What is an “Ad” These Days?

Insight Joseph I. (“Joe”) Rosenbaum Joseph I. (“Joe”) Rosenbaum · December 13, 2017
Rimon’s internationally recognized media, entertainment and marketing Partner, Joe Rosenbaum, has now presented two educational webinars for legal professionals, highlighting the fundamental principles of law and regulation applicable to advertising, marketing and promotional activities in today’s mobile and digital world. The two

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SEC’s Latest on ICOs: If it Walks Like a Duck and Squawks Like a Duck, It’s a Security

Insight Dror Futter Dror Futter · December 11, 2017
In a powerful one-two punch on Monday, the SEC published a cease and desist order shutting down an ICO for the MUN utility token and a highly critical statement by SEC's Chairman, Jay Clayton, entitled “Statement on Cryptocurrencies and Initial Coin Offerings”.  Rimon partner Dror Futter analyzes the impact of these

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“We Never Thought of That” — When Venture-Backed Companies Undertake Reverse ICOs. Rimon’s Dror Futter writes in BitcoinMagazine

Insight Dror Futter Dror Futter · November 27, 2017
ICOs are not limited to new companies. Companies that have previously raised venture funding can do them as well — a phenomenon some have termed “Reverse ICOs.”   The standard deal documents of the venture industry (SAFEs, Convertible Notes, Series Seed and NVCA Series A) never contemplated Reverse ICOs.  Rimon

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Changes in Tax Policy in Europe Will Impact U.S. Companies in the Digital Economy

Insight Claudio Palmieri Claudio Palmieri · Stephen Díaz Gavin Stephen Díaz Gavin · November 26, 2017
The increasingly digital nature of the world economy is changing not only models of commerce, but also how governments seek to tax economic activity that is conducted over the Internet.  How does the government of country Y tax the company that is physically located in country X, sells goods or services in country Y and then declares its

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AT&T’s Multibillion Dollar Purchase of Time Warner Might Fail for Not Involving FCC

Insight Stephen Díaz Gavin Stephen Díaz Gavin · November 21, 2017
Last year, AT&T proposed an acquisition of Time Warner under which AT&T will acquire Time Warner in a stock-and-cash transaction valued at $107.50 per share. The two parties had structured the deal so that no airwave licenses would be transferred, thus avoiding review by the FCC. However, by avoiding the public scrutiny of

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Spoiler Alert:  ICOs – The “Good Times” May Be Ending

Insight Dror Futter Dror Futter · November 16, 2017
Two recent events suggest that the “Wild West Period” for ICOs may be drawing to a close. Recent statements by SEC Chairman, Jay Clayton, strongly suggest more SEC action to come and the first class-action suit related to an ICO has been filed. Click here to read Dror Futter's analysis. Mr. Futter has more than 20 years of

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CFPB Director Cordray Announces Resignation

Insight John R. Mussman John R. Mussman · November 15, 2017
Consumer Financial Protection Bureau Director Richard Cordray has announced his resignation.  Although not unexpected, his move may have far-reaching ramifications on the regulatory landscape in consumer finance and residential lending. You can read more here. John Mussman is a leading banking and financial services

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Second Circuit Opines on Cramdown Interest and Make-Whole Premiums

Insight Douglas J. Schneller Douglas J. Schneller · November 13, 2017
Creditors, secured lenders and debtors take note: the United States Circuit Court of Appeals for the Second Circuit has spoken on how to determine the appropriate “cramdown” interest rate for replacement notes issued to senior lien holders, and whether noteholders were entitled to the “make-whole” premium under the

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Summary of the Tax Cuts and Jobs Act prepared by the US House of Representatives Committee on Ways and Means

Insight Susan F. Klein Susan F. Klein · Lisa Weinstein Burns Lisa Weinstein Burns · November 02, 2017
Below is a summary of the Tax Cuts and Jobs Act prepared by the US House of Representatives Committee on Ways and Means was distributed on November 2.  The Summary is sparse on details especially with respect to the taxation of pass-throughs (partnerships, limited liability companies and S corporations) and the taxation of foreign income

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Primer on the IRS Partnership Audit Rules and How to Approach Them for Your Partnership

Insight Melinda Fellner Bramwit Melinda Fellner Bramwit · November 02, 2017
In November of 2015 Congress replaced the rules governing audit procedures for partnerships (generally known as the TEFRA rules, for the Tax Equity and Fiscal Responsibility Act). These new rules are in the spotlight now because they are generally effective for partnership years beginning after 2017, and from a practical perspective, most

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