Page 3 - Charitable Planning News Today

On September 15, 2022, President Biden signed an Executive Order (EO) detailing certain national security risks that the Committee on Foreign Investment in the United States (CFIUS or the Committee) should consider when reviewing transactions. While the EO articulates risk factors beyond those in the statute undergirding CFIUS operations, the Committee already has been focusing on many (and…

Kephart Joins the Firm’s Wilmington Office as a Partner as Wilson Sonsini Continues to Expand to Meet Demand for Complex Transactional and Advisory Experience Wilson Sonsini Also Recently Added Former Delaware Court of Chancery Vice Chancellor Joseph Slights in Wilmington; Kephart is the 15th Lateral Partner to Join Wilson Sonsini in 2022 Contact:Wayne KesslerBaretz+Brunelle732.239.9710…

The U.S. Department of Commerces Bureau of Industry and Security (BIS) announced an expansion of existing export controls and imposition of additional sanctions against the Russian Federation (Russia) and Belarus in response to continued aggression toward Ukraine. Effective September 15, 2022, these actions are intended to "clarify and enhance the effectiveness of U.S. controls and to better…

In August 2022, Joe Slights joined the firm’s Delaware office as a partner after serving as a Vice Chancellor on the Delaware Court of Chancery—the country’s leading business court—for six years. Prior to that, Joe was a judge for the Delaware Superior Court, where he helped form that court’s Complex Commercial Litigation Division, which handles an array of important commercial and contractual…

On September 7, 2022, Misfits Market, the online grocery platform driven by accessibility, affordability, and sustainability, announced the acquisition of online grocer Imperfect Foods. The planned acquisition will unite both brands to deliver a better, more sustainable grocery experience. Wilson Sonsini Goodrich & Rosati advised Misfits Market on the transaction.Imperfect Foods, a company founded…

On August 30, 2022, the California legislature passed the California Age-Appropriate Design Code Act (the Act). Modeled after the UKs Age-Appropriate Design Code, Californias act drastically changes the landscape of online privacy and content availability for minors in California. The Act goes beyond the current federal protections of the Childrens Online Privacy Protection Act (COPPA) and…

Throughout the life cycle of a company, and especially during the leaner early start-up stages, corporate actions that are defective due to failures to obtain the correct board or shareholder votes, errors in the approval process, or failures to make filings with the applicable Secretary of State are not uncommon. These defects, while detrimental on their own, can also call into question the…

On August 24, 2022, the California Attorney General (AG) announced the entry of a final judgment to resolve claims that makeup retailer Sephora violated the California Consumer Privacy Act (CCPA). Notably, this is the California AGs first enforcement action resulting in a fine and settlement under the CCPA. The California AG alleged that Sephora violated the CCPA by failing to disclose that it…

Addition Reflects the Continued Growth of the New York Office and High Demand for Transactional Experience Among Life Sciences Clients Contact:Wayne KesslerBaretz+Brunelle732.239.9710 Mobilewkessler@baretzbrunelle.com PALO ALTO, CA (August 25, 2022) – Wilson Sonsini Goodrich & Rosati, the premier provider of legal services to technology, life sciences, and growth enterprises worldwide, announced…

This month, important amendments to the Chinese Anti-Monopoly Law (AML) came into force. Implementing regulations are now being finalized which will provide further detail on each set of changes.1 The Chinese antitrust regulator, the State Administration for Market Regulation (SAMR), has concurrently proposed higher revenue thresholds for merger filings, with the final text expected by the end of…