March 9, 2017

Stroock's Tax Practice Adds Noted Transactional Advisor Michelle M. Jewett as Partner in New York

PRESS RELEASE | Adding a prominent transactional advisor to its tax practice, Stroock announced the arrival of Michelle M. Jewett, an attorney with substantial experience in domestic and international tax matters. She joins as a partner in the firm's New York office.


Join Stroock at PLI's 22nd Annual Consumer Financial Services Institute

Join Stroock partners Julia Strickland and Quyen Truong, and of counsel Hon. Shira Scheindlin, at PLI's 22nd Annual Consumer Financial Services Institute.

The event will take place March 27-28, 2017 in New York, NY. The program will focus on a broad array of recent regulatory, enforcement and litigation issues.

  • March 27-28, 2017 - PLI's 22nd Annual Consumer Financial Services Institute
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  • March 30-April 2, 2017 - 2017 HNBA Corporate Counsel Conference
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  • April 3, 2017 - Yale Club Insurance Group Roundtable Discussion of the 51st Annual Heckerling Meeting
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    "It’s About Time! DOL Proposes Delay of Fiduciary Rule"

    On March 1, 2017, the Office of the Federal Register issued for public inspection a notice from the Department of Labor to propose a delay of 60 days from the currently scheduled "applicability date" of April 10, 2017 for the much discussed fiduciary rule under ERISA and its related exemptions ("DOL Fiduciary Rule"). The Department also has opened a 15-day period for notice and comment. This means that the comment period officially ends only approximately 24 days prior to the originally scheduled applicability date.

    In addition, the Department is seeking comments for a 45-day period on the questions posed by President Trump's February 3 Memorandum to the Department in which he makes certain inquiries of the DOL Fiduciary Rule. The Department also requests additional comments on the rule and exemptions to date. This Stroock Special Bulletin discusses the DOL's notice, the implications of the proposed delay and next steps for market participants.


    "Access to Enter an Adjoining Property: Must a License Fee Be Paid?"

    Co-op and condominium buildings regularly undertake repairs to comply with laws and maintain their building. Developers seek to maximize the square footage of new construction. Both frequently require an owner to enter on to a neighbor's property. All is well if neighbors agree on the conditions for entry, but what happens when neighbors cannot agree?

    This column offers guidance to co-op and condominium boards and managers that seek to enter adjoining property or have neighbors who seek to enter their property and discusses new appellate case law which impacts on these issues.

  • MARCH 2017 | HABITAT

    "The Smell of Pot, the Scent of a Lawsuit"

    The building reeked of marijuana. Board members blamed the smell on unit-owners Josefina Henriquez-Berman and her son Charlie, who lived in Apartment 1S, in the 19-story, 414-unit Manhattan building. More troublesome to some, however, was that they were deadbeats who owed $12,000 in unpaid common charges.

    After repeated warnings and fines, the condominium sued them to recover the unpaid money and to stop them from smoking pot in their apartment and allowing the smoke to escape into common areas and other apartments.


    "President Trump’s Tax Plan to be Revealed Soon – Where Do We Stand Today?"

    s Donald Trump settles into his new presidency, it is an appropriate time to revisit tax proposals articulated by both President Trump and House Republicans, as well as their potential impact on comprehensive tax reform. Recently, President Trump indicated that a formal tax plan will be released by the administration in the forthcoming weeks. If enacted, the type of changes that are currently being considered would greatly transform the current tax system for both individual and business taxpayers.

    This Stroock Special Bulletin provides a general overview of President Trump’s preliminary tax proposal (“Preliminary Trump Plan”), and highlights differences from a similar proposal outlined by House Republicans.