by Jacob Stein | Sep 23, 2010 | Attorney Blogs, Blog
Yesterday’s New York Times had an interesting article on offshore banking. Apparently, following the shameful conduct of UBS and the Swiss government (yes, shameful), hundreds of billions of dollars left Swiss bank accounts and moved to Singapore and Hong...
by Jacob Stein | Sep 9, 2010 | Attorney Blogs, Blog
Show of hands, who has not heard of the McCourt divorce case? If you live in Los Angeles there is barely any other news coverage. While public divorces of the rich have always made great fodder for gossip journalists, this divorce sheds some light on a frequently...
by Jacob Stein | Aug 16, 2010 | Attorney Blogs, Blog
Many foreign jurisdictions have enacted LLC statutes. A lot of these jurisdictions are so-called tax havens, which generally means that an entity organized in that jurisdiction will not be taxed by that jurisdiction if the entity is not conducting any business in the...
by Jacob Stein | Jun 30, 2010 | Attorney Blogs, Blog
The interpretation of the statute advanced by the majority simply ignores the separation between the particular separate assets of an LLC and a member’s specific membership interest in the LLC. The ability of a member to voluntarily assign his, her, or its interest...
by Jacob Stein | Jun 30, 2010 | Attorney Blogs, Blog
In a recent decision (Olmstead v. FTC, Supreme Court of Florida, June 24, 2010), the Florida Supreme Court held that the charging order protection, an “exclusive remedy” for creditors pursuing LLC interests, is actually not the exclusive remedy, despite...
by Jacob Stein | Jun 17, 2010 | Attorney Blogs, Blog
After many months of suspense, the Swiss parliament has finally approved the deal struck by UBS and the US Justice Department to disclose the names of about 4,500 US-based clients of UBS who are suspected of tax dodging. UBS has until mid-August to provide the names...
