| Go-To Guide: |
| President Biden’s wide-ranging Oct. 30 executive order (EO) on artificial intelligence (AI) means that companies using AI or making AI products should stay current on a wave of new government regulations and guidance in the coming year.Review upcoming best practice guidance addressing specific industries to be aware of what customers (including the government) |
Following their recent announcement regarding new partnership and global high wealth enforcement initiatives,1 the Internal Revenue Service (IRS) on Oct. 20 announced another enforcement initiative focusing on foreign corporations and the largest corporate taxpayers. Last week, IRS Commissioner Danny Werfel announced the IRS would be sending out approximately 150 compliance alerts to U.S.
Greenberg Traurig, LLP represented Sortium, a developer of AI & Web3-oriented entertainment technology, in a multimillion-dollar seed investment round.
Sortium builds immersive virtual experiences for its users by combining Generative AI and Web3 blockchain technology. They created Sortium AI, a game and virtual production creator platform, to power their flagship game: CosmoGene. The company revealed
Richard A. Rosenbaum is interviewed in a Leaders magazine article titled “Nimbler Than Ever.”
LINKS
Click the media link below to read “Nimbler Than Ever.”
ATTACHMENTS
On Jan. 24, the Federal Trade Commission (FTC) published a notice in the Federal Register revising the premerger notification thresholds for mergers and acquisitions under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (HSR Act). Also on Jan. 24, the FTC published revisions to the thresholds that trigger, under Section 8 of the Clayton
New York City Mayor Bill de Blasio announced Dec. 6 that the city will require COVID-19 vaccinations for all employees in the city’s private sector effective Dec. 27, 2021. According to the mayor’s office, this mandate will apply to roughly 184,000 businesses. All private-sector employees will be required to have received at least one dose
In February 2020, the IRS announced that it would step up efforts to contact high-income taxpayers (defined as earning $100,000 or more per year), who in prior years have failed to file one or more tax returns. The IRS’s enforcement effort in 2020 was announced, in part, in reaction to a 2018 GAO study that
Congratulations to Memic Innovative Surgery (“Memic”), an Israeli medical device company dedicated to transforming robot-assisted surgery with its proprietary technology, on completing a multimillion dollar Series D Financing Round.
Leading GT’s team as US Counsel for Memic were Bob Grossman, Chair of Greenberg Traurig’s Israel Practice; and Miami Corporate Attorney Maria Walker
Congratulations to our client Axonius for recently completing a $100 million Series D Funding Round. As reported by the media, the round was completed at a valuation of over $1 billion, making the company a new member of the prestigious Unicorn Club.
Leading this matter for GT on behalf of Axonius, a cybersecurity asset management
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