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Venture capital firms have recently been experiencing windfall gains at a record pace. While the venture capital industry is defined by a few big wins offsetting a portfolio of huge losses, the number of investments resulting in multi-billion profits has soared recently. Many […]
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The EU is spearheading an ambitious effort for regulating artificial intelligence technology. The European Commission unveiled the comprehensive set of proposals in mid-April. Among other goals, the framework seeks to limit police use of facial recognition. It also would prevent artificial intelligence deployment in ways that […]
If you own shares in one or more publicly traded companies, you have likely come across proxy voting. As a shareholder, you are entitled to cast your vote on certain matters presented at a company’s shareholder meeting.
At a minimum, public companies must solicit votes from their shareholders at least once […]
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Grab Holdings Inc., the dominant ride-hailing app in Southeast Asia, announced in April 2021 that it would be merging with a special purpose acquisition company (SPAC) that will value it at $39.6 million. It marks a milestone for the car sharing app startup, […]
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Dinah PoKempner is the former general counsel for Human Rights Watch. She recently taught a class on hate speech in legal proceedings for the Institute for the Study of Human Rights. The adjunct instructor in repeatedly said the N-word while sharing an anecdote […]
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FTX, the cryptocurrency derivatives exchange that processes approximately $10.7 billion in trades daily, has become a force to reckon with. It is one of the fastest-growing cryptocurrency exchanges in the world. Sam Bankman-Fried, the 29-year-old billionaire behind FTX, has an estimated net worth of $8.7 billion.
FTX specializes […]
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The chairs of about two-thirds of the Am Law 100 recently signed a statement denouncing voting laws that place restrictions on the right to vote. Nineteen current and former general counsel signed as well. They condemn laws that “disenfranchise underrepresented groups.”
Law.com reported that leaders of […]
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Block trades are sales of large large chunks of shares. They change hands at prices negotiated outside of the open market. Block trades are relatively common and most major broker-dealers provide block trading services. A series of high-profile block trades, both in size and magnitude, have cast […]
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The general counsel of a global technology firm is said to have disregarded the sexual harassment complaints of an employee who said she experienced “wildly inappropriate sexual advances” from her boss.
This is according to a lawsuit filed last week in New York […]
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A startup general counsel faces a wide range of challenges that may not see the door of an established company’s legal offices.
Startup general counsel are asked for more than legal advice, and they’re strategic partners and members of the senior leadership team, according to Sheri Michaels of […]
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Advising a company on the nature of regulations and enforcement has been a traditional role for corporate counsel. But some new issues have arisen as areas of concern among law department leaders. However, regulatory uncertainty and differences in regulations are headaches that corporate counsel must address on […]
Investors that own restricted shares of a privately-held company need access to a broader market to eventually sell those shares. Such investors need to have the right or ability to require the company to list the shares publicly. This would most commonly occur through an initial public offering (IPO). Shareholders […]
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Corporate counsels have plenty of things to worry about every day. One of the most basic but often troublesome areas is written business communications.
There’s plenty of litigation or a regulatory investigation that contains as a critical piece of evidence an incriminating email, text […]
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A recent article finds that in the past few years, law firms have internally adopted more technology; plus, they’ve also created their own legal tech for their clients. These can take the form of regulatory compliance portals and litigation risk management. The trend now is […]
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Exchange-traded funds (ETFs) were once a bland investment product. Cathie Wood, of Ark Capital, and the recent rise of themed ETFs has changed that dynamic. ETFs are suddenly becoming a much more fashionable investment product. Some of the trendiest themed ETFs invest in space exploration, electric […]
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There are a number of standard documents that lawyers must prepare for an initial public offering (IPO) of a company. The main document is the S-1 registration statement. The S-1 is filed with the Securities and Exchange Commission (SEC) and is publicly accessible […]
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A Chief Privacy Officer or “CPO” works in all aspects of an organization. This can include product, e-commerce, analytics, engineering, business development, human resources, customer care, public relations, advertising, and more. A Chief Privacy Officer encounters issues that come from every part of […]
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Pacaso, the startup democratizing the ownership in a second home, has now achieved a valuation of over $1 billion. Founded in October 2020, Pacaso attained unicorn status in only 6 months. This makes it the fastest startup to reach […]
