General Terms and Conditions within the Scope of Turkish Law of Obligations and Their Application Regarding Merchants

General terms and conditions, which we can refer to as standard contracts, appear frequently in everyday life such as electricity, water, and natural gas contracts, bank loan contracts, transportation contracts, insurance contracts, and many others. The general terms and conditions are regulated in the Turkish Code of Obligations No. 6098 (“TBK”) and stipulating that the […]

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Buying a Holiday Home – The Tax Considerations

As the sun begins to peak its way through the clouds, dreamers begin to consider the potential of investing in a holiday home. Investing in a holiday home can be a rewarding venture, offering both personal enjoyment and potential financial gain. However, amidst the excitement of acquiring a second property, forward planning is crucial, especially […]

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When Mixed Drinks Lead to Mixed Claims: Insurer not Under Duty to Defend Ontario Bar from Personal Injury Suit

The Ontario Superior Court of Justice has recently held that a liability insurer is not obligated to defend an insured bar operator from a liquor liability claim brought by an injured patron. In Kelloway v. Jack-O’s Sports Bar, 2023 ONSC 5925, the Plaintiff alleges that the Defendant, the operator of a Woodstock, Ontario sports bar, overserved him […]

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New Rules for Exemption from Capital Gains Tax on the Sale of Property

The government recently announced a change to the capital gains tax exemption rules, providing significant tax relief for property owners. Previously, in order to benefit from the IRS exemption on capital gains tax resulting from the sale of a property, the property had to have been kept as a permanent home/tax residence for at least […]

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Small Firm’s Full Roster of Attorneys Moves to Warshaw Burstein

The transition is not technically a merger, as Brady Klein & Weissman will still operate as an LLP for fee collections. In April, the founding partners of the small law firm Brady Klein & Weissman—which has a core business in real estate, matrimonial and trusts and estates—announced that it “no longer made sense” for it […]

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The Corporate Transparency Act imposes new reporting requirements on certain businesses as of January 1, 2024.

The Corporate Transparency Act is a federal law aimed at promoting transparency in the ownership of certain entities and preventing money laundering and illicit financial activities. Under this law, the entities described below must report certain information to the Financial Crimes Enforcement Network (FinCEN) regarding their Beneficial Owners and Company Applicant(s), as defined below. Who […]

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