In June 2023, the state legislature passed a bill calling for a broad prohibition on non-competes. However, on December 22, 2023, Governor Hochul vetoed the bill. The bill would have banned all non-competes and was the subject of much scrutiny and resistance. For a bill to become law in New York, it must first be passed…

New York’s Paid Family Leave Act (NYPFL) provides paid leave benefits to employees who need to take a leave of employment due to family issues. Employees are eligible if they worked for a private employer in New York State (NYS) and regularly worked 20 hours or more per week for 26 consecutive weeks or regularly worked…

TOTAL MCLE CREDIT HOURS: 1 Hour Course Description: As AI use increases in technological developments, the line between AI and intellectual property protection can appear fuzzy. In this program, Rimon attorney Kenny Glatzel offers strategies for assessing your client’s rights when it comes to inventorship involving chemical inventions, pharmaceutical inventions, and the development of mechanical…

This article, authored by Rimon partner Joseph Rosenbaum is an excerpt from the Legal Bytes Blog “How Would I Pick a Lawyer”.  To access the full article, please click here. Just like any other business, lawyers and law firms try to determine how best to attract clients, win more business and expand the business they…

No clarification in sight: detour via ECJ – Employers in Germany be aware! Two Senates at the German Federal Labor Court/BAG are in disagreement. On February 1, 2024, the 2nd Senate referred a matter to the ECJ requesting an answer to four questions on the interpretation of the EU Directive of July 20, 1998 (Directive…

If a Nevada court is right, everything you thought you knew about Convertible Notes just went out the window. A Nevada court recently ruled that an investor’s right to convert a convertible promissory note into equity expired upon the note’s “maturity date”  (see the attached). The form and structure of the Note used by the…

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…

Is it the responsibility of the financial industry to develop sustainability labels for financial products? There is a great desire for sustainability labels in the financial market. The SFDR (Regulation (EU) 2019/2088) does not provide  labeling requirements It addresses information asymmetries through disclosure requirements differentiated by product category. Sustainability preferences are complex and develop dynamically.…

On January 11, 2024, the draft bill for the “IV. Bureaucracy Relief Act” was submitted to the German Bundestag. Anyone expecting dramatic simplifications will – once again – be disappointed by the draft published by the German Government. Article 41 of the draft provides for an amendment to the Verification Act, stating that the electronic…

Rimon Partner Rodrigo Castillo Cottin, along with Associates Ana María López and Alejandra Becerra Vargas are contributing authors to The Legal 500: Private Client Comparative Guide (7th Edition). The guide covers a range of topics including tax, succession, and wealth structuring and regulations applicable in Colombia. Read the article here or download the PDF here. Rodrigo Castillo Cottin opened…