Claims Traders Beware: Another Bankruptcy Court Determines that Disallowance under Bankruptcy Code Section 502(d) Follows the Claim

On April 22, 2020, Bankruptcy Judge Sean H. Lane of the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) issued an important opinion[1] regarding claim disallowance under Section 502(d) of the United States Bankruptcy Code (“Section 502(d)”).[2] In brief, the Bankruptcy Court, like other courts including the Third Circuit Court of…

Rimon team helps self-driving startup XMotors fight against Tesla’s demands in trade secrets battle

A Chinese self-driving car startup told a California federal judge that Tesla can’t rifle through its intellectual property to bolster a trade secrets suit against a former engineer accused of downloading Tesla’s Autopilot source code before joining the Chinese startup. XMotors.ai Inc., which is not a party to Tesla’s lawsuit against former Autopilot engineer Guangzhi…

Webinar: COVID-19 Legal Watch – Top 10 Steps for Small and Medium-sized Businesses (SMBs)

Sponsor Keller Center of Princeton University Date & Time May 5th, 2020, 12 pm ET Why You Should Attend Rimon Partner, Dror Futter, spoke on “COVID-19 Legal Watch – Top 10 Steps for Small and Medium-sized Businesses (SMBs).” COVID-19 may prove to be life-threatening to many small and medium-sized businesses (SMBs). Times have changed overnight and companies…

Getting out of, delaying, modifying, or enforcing contracts as a result of COVID-19 or related government actions and restrictions

Many businesses and contracting parties are looking at the possibilities of getting out of, delaying, modifying, or enforcing contracts as a result of COVID-19 or government actions and restrictions. Typical legal issues and arguments relating to those actions include: force majeure clauses, impossibility, commercial impracticability, frustration of purpose, bankruptcy, or other possibilities. Each contract is unique, and…

Rimon’s Stephen Díaz Gavin listed on Law360’s 2020 Telecommunications Editorial Advisory Board

Rimon Partner Stephen Díaz Gavin has been selected to Law360’s 2020 Telecommunications Editorial Advisory Board. The editorial advisory board provides feedback on Law360’s coverage and expert insight on how best to shape future coverage. Read the Law 360 article here. Stephen Díaz Gavin is a Partner in Rimon’s Washington, D.C. office and coordinator of Rimon’s Affiliation Network…

COVID-19 Mexico: Baja California Orders Temporary Closure of Maquiladoras

The Secretary-General of the State of Baja California, Amador Rodriguez, ordered the temporary closure of all maquiladoras[1] as of April 16, 2020. The Secretary-General explained that this measure was taken after many companies continued operations, despite not being considered “essential” activities as defined in the order promulgated by Mexican Ministry of Health on March 30, 2020.[2]…

A First Timers Guide to Down Rounds

Remember that glorious period that seems like a lifetime ago when VC’s were competing to fund your venture and offer you the most founder-friendly terms and valuations? Well after a decade of valuations always seeming to climb “up and to the right,” the rules have changed. For most companies, their next funding round is likely…

Rimon Law welcomes Intellectual Property attorney Alan Chen as Partner in its Los Angeles office

Los Angeles — Building on its international Intellectual Property (IP) group, Rimon Law welcomes Alan Chen as Partner in its Los Angeles office. Mr. Chen joins Rimon from Zuber Lawler LLP, where he was Partner. Alan Chen’s practice focuses primarily on intellectual property and international commercial litigation. He also litigates and counsels’ clients in relation to e-commerce, privacy, franchise,…

COVID-19: Mexico Declares Public Health Emergency

On March 30, 2020, the Mexican government declared a public health emergency due to the COVID-19 pandemic. Consequently, the Ministry of Health issued new measures to suspend all “non-essential” activities until April 30, 2020 (the “Order”), and established that only those activities deemed “essential” may continue to operate. List of “Essential” Activities under the Order Activities…