Member News

The cryptowave is only going to build more momentum in the next 12 to 18 months. Just two weeks ago Barclays announced a partnership with a leading crypto company to facilitate payments to buy Bitcoin, Ethereum and Litecoin, the most established crypto assets. This may reflect a trend of major financial institutions moving away from outright denunciation of cryptocurrencies to a cautious participation, marking a significant shift in their approach and making these assets much more accessible to new investors.

Read more: 'Crypto Confidence' - Zafar Kanani writes for Finance Monthly

Scopelitis, Garvin, Light, Hanson & Feary, P.C., announces the opening of its 14th U.S. office. Scopelitis Partner Adam Smedstad will launch the Firm’s Seattle presence.

Smedstad is a commercial trial lawyer who has spent most of his career defending motor carriers and property brokers in class actions. Smedstad is licensed to practice law in California, Washington, and Illinois. He has defended challenges to independent contractor classification as well as employee wage and hour claims in some of the nation’s most difficult jurisdictions.  He also has extensive experience defending class actions alleging violations of the Federal Leasing Regulations. Smedstad’s extensive experience in defending class actions against motor carriers and successfully trying them to verdict makes him well-positioned to establish the Firm’s Seattle presence. Prior to announcing he would lead the Firm’s Seattle office, Smedstad spent 13 years in Scopelitis’ Chicago office.

Read more: Scopelitis, Garvin, Light, Hanson & Feary, P.C., Opens Seattle Office

This issue of The Transportation Brief focuses on recent tax issues affecting companies in the transportation industry. When federal laws took effect at the beginning of 2018, Scopelitis attorneys acted quickly to assist with federal compliance issues, and with the subsequent issues that continue to arise as states readjust to align with the new tax environment. Each member of Scopelitis’ Taxation Practice offers a unique set of experiences and thought leadership.

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A recent report has revealed that millennials are set to benefit from an ‘inheritance boom’ bigger than that experienced by any other generation in the post-war period. The Resolution Foundation, the think-tank which carried out the research, defined millennials as people currently aged between 17 and 35, and found that those within this age bracket will be left record amounts of wealth by their ‘baby boomer’ parents and grandparents.

The report found that inheritances will double in size over the next twenty years, peaking in 2035, as baby boomers who generally have high levels of wealth move through old age. Additionally, nearly two thirds of millennials have parents who are property owners, of which they may receive a share in the future. This is a stark difference to adults born in the 1930s, of whom only 38% received an inheritance.

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Following its successful rebrand from Volaw Group to VG in September 2017 and as part of its focus on growth and the aim to delight its clients, VG has seen a raft of new employees join the fiduciary and administration company across all areas of the business.

In the past four months a total of eight new members of staff have boosted the ranks at VG including three trainees, demonstrating VG’s commitment to supporting the growth of Jersey’s financial services sector by providing jobs at grass roots levels for local people as well as more senior positions.

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