I. Introduction The Internal Revenue Code (the “Code”) and accompanying regulations provide no explicit guidance directly addressing disguised sales of partnership interests. While the IRS issued proposed regulations under Treas. Reg. § 1.707-7 in 2004...
On Thursday, February 4, 2026, the Equal Employment Opportunity Commission (EEOC) filed a subpoena enforcement action against Nike in the U.S. District Court for the Eastern District of Missouri seeking to compel the footwear and apparel giant to produce information...
Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements form the foundation of the United States’ framework for preventing money laundering, terrorist financing and other forms of financial crime. These obligations arise primarily under the Bank Secrecy...
Ohio regulates most gym memberships under its Prepaid Entertainment Contracts Act, which creates specific rules on contract content, term limits, cancellation rights and payment practices for Ohio consumers and fitness businesses. Scope and Definitions Ohio’s Prepaid...
Current State of the Commercial Real Estate Market and Pending Loan Defaults Today, dozens of buildings in downtown Cleveland are distressed or are “upside down,” meaning that the properties in operation are having difficulty paying or are behind in paying their...
Cleveland’s downtown is ready for its next phase of growth. With national and local trends changing the way that people live, work, and recreate, downtowns require a vision for the future to set the stage for growth. Strategic real estate development plays a pivotal...
Businesses can face penalties even for well-intentioned contract terms. As consumer review protections expand nationwide, even well-intentioned and passive contractual language can unknowingly land businesses on the wrong side of a lawsuit. Nearly a decade ago,...
On January 16, 2026, Shenzhen Zhihuida Technology Co., Ltd. — the Chinese manufacturer behind the popular Meowant self‑cleaning litter box — and its U.S. distributor Gaosto Ltd. filed a federal lawsuit against rival PetPivot Inc. and several TikTok creators in the...
The start of a new year offers ecommerce businesses an opportunity to reset. For online sellers, 2026 brings familiar pressures: platform enforcement, consumer protection scrutiny, and IP disputes—alongside evolving regulations and rising expectations from both...
Climate risk data has quietly moved from the background of real estate underwriting into the center of many residential transactions. What was once the domain of insurers, lenders, and regulators is now directly influencing buyer behavior, pricing negotiations, and...