Category Archives: Lawyers

The Success of Sujit Choudhry

Comparative law has been growing in popularity over the years due to not only the ability to interact with more individuals all over the world, but also due to the fact that transportation and the cost to travel has become more accessible and lowered over the years as technological advancement has been made. Comparative law is specifically the study of the different legal systems all over the world and the study of how these different legal systems compare and contrast to each other. The study of comparative law is not only comparing present day legal systems, but is also the study of past laws that have been implemented by monarchies, dictatorships, as well as by communist regimes and even by democratic societies. The goal of this study is to examine what has worked in the past and what currently works in present day for the purpose of developing a new legal system for the future.

The study of comparative law does not only consist of laws in the past as well as the present that have been created by governments. This form of study also includes laws that have been set into place by cultural values and by cultural norms. The field of comparative law even studies the laws that have been put into place that are based upon religious values. This study has grown to especially focus on ancient civilizations such as Greece as well as Rome. Within the study of comparative law, one individual in particular stands out as an expert within this field of study as well as an innovative individual when it comes to the study of law.

This individual is Sujit Choudhry, a professor who possesses not only degrees in law, but degrees in other fields of study that have interested him. Mr. Choudhry is truly an individual who continues to do what he loves and has the overall goal to inspire those that he teaches. As a professor, Mr. Choudhry also conducts research and continues to study the different legal systems around the world in hopes to create a new legal system for the future that will support globalization.

Learn more about Sujit’s accomplishments here: https://en.wikipedia.org/wiki/Sujit_Choudhry

New Zealand Foreign Trusts: A Safe Horbor, Not a Tax Haven

Some individuals and businesses seek to avoid taxes by moving funds to tax havens. A tax haven is a country with laws that allow foreign-originated funds to go unreported. In a recent article published on NZHerald.com, Geoffrey Cone writes that New Zealand is not one of these tax havens and is not likely to change. In fact, Cone says the country is considered a model of tax transparency when it comes to foreign trusts and other arrangements. New Zealand complies with the Organization for Economic Cooperation and Development’s 2002 Model Agreement on Exchange of Information on Tax Matters. New Zealand is on the OECD white list of nations practicing tax transparency.

A Safe Haven for Investors

Investments by foreign individuals in New Zealand trusts is growing. The reason is that the clear and consistent regulatory environment makes it ideal for those who are concerned with issues like protecting their money and insuring proper succession. New Zealand has built a global reputation for tax transparency that attracts these types of foreign trust investments. For example, there are double taxation agreements with 35 nations that protect investors. There are another 20 tax information exchange agreements designed to prevent tax evaders from hiding money in New Zealand.

Regulatory Requirements

In 2005 New Zealand adopted updated requirements for trustees for foreign trusts. Trustees must file disclosure forms for settlements and when distributions are made. The required information includes a listing of the trust’s assets and liabilities. Trustees must also furnish the name and addresses of all recipients of foreign trust funds and the particulars of distributions and settlements. As the agreements mentioned above imply, this information is shared with the investors’ home countries tax agencies and other regulatory bodies. When a foreign trust includes a business, the trustee must furnish information about the method of accounting.

Not surprisingly, New Zealand has strict enforcement policies, including severe penalties for noncompliance with the regulations governing foreign trusts. These policies have enabled the country to develop strong relationships with nations like the United States and Great Britain that also follow OECD guidelines.

Geoffrey Cone is an attorney based in Auckland, New Zealand. He specializes in international trust and tax law. He works mainly with clients from Spain and Latin America, assisting them with wealth planning. He is a partner in the law firm of Cone Marshall Ltd. Geoffrey Cone began practicing tax and trust law in 1980 following his graduation from the University of Otago.

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Lawyer for Mayor de Blasio Criticizes Board of Elections

According to article in the Wall Street Journal, Laurence D. Laufer criticized the New York State Board of Elections for not only referring a case against the mayor for investigation into possible criminal proceedings, but also for leaking the information to the news media. Laufer is the attorney for de Blasio’s campaign.

The board has accused de Blasio of breaking the rules that limit how much can be donated to political candidates. According to Laufer, the board misinterpreted the law. He accused the board of being highly prejudicial and political by leaking the letter referring de Blasio for criminal investigation.

Laufer and the state board were referring to Mayor de Blasio’s Campaign for One New York and donors to it. Allegedly the mayor’s administration lifted a restriction on a deed owned by one donor, allegedly allowing the donor to make a profit of $72 million. The board questioned the relationship between two donors and the New York City Police Department. De Blasio and his administration raised funds in 2014 for Democratic candidates for state senate.

De Blasio’s administration had admitted to error regarding the property deal, but says it did nothing improper in regard to the other allegations. It is cooperating fully.

In 2014 de Blasio raised funds for the state senate candidates, then sent the money to county committees, which then passed the money on to those candidates. According to Risa Sugarman, lawyer for the Board of Elections, the transfers were done in such a way as to suggest they were trying to evade the law.

Ross Martin Abelow is an attorney located in New York City, and is registered to practice law in the state of New York.

Abelow works in various aspects of private law practice, including family and matrimonial law. He works with contract law for entertainers and athletes. People in those industries must be especially careful about their contracts. That’s true because producers in the industry tend to grab all the rights they can, and also because their careers are vulnerable to things beyond their control, such as how well they go over with audiences.

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