Why charities reject debt-financed real estate gifts At first glance, leaving real estate to charity seems straightforward. In practice, highly appreciated property encumbered by mortgage debt is frequently declined. Public charities and private foundations are...
On February 20, the U.S. Supreme Court issued its decision addressing the President’s authority under the International Emergency Economic Powers Act (IEEPA) to impose broad tariffs. In holding that IEEPA does not authorize the sweeping tariff measures at issue, the...
AI, robo‑advice, and advanced analytics now sit inside the core of how many firms make money, manage risk, and communicate with investors, so regulators expect the same level of discipline and truthfulness around AI that they expect for any other key business process....
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. For banks, fintech companies, broker-dealers, and other...
Why the 2026 Redesignation Matters Since their enactment in 2017, Opportunity Zones have served as a significant development tool in Ohio, directing private capital into economically distressed communities through federal tax incentives. The One Big Beautiful Bill Act...
On January 15, 2026, TaylorMade Golf Company filed a federal lawsuit in the U.S. District Court for the Southern District of California against Topgolf Callaway Brands Corporation. The claims center on false advertising, unfair competition and trade libel, alleging...
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...
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...