J. Zaw Win

2 weeks ago | jdsupra.com | Kathleen Davis |J. Zaw Win

Developments in Vermont2025 Captive LegislationEvery year, the members of the Vermont Captive Insurance Association’s legislative committee and the Vermont Department of Financial Regulation (the “DFR”) work to improve Vermont’s captive insurance laws and regulations.

Oct 21, 2024 | drm.com | Joshua Leckey |Emily Garrett |J. Zaw Win |Kathleen Davis

The US Supreme Court recently issued a significant decision, impacting many closely-held businesses with buy-sell agreements funded by life insurance policies, Connelly v. United States, 144 S. Ct. 1406 (2024). In a 9-0 decision, the Court held that life insurance proceeds received by a closely-held corporation increased the value of the owner’s estate for federal estate tax purposes.

Jun 20, 2024 | drm.com | J. Zaw Win |Kathleen Davis

On Monday, June 17, the Vermont legislature passed H.289 to significantly reform the Renewable Energy Standard (“RES”) (30 V.S.A. §§ 8001-8016), overriding Governor Phil Scott’s veto of the bill by a vote of 21-8 in the Senate, and 102-43 in the House. The passage of this RES bill sets Vermont on the path toward 100% renewable electricity by 2035, making it only the third state in the nation to require all in-state utility providers to meet such a timeline.

Jun 4, 2024 | jdsupra.com | Kathleen Davis |J. Zaw Win

Captive Insurance Update Quick Links:VCIA RoadshowOn March 27, 2024 the Vermont Captive Insurance Association (VCIA) held its biannual “Roadshow” educational event designed for prospective captive insurance companies. The Roadshow, which has been hosted in over 20 cities, was held in Burlington, Vermont for the first time in seven years.

Mar 4, 2024 | drm.com | J. Zaw Win |Kathleen Davis

Those were the first words I heard when my client called me the other day. Moments later, I joined a call with my client and a very convincing “representative” of the U.S. Patent and Trademark Office (“USPTO”) seeking money. Familiar with this ruse, I immediately told my client the call was a scam. Undeterred, the “USPTO representative” told my client to look at his phone where he could verify that the call was really from the USPTO.