Paul F. DePasquale

Dec 12, 2023 | lexology.com | Paul F. DePasquale |Lyubomir Georgiev |Richard Lipton |Lily Kang |Ryan Sciortino

In briefIn a November 15 opinion, the US Tax Court held that YA Global (the fund) was engaged in a US trade or business because of the activities of Yorkville Advisers (YA), the fund's US-based asset manager. The YA Global decision could have broad implications for funds, asset managers, and fund investors, especially non-US funds with US investments or US-based asset managers.