Calculation of potential damages to a Company resulting from its involvement in a tax shelter.
Secretariat professionals were engaged by a Major Wall Street Investment Bank in a dispute with a Fortune 500 Corporation resulting from a tax shelter provided by the Bank and to assess the alleged damages claimed by the Corporation.
The analysis required an understanding of two foreign partnerships, including the flow of funds, profits and losses, nature and characteristics of the financial instruments bought and sold, economic relationship between the partners, use of interest rate swaps as hedging strategies employed by the individual partners, ability of the partnerships to hedge certain business risks and ultimately damages. The results of our analysis led to a successful settlement for our client.
Impact of Large Language Models (LLMs) on Dispute Processes in Law
Large language models (LLMs) have ushered in a new era of legal practice, significantly disrupting traditional dispute resolution methodologies. Beyond their application in enhancing legal research and e-discovery, they are poised to revolutionize alternative dispute resolution (ADR) mechanisms.
Majd Nasrallah Authors Article in International Construction Law Review
Majd Nasrallah discusses the Saudi legal landscape in this article for International Construction Law Review entitled “Exploring the Saudi Legal Landscape: An In-Depth Examination of the New Civil Transactions Law in the Context of FIDIC Time Bar Clauses”.
Richard Manning provided trial testimony that contributed to a decisive legal victory for biotech startup Inhibrx in a $460 million trade secrets case brought by I-Mab Biopharma in Delaware federal district court.