Subscription-based services, embraced by the software industry as an alternative to traditional models of selling product, provide a steady income stream to providers. Software-as-a-Service, along with the related...more
Wisconsin has adopted the Revised Uniform Unclaimed Property Act (the Uniform Act”), with a few local variations. 2021 Wisconsin Act 87, published November 6, 2021. The new statute (the “Wisconsin Act”) will be good news...more
Recent changes to the Volcker Rule, which become effective October 1, 2020, will permit banks and their affiliates (for convenience, “banks”) to sponsor credit funds, whose primary assets are loans and other debt instruments...more
In general, the effects of the new tax law should be very favorable to most corporate borrowers. Nevertheless, there may be situations where a corporate borrower benefits economically from a lower tax rate and other favorable...more
2/27/2018
/ Corporate Taxes ,
Debt ,
Debtor-Creditor ,
EBITDA ,
Foreign Corporations ,
Foreign Subsidiaries ,
GAAP ,
International Tax Issues ,
Liquidity Coverage Ratio ,
Repatriation ,
S-Corporation ,
Section 956 ,
Tax Deferral ,
Tax Rates ,
Tax Reform
1. Background: Elimination of LIBOR by 2021 -
As has been widely publicized, on July 27, 2017, the U.K. Financial Conduct Authority announced that LIBOR (London Interbank Offered Rate) the longtime global interest rate...more
It can be difficult to turn down an employee who asks for an advance on their earnings. However, there are lots of reasons for companies to think twice before making payroll advances to employees....more
In a case that “radically revises the law on mortgage foreclosure,” the Wisconsin Supreme Court recently held in Bank of New York Mellon v. Carson, 2015 WI 15, that Wisconsin circuit courts have the authority to order a sale...more
Three recent decisions call attention to the fundamental issue of the extent to which courts will enforce loan agreements and guaranties in accordance with their terms rather than imposing uncertain standards of fairness,...more
A recent decision of the Seventh Circuit Court of Appeals has significant implications for lenders in commercial loan transactions and for law firms that give legal opinions about the enforceability of loan documents....more