By Foez Dewan and Paulina Raad, McCabe Curwood
‘Ipso facto’ clauses enable a party to automatically enforce certain rights against a counterparty upon the occurrence of one or more events specified in a contract. This article discusses the effect of reforms that were introduced into the Corporations Act 2001 (Cth) by the Treasury Laws Amendment (2017 Enterprise Incentives No. 2) Act 2017 (Cth) (the Act).
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By David S. Greber, Offit Kurman Attorneys At Law
The European Union’s (the ‘EU’) latest privacy law, known as the General Data Protection Regulation (‘GDPR’), went into effect on 25 May 2018. The GDPR imposes significant and sweeping obligations on businesses that gather ‘Personal Data’ (1) – enough so that American businesses might hope that the Atlantic is wide enough to separate them from the GDPR.
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By Detelina Staneva, Kutchins, Robbins & Diamond, Ltd. (KRD)
The Tax Cuts and Jobs Act signed into law on December 22, 2017 contains new tax incentives for long-term investments in low-income communities designated as Qualified Opportunity Zones (QOZ). The new QOZs provide incentives to investors to defer recognition of current investment gains from sales to unrelated parties, if those gains are reinvested in designated low-income areas.
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By Laura A. Patti, Patti - Avvocati & Rechtsanwälte
This short contribution takes as its starting point an orthopaedic surgery, preceded by the correct information and consequently the informed consent by the patient, where the surgeon decided – in the middle of the procedure – to correct what in his eyes seemed a beauty imperfection, without obtaining the consent of the patient regarding this supplemental procedure.
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By Francesco Milano, COMMA 10
From 1 July 2017 the Italian Split Payment Mechanism, whereby VAT charged on VAT invoices issued to a public administration is paid directly to the tax offce by the public adminis- tration receiving the invoice, has been extended to other transactions.
By Jonathan R. Sigel, Mirick, O’Connell, DeMallie & Lougee, LLP
Businesses use staffng agencies to supplement their workforce with temporary workers, which saves money when meeting fluctuating production and staffng needs. However, companies can be held liable for the agencies’ violations of law (e.g. wage & hour laws) if the entities are found to be ‘joint employers’ – even when unaware of the violations!
By Robert S. Jacobson, Kutchins, Robbins & Diamond, Ltd.
Research and Development (R&D) is often associated with sophisticated laboratory experimentation where cuttingedge technological product is created. However, the Internal Revenue Code offers a more flexible definition of research and development.
