Pillsbury Winthrop Shaw Pittman LLP

Four Things You Should Know about New York State’s Recent Advisory Opinion on the Taxation of Software as a Service (“SaaS”)

On May 15, 2015, the New York State Department of Taxation and Finance released Advisory Opinion TSB-A-15(2)S which concluded that sales of certain cloud computing services are not subject to New York State sales and use tax…more
| Commercial Law & Contracts, Finance & Banking, Taxation

Deadline Looming for BE-10 Filing

- Mandatory reporting required by the Bureau of Economic Analysis on Form BE-10 – 2014 Benchmark Survey of U.S. Direct Investment Abroad - Investment managers, general partners, hedge funds and private equity funds are…more
| Business Organizations, Commercial Law & Contracts, Finance & Banking, International Law & Trade

Four Things You Should Know About New York's Recent Advisory Opinion on the Taxation of SaaS

On May 15, 2015, the New York Department of Taxation and Finance determined in Advisory Opinion TSB-A-15(2)S that the sale of certain cloud computing services were not subject to New York State sales and use tax. The Advisory…more
| Science, Computers, & Technology, Taxation

b Spot Named Top Start-Up by TieCon

Congratulations to b Spot, a licensed mobile games community that lets adults legally wager and win cash in the US, which has been named a TiE50 Start Up for 2015. After screening 2,716 companies worldwide, then narrowing down…more
| Art, Entertainment, & Sports Law, Commercial Law & Contracts, Communications & Media Law, Science, Computers, & Technology

China’s Tax Authority Issues New Circular to Regulate Payment to Overseas Affiliates

On July 29, 2014, the State Administration of Taxation (SAT) of the People’s Republic of China (PRC or China) released The Notice Regarding the Launch of Tax Anti-Avoidance Investigations on Remittance of Substantial Amounts of…more
| Business Organizations, Commercial Law & Contracts, International Law & Trade, Taxation

English Court Trumps Arbitration Clause in Favor of One-Stop Litigation

The English High Court in Monde Petroleum SA v WesternZagros Ltd [2015] EWHC 67 (Comm) recently decided whether a dispute resolution clause in a settlement agreement referring disputes to the English court superseded an…more
| Alternative Dispute Resolution (ADR), Civil Procedure, Commercial Law & Contracts, Energy & Utilities, International Law & Trade

Don’t Trust, Verify: What Every Business Needs to Know About Certificates of Insurance

The general rule in New York is that a certificate of insurance (COI), by itself, does not provide insurance coverage. That means that businesses that rely solely on COIs as evidence of their status as additional insureds might…more
| Civil Procedure, Commercial Law & Contracts, Insurance

DHS Breaks New Ground With Issuance of SAFETY Act Certifications for Advanced Cybersecurity Defense Systems

FireEye’s MVX and DTI Technologies become the first cybersecurity products to earn certification as “Qualified Anti-Terrorism Technologies.” The Department of Homeland Security (DHS) crossed an important barrier in late…more
| Commercial Law & Contracts, Privacy, Military Law, Science, Computers, & Technology

Take Two: DOL Reproposes Changes to Definition of Fiduciary for ERISA Plans and IRAs

This is the first in a series of client advisories regarding the Department of Labor’s re-proposed regulation on the definition of “fiduciary” under ERISA Section 3(21) and related proposed new and amended prohibited…more
| Administrative Law, Labor & Employment Law, Finance & Banking

Contracting with foreign entities and electronic signature under English Law: Getting the execution right

You've managed to agree the deal; all that's left is to sign the documents. That's the easy bit, correct? So you might think, but it is important to be careful not to slip up at this final stage, particularly when contracting…more
| Business Organizations, Commercial Law & Contracts, International Law & Trade, Science, Computers, & Technology

DOL’s Proposed Prohibited Transaction Exemption: Best Interest Contracts

This is the second in a series of client advisories regarding the U.S. Department of Labor’s re-proposed regulations (Proposed Rule) defining who is a fiduciary under ERISA and the Code as a result of providing investment…more
| Administrative Law, Commercial Law & Contracts, Labor & Employment Law, Finance & Banking

Around the Virtual World: May 4 – 8, 2015

A weekly wrap up of interesting news about virtual worlds, virtual goods, and other social media. In This Issue: - Goldman a Lead Investor in Funding Round for Bitcoin Startup Circle - Hands-on With…more
| Communications & Media Law, Finance & Banking, Science, Computers, & Technology

New York City Largely Bans Employers from Considering Consumer Credit History

On May 6, 2015, New York City Mayor Bill de Blasio signed into law a bill barring employers in New York City from discriminating against employees and applicants based on their consumer credit histories. The exceptions to this…more
| Civil Rights, Labor & Employment Law, Consumer Protection

Bitcoin Exchange Receives First License in New York State

The New York Times reports that New York State’s top financial regulator has granted the first license to a Bitcoin exchange, allowing it to open legally to customers across the country…more
| Finance & Banking, Science, Computers, & Technology

Can Regulation A+ Succeed Where Regulation A Failed?

On March 25, 2014, the Securities and Exchange Commission (SEC) adopted final amendments to Regulation A under the Securities Act of 1933, or what is now being referred to as Regulation A+. While much of the existing framework…more
| Commercial Law & Contracts, Finance & Banking, Securities Law
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