SALT & Pepper
Creditor’s Ability to Recover in the UK From Debt Owed Under Letters of Credit
March 29, 2018
Authored by: Eric (Rick) Rein
In:
International Asset RecoveryYour client has a judgment or arbitral award and becomes aware of an unrelated contract where the judgment debtor is to be paid through letters of credit issued by a bank branch in the UK. Can you use that as a source of recovery? Judgment creditors need to be aware of another avenue of collection.
Read MoreWhat Illinois Auto Dealers, Financial Institutions and other Lessors Need to Know About Taxing Post Lease Charges
March 12, 2018
Authored by: David Machemer
In:
State & Local Tax (SALT)Three years ago, Illinoisans cheered the changes to the motor vehicle leasing law that were to lead to tax savings for lessees and level the playing field with other state's leasing laws. Now, as the first wave of three-year leases comes to an end, lessors can no longer afford to overlook these changes regarding the post-lease charges.
Read MoreSouth Dakota v. Wayfair, Inc. and Illinois' Marketplace Fairness Act
March 02, 2018
Authored by: Fred Marcus
In:
State & Local Tax (SALT)The U.S. Supreme Court granted South Dakota's certiorari petition in South Dakota v. Wayfair, Inc. et al., No. 17-494 and scheduled oral arguments for April 17, 2018. Illinois now proposes to enter the fray with the Marketplace Fairness Act.
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