Sullivan & Worcester

Sullivan was pleased to file an amicus brief on behalf of NAIOP Massachusetts – The Commercial Real Estate Development Association (NAIOP) in the case of Attorney General v. Town of Milton. The case involves the Town's failure to comply with Section 3A of the Zoning Act (otherwise known as the MBTA Communities Law). The brief addresses the issue of whether or not Section 3A provides the sole remedy for noncompliance, and whether, and to what extent, the Attorney General’s office is authorized and has standing to enforce compliance.

The brief was written by a Sullivan team consisting of Gregory Sampson, Victor Baltera, Natasha Varyani, and Erika Dennery.

To learn more, click here: https://www.sullivanlaw.com/news/sullivan-files-amicus-brief-on-behalf-of-naiop-massachusetts

Rachael Schwartz authored the article "What The SEC Liquidity Risk Management Amendments Entail," published by Law360 [sub. req.] on September 20, 2024.

The article highlights amendments to reporting requirements on Forms N-PORT and N-CEN that were recently adopted by the Securities and Exchange Commission and provides an overview of changes that fund managers should be aware of to be in compliance by the effective dates.

To learn more, click here: https://www.sullivanlaw.com/viewpoints/what-the-sec-liquidity-risk-management-amendments-entail

Sullivan & Worcester is pleased to be hosting the National Association of State Bar Tax Sections (NASBTS) 45th Annual Meeting on October 4 and 5, 2024 in our Boston office. The event offers outstanding speakers and recognized leaders in the state and local tax field, discussing emerging issues.

Sullivan Tax Partner, Rich Jones, and Tax Associate, Caroline Kupiec, will participate in various discussions throughout the event:

"State Taxation of Nonresident Individuals – an Evolving Landscape of Vexing Issues"
October 5 at 9:00 AM - 10:00 AM EDT
Richard Jones (Moderator)

"Noteworthy Developments in State and Local Taxation"
October 5 at 11:15 AM - 12:15 PM EDT
Richard Jones (Panelist)

"Wayfair's Effect on Other Tax Types and the Current Limitations on State Taxing Power"
October 5 at 2:15 PM - 3:15 PM EDT
Caroline Kupiec (Panelist)

To learn more or register, click here: https://www.eventbrite.com/e/national-association-of-state-bar-tax-sections-nasbts-annual-conference-tickets-1002444066187

Sullivan is pleased to welcome Zachary Sobel to the firm.

Zachary represents public and private companies, underwriters, issuers and institutional investors in a broad range of capital markets transactions. Prior to joining Sullivan, he was a capital markets associate at another law firm in New York.

To learn more about him, click here to read his bio: https://www.sullivanlaw.com/zachary-sobel

Rich Jones will join a panel discussion, "Is It Time to Start Apportioning Use Taxes?," at the Council of State Taxation’s 55th Annual Meeting on September 26.

Rich's panel will explore whether a use tax can and should be apportioned especially in light of the "external consistency" test applied by courts.

To learn more, click here: https://www.sullivanlaw.com/events/is-it-time-to-start-apportioning-use-taxes-2

Michael Palmisciano presented a guest lecture to a business law class at Bentley University about trademark and copyright law for businesses. His lecture also touched on trademark and copyright issues for social media influencers and marketers, and brand protection on the internet.

To learn more, click here: https://www.sullivanlaw.com/events/trademark-and-copyright-issues-for-businesses-and-social-media

Nicole Crum will participate in a panel discussion, "Avoiding Regulatory Pitfalls: Connecting the Dots Between your Exam Findings and your Operations," at the Ultimus Registered Funds 2024 Client Summit on October 17.

The panelists will discuss recent cases, trends, and areas of risk, as well as provide suggestions for bolstering your compliance program.

