On July 28, 2025, The Wall Street Journal reported that the U.S. Department of Commerce is considering a new proposal to impose a tax of 1% to 5% on the “value” of issued patents. If implemented, the tax would be in addition to…
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/ Intellectual Property, Science, Computers, & Technology, Taxation
Since generative AI began its rapid ascent in 2022, the creative, tech and legal industries have grappled with a fundamental question: does using copyrighted works to train AI models violate the rights of creators, or does it…
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/ Civil Procedure, Communications & Media Law, Intellectual Property, Science, Computers, & Technology
On July 4, 2025, President Trump signed the "One Big Beautiful Bill Act" (the “OBBBA”), which contains amendments to sections 1400Z-1 and 1400Z-2 of the Internal Revenue Code (the “Original Statute”)—the provisions that…
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/ Administrative Law, Finance & Banking, Taxation, Zoning, Planning & Land Use
With the tie-breaking vote cast by Vice President Vance on July 1, 2025, the Senate approved an amended version of H.R. 1, originally titled the “One Big Beautiful Bill Act,” which was previously approved by the House of…
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/ Energy & Utilities, Real Estate - Commercial, Taxation
On June 16, 2025, the U.S. Senate Finance Committee released its version (the “Senate Bill”) of the “One Big Beautiful Bill Act” passed by the U.S. House of Representatives on May 22, 2025 (the "House Bill”). This alert…
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/ Administrative Law, Finance & Banking, International Law & Trade, Real Estate - Commercial, Taxation
On June 9, 2025, Sullivan & Worcester submitted a comment letter to the Internal Revenue Service (IRS) in response to Notice 2025-6, which requests public input on the possible expansion of the cloud transaction framework under…
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/ Administrative Law, Real Estate - Commercial, Taxation
The past is prologue: Do REIT qualification issues close with tax years, do they persist for ten (10) years (being the sum of five (5) years on account of the Section 856(g)(3) “lock out” plus another five (5) years of built-in…
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/ Mergers & Acquisitions, Real Estate - Commercial, Taxation
The U.S. House of Representatives, by a one-vote margin, passed the “One Big Beautiful Bill Act” (the “House Bill”) early in the morning on May 22, 2025. The House Bill has yet to be considered by the U.S. Senate and will likely…
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/ Business Organizations, Real Estate - Commercial, Taxation
I am proud to announce the publication in the Chapman Law Review of my article: “Turnabout is Foul Play: Sovereign Immunity and Cultural Property Claims”.
As the article explains, the Roberts Court has contorted beyond…
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/ Art, Entertainment, & Sports Law, Civil Procedure, Constitutional Law, Insurance, International Law & Trade
Seven bipartisan sponsors introduced the Holocaust Expropriated Art Recovery Act of 2025 on May 22, 2025, as Senate Bill 1884. The bill would extend provisions of the Holocaust Expropriated Art Recovery Act (HEAR Act) of 2016…
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/ Art, Entertainment, & Sports Law, Civil Procedure, International Law & Trade
On April 16, 2025, the Massachusetts Supreme Judicial Court (the “SJC”) issued a decision concluding that a claim based on a negotiated contract providing for indemnification of damages caused by an architect’s negligence cannot…
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/ Commercial Law & Contracts, Construction Law, Real Estate - Commercial
London, UK – Geoffrey Wynne, partner and head of Sullivan's Trade & Export Finance Group, worked with an ITFA working group headed by Paul Coles, chair of its Market Practice Committee, to develop a Short Term SWIFT Financial…
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/ Commercial Law & Contracts, Finance & Banking, International Law & Trade, Science, Computers, & Technology
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced, on March 21, 2025, that it issued an interim final rule that removes the requirements for U.S. companies and U.S. persons to report…
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/ Administrative Law, Business Organizations, Finance & Banking
On March 11, 2025, the Massachusetts Supreme Judicial Court (the “SJC”) issued a decision concluding that once a losing party satisfies a judgment in full, postjudgment interest stops running even if the losing party then…
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/ Civil Procedure, Civil Remedies, Commercial Law & Contracts
On March 3, 2025, the U.S. Securities and Exchange Commission (SEC) announced expanded accommodations for issuers submitting draft registration statements for nonpublic review. These enhancements are intended to facilitate…
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/ Business Organizations, Finance & Banking, Mergers & Acquisitions, Securities Law
