Farrel Fritz

MAY 8, 2023

Statutory fair value appraisal proceedings in New York come in two flavors. First, there’s the buy-out appraisal under Business Corporation Law § 1118 triggered by a minority shareholder’s petition for judicial dissolution. There are commonalities and differences between the two types of appraisal proceedings.

Appraisal 52

Appraisal Marketability Equity 52

Reynolds Holding

FEBRUARY 15, 2024

On January 24, 2024, the Securities and Exchange Commission (SEC) adopted final rules that impose significant additional procedural and disclosure requirements on initial public offerings (IPOs) by special purpose acquisition companies (SPACs) and in business combination transactions involving SPACs (de-SPACs).

Finance 45

Finance Appraisal Marketability Treasury 45

Farrel Fritz

FEBRUARY 13, 2023

The BCL § 1118 Buyout Election and the Timeliness Requirement Section 1118 permits the respondent corporation or any other shareholders opposing a Section 1104-a dissolution petition to “elect to purchase the shares owned by the petitioner at their fair value.” Willard did not elect to buyout Fernandes’s shares until May 2022.

Appraisal 52

Appraisal 52

ThomsonReuters

DECEMBER 7, 2022

For starters, wealth management requires extra care, trust investments are becoming more complex, and distribution rules are ever changing. The income taxation of estates and trusts may not garner as much attention as other areas of tax, so helping clients better understand the tax issues related to estates and trusts is important.

Compliance 59

Compliance Dividends Banking Appraisal 59