Supreme Court

Alito reports gift of $900 concert tickets in annual financial disclosure

Alito reports gift of $ 900 concert tickets in annual financial disclosure

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Justice Samuel Alito did not report any reimbursements for travel-related expenses in 2023, according to a financial disclosure form made public on Friday. The form also revealed that Alito accepted concert tickets worth $ 900 from a German princess.

Each justice is required to file a financial disclosure every year by May 15 with the Administrative Office of the U.S. Courts, which makes the forms available online in early June. However, the justices can receive an extension of up to … Read the rest

Civil Law

IFSCA Relaxes Rules for Family Investment Funds in GIFT City

Fund structures are gaining popularity among wealthy individuals in India as optimum structures to help with wealth planning, investments, and tax management. Family offices are viewing GIFT City, India’s first international financial services centre (“IFSC”), for the purpose of facilitating global investments in a structured manner. 

The IFSC funds regime envisages a ‘Family Investment Fund’ (“FIF”) as a self-managed fund set up in the IFSC for pooling money from a ‘single family’. FIFs can be set … Read the rest