Client Update
Bonus Depreciation in M&A: Timing, Structure, and Tax Impact
The One Big Beautiful Bill Act (the “Act”) includes significant amendments to bonus depreciation under Section 168(k). The Act permanently reinstated “bonus” depreciation at 100% of the cost of eligible property, and refines eligibility criteria and timing rules that trigger when property is acquired and placed in service. With accountants in mind, this article explains…
Read MoreGrounded by Complexity: The Challenges of Cross-Border Aviation Collateral
When airframes, engines, and other aircraft parts cross borders, the value and protection of collateral can shift just as quickly. For cross-border financiers and lessors, the assumption that their interests are fully secured can be upended by the complex interplay of international treaties and local laws. The result is a landscape where a security interest…
Read MoreTitle Piracy on the Rise in the Sea of Real Estate Ownership
As if buying real estate is not stressful enough, prospective buyers might not have heard of a new danger: title pirates. These are criminals who file phony documents claiming to own property that actually belongs to someone else. So how do title pirates operate? Imagine a picturesque and smooth sea; Captain Blackbeard of the title piracy crime syndicate…
Read MoreCIPA Litigation Persists For Online Businesses While Reform Bill Sits Idle
The past year has seen sweeping developments in personal jurisdiction doctrine as applied to online privacy litigation, particularly in California. In April 2025, the Ninth Circuit’s en banc decision in Briskin v. Shopify, Inc.[1] recalibrated the specific-jurisdiction analysis for nationwide e-commerce platforms accused of harvesting and monetizing consumer data, expressly rejecting any requirement of “differential…
Read MoreFlorida Ruling Raises Bar for Condo Terminations and Buyouts
On October 14, 2025, in a landmark decision with significant implications for the Florida real estate market, the Supreme Court of Florida formally denied Two Roads Development’s (TRD Biscayne LLC) petition for review in its long-running case against unit owners of Biscayne 21, a 1960s-era Miami waterfront condominium tower. The ruling (Case No. SC2025-1169) effectively…
Read MoreWith Expiration of CISA 2015, Cyber Threat Sharing Faces New Risks
When the Colonial Pipeline ransomware attack paralyzed fuel distribution across the East Coast in 2021, both government and private entities raced to exchange cyber threat data to prevent further disruption. That rapid collaboration was made possible, in large part, by the Cybersecurity Information Sharing Act of 2015 (“CISA 2015” or “the Act”), which, for nearly…
Read MoreNavigating FCC Rules in Broadcast Lending and Collateral Structuring
Under the Communications Act of 1934, as amended (the “Communications Act”), a Federal Communications Commission (the “FCC”) broadcast license cannot be owned or directly encumbered by security interests.1 Still, lenders routinely finance stations whose enterprise value pivots on the license. The market response relies on indirect pledges, equity-level control rights, and liens on sale proceeds.…
Read MoreMassachusetts Real Estate Transfers Over $1M Face New Tax Rules
Attention to owners of real estate in the Commonwealth (and the title companies and other professionals who advise them), the Massachusetts Department of Revenue (the “DOR”) recently adopted a new “millionaire’s tax” via 830 CMR 62B.2.4 (the “Regulation”). The Regulation imposes new withholding tax requirements on transfers of real estate within the Commonwealth involving a…
Read MoreOpen Floodgates to Personal Injury? RICO Claims Post-Horn
The Racketeer Influenced and Corrupt Organizations Act (“RICO”) is well known for having outgrown its original purpose. No longer a mere tool for prosecuting the mob, today it casts a net over a range of garden variety business disputes, serving as the hook for treble damages where other common law or statutory claims do not…
Read MoreWhat Healthcare & Regulated Industries Must Know About New DOJ Branch
The U.S. Department of Justice has created a new Enforcement & Affirmative Litigation (“EAL”) Branch within the Civil Division, signaling a strategic escalation in civil enforcement and government-initiated litigation. For healthcare entities—the perennial focal point of civil fraud enforcement—the EAL Branch’s formation presages more integrated, data-driven, and swift actions across a spectrum that extends well…
Read More