April 10, 2024
In Culp v. Commissioner, the Third Circuit held that § 6213(a)’s 90-day period for filing a Tax Court petition to redetermine a deficiency is not jurisdictional and is subject to equitable tolling. Relaxing strict compliance with the draconian filing rule would allow taxpayers to have their day in court even if they fail to meet the 90-day deadline.
In Woodbridge Wind-Down Entity v. Monsoon Blockchain Storage, the U.S. Bankruptcy Court for the District of Delaware (the “Court”) addressed the enforceability of an arbitration provision in connection with a post-petition contract entered into by the debtors and a non-debtor counterparty. The Court first concluded that Paragraph 22(B) did provide for the arbitration of disputes under the APA. However, the Court then found that the Addendum represented the parties’ actual intent and that its language controlled. In light of the Addendum’s unambiguous language, the Court concluded that the parties did not agree to arbitrate claims under the APA.
White and Williams attorneys discuss steps the commercial lending industry can take to prepare for recession.
Professor Mo Zhang summarizes his forthcoming article on the Supreme People’s Court of China’s latest efforts to handle foreign arbitral awards seeking enforcement in China.
Pepper Hamilton attorneys explore why businesses seeking clarity on personal jurisdiction in Pennsylvania may get some answers soon.
Craig Tractenberg, Partner @FoxRothschild, discusses how to reduce risk when growing a franchise abroad. #Temple10-Q #FranchiseLaw