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☆ Raising Money on Wall Street Hasn’t Been This Hard in a Decade
▼ + stars: | 2022-11-06 | by ( Matt Wirz | ) www.wsj.com time to read: 1 min

It is quiet on Wall Street. Autumn is usually one of the busiest times of the year in finance but new stock sales, debt raises and corporate mergers all slowed to a trickle in recent weeks. The supply of cash that fuels such deals is evaporating and the slowdown likely is here to stay, bankers, investors and corporate lawyers say.

☆ Australia pathology data stolen as hacking epidemic widens
▼ + stars: | 2022-10-27 | by ( Byron Kaye | ) www.reuters.com time to read: +3 min

SYDNEY, Oct 27 (Reuters) - One of Australia's largest pathology providers said hackers stole medical data of thousands of patients, the country's second such breach in two weeks, deepening fears about how companies collect sensitive customer information. 1 health insurer Medibank Private Ltd (MPL.AX) said criminals took data of all 4 million of its customers. [ read more read moreACL said it first knew of unauthorised access to the IT system of its pathology unit, Medlab, in February and received advice that no information was compromised. 1 grocery chain Woolworths Group Ltd (WOW.AX) then revealed that the data of millions of customers using its bargain shopping website had been compromised. Australia has said it plans to fine companies up to A$50 million ($32 million) for failing to prevent data breaches, but Christie said damages awarded for thefts of medical data were typically higher than for other personal data because of non-economic harm like mental health repercussions.

☆ Rosneft's Sechin says EU proposals to cap Russian gas prices 'unthinkable'
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: 1 min

BAKU, Oct 27 (Reuters) - Igor Sechin, the head of Russia's largest oil producer Rosneft (ROSN.MM), said on Thursday that proposals by the European Commission to introduce cap prices for Russian gas were "unthinkable". Speaking at an international forum in Baku, Sechin said that Western sanctions were destroying corporate law while the refusal to buy Russian hydrocarbons is leading to an "acute energy deficit", boosting global inflation. Reporting by Nailia Bagirova and Olesya Astakhova; writing by Vladimir Soldatkin; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. midterm outcome in certain states could affect approach to energy
▼ + stars: | 2022-10-26 | by ( Laila Kearney | ) www.reuters.com time to read: +5 min

States have taken the lead on climate in recent years in the absence of federal policy. But voters in some states are now worried about rising energy costs, while other states must reckon with poor air quality and higher emissions. If it flipped, it could increase renewable energy power generation, said Troy Rule, faculty director at Arizona State University's Program on Law and Sustainability. "That could open the door for an increase in the state’s Renewable Energy Standard, which at 15% renewables by 2025, now lags far behind most neighboring states," Rule said. If Republicans win, it would "effectively eliminate the prospect of any meaningful progress on Arizona renewable energy policy over the next couple of years," Rule said.

☆ Investors file lawsuit against VW over climate-change related lobbying disclosures
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +2 min

BERLIN, Oct 20 (Reuters) - Six Volkswagen investors filed a case against the carmaker this week for refusing to discuss at its annual general meeting (AGM) whether its lobbying activities could threaten their investments, the investors said. This exposes the company, and their investments - representing around 0.1% of Volkswagen shares - to operational and reputational damage, they argued in a statement. "We share the view that aspects relevant to climate protection deserve even higher priority in reporting and are currently considering various approaches," the spokesperson added. "It is worrying that our shareholder right to contribute to the annual meeting agenda has been refused. Register now for FREE unlimited access to Reuters.com RegisterReporting by Victoria Waldersee; Editing by Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

☆ A former lawyer bought an entire Italian village and transformed it into a thriving tourist destination — here's how
▼ + stars: | 2022-10-20 | by ( Claire Turrell | ) www.businessinsider.com time to read: +11 min

Cesidio Di Ciacca bought his ancestral village in Italy in 2013 and turned it into a business. Many former residents settled in Scotland, as the Di Ciacca family did. After buying the home, Di Ciacca went on to own the entire village and run it as a business. "One year into the renovation, I started to get itchy and look at how I could buy I Ciacca," Di Ciacca said. Di Ciacca's wife, Selina Di Ciacca, suggested they make it a place of learning again.

