Meta Description Divestment of shares is a complex corporate strategy involving the legal disposal of business units or assets. Explore the critical legal hurdles, from securities law compliance and tax consequences to mitigating contractual and regulatory risks. Learn the differences between sell-offs, spin-offs, and carve-outs to maximize shareholder value during corporate restructuring. The term divestment […]
Meta Description Discover the non-negotiable fiduciary duties—loyalty, prudence, and impartiality—that govern a trustee in US law. Learn about the Prudent Investor Rule and the severe legal consequences, including surcharge and removal, for a breach of trust. Serving as a trustee is an act of profound trust, placing an individual or institution in control of assets
Navigating the complexities of United States tax law can be challenging, especially when a series of seemingly separate transactions are involved. This post explores the step transaction doctrine, a crucial judicial principle that allows legal authorities to recharacterize a multi-step transaction as a single event for tax purposes. We will break down its core principles,