SALT & Pepper
British Virgin Islands Widens Scope of Pre-Action, Norwich Pharmacal Orders - International Asset Recovery
May 18, 2017
Authored by: Eric (Rick) Rein
In:
International Asset RecoveryA Norwich Pharmacal order enables an applicant to obtain discovery about a wrong that has been committed from a respondent who is not “mixed-up” in it.
Read MoreLessons Learned from New York’s Largest Ever False Claims Act Tax Settlement
May 03, 2017
Authored by: David Ruskin
In:
State & Local Tax (SALT)A little good faith can go a long way. Insight can be hard to gain from publicly announced settlements, mostly because litigation is typically settled due to the cost of defense and overall frustration with litigating. But the recently announced settlement of a False Claims Act case in New York, based on state income tax, is an exception.
Read MoreRecent Decision in Ampal Confuses Issue Whether Bankruptcy Trustee Can Avoid Extraterritorial Transfer
April 19, 2017
Authored by: Eric (Rick) Rein
In:
International Asset RecoveryIn a ruling recently decided by the U.S. Bankruptcy Court for the Southern District of New York, Spizz v. Goldfarb Seligman & Co. (In re Ampal-Am Israel Corp.), 562 B.R. 601 (Bankr. S.D.N.Y. 2017), that court disagreed with other courts both within and outside its own district to rule that the avoidance provisions of the Bankruptcy Code do not apply outside the U.S. because, based on the language in the provisions, Congress did not intend for them to apply extraterritorially.
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