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Our EmTech Law Blog provides timely legal and business information on issues impacting companies developing or investing in new technologies, new companies, and new ideas.

 

 

Dealmakers: Managing Through Uncertainty

The COVID-19 crisis has revealed numerous legal issues that entrepreneurs and business leaders hadn’t faced before. Christian Farmakis, chairman of Babst Calland explains what c-suite executives should be thinking about, including giving a new level of scrutiny to contracts. Click here to listen. 

Tagged:  COVID-19, Commercial, Coronavirus, Corporate Law, Industry News

Babst Calland Lands 2024 Space Mission Legal Work for Astrobotic

Firm to Develop Legal/Commercial Framework for Payload Service for NASA’s Artemis Human Landing System Babst Calland today announced that under a recently announced NASA award, Astrobotic Technologies, Inc. (Astrobotic) has selected the firm to develop what could become the first-of-its-kind blueprint for commercial payload delivery to space for the Artemis human missions as well as future human-crewed space missions. Pittsburgh-based Astrobotic will be developing the commercial payload service for Dynetics (a Leidos subsidiary), one of three prime contractors (alongside SpaceX and Blue Origin) selected by NASA to design and build a commercial Human Landing System (HLS) and compete to build a privately-developed system to take the first woman and next man to the lunar surface in 2024 as part of the NASA Artemis program. Read More

Tagged:  Emerging Technology, Industry News, Innovation, Technology

How established companies can secure game-changing innovations

There is global consensus that large companies across various sectors need to innovate, be agile and anticipate new technologies, new markets and new demand cycles to stay competitive. “We are seeing a paradigmatic shift among large companies,” says Justine M. Kasznica, a shareholder at Babst Calland. “Not only are these companies seeking to attract a diverse and innovative workforce, they are pursuing business-optimizing innovation and solutions, which are often found outside their walls.” Smart Business spoke with Kasznica about how established companies are finding and taking control of technologies that set them up for a bright future. Read More.

Tagged:  Corporate Law, Due Diligence, Efficiency, Emerging Technology, Innovation, Intellectual Property

A. A. Moore Capito – Corporate Attorney

This is the third in a series of profiles featuring members of Babst Calland’s Emerging Technologies team of attorneys who provide business and legal representation on matters impacting companies developing or investing in new technologies and businesses. Moore Capito has been following the existing and new stimulus programs currently being offered. This is a time-sensitive opportunity to consider how these programs may apply to your business. Various programs are summarized here for your convenience. To schedule a private conversation to help you evaluate whether these programs are right for your company, contact Attorney Moore Capito at 304.552.8986 or mcapito@babstcalland.com. Read More. 

Tagged:  COVID-19, Corporate Law, Emerging Technology, Profile

Julie R. Domike – Environmental Attorney

This is the second in a series of profiles featuring members of Babst Calland’s Emerging Technologies team of attorneys who provide business and legal representation on matters impacting companies developing or investing in new technologies and businesses. We hope you enjoy meeting and getting to know our team. Read More. 

Tagged:  Emerging Technology, Profile

Treasury Issues Committee on Foreign Investment in the United States Review Rules

On January 17, 2020, the Treasury Department’s Office of Investment Security (Treasury) released two final rules requiring some foreign entities acquiring an interest in a US business with a national security nexus (Transaction Rule)[1] or real estate near air or sea ports or near US military installations (Real Estate Rule or, collectively, Rules)[2] to be approved by the Committee on Foreign Investment in the United States (CFIUS) before the transaction can be completed.  The Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA) required Treasury to expand the Transaction Rule—which previously required CFIUS review over only foreign investments that could result in foreign control of a US business—to include non-passive but non-controlling investments and to adopt the Real Estate Rule.[3] The Treasury implemented a version of the Transaction Rule under a 2018 interim final rule and through a pilot program requiring mandatory declarations of certain transactions involving investments by foreign entities in US businesses beginning November 10, 2018.[4]  On September 24, 2019, the Treasury issued notices of proposed rulemaking for the Transaction Rule[5] and the Real Estate Rule.[6]  The Transaction Rule replaced the pilot program beginning February 13, 2020.  The Real Estate Rule also took effect that day. Read More.

