IRS Guidance on Foreign Entity Material Assistance for Clean Energy Tax Credits

The IRS issued Notice 2026-15 providing interim guidance on determining material assistance from prohibited foreign entities for clean energy tax credits. The notice outlines rules for the Material Assistance Cost Ratio (MACR) and includes a request for comments.

Oil & Gas M&A Activity Influenced by Market Volatility

This article discusses how macroeconomic turbulence and volatile commodity markets influenced oil and gas M&A activity in 2025. It notes a shift towards opportunistic transactions and the increasing role of private equity and activist investors, with AI demand also driving deal activity.

UK Sanctions Update: Global Anti-Corruption and Russia Regimes

The UK Government has updated its sanctions list under the Global Anti-Corruption regime, varying an entry for Kamlesh Mansukhlal Damji Pattni to expand and clarify the grounds for his designation. Additionally, 297 new designations were made under the Russia sanctions regime, including companies, individuals, and vessels.

Treasury and IRS Simplify Currency Rules for Businesses

The Treasury and IRS have issued Notice 2026-17, announcing proposed regulations to simplify Section 987 currency rules for businesses. Key changes include an equity and basis pool method election and modified rules for recognizing suspended losses, aiming to reduce compliance burdens.

FAR Council Proposes Rule to Ban Semiconductor Acquisition from China

The FAR Council has proposed a rule to implement a statutory prohibition on the federal acquisition of semiconductors manufactured by China and other countries of concern. The rule, stemming from the FY2023 NDAA, includes a proposed disclosure requirement for non-federal sales and seeks public comments.

N.L. v. J.P. & Another - Massachusetts Appeals Court Opinion

The Massachusetts Appeals Court issued a non-precedential opinion in N.L. v. J.P. & Another, affirming the denial of a motion to file a late notice of appeal. The case involved a summary process action and a default judgment for unpaid rent.

Bombaugh v. Unum Life Insurance Company of America - Insurance Dispute

The Massachusetts Appeals Court reversed a lower court's decision in favor of Maryanne Bombaugh in her dispute with Unum Life Insurance Company of America over disability benefits. The court found the policy language was not ambiguous and ruled in favor of the insurer.

Commonwealth v. Eric Lasalle - Criminal Case Appeal

The Massachusetts Appeals Court affirmed a District Court judge's order dismissing a criminal complaint against Eric Lasalle for receiving a stolen motor vehicle. The Commonwealth appealed, arguing the judge abused her discretion by dismissing the case due to the nonappearance of summoned police officers.

Arizona v. Soto - Sentencing Discretion for Child Molestation

The Arizona Court of Appeals reviewed a case concerning sentencing discretion for child molestation. The court reversed in part and remanded for resentencing, finding the trial court erred in its interpretation of A.R.S. § 13-705(M) regarding concurrent sentencing.

Swenson v. Swenson - Marriage Dissolution Appeal

The Arizona Court of Appeals issued a non-precedential decision in Swenson v. Swenson, addressing an appeal from a marriage dissolution decree. The court affirmed in part and vacated/remanded in part, indicating further consideration is needed on specific issues related to asset division.