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Your Attorneys & Business Partners
A Matter of Interest – California Usury Law
Many people wrongfully believe they can charge whatever interest level they choose when lending money. Unfortunately, that is not generally the case. In most circumstances, a “non-exempt” lender is restricted to collecting ten percent (10%) per year on a loan, even if the borrower agrees, or even begs and pleads, to pay a higher rate of interest.
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New California Privacy Law Set to Go Into Effect in 2020: How Your Business Should Prepare
The California Consumer Privacy Act (“CCPA”), which will affect many businesses doing business in California, is set to go into effect beginning on January 1, 2020. In order to enforce the provisions of the CCPA, the state empowered the Attorney General to impose hefty fines for violations, including a $2,500 fine per violation which is not cured within thirty days. In order to avoid such fines and the legal expenses that go along with fighting a legal action by the state, it is important that your business become familiar with the requirements of the CCPA and be sure to implement business strategies to ensure compliance by 2020.
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Vogt, Resnick & Sherak, LLP Successfully Closes Large M&A Transaction Involving Multiple Entities in the U.S. and U.K.
Vogt, Resnick & Sherak, LLP (“VRS”) recently represented two sellers in a stock sale transaction that involved the concurrent sale of all the stock of four companies. Two of the companies are in the U.S. and the other two companies are in the U.K. The companies manufacture technical engineering products for aviation and military purposes. VRS worked closely with the Seller’s U.K. counsel, DMH Stallard (a fellow member of LEInternational), as well as accountants in both the U.S. and U.K., buyer’s counsel in Cleveland, and buyer’s lenders to close the transaction. VRS collaborated with various advisors on the sale team, which includes other attorneys within VRS (from its real estate, tax, and business practice groups) and outside the firm to help its clients navigate through numerous different issues involving intellectual property, privacy, real property, tax and employment law issues.
Profiles in Environmentalism: Barnet & Meryl Resnick
VRS founding partner Barnet Resnick and his wife Meryl were recently recognized by the Santa Fe Conservation Trust for their generous donation of property in the Galisteo Basin Preserve near Santa Fe, New Mexico. Read the full profile here.
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