Stradling shareholders Joshua Geffon, Jeffrey Estes, Benedict Kwon, and Michael Brown published in “Venture Capital Investment in the United States: Market and Regulatory Overview”, a Q&A guide to venture capital law in the United States published by PLC Practical Law.
Monthly Archives: May 2014
Former employees may be out of sight, but certainly not out of mind. If a former employee of a company is hired by a competitor, the company risks losing more than its trade secrets and confidential information: its goodwill, reputation, and relationships with its customers, clients, and vendors are all at stake. As labour mobility has increased, employers in the United States have increasingly incorporated non-compete agreements into their employment contracts to prevent former employees from trading on the knowledge and relationships created during their employment.
On May 16, 2014, the U.S. Court of Appeals for the 11th Circuit issued the highly anticipated opinion in United States v. Esquenazi.1 In affirming the longest sentences ever imposed under the Foreign Corrupt Practices Act (FCPA), the court held that bribe payments to a foreign state-owned business enterprise that did not perform traditional governmental functions could nonetheless be the basis for criminal liability under the FCPA. The 11th Circuit was the first federal Court of Appeals to decide this issue. The decision gives the Justice Department increased power to bring more aggressive FCPA prosecutions and sets the benchmark for all other FCPA cases going forward.
Arnstein & Lehr Miami Partner Ronald Fieldstone spoke on May 14 at the 5th Annual EB-5 Investment Boot Camp, hosted by Mr. Brian Su, CEO Business Group, Inc., at the Hilton Los Angeles/San Gabriel. Mr. Fieldstone participated as a panelist on the topic “Structuring safe and SEC compliant offering documents.” The boot camp was a one-day event presented by Artisan Business Group and elite speakers for new and experienced immigration attorneys, project developers, regional center executives and others interested in attracting EB-5 investors from the People’s Republic of China and Chinese communities around the globe.
George L. Chimento, Gary M. Feldman, Paul L. Feldman, Brian L. Gaudet, and Tamsin R. Kaplan Selected 2014 Chambers USA Leaders in their Field
Chambers USA announced that five Davis Malm attorneys, George L. Chimento (Employee Benefits and Executive Compensation), Gary M. Feldman and Tamsin R. Kaplan (Labor and Employment), Paul L. Feldman (General Commercial Litigation), and Brian L. Gaudet (Tax) have been recognized as leaders in their fields for exceptional work in their respective practice areas.
On Thursday, the House passed the USA Freedom Act, a bill that is intended to stop the U.S. government’s mass collection of Americans’ phone records. The bill, which has the support of President Obama, passed by a wide bipartisan margin: 303 to 121.
Many privacy advocates, however, are unhappy with the bill, which underwent substantial last minute changes. Critics say the bill contains a number of loopholes and vaguely defined provisions that the government could use to maintain its current spy powers. The measure will now move to the Senate for review, where powerful lawmakers have also noted concerns about the House’s version.
The Senate this week approved House Bill 483, the major portion of Governor John Kasich’s Mid-Biennium Review (MBR) legislation. Prior to the full Senate vote, the Finance Committee added a 700-page omnibus amendment to the proposal that removed many of the appropriations previously included and replaced them with additional tax relief.
As the new Prime Minister (elect) is all set to take charge on 26th May 2014, the expectations are running high. Looking at the overwhelming mandate and a historic win, the people of India have all the right reasons to believe that “achhe din” (good days) are to follow as Mr. Modi swears in as the 14th Prime Minister with a backing of such an astonishing and strongest electoral mandate since 1984. The business confidence has run up as a stable government would surely improve the business environment in this country. The man who introduced Gujarat to the world through his biennial investors’ summit ‘Vibrant Gujarat’ now has the big responsibility to live upto the expectations of the citizens of this country who have shown faith in his potential to turn this nation to a “Vibrant India”. Investors are convinced Modi can move things. More…