UK COVID-19 Developments
HMRC updates its trading activities guidance
United Kingdom, Insolvency & Restructuring, Litigation, Tax, Proskauer Rose LLP, Coronavirus, European Commission, HM Revenue and Customs (UK), UK House of Commons, Court of Justice of the European Union
July Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts
USA, New Jersey, Insolvency & Restructuring, Litigation, Private Client & Offshore Services, White Collar Crime, Proskauer Rose LLP, Bankruptcy, Inheritance tax, Securities fraud
The U.S. Bankruptcy Court for the Central District of Illinois held that a debtor's explanation of estate planning as a rationale for asset transfers made prior to bankruptcy is sufficient to survive the Bankruptcy Trustee's motion for summary judgment. However, the Court noted that a deeper factual analysis would be required and expressed skepticism for the debtor's estate planning rationale.
USA, Insolvency & Restructuring, Litigation, Proskauer Rose LLP, Bankruptcy, Debtor, Limited liability company, United States bankruptcy court