Wolters Kluwer s David Bartolone to Lead Presentation at British and Irish Association of Law Librarians Annual Virtual Conference
Jun 11, 2021 1:08 PM ET Legal Newswire POWERED BY LAW.COM
David Bartolone, Vice President and General Manager for the International Group at Wolters Kluwer Legal & Regulatory U.S., will lead a virtual lightning talk at the British and Irish Association of Law Librarians Annual Conference (BIALL) on Thursday, June 10 from 15:11 to 15:25 UTC. Mr. Bartolone s presentation will focus on the future ready lawyer in the COVID-19 era
. In addition to this session, Wolters Kluwer will host a virtual booth where staff members will be available to answer questions about the portfolio.
Developments in the sector
In recent decades, postal services have undergone radical changes from a regulatory, operational and technological perspective throughout the world.
Technological changes have confronted operators with new forms of competition from other communication services (e.g. e-mails), but also presented new opportunities, e.g. the use of technology in the just-in-time shipment of goods by express delivery companies. This is a rapidly growing area which is playing a key role in supply chain management and logistics. Market-oriented reforms have been undertaken in most countries: public postal operators have been corporatized and/or privatized and the scope of postal monopolies reduced. Furthermore, new regulatory issues have arisen as a result of the liberalization of postal markets.
Although the principles which constitute conventional wisdom are intended to be universal and are theoretically esteemed for their acceptability, international arbitration practice shows that despite a general consensus as to the formulation of certain principles, the perception of the way in which they should apply is likely to be influenced by the background of the party representatives or arbitrators.(1)
Legal backgrounds
The legal background of an arbitrator or counsel often influences their perception of the best way in which to conduct arbitral proceedings and apply the substantive law.
According to Pierre Tercier, justice is not dispensed in the same way globally. Thus, the preferred way of applying the law in one legal system may be inconceivable in another. This implies that when faced with the inherent diverse backgrounds of parties and their representatives in international arbitration, arbitrators should be ready to understand and apply rules with which they are not n
Introduction
Arbitration has long been valued as an entirely voluntary
process. In an ideal international commercial arbitration equally
sided parties may freely decide to arbitrate as well as agree on
innumerable options of how exactly possible disputes shall be
resolved: institution or ad hoc arbitration, seat and language of
arbitration, venues and means of proceedings, number and
description of arbitrators, allocation of costs, etc.
Enjoying such procedural freedom, parties frequently decide that
one party saves the option to refer disputes either to arbitration
or to state court whilst the other party is entitled to bring the
disputes exclusively to state court.
Question:
Joseph (an accountant) and his wife Jane (a housewife) borrowed money to purchase a rental property as joint tenants. They entered into a written agreement which provided that Joseph is entitled to 20% of the profits from the property and Jane is entitled to 80% of the profits from the property. The agreement also provided that if the property generates a loss, Joseph is entitled to 100% of the loss. Last year a loss of $40,000 arose.
Requirement:
How is this loss allocated for tax purposes? If joseph and Jane decided to sell the property, how would they be required to account for any capital gain or capital loss?