News

On December 22, 2017, President Trump signed into law the biggest federal tax law overhaul since 1986. The new law, frequently referred to as the Tax Cuts and Jobs Act (TCJA) will significantly affect individuals, corporations, international taxpayers and estates and trusts. Many provisions of the Internal Revenue Code of 1986 have been repealed or amended, and new ones have been added.

Attorney Robert Smith was interviewed by Arkansas Business regarding a recent Arkansas Supreme Court decision that determined pre-dispute contractual waivers of the right to a jury trial are unenforceable under the Arkansas Constitution.

Robert Smith's article on CIBC Act compliance challenges was featured this week in Arkansas Business. According to Robert, the federal Change in Bank Control Act may be the most often overlooked — and one of the most often violated — of all banking regulations.

Friday, Eldredge & Clark, LLP is pleased to announce that in today’s release of the 2017 Chambers USA: America’s Leading Lawyers for Business edition, the firm is ranked highly in all four categories and 24 of our attorneys are recognized as “Leaders in Their Field” in eight practice areas. The four categories are Corporate/Commercial, Labor and Employment, Litigation: General Commercial and Real Estate.

Friday, Eldredge & Clark, LLP has named three new partners to the firm: Marshall S. Ney, E. Conner McNair and W. Taylor Marshall.

Little Rock Soirée Magazine recently released its picks for Best Lawyers in 2016. Jay T. Taylor was honored for his work in Commercial Real Estate and Bryan W. Duke was awarded for his work in Corporate Finance - Mergers & Acquisitions.

Last week Arkansas joined twenty-eight other states that have legalized some form of marijuana since 1996. Amendment 6 to the Arkansas Constitution passed by a vote of 53.2% to 46.8%. Sales of legal marijuana in the United States are expected to exceed $7 billion in 2016. This Alert reviews the terms of Amendment 6 and particular challenges that banks in Arkansas will face in considering whether to provide services to these newly legal businesses.