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Fourteen Kleinberg Kaplan Attorneys Named 2014 New York Metro Super Lawyer/Rising Stars

We are pleased to announce that Thomson Reuters has selected 14 of the firm’s attorneys as 2014 New York Metro Super Lawyers or New York Metro Rising Stars. Attorneys were nominated by their peers and recognized for their outstanding professional achievement in several legal practice areas including business/corporate, business litigation, estate & probate, mergers &…

Firm News | September 24, 2014

ISDA Extends Deadline for Adherence to 2014 ISDA Credit Derivatives Definitions Protocol

As discussed in our September 9, 2014 Legal Update “ISDA ISSUES 2014 CREDIT DERIVATIVES DEFINITIONS AND RELATED PROTOCOL,” the International Swaps and Derivatives Association (“ISDA”) has issued the 2014 Credit Derivatives Definitions (the “2014 Definitions”), which are expected to govern credit derivatives trades starting on September 22, 2014. ISDA has also issued a Protocol for…

Client Alerts | September 15, 2014 | Derivatives

Kleinberg Kaplan Bolsters Litigation & Risk Management Practice with Addition of Partner Steven R. Popofsky

Steven R. Popofsky has joined the firm as a partner in the Litigation and Risk Management department. With over 32 years in practice, Popofsky represents corporations, partnerships, private investment funds, individuals and family entities in a variety of complex and business litigation and arbitration matters. Steve previously was a litigation partner at Moses & Singer…

Firm News | September 11, 2014

IRS Issues Chief Counsel Advice on Self-Employment Tax

Overview On September 5, 2014, the IRS released a Chief Counsel Advice (ILM 201436049), which discusses the application of self-employment tax to members of a limited liability company providing investment management services. The CCA concludes that all members of the limited liability company (the “LLC”) are subject to self-employment tax on their distributive shares of…

Client Alerts | September 10, 2014 | Securities and Corporate Finance | Hedge Funds

ISDA Issues 2014 Credit Derivatives Definitions and Related Protocol

The International Swaps and Derivatives Association (“ISDA”), the trade group for the over- the-counter derivatives industry, has issued the 2014 Credit Derivatives Definitions (the “2014 Definitions”) which are expected to govern credit derivative trades starting on September 22, 2014. The 2014 Definitions reflect numerous changes to the 2003 Credit Derivative Definitions (the “2003 Definitions”) which…

Client Alerts | September 8, 2014 | Derivatives | Securities and Corporate Finance | Hedge Funds