The EU Takes a Major Step Toward Harmonised Insolvency Rules

The Council of the European Union has just given the green light to a new EU Law that aims to bring consistency to key aspects of insolvency rules across Member States.

For years, businesses and investors have had to navigate a patchwork of national regimes—each with its own procedures, timelines, and quirks. The new Directive marks a significant shift toward a more predictable and efficient regime.

By introducing common standards, the rules aim to maximise creditor recoveries and streamline insolvency … Read the rest

Supreme Court takes up RICO and veterans “benefit of the doubt” cases

Supreme Court takes up RICO and veterans “benefit of the doubt” cases

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In a list of orders released from the justices’ private conference last week, the justices granted review in four cases – adding those cases to the lone four cases that they have agreed to take up for the 2024-25 term since early January. Monday’s grants involve (among others) the interpretation of federal racketeering laws and the “benefit of the doubt” rule for veterans.

In Medical Marijuana v. Horn, the Supreme Court agreed to decide whether a commercial truck … Read the rest

Judge Mary Rowland Takes Pride in the Progress of LGBTQ People

Judge Mary M. Rowland came out in the 1980s, as the HIV epidemic gave rise to a renewed anti-LGBTQ movement across America. In recognition of LGBTQ Pride Month, a new video profile explores Rowland’s experience coming out, her pursuit of a career in law, and the social change she has seen.
Judiciary News – United States CourtsRead the rest

Madras High Court takes taxpayer to task for mischief with costs

Income Tax Act

In the case of Manas Vs. Income Tax Officer[1], the Hon’ble Madras High Court (“HC”) took serious objection to the taxpayer’s attempt at misleading the Court. The taxpayer had filed a writ petition seeking quashing of the reassessment proceedings and satisfaction order passed under Section 148A of Income Tax Act, 1961 (“IT Act”).

Oddly enough, the taxpayer’s argument was centered on the claim that the notice of the satisfaction order did not reach the … Read the rest