When tax-exempt or non-U.S. taxpayers invest in U.S. businesses, unwanted and unintended U.S. tax obligations can follow without careful planning. Blocker corporations have become a common strategy employed...
Obtaining a Phase I environmental site assessment (ESA) is essential to conducting environmental due diligence for commercial real estate transactions. The goal of a Phase I ESA is to evaluate readily...
Artificial intelligence (AI) tools and resources are inundating the news, social media, professional seminars, and inboxes. AI is part of every conversation across industries and professional services...
Do you need guidance in defending against claims brought under the recently overhauled California's Private Attorneys General Act (PAGA)? Read Private Attorneys General Act in California: Defending...
Confidently present your case in chief to the Trademark Trial and Appeal Board (TTAB) with this opening trial brief that an opposer/petitioner (plaintiff) may use in an opposition or cancellation proceeding...
A private investment in public equity, or PIPE, is an alternative to traditional capital markets transactions and a financing option for public companies. A PIPE consists of a private offering of unregistered securities exempt from the registration requirements of Section 5 of the Securities Act of 1933. A PIPE is typically structured as a private placement under Rule 506 of Regulation D. Under Rule 506, an offering can include an unlimited number of accredited investors and up to 35 non-accredited investors. Under the recent amendments to Rule 506, issuers can choose to comply with Rule 506(b), which prohibits any form of general solicitation or general advertising, or Rule 506(c), which allows for general solicitation provided that each purchaser is an accredited investor, and the issuer takes reasonable steps to verify that each purchaser is an accredited investor.
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