SALT & Pepper

  • Do They Facebook in Heaven?

    You are likely aware that every time you sign up for a web-based service like Gmail or Facebook, you are agreeing to certain terms. However, you may not realize that you are also agreeing to what happens to your account and your information upon your death. And it may not be what you would want and could even cause problems in the administration of your estate.
    Read More

  • Recent New York District Court Decision Limits Bankruptcy Trustee Recovery of Property Transferred Offshore

    Section 550 of the US Bankruptcy Code allows for the bankruptcy trustee to recover for the benefit of the estate property transferred to an immediate transferee that can be avoided under other Code provisions. In a recent matter in the Madoff bankruptcy proceeding, Sec. Investor Prot. Corp v. Bernard L. Madoff Inv. Secs. LLC, 2014 U.S. Dist. Lexis 91508 (S.D. N.Y. July 6, 2014), the bankruptcy trustee sought to recover funds that had been transferred from Madoff Securities to certain foreign customers (feeder funds), who then in turn transferred funds to certain foreign persons and entities. The trustee sought to recover these subsequent transfers—transfers made abroad between a foreign transferor and a foreign transferee.
    Read More

  • Limit Set on Reach over International Banking Transaction through New York Bank

    Parties cannot obtain jurisdiction in New York merely by the small passing of funds through New York banks. Rather, there will need to be a specific connection with New York and more than a tertiary role in the international banking system.
    Read More

Top Categories

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.


For information on how we can help you, please fill out our contact form.


Stay Connected