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There are clear occasions on which punitive tax regimes such as the Russian one will drive politically threatening holders of capital to try to protect legitimate assets from government confiscation.
When, if ever, can the government effectively prevent a criminal defendant from using their legitimate assets to hire a lawyer?
There are apartment towers scattered about seemingly at random, the rumor being that half the floors are empty nothing more than projects built as a way for drug lords to own legitimate assets.
There are apartment towers scattered about seemingly at random, the rumour being that half the floors are empty – nothing more than projects built as a way for drug lords to own legitimate assets.
The Court should squarely hold that the government cannot "freeze" legitimate assets a defendant needs to hire the advocate he or she believes will best represent them at trial, simply because there is probable cause to believe that the defendant has committed a crime.
Instead, the district court focused only on the fact that Luis's alleged health care offenses "resulted in $45 million of improper Medicare benefits being paid," and imposed a $45 million freeze on all of her property, including $15 million of concededly legitimate assets.
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"Self-storage has become a legitimate asset class — not just a garage away from the garage".
One useful change would be for regulators to make it clear to trustees of foundations and pension funds that "social-impact investments" are a legitimate asset class, says Sir Ronald.In America the OSICP also has high hopes that government will be able to use cash prizes to encourage social innovation.
GARY SHILLING: Yeah, and the guys who thought these were a legitimate asset class, pensions and endowments.
The establishment fought Milken every inch of the way but readily accepted mortgage-backed securities (MBS) as a legitimate asset class.
The industry, according to agtech firm Finistere Ventures, has transitioned "from a niche, opportunistic clade of the venture capital investment class, to a legitimate asset class attracting focused and generalist funds".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com