By Eugene G. Bernardo II or David M. DiSegna On March 18, 2022, the IRS issued Revenue Procedure 2022-20, which permanently allows issuers of tax-exempt private activity bonds to hold TEFRA hearings via teleconference. Pursuant to § 147(f) of the Internal Revenue Code, tax-exempt qualified private activity bonds are subject to a public approval requirement. One means...
It has been said that every challenge, every adversity, contains within it the seeds of opportunity and growth. The pandemic certainly presented hardship for individuals and businesses alike. During those challenging days, the attorneys at Partridge Snow & Hahn pulled together to help clients, colleagues and each other through long periods of isolation and the...
PS&H partner Lawrence Sheh has been included in the Lawyers Weekly list of Massachusetts Go To Business Lawyers. Lawrence is the Co-Chair of the Business Law group, one of PS&H’s largest practice areas. Go To Lawyers article as published by Lawyers Weekly. Lawrence has established himself as a proactive and practical advisor who knows how to get...
PS&H partner Alicia Samolis recently was consulted by Rhode Island Lawyers Weekly to analyze the 1st Circuit case Waters v. Day & Zimmermann NPS, Inc., 20-1997. Background In the case, Defendant Day & Zimmerman (“D&Z”) is a Delaware company with a principal place of business in Pennsylvania. D&Z was sued in the federal Massachusetts District Court by Waters, an...
By Alicia J. Samolis and Michael A. Gamboli The Value of Arbitration Clauses It is not uncommon for employers to require that all employment related disputes with employees be resolved by binding arbitration and not in court. Advantages of arbitration can include: (i) significant cost savings in legal fees in defense of a claim; (ii)...
By Daniel E. Burgoyne Associate Justice Brian P. Stern of the Rhode Island Superior Court recently issued a notable decision arising from a receiver’s sale of commercial real estate in Providence, Rhode Island. The Decision, entitled Rialto Capital Advisors LLC v. Robert Day, LLC, C.A. No. PC-2020-06964 (R.I. Super. Dec. 22, 2021, Stern, J.), is...
Rhode Island House Speaker Joe Shekarchi seems to think so. While he has been quoted in local media saying that while the legislature is “still not there” on a final product, he is at least ready to say that “we’ve worked down to almost one issue that’s left.” That specific issue, it seems, is who...
By Eugene G. Bernardo II and David M. DiSegna The IRS has issued final regulations governing the tax consequences of transitions from Interbank Offered Rates (IBORs) to other reference rates in debt instruments. The final regulations adopt many of the proposed regulations that the IRS released on October 9, 2020, with some important changes. The...
By Alicia J. Samolis and Michael A. Gamboli Employers with 100 or more employees can breathe a sigh of relief as the United States Supreme Court has come to the rescue and blocked the Emergency Temporary Standard (ETS) put in place by OSHA. How Did We Get Here? On November 5, 2021, OSHA published the...
Elizabeth will present for Partnership for Philanthropic Planning of Rhode Island on Thursday, January 20, 2022 regarding charitable giving strategies for nonprofit organizations. In this session, Liz offers updates on the current state of estate taxes, gift taxes and charitable planning. The registration link is here. Elizabeth will present “Forming a Nonprofit Organization in Rhode Island”...
