The Full Federal Court has held that a bankrupt taxpayer had no standing to seek review of an objection decision as she was not a person “dissatisfied” within the meaning of s 14ZZ of the Taxation Administration Act 1953.
This week, the Ninth Circuit takes a close look at a sizable antitrust jury award, and explains what constitutes a tax “return” for purposes of bankruptcy law.
OPTRONIC TECHNOLOGIES, INC v. NINGBO SUNNY ELECTRONIC CO. LTD.
The Court held that sufficient evidence supported a jury verdict holding telescope manufacturers liable for antitrust violations.
In the year leading up to lockdown in March 2020, there were 18,000 corporate insolvencies. The year following lockdown, this figure dramatically dropped by over a third to 11,000.
With the significant reduction in corporate insolvencies, it could be suggested that the Government support has actually been too effective and companies which ought to have entered an insolvency process have avoided doing so due to a mixture of financial support and restrictions on creditors, in particular landlords.
Newsletter Empresa Familiar
Noviembre 2021
Newsletter Empresa Familiar
Noviembre 2021
NDICE
1. ARTCULOS
1.1 El letrado asesor, figura jurdica olvidada pero obligatoria
1.2 Nuevos derechos para las personas con discapacidad y su incidencia en la empresa familiar
1.3 Impuesto sobre el Patrimonio de los no residentes en Espaa: cuestiones clave a tener en cuenta
1.4 Qu son los criterios ESG y por qu la empresa familiar debe integrarlos en su gestin?
2. SENTENCIAS Y RESOLUCIONES
2.1 Mercantil y civil
2.1.1
Introduction
In Re Bronia, ICC Judge Burton had to consider whether a director could retrospectively re-characterise a director’s loan as ‘drawings’ in order to release the director from liability to the company. ICC Judge Burton concluded that such an approach was impermissible.
Facts
Unless the owner of a limited liability company elects to be treated as a corporation for tax purposes, the IRS will treat a single-member LLC as a “disregarded entity” for tax purposes. As a disregarded entity, an LLC’s assets, liabilities, income and deductions are reported as belonging to the owner for tax purposes. Markell Co. v.
The latest insolvency statistics have now been released by the Insolvency Service and the Accountant in Bankruptcy ("AiB").
The AiB is responsible for the devolved elements of corporate insolvency, which is limited to liquidation and receivership. The Insolvency Service on the other hand records details on matters for which responsibility is retained at Westminster, being administration and CVAs.
The UK's latest quarterly company insolvency statistics, published on 29 October, suggest that the unexpectedly calm seas seen over the last 18 months (and maintained by unprecedented government economic support) may be starting to give way to stormier waters as corporate insolvencies begin to return to pre-pandemic levels.
The High Court has dismissed a challenge to Caffe Nero's company voluntary arrangement (CVA) in Young v Nero Holdings Limited. The Applicant in the proceedings, Mr Young, was a landlord of premises let to the First Respondent, Nero Holdings Limited (the Company) and challenged the Company's CVA under s 6(1)(a) and (b) of the Insolvency Act 1986 (the Act).
UK REIT Horizon Scanner Q4 2021
UK REIT Horizon Scanner Q4 2021
Key Issues
Key issues coming up for UK Main Market REITs in corporate, financial regulatory, planning, real estate, securities law and regulation and tax1 in England (including retained EU law2).
Issue/status/timing: New developments since our March 2021 edition are shown in green text. Impact: urgency/impact rating for REITs admitted to London Stock Exchange Main Market (including the Specialist Fund Segment3)