By: Suzanne Riopel A recent decision in the Tax Court is a reminder of the ambiguity in the distinction between “gifts” and “ordinary business transactions” in the context of family-owned businesses.[1] In Estate of Redstone v. C.I.R., the court held that the federal gift tax did not apply to a decedent’s transfer of stock in…

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By: Maegen Sincleair In Bikram’s Yoga College of India v. Evolution Yoga[1], the Ninth Circuit held the Bikram Yoga sequence developed by Bikram Choudhury is not entitled to copyright protection because copyright protection is limited to the expression of ideas and does not extend to ideas themselves. Bikram Choudhury developed a sequence of twenty-six yoga…

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By: Brian Tan On May 8, 2008, Intel Capital (Caymen) Corporation, Intel Capital Corporation, Deutsche Telekom, and AG (“Petitioners”) entered into a business relationship and contract with Yi Shan (“Respondent”). The parties found themselves in a dispute in November 2012, which was to be resolved by arbitration in Hong Kong per their business contract. Petitioners…

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