Burford Capital: US Budget Bill Adopted Without Lit Fin Provisions
Why we think this is neutral
This RNS provides a general update on the status of proposed tax provisions related to litigation finance in the US budget reconciliation bill. As it does not contain any of the mandatory news types, such as contract news, trading updates, or financial results, the sentiment is assessed as neutral.
Key Points
- US Senate adopted budget reconciliation bill without proposed tax provisions relating to litigation finance
- Provisions were removed based on Senate Parliamentarian's ruling
Summary
The leading global finance and asset management firm focused on law reports that the US Senate has adopted the budget reconciliation bill without the proposed tax provisions relating to litigation finance.
Burford Capital Limited, the leading global finance and asset management firm focused on law, has issued an update on the proposed tax provisions relating to litigation finance that were included within the US Senate's draft of the budget reconciliation bill. Based on the Senate Parliamentarian's ruling, these provisions were removed from the bill, which has now been adopted by the Senate without containing them.
GENERAL UPDATE