Browsing: corporate law

Stibbe successfully advised New York Life Insurance Company on the sale of a 33.33% stake in Candriam SCA by Candriam Group to Belfius Bank, strengthening their strategic partnership in sustainable asset management.

Businesses using corporate owned life insurance (COLI) and buy-sell agreements need to reassess their succession planning strategies following the Supreme Court’s decision in Connelly v. U.S.

The Supreme Court’s decision in *Connelly v. United States* clarifies the valuation of life insurance proceeds in estate tax calculations, impacting closely held corporations and their succession planning.

The Supreme Court’s decision in Connelly v. United States changes how life insurance proceeds affect estate tax valuation for businesses, potentially increasing tax liability and requiring businesses to re-evaluate their succession plans.