CLIENT SPOTLIGHT: Factory Five Racing

Factory Five Racing was founded in 1995. Over the years they have grown from a start-up business in a small garage to become the world's largest manufacturer of "build-it-yourself" component car kits. They employ a full-time crew of about 40 people, and are located in Wareham, Massachusetts (about an hour south of Boston). They make their products right here in the USA, in the heart of New England where American manufacturing was born.
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Fred and Danny Magnanimi grew up watching their father create beautiful, handcrafted jewelry in the family's Cranston, RI jewelry manufacturing business. When the boys grew up, Fred moved to New York and began working on Wall Street as an investment banker, while younger brother Danny, still enamored by the family business, stayed home. Increased competition from overseas businesses created significant challenges for the business, but Danny was confident he could find a way for the family business to evolve and thrive. This was his mission, this was his passion.
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        John Ottaviani Speaks to Lawyers About Blockchain, Virtual Currency and Smart Contracts

        Partridge Snow & Hahn partner, John Ottaviani, will speak at a Rhode Island Bar Association sponsored event titled Blockchain, Virtual Currency and Smart Contracts Basics for Lawyers on March 12, 2020. The in person event will be held at the Rhode Island Law Center in Cranston, RI. 

        Blockchain technology is a type of a broader technology known as “distributed ledger technology” or “DLT.” Today courts, legislatures, regulators, and lawyers around the globe are confronting challenges presented by DLT. To counsel clients properly, lawyers require a fundamental understanding of this technology, its promised benefits, the potential costs, and associated legal and business risks.

        This program will discuss the fundamentals of blockchain technology, virtual currency, and smart contracts, including some of the technology and nomenclature that lawyers should understand. This program also will summarize some of the legal issues using blockchain technologies and smart contracts raises, how companies in this space might be regulated federally or here locally, and discuss the efforts in Rhode Island by the state to use blockchain technology to improve or enhance state government operations.

        For more information and to register for the event, click here.