United States: Corporate/Commercial Law

A “Friends Of” organization is a U.S. tax-exempt organization that generally advances charitable work associated with another U.S. organization or a foreign institution or cause. It may be closely identified with one overseas hospital, university, museum, or relief organization. The organizations may share a name, history, mission, supporters, and fundraising priorities. They may collaborate every day. For those Friends Of organizations that support foreign entities, the IRS has very specific requirements on how they can operate and send the funds abroad.

The IRS and Treasury Department have proposed sweeping new regulations that could strip tax-exempt status from private schools using race-based criteria in admissions, scholarships, or programs—even when designed to promote diversity or remedy historical discrimination. These proposed rules would affect an estimated 18,000 educational institutions nationwide and create significant compliance challenges for schools, their donors, and holders of tax-exempt bonds financing educational facilities.

The US Court of Federal Claims recently addressed a critical question for Canadian exempt organizations earning US-source income: can they rely on fiscal transparency rules to claim treaty benefits through investment vehicles? The court's ruling in The South Saskatchewan Community Foundation Inc. v. United States examines when charitable organizations may look through intermediary entities to access tax exemptions under the US-Canada tax treaty, with significant implications for cross-border investment

A New Jersey District Court decision demonstrates how carefully drafted sale orders and proper notice procedures in bankruptcy asset sales can effectively shield buyers from legacy product liability claims. The case examines the critical interplay between asset purchase agreements, court-approved sale orders, and constitutional notice requirements in determining whether pre-closing liabilities follow purchased assets or remain with the seller.

M&A activity in AI is increasingly defined by speed, asymmetry of information and the quality of intangible assets. Financial performance still matters, but I’ve noticed it is no longer sufficient on its own. Buyers are underwriting something less visible and in many cases more determinative of long-term value: the defensibility of the underlying technology.

Explore how AI coding assistants face new security vulnerabilities, trade secret protection challenges in AI-driven businesses, and the evolving landscape of algorithmic pricing in retail. Discover insights on digital asset regulation, sports integrity cases, and the impact of AI on M&A due diligence.

Former federal prosecutor Guy Singer joins host Eva Davis to discuss his transition to Winston Taylor, where he leads complex white-collar defense and internal investigations. The conversation explores how judgment, collaboration, and team-first leadership shape high-stakes legal work and client relationships in an era where technical excellence alone isn't enough.

New York State has enacted sweeping changes to employee personnel record requirements, mandating that employers provide free access to personnel files, notify employees of negative information within 10 days, and retain records for three years post-employment. These new obligations fundamentally reshape how New York employers must manage and maintain employee documentation.

The FDA, in collaboration with federal partners, held a landmark public hearing on September 14, 2026, to gather input on the future therapeutic use of psychedelic drugs, drawing over 18,000 registered attendees. This hearing represents one of the earliest implementations of Executive Order 14401, which directs federal agencies to expedite research, review, and approval of psychedelic drugs for serious mental health conditions.

The SEC has filed a complaint against Eric Munson and Adit Ventures Management, alleging a multi-year scheme involving misrepresentation to investors, misappropriation of fund assets, and undisclosed conflicts of interest. The case involves over 60 funds with at least 1,000 investors, where the defendants allegedly induced investments through false promises, executed unauthorized loans between funds, and engaged in undisclosed self-dealing transactions while failing to properly register as an investment adv

Early decisions about a start-up's legal structure can dramatically affect tax outcomes and financial returns as the company grows and reaches liquidity events. Understanding the Qualified Small Business Stock (QSBS) exemption and implementing proper structuring from the outset can significantly enhance returns for both founders and investors.

The U.S. Department of Energy and Small Business Administration have launched a groundbreaking partnership to direct private investment toward small businesses developing energy and critical technologies. This new initiative combines federal expertise with private capital to accelerate commercialization of innovations in artificial intelligence, quantum computing, advanced manufacturing, and energy security. Fund managers and entrepreneurs in these strategic sectors now have access to expanded financing opp