Carl Merino, Dina Kapur Sanna and Seth Mersky co-authored an article, "Attribution After the TCJA: A Downward Spiral of Unintended Consequences," published by Trusts and Estates. The article focuses on the repeal of Internal Revenue Code Section 958(b)(4) as part of the Tax Cuts and Jobs Act of 2017 (TCJA). The repeal of this provision changed the rules for when ownership of stock of a foreign corporation can be attributed “downward” from a foreign shareholder, partner or beneficiary to a U.S. corporation, partnership trust or estate, causing many foreign companies that were not previously subject to the controlled foreign corporation (CFC) rules to become CFCs, with adverse tax consequences for both inbound and outbound investment structures.
Day Pitney attorneys Andrew M. Nerney and Anna Rothfus Merin co-authored the article, "IRS "Strikes Gold" by Targeting IRA Owners Investing in Coins," published by WealthMangement.com
On October 28, Counsel Heidi Seely spoke at a Financial Planning Association meeting, "Boston Practice Group: Estate Planning & Practical Suggestions for Advisors & their Clients."
Individual Clients Attorneys Carl A. Merino, Dina Kapur Sanna and Sarah B. Jacobson co-authored an article for Trusts & Estates Magazine titled, "Pre-Residency Planning for Your Client's Trust."
Warren Whitaker, Dina Kapur Sanna and Carl Merino co-authored a 2021 update to the white paper, entitled "U.S. Tax Planning for Non-U.S. Persons, Assets and Trusts - An Introductory Outline."
Of Counsel Michael Pfeifer served on the panel, "Integrated Asset Protection," a webinar hosted by Respada on July 29.
Day Pitney's 11 newly promoted partners, including Justin Hannan and Jordana Schreiber in Boston, were featured in the Boston Bar Association's Law Firm Newsletter.
Boston-based Tax Partner Justin Hannan's promotion to partner was featured in Tax Notes' Moves and Appointments column.
Day Pitney LLP promoted 11 attorneys to partner in the firm's three core departments: Corporate and Business Law, Litigation, and Individual Clients.
In November 2021, Day Pitney represented Crescendo Capital SA, a Geneva-based asset manager, and its U.S. affiliate, Crescendo Asset Management, LLC, in connection with the formation of a master-feeder fund structure consisting of two Cayman Islands domiciled feeder funds investing into a Delaware series limited liability company (the "Intermediary Vehicle").
In November 2021, Day Pitney represented Nickel Digital Asset Management Ltd, a London-based cryptocurrency asset manager, in connection with the formation of a multi-series Delaware limited partnership formed to invest in decentralized digital currency and tokens.