SALT & Pepper
Two Recent Announcements Regarding the False Claims Act
December 14, 2015
Authored by: David Ruskin
In:
State & Local Tax (SALT), Your General Counsel1. DOJ False Claims Act Statistics for FY 2015 On December 3, 2015, the Department of Justice ("DOJ") released its annual update on the FY 2015 numbers regarding False Claims Act filings and recoveries during this past year ( DOJ Stats FY2015). In the fiscal year ending September 30, 2015, the DOJ received in excess of $3.5 billion from settlements and judgments in civil cases alleging fraud and false claims against the government. This is the fourth consecutive year that the total recoveries have exceeded $3.5 billion from cases filed under the False Claims Act.
Read MorePre-Judgment Freeze of Assets in Australia Upheld
December 14, 2015
Authored by: Eric (Rick) Rein
In:
International Asset RecoveryA Singapore entity who had entered into a joint venture with an Indonesian entity brought suit in Singapore. The Indonesian entity owned shares in an Australian company. The Singapore entity made an ex parte application to the Supreme Court of Western Australia (“Supreme Court”) to freeze the shareholding interests. The court granted the application, but the Court of Appeal dismissed the freezing order. The High Court reversed.
Read MoreNovember 2015 Tax Credits and Incentives Update
December 03, 2015
In: State & Local Tax (SALT)This post continues a monthly series outlining updates in state tax credits and incentives; included here are legislative, gubernatorial and case law updates. While tax credits and incentives have their fair share of critics, they are a reality in today's competitive business environment in which states compete with each other for jobs and investment. Regardless of the criticisms, state tax credits and incentives benefit many kinds of entities in a number of different ways.
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