There have been several stories too big to fit into one “Legal Files” column, but the biggest of them all is the 2004 Ferrari Enzo that Stefan Eriksson crashed into a power pole at 199 miles per hour on the Pacific Coast Highway in Malibu, CA. That story was in […]
Tax planning time is usually the end of the year. But this year, between the uncertainties of the presidential election, the IRS working on eliminating some of our favorite tax-planning techniques, the current softness in the collector car market, and interest rates possibly going up, it makes sense for the […]
The ink was barely dry on “When Restorations Go Bad” (March 2016, p. 42) when Legal Files received an email from George Medynski: “Nice article. But call me anytime if you want the other side of the story.” I’m always happy to start a quest with a thrown gauntlet, so […]
Making sure your car is Q-tip-perfectly prepared before the concours judges arrive is stressful enough, but do we now have to watch for debris falling out of the sky? We’re talking about what the FAA calls Unmanned Aircraft Systems, but the rest of us call them drones. Drones are pretty […]
Disputes involving car restoration work are definitely in the upper echelon of the “Legal Files” Top 10 Hit Parade. That shouldn’t be surprising. Restorations have many elements that can easily lead to disputes: 1. It is really hard to know up front what level of work and cost most restorations […]
January is nearing, and a good percentage of us will be making the annual pilgrimage to Scottsdale auction week. Great cars in the winter desert is tough to beat, especially when you board your plane in single-digit weather. But with thousands of bidders chasing fewer cars, well-stocked bidders’ bars and […]
It’s the end of a great year for the collector car market. As it winds down, readers should take the opportunity to focus on a number of planning details. Tax rates likely to stay the same Year-end tax planning doesn’t look terribly complicated this year. Election season is in full […]
As exchange rates fluctuate, collector cars cross the oceans in the direction of the arbitrage. Add in some recent changes in U.S. import rules, and there is now quite a bit of interest in importing collector cars into the U.S. Is that a feasible option for the collector? U.S. law […]
Last month, “Legal Files” gave a behind-the-scenes report on the settlement of the Cunningham Corvette case, explaining how hard it is to really be a winner in litigation and why settlements almost always make sense (September 2015, p. 70). This month, it’s the other side of the story — an […]
The long legal battle over ownership of the #1 Briggs Cunningham 1960 Le Mans Corvette is over. When we last wrote about this fascinating case (January 2014, p. 42), the parties were about to argue a motion to dismiss the lawsuit entirely, which was not granted. A few weeks […]
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