New York State and its municipalities are not likely to have adequate revenues to support maintenance or expansion of parks and open space in the next decade.

This memorandum highlights some of the key considerations to keep in mind while conducting business as a limited liability company ("LLC").

This advisory addresses certain key fiduciary duty concepts applicable to managers of limited liability companies with a particular focus on Delaware LLCs.

Chairman Paul S. Atkins has launched a broad philosophical shift at the Securities and Exchange Commission (SEC), directing the agency toward cutting red tape, maximizing capital formation, and embracing technological innovation. The following summarizes SEC initiatives now underway

Record Retention Policies present a host of issues beyond the retention and destruction[1] procedures that well-managed businesses would adopt if commercial concerns such as corporate governance...

This essay examines the unsettled case law about owner claims to recover misappropriated art under New York’s distinctive demand and refusal rule.

Street photography has a long and storied history and indeed some of the iconic photographs of the last 100 years were candid images of strangers taken by photographers roaming the streets of a city looking for a story, or the essence of the human condition or even art.

The Biden administration will propose a change in the tax-free basis step-up at death which has been a part of the tax law for a long period of time.

Intellectual Property - A product of the mind with commercial value.

The certiorari application in Connelly v. Internal Revenue Service, 70 F.4th 412 (8th Cir. 2023), was granted by the Supreme Court on December 13, 2023. It commences as follows...

This issue opens with an excerpt from Michael Findlay’s new book, The Value of Art: Money, Power, Beauty. How the art world values art is important because the concept of "value" is at issue in art disputes, often to calculate the measure of damages for lost, stolen or damaged artwork. How value is assessed is also essential when deciding on the information disclosures and representations in art transactions.

President Joe Biden, in his State of the Union address before Congress on February 7, 2023, proposed a wealth tax on "billionaires." The lead editorial of The Wall Street Journal for February 11-12, 2023...