Summary The Small Business Administration (SBA) adopted revisions to its regulations, loosening its prohibition on small business investment companies (SBICs) investing in passive businesses. Under the revised regulations an SBIC can now structure its investments through a second passive holding Continue Reading
Private Equity Websites and General Solicitations: A Case of Overzealous Hypersensitivity?
It’s a well-settled law of physics: for every action, there’s a reaction. In some cases, there’s overreaction – generally best avoided, but a phenomenon to which many private equity funds may have fallen victim. Here, we examine ways that private funds can utilize their websites and generally market Continue Reading
Online Brand Enforcement – A New Strategy for Protecting Luxury and Fashion Brands in the Digital Space
Technology, like fashion, is always changing. For fashion and luxury brands, this means that traditional geographic boundaries for marketing, distribution and sales have been rendered largely meaningless. Fuelled by the increasing advances of the Internet for online sales and advertising, as well as Continue Reading
Flying Under the Radar—Secrecy in US Trademark Filings
Susan Goldsmith and Scott Smedresman authored "Flying Under the Radar - Secrecy in US Trademark Filings," which appeared in the February/March edition of World Trademark Review The US Patent and Trademark Office’s publicly available trademark database can make it extremely challenging to maintain Continue Reading
When Your Data Goes Viral: Insurance for Data Breaches
Is there insurance coverage when a company's data goes viral? Maybe. This article explains the traditional insurance products that may provide a policyholder with insurance coverage for data breaches, and some of the newer products available to policyholders for these risks. It also considers the Continue Reading
New Jersey Supreme Court: No Statute of Limitations for Private Claims for Contribution Under NJ Spill Act
Following principles of strict statutory construction and refusing to “unsettle a decades-long understanding in this State,” on January 26, 2015, the New Jersey Supreme Court unanimously ruled that there is no statute of limitations for private claims for contribution brought under the New Jersey Continue Reading
Private Equity: SEC Custody Rule—One Size Does Not Fit All
As a result of the Dodd-Frank Act, since 2012 investment advisers that operate pooled investment vehicles such as hedge funds and private equity funds with $150 million of assets under management became subject to the Investment Advisers Act of 1940 (the Act).1 An investment adviser that is Continue Reading
Preparing for and Recovering from Winter Storm Juno
Winter storm Juno is expected to hit this evening and last through Wednesday, impacting businesses from the Mid-Atlantic to New England. Millions may be affected by power outages and travel disruptions, and many may suffer property damage because of strong winds, coastal flooding, ice, and heavy Continue Reading
It’s That Time Again! Tax Appeals in Connecticut: Know When to File
The deadline for appealing local property taxes in Connecticut is approaching. If you are considering appealing local property taxes this year, the following is a general explanation of Connecticut’s appeal procedure and deadlines. Real and personal property is assessed as it exists on October 1 Continue Reading
Better SAFE Than Sorry? A New Way to Finance Startups
The game for fledgling companies and their investors is early-round, seed-stage financings, and there’s a new player in town. Already embraced by West Coast venture capitalists and start-ups, SAFEs – Simple Agreements for Future Equity – appear to be headed east and poised to move alongside, and Continue Reading