“SPAC” stands for “special purpose acquisition company,” a listing vehicle created for the purpose of taking one or more private companies (the “target”) public through a business combination (the “de-SPAC”).   SPAC activities have experienced significant ups and downs in recent years, reflecting both the cyclical nature of equity capital markets and the ongoing evolution and normalization of the…

Preparing and Legally Securing the Transaction for Founders and Investors Fundraising for a French company always takes place within a structured legal framework: organizing capital, choosing financial instruments, preparing a credible business plan, and then negotiating with investors (funds, business angels, corporations, etc.). In concrete terms, fundraising involves: Preparing comprehensive documentation on the company, subsidiaries,…

On December 19, 2025, the staff of the CFTC’s Market Participants Division (“MPD”) issued CFTC No-Action Letter 25-50 that grants no-action relief (the “No-Action Relief”) from registration as a commodity pool operator (“CPO”) and commodity trading advisor (“CTA”) for eligible investment managers1 with respect to qualifying private funds where the following conditions are satisfied: SEC…

Wealth and Law is a project of attorney Brent Nelson and guests who share their knowledge in an educational, collaborative, and innovative format, with the goal of improving access to important information for professionals and individuals. Brent Nelson is an established and respected thought leader and estate planning and tax partner at Rimon. Explore the…

New York Laws Regarding Translating Employee Materials In New York, there is no specific law that explicitly mandates that an entire employee handbook be translated into another language. However, there are several statutes and regulations that require certain policies, notices, or materials to be provided in an employee’s primary non-English language. Employers with a non-English…

Rimon Partner Patrick McCormick has co-authored the Personal Tax Planning feature “Cross-Border Issues and Planning Points — Foreign Trusts and Corporations” in the 2025 Canadian Tax Journal. The article discusses key cross-border issues for Canadians with trusts or corporations who are relocating to the United States, outlining considerations and planning points across both areas. The…

Winter weather can be unpredictable, and sometimes it forces employers to decide whether to keep the office/operations open, let people work from home, or close for the day. When you’re making that call, a few pay rules are worth keeping in mind. Non-Exempt Employees Non-exempt staff must be paid for every hour they work, whether…

NYC Tightens the Rules on Paid Prenatal Leave: What’s New In a follow-up to the New York State law enacted earlier this year, New York City has formally updated its rules under the Earned Safe and Sick Time Act (ESSTA) to incorporate state mandated paid prenatal leave — and added a number of its own…

“The 19th package will not be the last” said Kaja Kallas, Vice-President of the European Commission. The European Union reached a new milestone in its sanctions policy against Russia with the adoption, on 23 October 2025, of its 19th package of restrictive measures. Initially proposed by the European Commission on 19 September 2025, this new…

In two recent rulings, the European Court of Justice (“ECJ”) confirmed the strict and rigorous application of Section 17 of the German Employment Protection Act (KSchG): no relief for employers in the notification procedure for mass redundancies! Two Senates at the German Federal Labor Court/BAG (the 2nd and the 6th Senates) disagreed over whether errors…