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Thompson Hine LLP, a full-service business law firm with approximately 400 lawyers in 8 offices, was ranked number 1 in the category “Most innovative North American law firms: New working models” by The Financial Times and was 1 of 7 firms shortlisted for The American Lawyer’s inaugural Legal Services Innovation Award. The firm has been recognized by the National Law Journal as a Legal Technology Trailblazer and featured by Bloomberg for its innovative service delivery models, which drive accuracy and predictability. The firm’s commitment to innovation is embodied in Thompson Hine SmartPaTHTM – a smarter way to work – predictable, efficient and aligned with client goals. For more information, please visit ThompsonHine.com and ThompsonHine.com/SmartPaTH.

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Read&nbsp;<em>Business Law Update</em>&nbsp;to stay up to date on legal issues that impact public and private companies on a local, national and global basis. Articles in this issue include:

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Corporate Transparency Act Takes Effect January 1

Is your company ready for CTA compliance? Business entities in the United States must begin registering their beneficial ownership and control information with the Financial Crimes Enforcement Network (FinCEN) starting January 1, 2024. <a href="https://www.thompsonhine.com/insights/business-perspectives-corporate-transparency-act-takes-effect-january-1/" target="_blank" rel="noreferrer noopener">Continue reading.</a>

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I, For One, Welcome AI: A Brief History of Artificial Intelligence &amp; What’s Next in Law Practice

In this article we reflect briefly on the history of artificial intelligence and its growing application to the practice of law. It’s a safe bet that as AI continues to develop, it will affect more areas of the legal field, and faster than one might think. <a href="https://www.thompsonhine.com/insights/i-for-one-welcome-ai-a-brief-history-of-artificial-intelligence-and-whats-next-in-law-practice/" target="_blank" rel="noreferrer noopener">Read more.</a>

Pendulum Rockets Back in Favor of Investors with New SEC Fund Regulations

Newly effective rules aim to protect investors by increasing their visibility into certain private fund adviser practices, including those related to side deals and other “preferential treatment,” borrowing arrangements, and certain fees and expenses. It remains to be seen whether the new regulations (and their associated costs) will reduce the number of new funds and further push the venture capital market toward larger, more established funds in the name of investor protection. <a href="https://www.thompsonhine.com/insights/the-pendulum-rockets-back-in-favor-of-investors-with-new-sec-fund-regulations/" target="_blank" rel="noreferrer noopener">Continue reading.</a>

While you can generally avoid a defamation lawsuit by accurately portraying real people, that will not protect you from a suit for violation of the right of publicity. <a href="https://www.thompsonhine.com/insights/the-right-of-publicity/" target="_blank" rel="noreferrer noopener">Read on</a> for an introduction to the right of publicity and more information about the risks of using an individual’s identifying features without their permission.

Environmental, Social &amp; Governance (ESG)

Don’t Count ESG Out: Alive and Well in 2024

With all of the anti-ESG legislation being enacted and the increase in greenwashing, diversity, environmental justice and shareholder litigation, companies have been asking whether ESG is still a driving force for business. This article provides the answer (spoiler alert: YES!) and outlines 10 ESG-related items for companies to monitor in 2024. <a href="https://www.thompsonhine.com/insights/dont-count-esg-out-alive-and-well-in-2024/" target="_blank" rel="noreferrer noopener">Continue reading.</a>

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<em>This newsletter may be reproduced, in whole or in part, with the prior permission of Thompson Hine LLP and acknowledgement of its source and copyright. This publication is intended to inform clients about legal matters of current interest. It is not intended as legal advice. Readers should not act upon the information contained in it without professional counsel. This document may be considered attorney advertising in some jurisdictions. </em>

Business Law Update – December 2023

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