We are pleased to announce that Densborn Blachly, LLP is again named a “Best Law Firm” by U.S. News & World Report and Best Lawyers. Best Law Firms are chosen for persistently impressive ratings by clients and peers as to the quality of their work, their professionalism and their integrity.
News
The Indiana Court of Appeals recently re-affirmed that the “first in time” rule determines priority between a mortgage and a mechanic’s lien on the same commercial property. Wells Fargo Bank, N.A. v. Rieth-Riley Construction Co., Inc. However, the mechanic’s lien holder continues to have the right to sell and remove the improvement it constructed.
The SEC recently adopted final rules amending Regulation A to permit eligible private (i.e., non-SEC-reporting) companies to conduct public securities offerings of up to $50 million in a 12-month period without Securities Act registration. The amendment, known as "Regulation A+", was mandated by the Jumpstart Our Business Startups Act (the "JOBS Act") and takes effect on June 19, 2015. Its aim is to promote small company capital formation by increasing the maximum amount which may be raised under Regulation A (from $5 million to $50 million), and by streamlining reporting and disclosure requirements.
Legal Update / 14.04.2015
NLRB Pulls a “Quick One” on Employers
In December 2014, the National Labor Relations Board ("NLRB") issued what many call the "Quickie Election" Rule or "Ambush Election" Rule. In short, this new rule will decrease the period of time between a union election petition and the election itself from around forty-two (42) days to as few as fourteen (14) days. The rule is set to take effect today (April 14, 2015).
Events, Firm News / 26.03.2015
Fleming to Speak on Asset Based Lending
On May 6, 2015, our own John Fleming will be speaking on handling third party relationships in asset based loan transactions. It's an all digital event, so we encourage everyone to attend. Should be an interesting talk on an interesting topic. Please see the marketing publication for more details.
Canada recently adopted a new Anti-Spam Law (CASL), which will impact U.S.-based businesses that send electronic messages to recipients in Canada for commercial or promotional purposes. CASL went into effect on July 1, 2014. Unlike the general rule in the U.S., where a sender is free to send an unsolicited email as long as the recipient may “unsubscribe,” now, in Canada, the general rule is that a recipient must proactively “opt-in” prior to the message being sent. Failing to meet the new requirements of CASL can result in a fine of up to $1 million for individuals and $10 million for entities.
Densborn Blachly is privileged to represent Indiana entrepreneurs who make, market and sell uniquely Hoosier products. A recent article by The Indiana Lawyer has profiled the successes Indiana business owners have had restoring vintage Hoosier brands. They have caused a resurgence in their retro products by capitalizing on trademarked brands that, while disappearing for a time from the shelves, were so well-established that they did not lose their cachet.
We are pleased to announce that Densborn Blachly, LLP is named a “Best Law Firm” by U.S. News & World Report and Best Lawyers. Best Law Firms are chosen for persistently impressive ratings by clients and peers as to the quality of their work, their professionalism and their integrity. Coming only seventeen months after our formation, this recognition is especially gratifying for our firm. It is an honor to keep company with the other great firms named.
Recently, our own Jim Coles was featured by Pete the Planner on a segment about the significance of protecting intellectual property. Intellectual property rights can be tricky, so feel free to follow the link to the full article to learn the difference between patents, trademarks, copyrights, and trade secrets.
US persons and companies are prohibited from doing business with blocked persons. On August 13, 2014 the Treasury Department's Office of Foreign Asset Control ("OFAC") issued revised guidance on its 50% rule for Entities Owned By Persons Whose Property and Interest in Property Are Blocked. This new guidance dramatically increases the vigilance and diligence necessary to verify that you are not doing business with an entity that is a blocked person.