In a recent opinion out of the U.S. District Court for the Northern District of Alabama, the newly-effective Corporate Transparency Act has been found unconstitutional.
The Chancellor of the Exchequer delivered the United Kingdom (UK) Spring Budget for 2024 on 8 March 2024. The Budget was delivered against the backdrop of an anticipated general election in the summer or autumn of 2024 and featured a raft of measures which are intended to catch the eyes of the voting public. As with several previous Budget announcements, encouraging pieces of good news sit alongside tax-raising measures and anti-avoidance proposals which – although targeted – serve to chill the optimism.
The same is true of the Spring Budget 2024, with a number of key announcements impacting real estate, from the genuinely promising news of the introduction of the Reserved Investor Fund, to the extension of the transfer of assets abroad legislation and the wholesale replacement of the UK’s current system for taxing non-UK domiciled individuals. In this article we explore these announcements in more detail.
The New York County Supreme Court recently held that in the event of foreclosure, a receiver can be appointed, regardless of necessity, when the parties have contracted for such appointment.
Here is a rundown of some of Cadwalader’s recent work on behalf of clients:
