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11 Apr 2024, 9:05 am by Jeffrey J. Spina-Jennings
As a reminder for those familiar, the acts that trigger an excise tax include: (i) taxes on the private foundation’s net investment income,[15] (ii) prohibitions on self-dealing transactions,[16] (iii) failure to make the required five percent (5%) qualifying distributions to charities,[17] (iv) prohibition on excess business holdings,[18] (v) prohibition on holding jeopardizing investments,[19] and (vi) taxable expenditures,[20] none of which apply to a 501(c)(4).[21] Despite the… [read post]
11 Apr 2024, 3:25 am by Patrick Bracher (ZA)
[Moruo Life Limited v The Prudential Authority, The Financial Services Tribunal case no PA2/23 (8 March 2024)] Decision – Moruo Life Ltd v The Prudential Authority.pdf (fsca.co.za) [read post]
10 Apr 2024, 11:57 pm by Wilson Ang and Chen Yan Wang
In this update, we summarise the key takeaways from these two decisions in MoneySmart Singapore Pte Ltd v Artem Musienko [2024] SGHC 94 (MoneySmart) and Shopee Singapore Pte Ltd v Lim Teck Yong [2024] SGHC 29 (Shopee)[1], which highlight the often-unexpected challenges with enforcing restrictive covenants and the importance of carefully drafted restrictive covenants in Singapore. [read post]
10 Apr 2024, 9:01 pm by Leslie C. Griffin
That is a lesson from John Courtney Murray.Murray died in 1967, before Pope Paul VI issued his famous letter against contraception and the Supreme Court decided Roe v. [read post]
10 Apr 2024, 9:01 pm by renholding
ENDNOTES 1 FDIC, Special Assessment Pursuant to Systemic Risk Determination (Apr. 2, 2024). 2 See Chevron v. [read post]