The United States Supreme Court issued its long-awaited opinion in Bristol-Myers Squibb Co. v. Superior Court of San Francisco County, 582 U.S. ____ (2017). Fortunately, the Supreme Court resisted the opportunity to revisit the limited scope of general jurisdiction discussed in Daimler AG v. Bauman, 571 U.S. _____ (2014), or to expand the existing grounds for specific jurisdiction. It maintained its prior view of specific jurisdiction and required “a connection between the forum and the specific claims at issue.” See the opinion here for more detail.» Read More
From October 5-6, 2017, Norris McLaughlin & Marcus, PA will participate in the Meritas® Latin American/Caribbean “LAC” Regional Meeting in Panama City, Panama. On the afternoon of October 5, 2017, the LAC members will host a Client Round Table focused on “Doing Business in Latin America and the Caribbean” featuring attorney panelists from countries throughout the entire region. NMM attorneys will attend and participate in the event.» Read More
Several tax bills passed by Congress late in 2015 changed the deadlines for filing federal income tax returns for partnerships and most limited liability companies, which are treated as partnerships for tax purposes. Other required filings might be affected as well.
The new rules generally take effect for tax years beginning after December 31, 2015, so that, for calendar year filers, the new deadline applies to 2016 tax returns, which are due in early 2017.» Read More
In remarks to The Executives Club in Chicago this morning, Fed Chair Janet Yellen signaled the next interest rate increase. “At our meeting [of the Open Market Committee] later this month, the committee will evaluate whether employment and inflation are continuing to evolve in line with our expectations, in which case a further adjustment of the federal funds rate would likely be appropriate,” Ms.» Read More
Melinda Fellner Bramwit discusses one’s options for disclosing offshore assets in the first video of a six-week series. Stay tuned over the next few weeks to learn more about the offshore voluntary disclosure program and the streamlined filing process for residents and non-residents.» Read More