Business Law and Corporate Law

New York City's pied-à-terre tax took effect on July 1, 2026, imposing a surcharge on certain residential properties that do not serve as a primary residence. A critical question for property owners is whether holding title through a trust or other entity can avoid this surcharge, and the answer depends on how the City applies its "look-through" approach to beneficial ownership. Understanding the primary residence exclusion requirements for trusts and business entities is essential for property owners

New York City's Pied-à-Terre Tax imposes substantial annual surcharges on high-value residential properties that don't serve as primary residences, with rates ranging from 0.8% to 6.5% of assessed value depending on property type and valuation. The Department of Finance has issued implementation guidance and mailed notices to affected property owners, who must now navigate complex exemption requirements and documentation standards by the September 18, 2026 deadline. Critical questions remain unresolved

Estate planning has evolved beyond traditional assets like real estate and brokerage accounts to encompass a new frontier: digital assets including cryptocurrency wallets, NFT collections, and social media accounts. Without proper planning, these valuable online holdings may become permanently inaccessible or subject to costly litigation, leaving fiduciaries struggling to navigate complex legal frameworks that govern access but not ownership.

Kalshi's launch of clinical-trial prediction markets creates a novel regulatory challenge at the intersection of federal derivatives law, pharmaceutical development, and information asymmetry.

Jones Day's dedicated FDI working group provides comprehensive guidance on navigating the increasingly complex landscape of foreign direct investment control across multiple jurisdictions. With expertise spanning from Australia to the United States, the firm's lawyers help clients understand government approval requirements and notification procedures that have become critical considerations in modern M&A transactions.

As artificial intelligence tools become embedded in hiring, performance reviews, and termination decisions, employers face a rapidly evolving legal landscape with significant compliance obligations that vary by jurisdiction. This analysis examines the hidden risks of algorithmic bias, the expanding web of state and local AI regulations, and the critical distinction between using AI as a decision-support tool versus allowing it to replace human judgment in employment matters.

A California appellate court has ruled that Delaware corporations with principal operations in California cannot use exclusive forum selection clauses to avoid the state's broader shareholder inspection rights, even when their bylaws designate Delaware as the exclusive forum for internal affairs disputes. The decision creates uncertainty for Delaware corporations operating in California and raises questions about the interplay between forum selection provisions and state public policy protections for minori

Private equity ownership has become a defining feature of the modern insurance industry. Carriers, brokers, managing general agents (MGAs), third-party administrators (TPAs), insurtech companies, and service providers increasingly find themselves owned, backed, or influenced by private equity sponsors.

The Texas Business Court's July 2026 decision in Jeremiah Counsel Corporation v. Ben Young examines how courts navigate the tension between church autonomy principles and statutory corporate governance requirements when religious organizations incorporate under Texas law. This case explores whether Second Baptist Church of Houston properly amended its governing documents to eliminate member voting rights and what remedies, if any, are available to dissenting members under the Texas Business Organizations Co

When brand ownership becomes divided, maintaining consistent quality and source identification for consumers presents unique challenges. This exploration examines the complexities that arise when trademark rights are split among multiple parties and the implications for brand integrity.

This advisory examines the lifecycle of a typical special purpose acquisition company (SPAC) through its initial public offering, highlighting current market trends, sponsor economics, SEC disclosure requirements, Nasdaq listing developments, and the practical considerations that shape today's SPAC transactions.

On the latest episode of “The Lobby Bar,” hosts Charlie Ricciardelli and Tyler Rosen unpack the Supreme Court’s recent decision in National Republican Senatorial Committee v. FEC, which struck down federal limits on coordinated expenditures by political parties and their candidates, while leaving key campaign finance rules — including contribution limits, disclosure obligations and earmarking restrictions — in place.