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British Virgin Islands court rules on the ranking of redeemed shareholders
  • Proskauer Rose LLP
  • British Virgin Islands
  • March 3 2010

A recent decision from the Commercial Court of the British Virgin Islands has clarified the position of a redeemed shareholder of a fund who has a claim for redemption proceeds which have become due and payable.

IRS establishes guidelines to fix deferred compensation plan document defects under Code Section 409A
  • Proskauer Rose LLP
  • USA
  • March 3 2010

On January 5, 2010, the IRS issued Notice 2010-6 (the "IRS Notice"), which establishes a correction program for certain inadvertent instances of documentary noncompliance involving deferred compensation arrangements subject to Section 409A of the Internal Revenue Code ("409A").

Stephen A Devaney
  • Proskauer Rose LLP