Administrative

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On April 17, the Internal Revenue Service (“IRS”) issued new proposed regulations to address a number of the outstanding questions and ambiguities pertaining to the Opportunity Zone program. The hope is that the new IRS guidance will spur significant Opportunity Zone investments that have been on the sidelines waiting for additional clarity. The proposed regulations answer major questions regarding original use and substantial improvement of tangible property and vacant land, requirements for being considered a…
A group of elected officials in the Pennsylvania House of Representatives and Senate have reintroduced a series of bills making significant changes to the process by which municipalities in Pennsylvania incur debt. The introduction of these bills has become a biennial occurrence; since the 2013-2014 legislative session, similar bills have been introduced, calling for such changes. None of the prior proposals have been enacted into law. The bills that have been introduced in the 2019-2020…
The construction and further development of infrastructure is of crucial importance for society and a healthy economy. But protecting the environment and human rights has also come to the forefront of the global agenda. At times these two goals have been cast as mutually exclusive, but the financing community has recognized the imperative to harmonize developing modern infrastructure with preserving our natural habitat and upholding social standards. The majority of financing banks have for some…
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We are Chicago attorneys who, for free, will help you find the best lawyer for your case.  Call us at 312-346-5320 or fill out our contact form and we will call you. I was downtown in Chicago recently after meeting a friend for dinner.  We joked as we waited for an Uber that ten years ago it seemed like every car on the street was a taxi, but on this night, we saw eight card…
Procedurally, the UK has three options: Ratify the Withdrawal Agreement (with possible accompanying changes to the Political Declaration on the future relationship with the EU) before 22 May, and cancel participation in the European Parliament elections Ratify the Withdrawal Agreement (with possible accompanying changes to the Political Declaration on the future relationship with the EU) before 30 June, and ensure that when the new European Parliament session opens on 2 July, there are no UK…
A noteworthy recent decision involves a demand for records submitted to the Pennsylvania House of Representatives. That request was denied and the Requester appealed to the Office of Open Records (OOR). The OOR in Monighan v. Pennsylvania House of Representatives, OOR, Docket No.:  AP 2019-0585 (April 18, 2019), explained that pursuant to the RTKL, legislative agencies such as the House of Representatives are not subject to the jurisdiction of the OOR. See 65 P.S. §…
Classic pocket watch on a hundred US dollar bill.
Vintage / retro color style : Classic pocket watch on a hundred US dollar bill. A concept / idea of time value of money (TVM), money in hand today is worth more than the same amount in the future.
A recent case from the Court of Federal Claims provides us instruction on differing site conditions and superior knowledge claims. The case arose out of a maintenance dredging contract issued by the United States Army Corps of Engineers (“USACE”). In North American Landscaping, Construction and Dredge Company, Inc. v United States, 17-903C (March 15, 2019), the contractor failed to timely complete its dredging contract and was assessed liquidated damages. In response, the contractor filed…
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Author: Jarod Bona When you think about Sherman Act Section 1 antitrust cases (the ones involving conspiracies), you usually consider the question—often framed at the motion to dismiss stage as a Twombly inquiry—whether the defendants actually engaged in an antitrust conspiracy. But, sometimes, the question is whether the defendants are actually capable of conspiring together. That isn’t a commentary on the intelligence or skills of any particular defendants, but a serious antitrust issue that…
Lots of national white collar stories in recent weeks. But first, why no thoughts (yet) on the Mueller Report? First, it’s been and will continue to be widely covered elsewhere. Second, it’s been a busy two days, and I haven’t finished reading it yet. You probably shouldn’t trust the analysis of anyone else who hasn’t done so either. There are lots of other white collar happenings, though: Part 234 of our ongoing series,…