On April 9, the House of Representatives passed two Congressional Review Act (CRA) joint resolutions aimed at nullifying certain Consumer Financial Protection Bureau (CFPB) rules finalized in the final days of the...more
The resolution to nullify the CFPB’s overdraft rule now is in President Trump’s hands....more
House Republicans appear ready to start the Congressional Review Act (CRA) process to attempt to repeal the Biden Administration’s controversial overdraft rule....more
On May 31, President Biden vetoed H.J.Res. 109 subsequently returning the bill to Congress. This resolution, as previously covered by InfoBytes, was passed by the U.S. House of Representatives on May 8 to nullify an SEC Staff...more
The IRS won a major economic substance case on October 31. A federal district court in Liberty Global, Inc. v. United States, No. 20-cv-03501 (D. Colo.), found that a planned corporate transaction lacked economic substance. ...more
La Corte Suprema de Justicia de Colombia, mediante sentencia SC1834-2022 del 23 de junio de 2022 (la Sentencia), magistrado ponente Aroldo Wilson Quiroz Monsalvo, emitió una decisión relevante en materia inmobiliaria y...more
El pasado 19 de enero de 2022 fue publicada la Sentencia T-413 del 29 de noviembre de 2021 (la Sentencia) proferida por la Corte Constitucional de Colombia, el 19 de enero de 2022, con ponencia de la Magistrada Cristina...more
The Nullification Rule and the Feed-in Premium (FIP) system, which will have significant impact on Japan’s renewable market, have recently received further clarification. Both instruments, as reported in our Japan Renewable...more
METI’s Measures for Nonoperating Projects Now Open for Public Comments - On September 7, 2020, the Ministry of Economy, Trade and Industry (“METI”) announced the draft outline of the amendments to regulations regarding...more
Today’s post focuses on a thorny issue arising from the LLC Jungle — can derivative claims be pursued on behalf of a dissolved or cancelled LLC? In short, the answer is “yes” — but there are nuances to be aware of....more
SMJ Gen. Constr., Inc. v. Jet Commer. Constr., LLC, No. S-16785/16985, 2019 BL 131640 (Alaska Apr. 12, 2019) - In 2016, Jet Commercial Construction, LLC (“Jet”) entered into a subcontract with SMJ General Construction,...more
On 5 March the Italian Supreme Court issued a new important judgment on unit-linked policies and their nature....more
The United States Constitution provides that “[n]o state shall … pass any … Law impairing the Obligation of Contracts.” (U.S. Constit., Art. I, § 10.) Alongside state constitutional guarantees, the federal Contracts Clause...more
After a decades-long drought, the Supreme Court recently decided a case involving the Contracts Clause of the Constitution. You might not recall that provision because it is so rarely invoked in modern-day litigation (due to...more
On June 11, 2018, the Supreme Court of the United States decided Sveen v. Melin, No. 16-1432, holding that the retroactive application of a Minnesota statute that revokes spousal beneficiary designations in insurance policies...more