Morris, Nichols, Arsht & Tunnell partner Jason Russell and Altus Group’s Julia Colbus are set to host a 60-minute webinar covering strategies to identify potential exposure, best practices to address outstanding items, and practical guidance on categorizing reportable liability by applicable reporting cycle and state at 1 p.m. on Wednesday.
“Unclaimed Property Fundamentals: Filing (The Unclaimed Property Reporting Cycle)” will cover managing the unclaimed property compliance function including the continuously changing state statutes that can be a gruesome task. In-depth reviews as well as strong policies and procedures are necessary for accurate escheatment to take place. Not adhering to these parameters may result in a costly state audit and/or very high interest and penalty fees, according to a press release.
Russell is a partner in the commercial law counseling group at Morris Nichols. His practice focuses on limited liability company, partnership (including MLPs) and statutory trust law, and also a broad range of commercial matters, including mergers, asset acquisitions, joint ventures, financings and bankruptcy-related transactions, and the preparation of Delaware legal opinions.