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Proposed Regulations on Carried Interests
by Augusto Egoavil On July 31, 2020, the IRS issued proposed regulations ([REG-107213-18]) under Section 1061 of the Internal Revenue Code (the “Code”) as required by Code Section 1061(f). The proposed regulations provide guidance on the application of Code...
Regulation Best Interest has arrived. Are you ready?
On Friday, June 26, 2020, the U.S. Court of Appeals for the Second Circuit upheld the Securities and Exchange Commission’s Regulation Best Interest in a unanimous opinion, following much controversy in the industry surrounding the rule.[1] The plaintiffs, which...
In Order For All Lives To Matter, Black Lives Must Matter. And the Time Is Now.
For the past several months our nation has experienced an unprecedented global pandemic coupled in recent weeks with widespread civil unrest that have combined to reveal the best and worst of who we are as Americans. These events have laid bare certain disparities...
BurgherGray expands to Chicago, adds new partner Chuck Katz
CHICAGO — BurgherGray LLP is excited to announce that acclaimed public finance attorney Charles “Chuck” Katz has joined the firm as a partner, and will anchor the firm’s newly minted Chicago office. With the addition of Chuck, the New York City-based law firm now has...
SEC provides conditional relief in crowdfunding offerings to small companies affected by COVID-19
SEC provides conditional relief in crowdfunding offerings to small companies affected by COVID-19May 27, 2020 Jephte LanthiaOn Monday, May 4, 2020, the U.S. Securities and Exchange Commission (SEC) issued additional temporary relief to address urgent funding...
COVID-19 Business Relief Programs: Main Street Lending Program
COVID-19 Business Relief: Main Street Lending ProgramMay 11, 2020 Gopal Burgher Lisa Brice Shubhra Sharma In response to the COVID-19 pandemic and pursuant to Section 4003 of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), the federal...
Gopal Burgher to participate in Legal & Business Webinar on May 4
BurgherGray managing partner Gopal M. Burgher will participate in a webinar on May 4, 2020 at 1:00 p.m. EST produced by Grow With Google Digital Coaches entitled, "Per the Contract, Let's Talk Business: Legal, Finances, & Using Data to Drive Growth." Registration...
DASNY and ESD are now empowered to incur revolving credit facilities to offset New York State’s cash-flow shortfalls
DASNY and ESD are now empowered to incur revolving credit facilities to offset New York State's cash-flow shortfalls April 26, 2020Included in a New York State budget bill enacted in early April as Chapter 56 of the Laws of 2020, are provisions authorizing Dormitory...
No Need To Worry About Tax Implications Of Modifying Mortgage Loans In Securitization Trusts
No Need to Worry About Tax Implications of Modifying Mortgage Loans in Securitization Trusts by Christopher Klug April 23, 2020 The U.S. economy is in sudden decline due to the national public health crisis caused by the COVID-19 pandemic. With...
New Tax Deadlines
New Tax Deadlines by Augusto Egoavil April 20, 2020On April 9, 2020, the IRS issued Notice 2020-23, extending deadlines for the filing of a large number of forms and for making certain related payments. Deadlines have been extended in furtherance of those...
Legal Insights
Chris Klug to Tour China, Conduct Outreach On Behalf Of BurgherGray
NEW YORK — BurgherGray counsel Christopher Klug will be traveling to China in December to connect with American citizens living in China to discuss some of the complicated legal issues surrounding income and estate planning. Chris will also address United States tax...
Periodic Filings for Investment Advisers
Periodic Filings For Investment Advisers by Dan Clausen February 5, 2019 Investment advisers need to file certain periodic reports with the SEC, other federal regulators and/or the adviser’s state regulator. Required filings for individual states can be found online...
NYDFS Cybersecurity September 3, 2018 Deadline Approaches – Are You Ready?
NYDFS Cybersecurity September 3, 2018 Deadline Approaches – Are You Ready? by Dauna Williams & Arian Jabbary August 10, 2018 September 3, 2018 marks the latest deadline under the New York Department of Financial Services (“NYDFS”) Cybersecurity Regulation 23 NYCRR...
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