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CardXX Acts To Protect Its Patent Rights In Advanced Smart Card Technology

News July 18, 2013
(Seattle, Washington) July 17, 2013 -- CardXX, Inc. (Symbol CXCQ) has sued Dynamics Inc. and other Defendants for patent infringement in the U.S. District Court for Seattle. The lawsuit, filed earlier this month, alleges that Defendants infringe several claims from two of CardXX's patents (U.S. Patent Nos. 8,012,809 and 8,324,021) covering

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New SEC Rule 506(c) Allows General Solicitation as Long as “Purchasers” are “Accredited Investors”

News July 11, 2013
The Securities and Exchange Commission has published its final rules eliminating the prohibition against "general solicitation". It created a new section to Rule 506, Rule 506(c) which provides that an exemption from the registration requirements is available even if an issuer uses general solicitation so long as all "purchasers" are "accredited

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Rimon, P.C. Adds Trust and Estates Group Headed by Scott Ross in Palo Alto

News July 02, 2013
(Palo Alto) July 2, 2013 – Rimon, P.C. welcomes a new trust and estates group, headed by Scott Ross, who has nearly two decades of experience handling highly-complex trust and estates issues, to its Palo Alto office. The group joins Rimon from Beck Ross Bismonte Finley LLP, where Mr. Ross was a name partner. Mr. Ross’s group

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Robin Powers Provides Guidance on the Cost of Central Clearing of OTC Derivatives

News June 24, 2013
Robin Powers provides guidance in Markets Media's June 21st article entitled "The Cost of Central Clearing". Robin states, "The buy side have made it through the first deadline, i.e., the beginning of central clearing, but as products become more clearable there will be additional networking, technology and operations requirements. The

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Supreme Court Frees Retailers to Import Goods Without Permission of Copyright Owners

News June 06, 2013
Wade Savoy's article titled "Supreme Court Frees Retailers to Import Goods Without Permission of Copyright Owners" is featured in Chain Store Age. In particular, Wade discusses the Supreme Court's recent ruling that copyright owners cannot stop the importation of goods lawfully made and sold in foreign markets, freeing retailers to

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Rimon, P.C. Adds Cross-Border Transactions Partner Juan Zúñiga in San Diego

News June 05, 2013
(San Diego) June 5, 2013 – Rimon, P.C. has added international transactions attorney Juan E. Zúñiga, who has worked on cross-border deals throughout Latin America and in over 60 countries, as a partner in the firm’s new San Diego office. Mr. Zúñiga is joined by his associate, Angela Gonzales. In five years,

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The Impact of AIFMD on Marketing Alternative Investment Funds in the EU

Insight Mark Diamond Mark Diamond · May 28, 2013

Marketing to the EU by US Fund Managers and Third-Party Marketing Under AIFMD

The EU Alternative Investment Fund Managers Directive (“AIFMD”) goes into effect on July 22, 2013.  AIFMD regulates the marketing of alternative investment funds (“AIFs”) in the EU, directly or through third-party marketers.

Summary of AIFMD

Under AIFMD, EU alternative investment fund managers (“EU AIFMs”) may obtain a passport to market EU funds throughout Europe.  The pan-EU passport limits marketing to “professional investors” and, therefore, precludes EU AIFMs from marketing to retail investors.  (Retail investors may be able to purchase so-called “UCITS funds” which are not considered to be AIFs and are subject to a separate EU regulatory regime.)  EU AIFMs can, subject to certain equivalency requirements, begin marketing their non-EU funds in Europe under the passport beginning in 2015.  However, non-EU alternative investment fund managers (“non-EU AIFMs”) will not be eligible to use the pan-EU passport until at least July 2015.  Accordingly, from 2013 to 2015, European managers will enjoy a large competitive advantage because they alone will be able to market EU alternative investment funds to European investors under AIFMD.

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The Three Regulatory Changes Addressed by Dodd-Frank Protocol 2.0

Insight Robin Powers Robin Powers · May 22, 2013


DF Protocol 2.0 (or the March DF Protocol) is intended to address the requirements of three rules finalized in the latter half of 2012, too late to be covered by the August DF Protocol. More specifically, DF Protocol 2.0 addresses (a) the end-user exceptionto the clearing requirement for swaps; (b) the clearing requirement determinationthat mandates clearing for certain classes of interest rate swaps and credit default swaps; and (c) the rule entitled “Confirmation, Portfolio Reconciliation, Portfolio Compression, and Swap Trading Relationship Documentation Requirements for Swap Dealers and Major Swap Participants.”

The structure of, and adherence process for, DF Protocol 2.0 is similar to that of the August DF Protocol. Adhering parties must complete and deliver to each of their counterparties a Protocol Questionnaire, which, among other things, provides certain identifying and contact information, identifies whether the adhering party falls into certain regulatory categories established in the Commodity Exchange Act (CEA) and in Commodity and Futures Trading Commission (CFTC) regulations, and specifies whether the adhering party wishes to avail itself of certain exceptions or exemptions from the applicable CFTC rules. DF Protocol 2.0 is independent of the August DF Protocol. Adherence to the August DF Protocol does not imply or require adherence to DF Protocol 2.0 (and vice versa). 

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ARMA’s 2013 Annual Spring RIM Seminar in Southern California with Rimon’s John Isaza

Rimon’s John Isaza will be speaking on an interactive panel at ARMA’s 2013 Annual Spring RIM Seminar in Southern California. The panel discussion will detail some best practices for implementing RIM Governance in organizations (impact on policy, process, change management, legal/regulatory compliance, and department collaboration). Each of the

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Senate Passes Tax Collection Legislation: The Most Important Sales Tax Change in Almost 50 Years

News May 10, 2013
The United States Senate has passed a bill that will require remote retailers (including those in foreign countries) to collect sales and use taxes across the United States.[1]  The bill has the “strong support” of the White House, as well as the backing of the states, America’s largest retailers and a variety of trade

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