Innovation and Trends

• The Qualified Opportunity Zone Program: Thoughts on the Long-Awaited Treasury Guidance

  11.14/Alert

  Section 13823 of the Tax Cuts and Jobs Act, P.L. No. 115-97 (2017) added Sections 1400Z-1 and 1400Z-2 to the Internal Revenue Code of 1986, as amended (the “Code”). These provisions created the Qualified Opportunity Zone (“QOZ”) program that has recently generated such a wave of media attention that one might surmise President Trump had sent an angry late-night tweet about it.

• Pillsbury's Post-Election Outlook

  11.07/Alert

  The 2018 Midterm Election played out as most poll forecasters speculated. Although several races have yet to be decided, Republicans have retained control of the Senate, but lost at least 29 seats, allowing the Democrats to wrest back control of the House for the first time since 2010.

• 2018 Election Night Guide

  11.02/Article

  Pillsbury’s Political Law and Public Policy groups break down the need-to-know numbers for this year’s election. Pillsbury’s biennial Election Night Guide examines the potential outcomes for the 2018 Congressional and Governor’s races. Our Public Policy team is also preparing a post-election guide that will be useful in navigating potential changes in Congress.

• The Fiscal Year 2019 NDAA Imposes Government-Wide Limitations on the Use of Lowest-Price Technically Acceptable Procurements

  08.29/Alert

  Introduction
  The annual Department of Defense (DoD) authorization bill has long been used to impose government-wide procurement reforms that extend beyond the DoD. The recently enacted National Defense Authorization Act (NDAA) continues this tradition, by restricting civilian agencies’ use of the much-derided lowest price, technically acceptable (LPTA) procurement process, instead of the more fulsome best value trade-off process. The new NDAA now imposes limitations on the use of LPTA procurements that were previously imposed on the DoD and applies those limitations government-wide.

• Real Property Transfers Ripe for Blockchain Disruption: Laws in the U.S. Must Follow the Technology

  04.17/Article

  When we consider the core goal of the real property recordation system in the United States—assuring owners that they are gaining clear title to a particular parcel of real property—the benefits of a blockchain-based system are so glaring that movement in this direction seems inevitable.

• Blockchain Variations: Sidechains, Slidechains and the Potential of the Fork

  04.09/Blog

  As an ever-increasing numbers of blockchain-based patent applications seek issuance, savvy inventors and practitioners continue probing for patent-eligible space. Performance-related refinements to blockchain technology may provide that safe harbor.

• Artificial Intelligence: A Grayish Area for Insurance Coverage

  04.02/Blog

  Companies that depend on artificial intelligence need to carefully evaluate potential scenarios that could affect their business and make sure they are insured accordingly.

• Blockchain and the Legal Landscape

  03.26/Video

  In this video, Pillsbury partner Mercedes Tunstall discusses some of the important legal issues to consider when exploring a blockchain solution.

• Oh No, Mr. Robot Just Hacked Our Smart Building…

  03.26/Blog

  Despite some very real-world examples, such as a 2017 breach of Dallas' emergency siren system, there seems to be little recognition of the security risk that connected buildings and smart cities entail.

• Gibraltar’s Financial Services Regulator Adopts First-Ever Purpose-Built Blockchain Regulations

  02.06/Alert

  Firms in Gibraltar which use distributed ledger technology to store or transmit value belonging to others must now be appropriately licensed. What other countries might follow suit?

• Cloud Computing by EU Financial Institutions Gets a New Rule Book

  01.23/Alert

  EU Financial institutions take note: the European Banking Authority’s new cloud computing guidance takes effect July 1, 2018.

• The SEC’s Shutdown of the Munchee ICO

  01.02/Alert

  The SEC’s recent shutdown of Munchee Inc.’s planned initial coin offering illustrates just how murky the related securities law can be. To see an offering through—and ensure compliance with the Securities Act—businesses exploring an ICO should consider its Rule 506(c) and Regulation A provisions.

• The Algorithm Did It: The Evolving Legal Landscape of the Internet’s Favorite Tool

  12.19/Blog

  There are no shortage of practical, legal considerations for businesses that employ algorithms.

• Are Smart Contracts Smart Enough for the Insurance Industry?

  11.20/Blog

  Smart contracts may be the way of the future but when it comes to insurance policies, are they smart enough?

• Legal issues in Additive Manufacturing Technology – peeling back the layers

  11.13/Blog

  As a result of dropping costs and advancing technologies, 3D printing and other forms of additive manufacturing (AM) have experienced rapid growth. A clearer regulatory framework seems sure to follow.

• Initial Coin Offerings (ICOs): The Current State of Play

  11.08/Alert

  ICOs represent a new and innovative way for companies to raise capital but sponsors still need to ensure regulatory compliance. Here's what you need to know.

• Global In-House Centers in India, v 2.0

  10.19/Alert

  Recent years have seen a resurgence of interest in Global In-House Centers (GICs) in India across a wide range of industries, including transportation, telecom, media, manufacturing, medical devices, oil & gas, aerospace, retail and hospitality. Despite India’s attractive low-cost talent pool, ultimate success with GICs depends on careful planning and execution—including committing necessary resources and understanding the country’s unique requirements.

• ARC Dispute May Mean Further Delay in Needed Drone Regulation

  10.19/Blog

  The Unmanned Aircraft Systems Identification and Tracking Aviation Rulemaking Committee has failed to reach consensus on issues described as fundamental for operations over people and operations beyond the visual line-of-sight (BVLOS). The UAS industry is growing rapidly but If users are to capitalize on this opportunity, the FAA will need to get serious about catching up.

• Singer v. Newton: Making Sense of Federal Preemption and Drone Regulation

  09.29/Blog

  A recent federal court decision limits state and local governments’ ability to regulate drones in areas preempted by federal law. The Massachusetts Federal District Court held that local regulations may not conflict with FAA regulations regarding registration, permitted flight or restricting flight within navigable airspace.

• Keeping up with Cayla: Concerns over Interactive Toys Spur an FTC Update of COPPA Guidelines

  07.24/Alert

  Consumer groups have filed a complaint alleging that My Friend Cayla, an internet-connected doll, violates the Children’s Online Privacy Protection Act (COPPA) by facilitating the collection of children’s communications and uploading them for commercial use without verifiable parental consent. The Federal Trade Commission’s June 2017 update to COPPA added internet-connected toys, children’s products that collect personal information, and voice-activated devices to the products and services covered.

• The Safe DRONE Act of 2017: The Newest Drone Bill on the Block

  06.29/Blog

  In June 2017, U.S. Senators introduced the Safe DRONE Act of 2017, one of a number of bills aimed at addressing the regulatory needs of the unmanned aircraft systems (UAS) industry. Current federal efforts focus on keeping up with technological advancements and creating a uniform framework for UAS-related laws.

• Recognition of Smart Contracts

  06.01/Alert

  New laws and other legal developments are clearing the way for the use of smart contracts in the United States.

• How Does a Freeze in Federal Hiring Affect Patent Examination Timelines?

  03.13/Blog

  While such a hiring freeze may not have an immediate impact on patent application pendency and/or examination quality, due to the relatively high attrition rate of the patent examining corps, the examination timeline and quality may be affected in the future. In particular, technologies having greater upfront value, including internet-based technologies and platforms, and clients relying on patent portfolios for valuation will be most acutely impacted