News & Insights

Bankruptcy lawyers and the public take note: the debt limit for small businesses and individuals wanting to reorganize under two of the more forgiving bankruptcy chapters got smaller. As of June 21, 2024, the limit for “small business debtors” under subchapter V of the Bankruptcy Code dropped from $7.5 million…

Several amendments to the Delaware General Corporation Law (DGCL) related to corporate governance, stockholder rights, and merger agreements went into effect on August 1, 2024. The amendments will apply proactively as well as retroactively to agreements a corporation has entered into prior to the effective date, but will not apply…

Golan Christie Taglia is pleased to share that associate, Joseph S. Trytten, has been appointed as the Vice-Chair of the Estate and Gift Tax Committee of the Real Property, Trusts, and Estates Section of the American Bar Association. Joseph will assume the appointment effective September 1, 2024. Congratulations, Joe, on…

Golan Christie Taglia partner Brian T. Whitlock addresses the recent Supreme Court decision on entity redemption agreements that are funded with life insurance policies owned by the redeeming entity. Brian examines the result of this decision and cautions what family business advisors can do potentially help their clients. For more…

In a significant move to foster innovation in emerging technologies, the U.S. Patent and Trademark Office (USPTO) has issued an updated guidance on patent subject matter eligibility, specifically targeting advancements in artificial intelligence (AI). This latest update, effective from July 17, 2024, aims to provide greater clarity and consistency in…

Illinois enacted an amendment to the its existing Child Labor Law (820 ILCS 205/0.5). This amendment is the first in the nation to protect children who appear in influencer content generated by an adult. To Whom Does the Law Apply? Adults who create compensated content for use on on-line platforms.…