Month: September 2024
The California Office of Tax Appeals (OTA) recently posted a nonprecedential opinion regarding a like-kind exchange under Internal Revenue Code Section 1031. Silverado Lodging Co., LLC, et al.[1] involved the sale of a Napa Valley hotel, and the attempted 1031 exchanges by the two members of Silverado Lodging Co., LLC (Silverado) following the transfer of…
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Arbitration offers parties a streamlined, cost-effective, and confidential method of dispute resolution. Especially when compared to litigating claims in court. Arbitration requires all parties’ consent, frequently in the form of pre-dispute arbitration agreements. If one party refuses to arbitrate as agreed, the other party may seek to compel arbitration. However, a court can refuse to…
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