United States regulations currently impose significant restrictions on using a “finder” to raise private equity from U.S. investors and on the ability of companies to pay finder’s fees, or transaction based compensation, to unlicensed advisors who assist them with locating investors.  Generally, under U.S. rules, finders who assist in raising equity from investors in private placements must be registered as a broker-dealer under Section 15 of the Securities Exchange Act of 1934.  The prohibition on…

Under new guidance from the Small Business Administration (SBA) issued through a Procedural Notice (Notice) on Oct. 2, 2020, certain PPP borrowers may be required to seek prior consent from the SBA for a change in ownership of equity or sale of assets. Notably, the Notice addresses a change in ownership interest of the PPP borrower itself, but does not specifically address changes in ownership at the level of the borrower’s affiliates. Absent additional guidance,…

The Calcalist business journal’s 2020 Edition of Mapped Israeli Startups in New York reported that at least 350 Israel-based start-up companies have satellite employees located in the State of New York. These companies should be aware that as of January 1, 2021, New York employees will have enhanced paid sick leave rights, as discussed below by the Labor and Employment attorneys in Greenberg Traurig’s New York office. Companies with New York employees should be…

GT represents Israeli company ARKO Holdings Ltd., in connection with the execution of a business merger with Haymaker Acquisition Corp. II, a publicly traded special purposes acquisition company (“SPAC”). ARKO Holdings is an Israeli public holding company which operates in the GPM Retail and Wholesale, Finance, Real Estate for Investment and Ligad business segments. GPM, in which the company has a controlling stake, is the seventh-largest convenience store chain in the U.S. with nearly 1,400…

Congratulations to our client Portshift for being acquired by IT giant Cisco. As reported on Globes over the weekend,  the acquisition is set to close in the first half of Cisco’s FY21, followed by Portshift’s team joining Cisco’s ET&I group. Portshift is an Israeli company providing Kubernetes-native security solutions for organizations worldwide. Representing Portshift on all U.S. Labor & Employment matters is Tel Aviv Labor & Employment Shareholder Meira Ferziger. The company leverages the…

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Join GT’s Chair of the Global Patent Prosecution Group Barry Schindler,  IP & Technology Shareholder Adam Snukal and Patent Agent Dr. Mark Ruberto for the In-House IP Manager Forum Webinar “IP Issues in Different Technology Areas Leveraging AI and Big Data”. As more technology platforms and solutions are architected around an artificial intelligence (AI) foundation, businesses will need to consider both the internal and external effects on AI, particularly around intellectual property protection…