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On November 14, the Department of Treasury released the final version of the new Committee on Foreign Investment in the United States (CFIUS) regulations, promulgated pursuant to the Foreign Investment and National Security Act (FINSA) of 2007

Trade creditors take note: even though Chapter 11 debtors may continue purchasing goods and services and may continue operating in the ordinary course of their business, an earned cash payment in the creditor’s hands may not be safe from recovery.

As described in a post earlier this week, one of the major changes made by the articles/business-bankruptcy-issues/dont-miss-the-important-business-bankruptcy-rule-amendments-that-just-took-effect new amendments to the Federal Rules of Bankruptcy Procedure that took effect on December 1, 2007 was the inclusion of limits on the use of omnibus claim objections.

Recent decisions reinforce an earlier ruling that denied attempts by the Madoff Trustee, Irving H. Picard, to recover funds for the Ponzi scheme’s victims.

In the dynamic business landscape, the specter of bankruptcy is a stark reality for some. However, bankruptcy is not an inevitable end; it can often be avoided with the right strategies and guidance.

If adopted, a proposed Accounting Standards Update from the FASB relating to accounting for insurance contracts would apply to many companies that are not insurance companies because of a broad proposed definition of an "insurance contract."

In re Application of Dr. Alfonso Henrique Alves Braga, in his capacity as Judicial Administrator of Petroforte Brasilerio de Petroleo Ltda, et al. pursuant to 28 U.S.C. § 1782 For Judicial Assistance in Obtaining Evidence Located in the Southern District of Florida, Case No. 10-23973-MC-King/Goodman (S.D.N.Y Mar. 2011), deserves another brief look, since it addresses a timely area of international litigation practice: discovery in the U.S. for use abroad (see the discussion of this potent discov

The bankruptcy court ruled today that the City of Harrisburg’s Chapter 9 petition filed by the Harrisburg City Council was not specifically authorized under Pennsylvania law.

On December 13, 2007, the Internal Revenue Service issued Notice 2008-1 providing rules under which a 2% shareholder-employee in an S corporation is entitled to an income tax deduction for accident and health insurance premiums that are paid or reimbursed by the S corporation and included in the 2% shareholder-employee's gross income.

The IRS continues to face resource and operational pressures, including staffing declines, leadership turnover, and the demands of implementing major legislation.

In Jan. 12, 2009, Steven Miller, Commissioner for the IRS Tax-Exempt and Government Entities division, in a presentation before the Office of the Attorney General of Texas, provided insight into the upcoming final report by the IRS on its nonprofit hospital study.

On Friday, the Chair of the Securities and Exchange Commission Jay Clayton, the Commission's Chief Accountant Wes Bricker ...

On November 13, 2024, during the Practising Law Institute's 56th Annual Institute on Securities Regulation, a panel discussed critical updates in accounting and auditing, emphasizing the evolving landscape shaped...

There has been increasing discussion with respect to the accounting treatment of trade payable programs and whether the obligations of the entity that owes the receivable...