Administrative

https://medium.com/media/d1a422b4b960674ae1cd047f030a6949/href Non–fungible tokens (NFTs) have been making big headlines for months, including significant transactions in the sports, arts, entertainment, and gaming industries, and also in the broader business world. For those interested or already operating in the world of NFTs, there are myriad legal issues to be considered in any NFT initiative. Key Takeaways from the Webinar: While anyone can create an NFT, there are a lot of legal issues to consider. Before creating an NFT, you need to ensure you have the rights to incorporate the intellectual property that is in the NFT, including any copyrights and trademarks. When creating…
https://medium.com/media/d1a422b4b960674ae1cd047f030a6949/href Non–fungible tokens (NFTs) have been making big headlines for months, including significant transactions in the sports, arts, entertainment, and gaming industries, and also in the broader business world. For those interested or already operating in the world of NFTs, there are myriad legal issues to be considered in any NFT initiative. Key Takeaways from the Webinar: While anyone can create an NFT, there are a lot of legal issues to consider. Before creating an NFT, you need to ensure you have the rights to incorporate the intellectual property that is in the NFT, including any copyrights and trademarks. When creating…
Since late 2019, when the special purpose acquisition corporation, or SPAC, returned to the public markets with a new twist, a circus of activity has breathed new life into the markets for privately-held emerging growth companies, forcing open a large window for public exits not seen in decades. In this “SPAC 2.0 boom,” sponsors of SPAC vehicles first raised large pools of blind capital in the public markets and then struck deals to buy emerging growth companies for ~10x the cash raised plus rollover equity and a second pile of cash in the form of a PIPE. What is a PIPE,…
On August 19, 2021, the Second District Court of Appeal decided Save Our Access-San Gabriel Mountains v. Watershed Conservation Authority (Aug. 19, 2021, No. B303494), upholding an EIR’s finding of no significant impact under CEQA, where a project’s reduction in parking protected the environment, rather than adversely affected it. The case involved a project in the Angeles National Forest to “provide recreational improvements and ecological restoration to address resource management challenges with a focus on reducing impacts along the most heavily used section of the [San Gabriel] river.” The area was already heavily used for recreation. Visitors historically parked in the…
Looking into the Future of a Legal Metaverse? This article was written by Louis Lehot, a business and technology lawyer at Foley & Lardner LLP in Silicon Valley. The Transform Technology Summits start October 13th with Low-Code/No Code: Enabling Enterprise Agility. Register now! Initially coined in 1992 by Neal Stephenson, the term “ metaverse” comes from his sci-fi novel, Snow Crash, in which humans interact with each other via avatars rendered in three-dimensional virtual space. As Matthew Ball, the former head of content at Amazon, stated, “The metaverse is a persistent, synchronous and live universe that spans both the digital and…
The D.C. Circuit recently held public employees’ browsing history is not an “agency record” subject to the Freedom of Information Act (“FOIA”). (Cause of Action Institute v. Office of Management and Budget (D.C. Cir. Aug. 20, 2021, No. 20-5006) ___ F.4th ____ [2021 WL 3699794] (Cause of Action Institute).) Cause of Action Institute sued the Office of Management and Budget (“OMB”) and the Department of Agriculture (“USDA”) to obtain browser histories of the OMB Director, the OMB’s Associate Director of Strategic Planning and Communications, the Secretary of Agriculture, and the USDA Director of Communications. Under FOIA, an “agency record” is…
Louis Lehot Discusses Technology Innovation with Delegation of Belarussian Human Rights Louis Lehot is an emerging growth company, venture capital, and M&A lawyer at Foley & Lardner in Silicon Valley. Louis Lehot, a corporate and technology law partner with leading global law firm Foley & Lardner LLP in Silicon Valley, recently visited with a delegation of Belarussian human rights activists, including Mrs. Sviatlana Tsikhanouskaya, who ran in the 2020 Belarussian presidential election as the main opposition candidate. The group, which also included leading academics, entrepreneurs, investors, and thought leaders, convened in Silicon Valley to explore ways to create vibrant economic…
By Louis Lehot, business and technology lawyer at Foley & Lardner LLP in Silicon Valley The Bitcoin rollercoaster has brought a lot of attention to cryptocurrencies over the past year, but you still can’t pay your taxes with them. Aside from some state-level moves to accept cryptocurrencies, taxes must still be paid in the U.S. dollar. And yet, as more businesses go through their own digital transformations, many have been wondering when the economy will experience its own digital paradigm shift. The idea of a digital dollar is not new. Digital currencies have been discussed for decades, and some even…
New team members, new deals, news from the Global Silicon Valley Friends, Welcome back. As always, the tech world is constantly moving, constantly changing. Today, I have highlights from rocketry rivalry to how AI and smartphones can transform healthcare. There are lots of exciting things happening. But first, some news at home… Welcome André Thiollier and Ashley Youn-Jae Lee Foley & Lardner welcomes André Thiollier, who joins the firm as a partner in Silicon Valley, bringing significant cross-border experience to the firm and to our team. André primarily represents Latin American companies, both early-stage and late-stage, and private equity funds in countries including…
Although cannabis is legal in California, it remains illegal under federal law. This controversy hamstrings cannabis businesses, as they are unable to use the services of federally regulated banking institutions and must do business in cash, creating risks for them and everyone they do business with — including local governments. Most banks avoid doing business with the cannabis industry to avoid federal regulations and penalties tied to cannabis, although a few banks and credit unions have taken the risks associated with serving this market. In California, some of that risk was mitigated by last year’s A.B. 1525 (Jones-Sawyer, D-Los Angeles),…