☆ Gold rush: Lawyers are flocking to Arizona to take advantage of new rules resulting in a flood of outside investments in law firms
▼ + stars: | 2022-10-19 | by ( Jack Newsham | ) www.businessinsider.com time to read: +10 min

In 2021, Arizona changed its rules to let non-lawyers co-own law firms, many of which are highly profitable: They collectively made an estimated $320 billion in the US last year. Today, 47 states — all but Arizona, Utah, and Washington — ban anyone but lawyers from owning law firms. Some of the firms Arizona has approved have said they plan to advertise nationwide, and refer cases to other law firms that will actually do the work. Pre-settlement funding, which is one of the riskier kinds of loan for plaintiffs' law firms, often has interest rates of 12 to 20 percent, Ziser said. The UK has allowed outside investment in law firms since 2007 without major scandal, he said, but it also takes a loser-pays approach to lawsuits that can cut down on frivolous claims.

☆ Biden's surprise move to reclassify cannabis could supercharge legal weed — but it also carries big risks for companies and investors
▼ + stars: | 2022-10-07 | by ( Jeremy Berke | ) www.businessinsider.com time to read: +7 min

He announced pardons for federal cannabis possession and ordered a review of how cannabis is scheduled. While Biden's announcement stopped far short of decriminalization, he outlined three key steps:He's pardoning people federally convicted of simple cannabis possession. Biden's announcement signals that his administration — quiet on cannabis until now — will finally push for federal cannabis reform. Stifel analyst Andrew Partheniou called Biden's announcement "the most important development in US cannabis history," in a Friday morning note. If the government decides to regulate cannabis like a pharmaceutical, that could undermine the recreational cannabis industry as it currently stands.

☆ I quit a $200,000 Silicon Valley law job because it wasn't worth the toll on my mental health. Here's why I have no regrets.
▼ + stars: | 2022-10-06 | by ( Nada Shalash | ) www.businessinsider.com time to read: +6 min

Julian Sarafian, a young graduate of UC Berkley and Harvard Law School, was an ideal law candidate. He said he'd ignored symptoms of worsening mental health during his studies and focused on success. After three years at a Silicon Valley law firm, Sarafian quit and became a mental health advocate. I was a high-school valedictorian, received my undergraduate degree from UC Berkeley in just three years, and graduated from Harvard Law School at 24. I decided to start my law firm — For Creators, By Creators PC — in May 2022 and represent content creators and influencers.

☆ Delaware Freezes Out Russia-Linked Startups, Extending Sanctions’ Reach
▼ + stars: | 2022-09-29 | by ( Andrew Scurria | ) www.wsj.com time to read: +7 min

PREVIEWDelaware is now extending U.S. sanctions meant to punish Russia for its invasion of Ukraine to business ventures incorporated in the state. Blocked startups also can’t raise outside financing because they can’t amend their articles of incorporation in Delaware to issue new capital stock, according to several startup founders and their lawyers. Some startups have persuaded Delaware to restore their good standing after demonstrating that corporate officers no longer live in Russia. Blocked startups face other financial repercussions. It can’t proceed with expansion plans so long as it is blocked in Delaware, Mr. Zykov said.

☆ Get ready for 'stealth layoffs' at Big Law firms as the economy slows
▼ + stars: | 2022-09-29 | by ( Jack Newsham | Peter Coutu | ) www.businessinsider.com time to read: +7 min

But at Big Law firms, "managing out" is common, with lawyers quietly directed to look for work elsewhere. O's story stands to become more common as the economy cools and Big Law firms seek to quietly cut costs without technically laying people off. Here's how Big Law firms let people go. Most Big Law firms operate under an "up or out" system, where lawyers are either expected to make partner or leave. Big Law lets more people go and slows down hiring in tough economic timesOne point of agreement is that stealth layoffs rise in economic downturns.

☆ An ex-Morgan Stanley employee has been repping staffers with bias claims against the bank. In a new suit, a top exec is accused of 'racist rants.'
▼ + stars: | 2022-09-27 | by ( Danielle Walker | ) www.businessinsider.com time to read: +8 min

Blackburn Law, PLLC. "Essentially, Morgan Stanley gave me the seed money to start my practice," Blackburn said of his resolved legal dispute with the bank. A Morgan Stanley spokesman declined to comment on Blackburn's employment at the firm. Hornbach allegedly tasked von der Schmidt with producing the research publication in December 2019, months into his employment at Morgan Stanley. He said it was experiences at Morgan Stanley that put him on the path to being a litigator.

The Democratic-led Senate confirmed four new circuit court judges in the last two weeks, most recently U.S. District Judge Florence Pan to the powerful U.S. Court of Appeals for the D.C. By contrast, Trump had installed 69 judges at this point in his tenure. The most recent two-term presidents, Barack Obama and George W. Bush, each secured 325 Senate-confirmed judges for district courts, circuit courts and the Supreme Court over eight years. McConnell's allies say a GOP-run Senate would force Biden to pick judges who are acceptable to conservatives in order to get floor votes. Republicans ended the tradition for circuit judges in the Trump era and some liberals want to end it for district judges so that GOP senators in red states cannot block Biden’s nominees for vacancies.

☆ Startups are being squeezed as VCs seek an old dot-com-era clause to sell back their shares, according to a deals lawyer
▼ + stars: | 2022-09-21 | by ( Melia Russell | ) www.businessinsider.com time to read: +3 min

Venture capitalists are now attaching "redemption rights" to their investment offers. Signing off on these terms can put stress on startups to raise more funds or find a buyer before an investor's redemption rights set in. But as the private markets boomed, power shifted from investors to founders, and venture firms stopped seeking redemption rights. It seems redemption rights are now back on the table with the ongoing uncertainty in the private markets. As for redemption rights, Kirby tells investors it's not in their best interest to get that term.

☆ Ex-Cravath lawyer Andy Klein wants to raise $5 million for his new startup. Here's his pitch to get the Big Law lawyers who use his company's tech to also invest.
▼ + stars: | 2022-09-21 | by ( Jack Newsham | ) www.businessinsider.com time to read: +5 min

His company Reynen Court is now looking to raise $5 million using a provision of the JOBS Act. More recently, Klein, who lives in Amsterdam, has been growing Reynen Court. The company launched in 2018 with financial backing from a consortium of large law firms, including Latham & Watkins and Clifford Chance. Klein said Reynen Court really took off once he was able to persuade 20 of the world's largest law firms to begin using the platform. If the offering succeeds, Reynen Court expects to go forward with a series B fundraising next year, Klein said.

☆ Dozens of TikTokers are quietly discussing forming a creator union, but legal experts say it would be difficult
▼ + stars: | 2022-09-19 | by ( Tanya Chen | ) www.businessinsider.com time to read: +7 min

TikTok creators are discussing forming a union to try and create more protection for their jobs. The National Labor Relations Act, for example, could not force a company like TikTok to negotiate a creator union. Sunderji said that even without a union, TikTokers coming together as a collective or an association could affect change. In 2019, a group of YouTubers formed FairTube, an unofficial YouTube "union," to ask for similar demands, like more transparency around its pay and penalties. "TikTok is a great place to be discovered, but a terrible place to be a professional creator," Valkai said.

☆ 72 TikTokers are using a private Discord to talk about forming a creator union, but it's an uphill legal battle
▼ + stars: | 2022-09-16 | by ( Tanya Chen | ) www.businessinsider.com time to read: +7 min

TikTok creators are discussing forming a union to try and create more protection for their jobs. The National Labor Relations Act, for example, could not force a company like TikTok to negotiate a creator union. Sunderji said that even without a union, TikTokers coming together as a collective or an association could affect change. Multiple TikTokers in the Discord pointed to YouTube as an example of the kinds of changes that could be made. "TikTok is a great place to be discovered, but a terrible place to be a professional creator," Valkai said.

☆ UCLA's law school is offering a class on Elon Musk and all of his lawsuits
▼ + stars: | 2022-09-06 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

A UCLA law professor is teaching a class called the "Law of Elon Musk." Stephen Bainbridge, a corporate law professor at the University of California Los Angeles, has launched a class called the "Law of Elon Musk." "I thought this would be a way of really grabbing students' attention," Bainbridge told New York Magazine. Experts previously told Insider Musk's legal argument will be difficult to stand up in court. "The only thing that explains this legal battle is that it's Elon Musk and he does things his own way."

☆ Elon Musk's legal troubles are now the subject of a law school class
▼ + stars: | 2022-09-04 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

UCLA law school is offering a class called "Law of Elon Musk" on the billionaire's business dealings. Taught by corporate law expert professor Stephen Bainbridge, the course covers lawsuits against Musk. "He's generating a lot of really interesting case law," Bainbridge told NY Mag. "[Musk is] generating a lot of really interesting case law out of Delaware," Bainbridge told NY Mag about his class. "There are all these cases from different areas that all involve Musk," Bainbridge told NY Mag.

☆ The young lawyer who became the 'Don Quixote' of canceling student debt
▼ + stars: | 2021-05-29 | by ( Cezary Podkul | ) www.businessinsider.com time to read: +24 min

The victory marked the starting point for what's become Smith's raison d'être to help as many student loan borrowers as possible. But of those who did, around 60% managed to get a discharge of some portion of their student debt, Iuliano found. And thanks to a widely-held belief that student debt is categorically exempt from discharge, few are willing to take that chance. "I have $50k student debt, no degree, was a victim of attempted murder, out of work, and homeless," reads another. Austin SmithEventually, he says, he vowed to make it his life's cause to help the student loan borrowers.

Dacă doriți să deveniți investitor, atunci în timpul celor patru zile intensive veți înțelege:De ce să investiți în startup-uri în stadiu incipient, inclusiv valori de rentabilitate, ieșiri de succes și estimări de calendar. Cum să evaluați corect prezentarea, să înțelegeți costul estimat, să analizați problema și soluția, cum să determinați publicul țintă corect și piața în ansamblu. Cum să îmbunătățiți activitatea contactelor personale și să obțineți acces la startup-uri de succes într-un stadiu incipient. Agenda finală și vorbitorii sunt disponibili aiciAcademia investitorilor din Moldova va întâmpina virtual investitori și experți din Ucraina, Turcia, SUA, Bulgaria și Moldova:Olga Afanasyeva - Ex-directoare executivă a Ukrainian Venture Capital & Private Equity Association (UVCA)Andriy Sorohan - Venture Manager la U.ventures. Mai multe detalii despre prima Academie a Investitorilor din Moldova pot fi găsite în pagina de facebook și pagina web.

Persons: Olga, Svitlana, San Francisco Nikolay, Alexander Turcan, Law Stephane, Tudor Darie Organizations: Private, Capital, Turcan, Statelor Unite Locations: Moldova, Ucraina, Turcia, SUA, Bulgaria, Silicon Valley, San Francisco, Statelor, Ambasadei Suediei, Chișinău

☆ De ce merită să vizitați Academia Investitorilor din Moldova
▼ + stars: | 2021-05-18 | by ( Onixmedia Srl | ) diez.md time to read: +3 min

De ce merită să vizitați Academia Investitorilor din MoldovaLansarea primei Academii a Investitorilor din Moldova online va avea loc în perioada 20-21 și 27-28 mai 2021. Pe parcursul a patru zile, experții în investiții vă vor învăța elementele de bază ale investiției prin examinarea fondatorilor și a startup-urilor acestora. Academia investitorilor din Moldova va întâmpina virtual investitori și experți din Ucraina, Turcia, SUA, Bulgaria și Moldova:Olga Afanasyeva – Ex-directoare executivă a Ukrainian Venture Capital & Private Equity Association (UVCA)Andriy Sorohan – Venture Manager la U.ventures . Mai multe detalii despre prima Academie a Investitorilor din Moldova pot fi găsite în pagina de facebook și pagina web. Acest eveniment este organizat de către Startup Moldova, BAM, XY Partners, investitii.md, cu susținerea Agenției Statelor Unite pentru Dezvoltare Internațională (USAID), Ambasadei Suediei la Chișinău și Tekwill.

Persons: Olga, Svitlana, Louis, San Francisco Nikolay, Alexander Turcan, Law Stephane Gantchev, Tudor Darie Organizations: Academia, Private, Capital, Turcan, Statelor Unite Locations: Moldova, Ucraina, Turcia, SUA, Bulgaria, Silicon Valley, San Francisco, Statelor, Ambasadei Suediei, Chișinău

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