To learn more or register, click here: https://www.sullivanlaw.com/events/avoiding-regulatory-pitfalls-connecting-the-dots-between-your-exam-findings-and-your-operations

Sullivan was underwriter's counsel for Roth Capital Partners and A.G.P./Alliance Global Partners in the $12 million public offering of common stock by Cibus, Inc. (Nasdaq: CBUS), a leading agricultural biotechnology company that uses proprietary gene editing technologies to develop plant traits (or specific genetic characteristics) in seeds.

The Sullivan team consisted of Ron Ben-Bassat, Brendan O'Brien, Yardenne Kagan and Joshua Stein.

To read the press release, click here: https://finance.yahoo.com/news/cibus-announces-pricing-public-offering-122500318.html

Sullivan was issuer's counsel for REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of full by-wire electric trucks and platforms, in the $45.3 million public offering of ordinary shares, in conjunction with a related collaboration agreement with Motherson Group.

The Sullivan team consisted of Ron Ben-Bassat, Tamilla Nurizada, Brendan O'Brien and Brian Hurley.

To read the press release, click here: https://finance.yahoo.com/news/ree-automotive-announces-global-manufacturing-123100456.html

Partner Geoffrey Wynne has contributed to TFG’s receivables finance hub, published as part of its recently revamped website. The updated guide enables readers to learn more about receivables finance and the different types of receivables.

The new TFG receivables finance page can be accessed here: https://www.tradefinanceglobal.com/receivables-finance/

Ojen Sirin, Chief Marketing & Talent Officer at Sullivan & Worcester, will participate in a Boston Bar Association sponsored panel discussion, "The Perks and Pitfalls of Law Firm Partnership," and Q&A on September 24 discussing the transition into a partnership role at a law firm. Ojen will be joined by several attorneys from Boston-area law firms and will cover a comprehensive range of topics. Attendees are invited to stay for a networking reception immediately following the panel.

To learn more or register, click here: https://www.sullivanlaw.com/ojen-sirin/events/the-perks-and-pitfalls-of-law-firm-partnership

Amy Sheridan, a Tax partner in Sullivan & Worcester’s Boston office, has been selected as a member of Massachusetts Lawyers Weekly’s 2024 “Top Women of Law.”

Recognized as a trailblazing tax attorney for her ability to develop leading edge solutions to evolving tax issues, Amy’s thought leadership has made her a go-to employee benefits and executive compensation lawyer. From developing compensation packages that incorporate cryptocurrency to examining how the post-Dobbs landscape impacts employers and their benefits offerings, Amy’s innovative approach places her among the nation’s top practitioners.

To learn more, click here: https://www.sullivanlaw.com/news/amy-sheridan-listed-among-top-women-of-law-by-massachusetts-lawyers-weekly

Sullivan & Worcester has been recognized by IFLR1000 in its 2024 guide, for Banking Lending - Lender Side.

The rankings are as follows:
Banking Lending - Lender Side – Notable Firm
Geoffrey Wynne - Leading Lawyer (Highly regarded)

To learn more, click here: https://www.sullivanlaw.com/news/sullivans-trade-finance-team-recognized-by-iflr1000

Nicholas O'Donnell was featured in the September/October 2024 issue of The Practice, published by the Harvard Law School Center on the Legal Profession.

In the article, Nick discusses his path to becoming one of the leading lawyers in the United States in matters concerning claims to allegedly Nazi-looted works of art.

To learn more, click here: https://www.sullivanlaw.com/news/creating-a-practice

Simon Cook will present Sullivan's next Trade & Export Finance Webinar, "Legal and Practical Issues Relating to the Financing of Trade and Related Market Developments," on October 3, 2024.

In this webinar, Simon will look at issues around risk, structuring and security, including some recent bumps in the road, and discuss developments in the market relating to how trade can be and is being financed.

Learn more or register: https://www.sullivanlaw.com/events/legal-and-practical-issues-relating-to-the-financing-of-trade-and-related-market-developments

Partner Geoffrey Wynne will participate in two panels at the 10th Annual Alternative & Receivables Finance (A&RF) Forum in London. The first session, on November 27, which Geoff joins as a panelist, will discuss “Progress on Receivables Finance as an Investible Class, Including Private Credit Interest.” The second session, on November 28, which Geoff will moderate, is on “Regulatory Opportunities and Challenges.”

