As soon as we start to think that Delaware’s unclaimed property practices and administration couldn’t possibly get any more egregious, another lawsuit like JLI Invest S.A. et al. v. Cook et al., Case No. 11274 surfaces. The...more
8/26/2015
/ Conversion ,
Declaratory Judgments ,
Due Process ,
Escheat ,
Foreign Commerce ,
Good Faith ,
Gross Negligence ,
Injunctive Relief ,
Merck ,
Property Owners ,
Shareholders ,
Tender Offers ,
Unclaimed Property
On Tuesday, July 14, 2015, at their Annual Meeting the Uniform Law Commission (ULC) completed their first reading of the Revised Uniform Unclaimed Property Act (RUUPA or the Act). While over half of the sections comprising...more
On June 18, 2015, a bill (S.B. 141) was unanimously approved by the Delaware Senate that would place limits on the look-back period and permanently extend the Voluntary Disclosure Agreement (VDA) program. This represents the...more
The judge in a case challenging Delaware’s use of sampling and extrapolation to determine unclaimed property liability denied the state’s motion to dismiss and in doing so, seriously questioned the State’s approach. ...more
Failing to attend last week’s Uniform Law Commission’s (ULC’s) Drafting Committee meeting to revise the 1995 Uniform Unclaimed Property Act (the Act) was worse than missing the 2012 Extravakranza. On November 7 and 8, 2014,...more
In This Issue:
- Waiver of Privilege: Disturbing Trends
- New Repair Regulations Affect All Taxpayers
- Unclaimed Property – It Is Not a Tax, but It Can Feel Like One
- Excerpt from Waiver of...more