Gianfranco A. Pietrafesa
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05.09.2024
Speaking Engagements & Seminars
Gianfranco Pietrafesa and Shamila Ahmed to Present “A Refresher on the New Jersey Revised Uniform Limited Liability Company Act” to the Hudson-Bergen Inn of Transactional Counsel
Gianfranco A. Pietrafesa and Shamila R. Ahmed, members of the firm's Business Counseling and Merger & Acquisitions Groups, will give a presentation on New Jersey LLC law to members of the Hudson-Bergen Inn of Transactional Counsel. The presentation information is as follows:
04.11.2024
Speaking Engagements & Seminars
Gianfranco Pietrafesa to Present “A Fresh Look at Contract Boilerplate” to the Hudson-Bergen Inn of Transactional Counsel
Gianfranco A. Pietrafesa, a partner in the firm's Business Counseling and Merger & Acquisitions Groups, will lead a presentation on “A Fresh Look at Contract Boilerplate” to members of the Hudson-Bergen Inn of Transactional Counsel. The presentation information is as follows:
03.25.2024
Client Advisories
Nothing Has Changed with the Corporate Transparency Act
On March 1, 2024, a federal district court in Alabama ruled that the Corporate Transparency Act (“CTA”) is unconstitutional and enjoined FinCEN from enforcing the CTA against the plaintiffs. We will spare you the details of the court’s decision in National Small Business United v. Yellen, No. 5:22-CV-1448-LCB, (N.D. Ala. Mar. 1, 2024). However, the injunction applies only to the plaintiffs in the Alabama lawsuit. In this regard, on March 4, 2024, FinCEN issued a press release essentially implying that it will continue to enforce the CTA against everyone except the plaintiffs in the Alabama lawsuit. On March 11, 2024, the U.S. Treasury Department filed an appeal to the U.S. Court of Appeals for the Eleventh Circuit.We cannot predict how the Eleventh Circuit will decide the appeal, but regardless how it rules, it seems likely that the case will be appealed to the U.S. Supreme Court. In that event, it seems unlikely that the issue would be resolved by the end of the year. Further, the federal court in Alabama provided Congress with an outline on how to amend the CTA to make it constitutional, so that is a possibility. We do not believe that the CTA will go away, so our advice at this time is as follows: