But Second Circuit’s Reversal of Defendants’ Conviction in Newman Unaffected by High Court Ruling in Salman Introduction In a much-anticipated ruling on insider trading, the Supreme Court held today, in Salman v. United States, that the disclosure of inside information by a corporate insider (tipper) to a “trading relative” (a tippee) constitutes a “personal benefit” for the tipper and is sufficient to convict a direct or indirect tippee who also trades on the information and knows about the intra-family “gift.” The...

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California has a rich set of State-based incentive programs that target retention of existing businesses, growth of targeted industries and attracting companies outside of the state One special program that encompasses the State's plan is the California Competes Tax Credit (CCTC). The California Competes Tax Credit is a discretionary income state tax credit available to companies in California that are growing, as well as national or global companies that are planning to expand, relocate or grow in California.     About NYGC: For over 15 years, NYGC has awarded $750...

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For years, Lewis Silkin has established itself as one of the UK’s leading law firms, renowned for providing practical, market-leading advice to clients around the globe and across a range of industries and sectors. At the heart of our vibrant business have always been our clients and our people, both of which we feel make us unique in a highly competitive and ever-changing legal services marketplace.   As the next step in our journey, we are pleased to share with you...

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We’re often asked what to watch for when reviewing or negotiating US term sheets. Below are five key concepts non-US founders — and founders generally — should understand. Note that this discussion assumes investment into a US holding company. Investments into UK or other non-US holding companies will present similar issues, but with some differences due to the nuances of the applicable non-US law. Valuation and Total Financing Amount Founders need to intimately understand valuation. Simply put, your startup’s valuation is what a group of reasonably...

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Newport, R.I. – The current heated debate over international trade is the outcome of a flawed public policy and political framework. With growing public sentiment against trade and political leaders on both the left and right opposing international trade agreements, the United States needs a new approach to international trade that addresses the inequities many believe damage America’s national interest while preserving the good that trade does in the world. In a new report from the Pell Center at Salve Regina...

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NEW YORK, NY, USA -  This time of year is always a period for reflection, and even more so it is a time to look to the future, which is our focus here at Headquarters. The World Trade Center Association is looking forward to all of the exciting changes and enhancements they are planning for Members in the new year, and even more anxious to get started. But of course none of that is possible without the financial contributions of our...

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Ofcom chief Sharon White's comments follow the regulator's push this week for a legal separation of BT's Openreach The U.K.'s exit from the European Union will create room for reinforcing M&A rules that can address loopholes and complexities missed under the European Union law, the country's telecom and broadcasting watchdog said. "Brexit means that some future mergers and takeovers involving U.K.-based companies would be presided over by U.K. regulators, based on domestic merger law," Ofcom chief Sharon White said in a...

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