th. The President signed the bill into law on December 22. They said they desire to lower business and individual tax rates, modernize U.S. international tax rules and simplify the tax code. The Act does not treat taxpayers in all industries identically, however.
That said, if you are an attorney you may be wondering if a tax cut lies ahead for you in 2018.
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Major Differences In UK, U.S. Copyright Laws
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
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.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Removing Restrictive Covenants In New York
In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?
Legal Possession: What Does It Mean?
Possession of real property is a matter of physical fact. Having the right or legal entitlement to possession is not "possession," possession is "the fact of having or holding property in one's power." That power means having physical dominion and control over the property.