Bilzin Sumberg (LexBlog Canada)

9 results for Bilzin Sumberg (LexBlog Canada)

  • A Glut of “Opportunistic” Margin Calls: Are Creditors Moving Too Quickly to Seize Assets?

    What can companies expect from their funding sources as COVID-19 does damage to the economy? In at least some instances, perhaps, opportunistic attempts by lenders to illegally take control of business assets. A real estate investment trust (REIT) in New York alleges in a new lawsuit that it has already fallen victim to that type...

  • Despite Bumps in the Road, the P3 Delivery Model Proves its Worth

    Although public-private partnerships (P3s) have become a leading method of delivering infrastructure in several countries throughout the world, including Canada, P3s are often met with skepticism in the United States. Even though there is an ever-growing list of P3 successes (including several multi-billion dollar infrastructure projects that were completed ahead of schedule and below budget,...

  • Canada’s P3 Success

    Guest blog post written by Marc-André Hawkes, Senior Trade Commissioner, Canadian Consulate General in Miami. Thinking of Canada conjures up a variety of images. Some will picture soaring mountains and crystal clear lakes surrounded by snow; others will focus on the world’s strongest banking sector and low corporate tax rates; while others still may have eyes only for the...

  • The Real Tax Benefits of Inverting to Canada

    On August 26, Burger King announced that it entered into an agreement to acquire Tim Hortons, Inc., the Canadian coffee-and-doughnut chain, in a transaction that will be structured as an “inversion” (i.e., Burger King will become a subsidiary of a Canadian parent corporation).  The deal is expected to close in 2014 or 2015. The agreement values...

  • Synthetic Investment in U.S. Real Estate by Foreign Investors

    According to recent reports, foreign investment in commercial U.S. real estate exceeded $38.7 billion in 2013 – a 40 percent increase over 2012. Leading the way in 2013 were investors from Canada, China, Australia, Germany, and Singapore. This represents a dramatic increase from the 2009 collapse of the U.S. real estate markets, which caused foreign investments...

  • Canadian Investment Firm Building Upscale Mobile Home Parks in Florida

    As ties between Canada and Florida continue to strengthen, Canadian investment in the region continues to increase. Tricon Capital Group, the Canadian company whose profit rose five-fold last year after betting on U.S. housing in the depths of the slump, now plans to expand into upscale mobile home parks in Florida. Tricon has announced that...

  • New Miami in the News: Weekly Recap

    This week, David Beckham, Art Basel, MIA and a Global Diversity Summit all made headlines. David Beckham chooses Miami to build his soccer empire According to reports, the international soccer icon’s MLS franchise team will be located in Miami. As passenger numbers rise, Miami International Airport adds more venues, flights MIA continues to expand with...

  • Tax Planning Important for Foreign Purchasers of U.S. Real Estate

    It is no secret that the South Florida real estate market has been a buying opportunity for wealthy foreigners, in light of the decline in U.S. home prices and the lower value of the U.S. dollar against some foreign currencies.  Investors from Canada, Latin America and Europe are buying U.S. real estate for their own...

  • Will The IRS Report Non-U.S. Taxpayers’ Bank Deposit Interest To Foreign Governments?

    Banks’ Reporting Requirements Raise Privacy Concerns Effective January 1, 2013, U.S. financial institutions will be required to annually report bank deposit interest earned by non-U.S. residents to the IRS. Currently, U.S. financial institutions are only required to report bank deposit interest earned by residents of Canada to the IRS. (It should be noted that such...

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