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SEC's Final Regulations for Implementing JOBS Act Crowd-Funding Capital Raising
In December 2013, the U.S. Securities and Exchange Commission (SEC) issued draft regulations for implementing Title IV of the JOBS Act in order to expand the potential use of Regulation A in offerings to raise capital. The draft regulations carried forward the old Regulation A with its limit of $5 million, as a so-called “Tier 1″ offering. But because the old Reg. A was rarely used, a proposed new “Tier 2″ offering option to raise up to $50 million quickly came to be referred to as Regulation A+.
On March 25, 2015, the draft regulations were finalized. They become effective on June 19, 2015. The new regulations offer a way for an issuer to run an Internet-based, crowd-funding securities offering to both accredited and non-accredited investors. Because the SEC made significant changes in the final regulations when compared to the draft regulations, creating significant differences between a Tier 1 and a Tier 2 offering, it now seems more appropriate to refer to a “Tier 1″ offering and a “Tier 2″ offering, rather than to a “Regulation A” and a “Regulation A+” offering.
Ceiling Raised
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Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Removing Restrictive Covenants In New York
In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?
Legal Possession: What Does It Mean?
Possession of real property is a matter of physical fact. Having the right or legal entitlement to possession is not "possession," possession is "the fact of having or holding property in one's power." That power means having physical dominion and control over the property.