To learn more or register, click here: https://www.sullivanlaw.com/events/progress-on-receivables-finance-as-an-investible-class-including-private-credit-interest-and-regulatory-opportunities-and-challenges

Ameek Ashok Ponda will speak on a panel discussion titled "Navigating Uncertainty - Economic and Political Futures in a Post-Election America" on September 24, 2024 at Sullivan & Worcester's Boston Office. Lewis Segall will moderate the lively panel discussion, highlighting varied perspectives on the potential impacts of the coming election.

To learn more or register, click here: https://www.sullivanlaw.com/events/navigating-uncertainty-economic-and-political-futures-in-a-post-election-america

Partner Simon Cook will moderate a panel session titled "Digital Transformation – From Narrative to Action” at BCR’s MENA Supply Chain Finance (SCF) event to be held in Dubai on November 5 and 6.

As the MENA region positions itself at the heart of global trade, there is an accelerated effort to digitise trade finance, creating more opportunities and providing resiliency to industries that would otherwise be impacted by supply chain disruptions.

To learn more, click here: https://www.sullivanlaw.com/events/digital-transformation-from-narrative-to-action

Sullivan was placement agent's counsel for Univest Securities, LLC in the $30 million public offering of convertible notes and warrants by Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE), a California-based global shared intelligent electric mobility ecosystem company.

The Sullivan team consisted of David Danovitch, John Riley, Chinyere Okogeri and Gabrielle Strasser.

To read the press release, click here: https://finance.yahoo.com/news/faraday-future-announces-30-million-024700699.html

Thank you to our clients and friends who joined us at our open house in New York last night! We hope you enjoyed seeing our new office space and partaking in the various treat stations scattered throughout.

In this Client Alert, Victor Baltera and Gregory Sampson discuss the two straw proposals that the Massachusetts Environmental Policy Act (MEPA) Office has released to update its climate resiliency and greenhouse gas (GHG) policies.

The proposals aim to enhance analysis during project review of climate adaptation and mitigation strategies as well as climate impacts from projects. Public comments are due by September 16, 2024, followed by a formal regulatory proposal from MEPA, with final policies expected in early 2025.

To read this alert, click here: https://www.sullivanlaw.com/viewpoints/mepa-issues-straw-proposals-to-update-climate-resiliency-and-greenhouse-gas-policies-comments-due-september-16th

Sullivan is pleased to welcome Jonathan Davis to the firm.

Jonathan focuses his practice on a wide range of corporate matters and capital markets transactions. His experience includes initial public offerings, S**C PIPEs and follow-on offerings. Prior to joining Sullivan, Jonathan was an associate at a leading U.S. law firm in New York.

To learn more about him, click here to read his bio: https://www.sullivanlaw.com/jonathan-davis

Sullivan partners Sam Fowler-Holmes, in his role as a member of the Emerging Leaders Committee at ITFA, and Simon Cook, in his role as a member of the ITFA Executive Board and Head of Education at ITFA, presented sessions at ITFA’s Educational Seminar in London in July 2024.

As part of the seminar, they also contributed - together with other trade and forfaiting experts - to a podcast put together by Trade Finance Global (TFG) as part of its series of podcasts, Trade Finance Talks.

To listen to the podcast, click here: https://www.sullivanlaw.com/events/simon-cook-and-sam-fowler-holmes-participate-in-tfgs-podcast-following-itfas-trade-finance-educational-seminar

John Hunt will participate in a panel discussion, "Money Fund Reforms: Latest US & Possible EU," at Crane Data's European Money Fund Symposium on September 20, 2024.

European Money Fund Symposium offers non-U.S. money fund portfolio managers and money market investors, issuers, dealers and service providers a concentrated educational experience, as well as an excellent and informal networking venue.

To learn more or register, click here: https://www.sullivanlaw.com/events/money-fund-reforms-latest-us-possible-eu