Rhode Island has a window of opportunity to take the national lead in the insurance industry with voluntary restructuring of solvent insurers. Due to attempts by other states and state regulators to leapfrog Rhode Island, however, that window is in danger of closing. Voluntary restructuring of solvent insurers is not a new concept, at least...
On August 10, 2018, Massachusetts Governor Charlie Baker signed into law an act relative to the judicial enforcement of noncompetition agreements that fundamentally changes the way those agreements are regulated in Massachusetts. The act applies to all noncompetition agreements entered into after October 1, 2018, so all employers that have Massachusetts-based employees who are subject...
(Editor’s Note: This is the second of a two-part column. See part 1 here.) By Alicia J. Samolis and Michael A. Gamboli As detailed in Part I, certain types of noncompetition agreements are now invalid under the new Massachusetts noncompete law (the Act). This is of course a double-edged sword for employers, who will now benefit from...
By Christian F. Capizzo and David M. DiSegna Microgrids have been gaining attention with increased frequency in recent years, and it is expected that the microgrid industry will expand quickly in the years to come. However, financing microgrids can present unique challenges due to the upfront costs of development and the overall complexity of a microgrid’s interwoven...
(Editor’s note: This is the first of a two-part column. See part 2 here.) By Alicia J. Samolis Massachusetts has recently enacted a law that will render some restrictive covenants unenforceable. The law starts by broadly defining noncompetition agreements as any agreement between a company and a worker in which the worker “agrees that he or...
By Russel J. Stein Social cause marketing, where a business teams up with a charity to promote a product or a charitable cause, has become increasingly popular over the last few years. As the holiday season approaches these types of campaigns become more visible across all types of media, including television, print and the internet....
The Tax Cuts and Jobs Act signed into law late last year created a tax incentive aimed at increasing economic development in low-income communities. Both real estate developers and investors can benefit from the new Opportunity Zone tax incentive program enacted as part of that legislation, presenting the opportunity for significant tax savings. Developers and...
By Eugene G. Bernardo II and David M. DiSegna Paragraph (b)(5) of Rule 15c2-12 (17 C.F.R. 240.15c2-12) prohibits a participating underwriter from purchasing or selling municipal securities in an offering unless it has reasonably determined that an issuer or obligated person of the municipal securities has undertaken in a continuing disclosure agreement to provide certain...
Companies that close a venture capital financing usually have multiple investors. Customarily, there will be a venture capital firm or other institutional investor that leads the investment round by investing the most money (referred to as the Lead Investor) and other investors that follow on with smaller investment amounts (referred to as the Follow-On Investors). The Follow-On Investors could...
By Alicia J. Samolis On Friday, Governor Charlie Baker signed into law An Act (the “Act”) relative to the judicial enforcement of noncompetition agreements that fundamentally changes the way noncompetition agreements are regulated in Massachusetts. The Act severely limits the use of agreements signed after October 1, 2018 which restrict an employee’s or independent contractor’s ability to...
