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  • New Limitations on Asset Restraints and Discovery Orders on Foreign Banks in NY

    In Daimler AG v. Bauman, 134 S. Ct. 746 (2014), the US Supreme Court in January 2014 held that a corporation is not subject to personal jurisdiction merely because it “engages in a substantial, continuous, and systematic course of business” in a forum. A corporation is subject to general jurisdiction only where it is considered “at home” and absent exceptional circumstances, a company is only “at home” where it is incorporated or has its principal place of business...
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  • Piercing the Corporate Veil in Canada When Company Is Used to Misappropriate Funds

    Fraudsters cannot hide behind a corporate shield in Canada when they use a company for an “illegal, fraudulent or improper purpose.” The Ontario Court of Appeals in Shoppers Drug Mart Inc. v. 6470360 Canada, Inc., 2014 ONCA 85, addressed the situation where Shoppers Drug Mart (“Shoppers”) contracted with the defendant Energyshop Consulting to manage and pay utility bills for Shoppers’ stores nationwide...
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  • Be Aware of Bermuda’s Recently Revised Reserved Power Trusts as an Asset Protection Plan

    It is important to know and understand the laws for asset holding when trying to recover claims. New legislation in Bermuda seeks to stimulate the trust industry and to attract international customers who wish to retain a certain level of control over their trusts. The Trusts (Special Provisions) Amendment Act 2014 enhanced the reserved power trusts where a settlor may retain fairly extensive powers over the trust.
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About HMB Law

Welcome to HMB's SALT & Pepper blog. As the title suggests, this blog tracks important and emerging issues, trends and developments that affect our clients not only in State and Local Tax (SALT) but also in other disciplines and industries. This blog is designed to be a helpful resource. We hope our readers will find it practical, insightful and valuable.

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