Hulk Hogan’s Gawker Lawsuit Reignites Debate over Third Party Litigation Funding

Peter Thiel, founder of Paypal and Palatir recently made headlines after it was revealed that he had bankrolled Terry Bollea aka Hulk Hogan’s $140 million dollar privacy lawsuit against gossip news site, Gawker Media. This practice is known as third-party litigation funding, which means funding by an outside party of all or part of one…

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Importing 101: Inco-What?

If your business relies on international suppliers, the import process is a necessary know-how. When engaging in an international transaction, one of the most common mistakes business make is deciding who pays for each part of the import process. While many businesses agree on who will cover shipping, they often fail to define the terms…

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Forming an LLC—International Founders

US individuals that form an LLC probably do not give a lot of thought to opening a bank account for their new business, however for foreign individuals forming an LLC the process is not that straight-forward. First, the LLC must obtain an Employer Identification Number (EIN), but must do so without the required “responsible party”…

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Client Reminder Regarding FBARs (FinCEN Form 114, formerly TD F 90-22.1)

All United States persons, including citizens, green card holders, and individuals considered US residents based on the duration of their stay in the United States, are required to annually report their ownership of, and signature authority over, foreign bank accounts. The form for such reporting is commonly referred to as the FBAR (FinCEN Form 114,…

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