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Eversheds Sutherland LLP
over 4 years ago
Tax Law
News Headlines
California FTB Chief Counsel Issues Ruling on Financial Corporations and Interest Rate Hedging Contracts
On November 2, 2018, the Chief Counsel of the California Franchise Tax Board issued Chief Counsel Ruling No. 2018-01, determining: (1) that a taxpayer servicing mortgages was not a financial corporation for purposes of the corporation franchise tax; and...
Eversheds Sutherland LLP
over 4 years ago
Tax Law
News Headlines
Maryland’s Limited Interest on Wynne Refunds Ruled Unconstitutional
Maryland Tax Court holds that Maryland’s limitation of interest on refunds resulting from the US Supreme Court’s decision in Comptroller of the Treasury of Maryland v. Wynne violates the US Constitution. In 2014, the Maryland legislature passed a law...
Barry Zalma
over 7 years ago
Insurance Law
Motor Vehicle Insurance
How to Lose Auto Coverage Without Trying – Insurable Interest Required for Coverage to Apply
Insurance is a contract of personal indemnity. It does not insure cars or property of any kind but insures people against the risk of loss of their property. People who know nothing about insurance do not understand this essential insurance concept and...
Barry Zalma
over 7 years ago
Insurance Law
Property Insurance
Arson-for-Profit Fails Because of Lack of Insurable Interest and Misrepresentation: Insurance Competence Needed to Commit Insurance Fraud
Arson is relatively easy. Pour some gasoline and light a match and a fire will burn. Successfully turning an arson fire into profit is more difficult and requires some knowledge of insurance and insurance claims. In Ross v. State Farm Fire and Cas. Co...
Vandeventer Black LLP
over 8 years ago
Real Estate Law
Real Estate Law Blog
Mechanic's Liens: Part 1.Technical Risks
By John Lockard , Partner, Vandeventer Black LLP Virginia law provides for a mechanic lien intended to insure payment to persons who supply labor or materials for construction projects. On first blush, the requirement is simple – to file the...
Vandeventer Black LLP
over 8 years ago
Real Estate Law
Real Estate Law Blog
Mechanic's Liens: Part 2. Practical Risks
By John Lockard , Partner, Vandeventer Black LLP A mechanic’s lien is a powerful tool to secure payment for construction work. As discussed in the last article, however, there are technical requirements to prepare a mechanic’s lien. Heads...
California Compensation Cases Staff
over 8 years ago
Workers' Compensation
Recent Cases, News, Trends & Developments
Defendant Gets to Select Interpreters for Depositions It Notices: Cal. Comp. Cases August Advanced Postings (8/9/2014)
Here’s the second batch of advanced postings for August 2014 issue of Cal. Comp. Cases. Lexis.com and Lexis Advance subscribers can link to the case to read the complete headnotes and summaries. © Copyright 2014 LexisNexis. All rights...
Larson's Spotlight
over 7 years ago
Workers' Compensation
Recent Cases, News, Trends & Developments
Colorado: In Spite of Credit Allowed Employer Related to Out-of-State Death Benefits Paid, Interest Was Owed on Balance of Benefits Due
Where a worker was killed in a work-related accident on the second day after he assumed a new position in Colorado—he had previously worked for the employer in Mississippi—and his survivors were paid death benefits under the Mississippi Act...
Larson's Spotlight
over 9 years ago
Workers' Compensation
Recent Cases, News, Trends & Developments
South Carolina: Guaranty Association Ordered to Pay Penalties and Interests Where It Failed to Pay Claim in Timely Fashion
The Supreme Court of South Carolina recently held in relevant part that with regard to the handling of claims related to insolvent workers’ compensation carriers, the "covered claim" limitation applies only in the context of claims deriving...
Daniel M. Kowalski
over 9 years ago
Immigration Law
Inside News
Advance Copy of ICE NPRM: Change to Existing Regulation Concerning the Interest Rate Paid on Cash Deposited to Secure Immigration Bonds
"The Department of Homeland Security proposes to amend its regulations addressing the payment of interest on cash bond deposits to explicitly provide that the Department of the Treasury (Treasury) will set the interest rate. In the future, Treasury...
Daniel M. Kowalski
over 7 years ago
Immigration Law
Inside News
Treasury Sets Rate on ICE Cash Bonds
Federal Register / Vol. 81, No. 6 / Monday, January 11, 2016 - "For the period beginning January 1, 2016, and ending on March 31, 2016, the U.S. Immigration and Customs Enforcement Immigration Bond interest rate is 0.14 per centum per annum.&quo...
Robert M. Horkovich
over 7 years ago
Insurance Law
Insurance Law
State of California v. C.N.A. (Stringfellow) Prejudgment Interest Decision
In the decision just released in the State of California "Stringfellow" case , the Superior Court of the State of California awarded the State of California the amount of $13,914,082.09, the full amount of mandatory pre-judgment interest and...
Randy J. Maniloff
over 8 years ago
Insurance Law
Insurance Law
Appeals Court Makes New Law: Insurer Must Pay Interest On Settlement After 30th Day Without Payment
Singler v. Zurich American Ins. Co., No. 2014AP391 (Wis. Ct. App. Sept. 16, 2014), [ enhanced version available to lexis.com subscribers ], involves Zurich’s eve-of-trial settlement of an automobile liability claim for $1.9 million. Zurich’s...
Barry Zalma
over 7 years ago
Insurance Law
Insurance Law
Insurer Appointed Lawyer’s Duty is to Client It Was Retained to Defend – Conflict of Interest Required To Remove Counsel
Insurance companies have the right and obligation to choose counsel to defend its insureds. Counsel retained by an insurer to defend an insured, contrary to the belief of many, is obligated solely to represent the rights, duties, obligation and defenses...
Troutman Sanders
over 9 years ago
Insurance Law
Insurance Law
Troutman Sanders LLP: Illinois Appellate Court Affirms Victory for Insurer in $5 Million Post-Judgment Interest Coverage Dispute
By Rebecca L. Ross , David F. Cutter , James J. Sanders The Illinois Appellate Court has upheld a victory for Occidental Fire & Casualty Company of North Carolina in a dispute over the scope of its obligation to cover post-judgment interest...
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