Tagged:  Corporate Law, Emerging Technology, Foreign Investment, Real Estate, Transactions

Artificial Intelligence is Transforming the Legal Industry

Artificial intelligence (AI) is adding efficiencies and transforming businesses everywhere, and legal practices are no exception. General counsels who are hiring lawyers need to understand that this technology is available now, so they can make sure their lawyers are leveraging the latest technology tools. AI can increase speed, increase efficiency and lower costs for clients—if the law firm has the right tools, but more importantly knows how to use those tools. The following are some of the common questions about advancement of AI technology in the legal space. Read More.

Tagged:  Artificial Intelligence, Corporate Law, Document Management, Due Diligence, Efficiency, Emerging Technology, Industry News, Innovation, Tech Industry, e-Discovery

Trucking Regulators Look to Alleviate Cost Increases, While Keeping Safety First

The trucking industry is still adjusting to the final transition to electronic logging devices (ELDs). Some relief may be on the horizon, however, as federal regulators consider whether to relax the hours of service requirements. “Every solution has unintended consequences, and that is exactly what we are seeing now,” says Boyd A. Stephenson, associate at Babst Calland. “The supply chain is like a balloon, where everything is interconnected. You push on one part and another piece will pop out.” Paper logbooks are left to the discretion of the driver, while ELDs record driving time automatically to ensure driving hours are strictly followed. The idea is to make the roads safer. Effective now, strict enforcement of the ELD mandate applies to all drivers, unless they operate under the short-haul rule exemption. The trucking industry is dealing with rising transportation costs and an overall driver shortage in an economic expansion. Freight volumes also grew more slowly in 2019, with trade conflicts and tariff increases taking a toll on growth. An American Transportation Research Institute survey found that the top industry concerns for 2019 were driver shortages, hours of service, driver compensation and detention or delays at customer facilities. These obstacles increase trucking costs, which get passed on to shippers that need their goods transported. Smart Business spoke with Stephenson about hours of service rules and other industry changes that businesses should be aware of in 2020. Read More. 

Tagged:  Efficiency, FMCSA, Logistics, Mobility, Regulations, Transportation

Trump Administration Partners with US DOT in Releasing New Autonomous Vehicle Guidance

On January 8, 2020, the Trump administration, in collaboration with the U.S. Department of Transportation (US DOT), issued Automated Vehicles 4.0: Ensuring American Leadership in Automated Vehicle Technologies. This is the federal government’s fourth iteration of its voluntary guidance on autonomous vehicles (AVs). So far, the US DOT’s hands-off approach to AV regulation has allowed for technological innovation while allowing industry participants and states to explore different avenues for testing AV technologies on public roads.  AV 4.0 does not disturb this approach, and instead focuses on explaining the research and development happening across the federal government and the opportunities for stakeholders to become involved. Read More. 

Tagged:  Autonomous Vehicles, Industry News, Mobility, NHTSA, Regulations, Technology, Transportation, US DOT

Legal Tech: Babst Calland & Solvaire: An AI Contract Review Use Case

Babst Calland and our technology affiliate, Solvaire, have been performing complex due diligence, discovery, and document management projects for clients for more than 20 years. Our clients look to us for due diligence guidance in the areas of acquisitions and divestitures, as well as complex corporate, commercial and real estate transactions. The firm has a long history of utilizing the latest technologies to enhance contract review. And, in the last few years, the firm has taken a deep look at AI-assisted review and its ability to enhance efficiency and reduce cost for clients. Saying that we have become “AI Believers” in the process is an understatement. After many AI tool evaluations, trials, and getting numerous AI projects under our belts, we have become our clients’ go-to resource in leveraging AI for their benefit. Read More.

Tagged:  Artificial Intelligence, Corporate Law, Discovery, Document Management, Due Diligence, Efficiency, Emerging Technology, Innovation, Technology