New York Legislature Passes the LLC Transparency Act, Aims to Curb Illicit Business Activities. Introduction. New York is poised to implement the nation’s first publicly available beneficial ownership registry after the New York State Assembly and Senate passed the LLC Transparency Act[1] (the “NY Act”) last month. The bill is now bound for the desk…
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2022 by the numbers Investment and M&A Transactions
Our 2022 M&A transactions continued the 2021 trend of a heavy emphasis on sales to private equitybackedstrategic buyers vs. direct sales to private equity, by a factor of 3:1, continuing to evidence that platform transactions from prior years were executing their growth-by-acquisition strategy. A significant number of M&A transactions evidenced downward pressure on enterprise value,…
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FAQs – FTC Proposes New Rule Invalidating Non-Competition Restrictions
On January 5, 2023, the Federal Trade Commission (“FTC”) released a Notice of Proposed Rulemaking that seeks to ban employers from imposing and enforcing existing non-compete clauses. The FTC’s proposed rule would serve, with minor exceptions, as a complete ban on non-compete clauses and drastically change the employer and employee relationship as well as competition…
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DATA PRIVACY LAWS – WHAT’S NEW IN 2023?
In 2018, the European Union (“EU”) enacted the General Data Protection Regulation (“GDPR”), vastly altering the landscape of data privacy laws. With its broad scope and potentially hefty fines for non-compliance, the GDPR called for widespread change to the way data was collected, stored, transmitted, and secured. Shortly after, California passed the first major data…
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