Fluorine on Call Ltd. v. Fluorogas Limited, et al.
The U.S. Court of Appeals for the 5th Circuit reversed an award for lost market value of an asset (a contract providing exclusive rights regarding equipment).
Lost Profits Arising From a Breach of Contract and Lost Market Value of the Contract Are Different
The U.S. Court of Appeals for the 5th Circuit reversed an award for lost market value of an asset (a contract providing exclusive rights regarding equipment).
Liquid Air Corporation and Subsidiaries v. CIR
The Tax Court permitted a blockage discount to be included in the basis of assets (calculated under IRC sec. 1012) purchased from another corporation whose purchase price was negotiated at arms'-length. The decision listed the factors consider in permitti ...
30% Blockage Discount Used
The Tax Court permitted a blockage discount to be included in the basis of assets (calculated under IRC sec. 1012) purchased from another corporation whose purchase price was negotiated at arm's length.