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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 Business Law Update 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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In the latest edition of Business Perspectives, Frank Chaiken, Corporate Transactions &amp; Securities practice group leader, reflects on our rapidly changing technological environment – with curiosity and cautious optimism. <a href="https://www.thompsonhine.com/insights/ai-robot/" target="_blank" rel="noreferrer noopener">Read the article.</a>

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The Future Is Now – Artificial Intelligence and Transactional Law Practice

This article provides a high-level discussion of some of the newer legal technology tools and their use cases for due diligence, research and the preparation of purchase agreements and closing documents, particularly in M&amp;A transactions, as well as some of the issues that may arise. <a href="https://www.thompsonhine.com/insights/the-future-is-now-artificial-intelligence-and-transactional-law-practice/" target="_blank" rel="noreferrer noopener">Continue reading.</a>

How to Use Rising Interest Rates to Your Company’s Advantage

While rising interest rates may make buyers and sellers nervous about consummating transactions, there are ways in which M&amp;A attorneys can utilize the higher interest rates to benefit both their buy- and sell-side deals. <a href="https://www.thompsonhine.com/insights/how-to-use-rising-interest-rates-to-your-companys-advantage/" target="_blank" rel="noreferrer noopener">Read more.</a>

They Are Coming and You Need to Be Prepared – Regulations and the Use of AI and Machine Learning in Business Decision Making

As companies increasingly use consumer data and artificial intelligence (AI)- and machine learning (ML)-enabled analytical models to make business decisions, regulators in the United States, European Union and around the globe are weighing in. In this article we offer a few suggestions for companies and their data technology teams to consider in order to stay ahead of the evolving AI/ML requirements. <a href="https://www.thompsonhine.com/insights/they-are-coming-and-you-need-to-be-prepared-regulations-and-the-use-of-ai-and-machine-learning-in-business-decision-making/" target="_blank" rel="noreferrer noopener">Read the article.</a>

Held Hostage After an Owner’s Life Event – The Importance of Buy-Sell Agreements and Business Succession Planning

The lack of advance planning regarding the disposition of a departing owner’s share in a privately held company typically requires the parties involved to incur unnecessary legal costs to ensure an orderly transition and may cause significant liquidity and business continuity issues for the company. This article summarizes the key components of a buy-sell agreement, which governs what will happen to the ownership of a business following an event that causes a co-owner to leave the company, voluntarily or involuntarily. <a href="https://www.thompsonhine.com/insights/held-hostage-after-an-owners-life-event-the-importance-of-buy-sell-agreements-and-business-succession-planning/" target="_blank" rel="noreferrer noopener">Continue reading.</a>

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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.

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Business Law Update – May 2023

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