Moore & Van Allen PLLC

Check out the latest MVA White Collar Defense, Investigations, and Regulatory Advice Blog article, “CA Governor Vetoes AI Safety Bill but Indicates Additional AI Regulation Forthcoming” by visiting: https://lnkd.in/d-9rqw3H #MVABlog

Elevate your practice at Moore & Van Allen, where top-tier talent thrives in a collaborative environment. We’re seeking experienced attorneys in Financial Services, Corporate, Litigation, Intellectual Property, Commercial Real Estate, and Wealth Planning to join our expanding team and make a lasting impact. https://lnkd.in/ehKGS7c8

Moore & Van Allen PLLC (MVA) is pleased to announce that members of the firm’s Bankruptcy, Corporate, and Financial Services teams were recognized for their advisory role in GigaCloud Technology’s acquisition of Noble House Home Furnishings, which won The M&A Advisor’s Cross Border Deal of the Year Award in the $50-100 million category. The following MVA attorneys represented GigaCloud, a global B2B ecommerce solutions provider, in this transaction: Co-head of Financial Restructuring -Stephen E. Gruendel Financial Restructuring Member - Hillary B. Crabtree Financial Services Member -Sangwan “Sonny” Ha Corporate Member -Carolyn P. Meade Corporate Associate -Sierra H. Lyda Corporate Associate -Max Neumann https://lnkd.in/dJZeWX-k

Moore & Van Allen PLLC (MVA) is pleased to announce that it has achieved “Mansfield Certification Plus” designation. Mansfield’s year-long certification process is designed to ensure fair and equal opportunities for qualified legal talent to advance into leadership. “Moore & Van Allen is proud to prioritize and invest in practices that we believe will foster a diverse leadership pipeline,” said MVA Managing Partner and Chair Thomas L. Mitchell. “We are thrilled to have received Mansfield Certification Plus status and affirm our longstanding commitment to maintaining a diverse and inclusive workplace.” https://lnkd.in/enKfpc9u

Calling anti-money laundering and financial crimes professionals to join Moore & Van Allen (MVA) Member and guest moderator Sarah Byrne for the 4th Annual AML and OFAC Symposium, hosted by the ACAMS Carolinas Chapter, on Tuesday, October 15th at the Charlotte Convention Center. For more information or to register, visit: https://lnkd.in/eJEEwtCx

Moore & Van Allen (MVA) Finance Associates John I. Sanders, Yiran Jiang, and Italian Counsel Nicola Brunetti co-authored the article titled, “Italian Reforms Reward Long-Term Investors with Voting Power.” On March 27, 2024, the Italian legislature implemented reforms to support the competitiveness of the Italian capital markets and attract investors, in line with the 2022 guidelines issued by former Prime Minister Mario Draghi.[1] One of the reforms increased the potency of loyalty shares. The by-laws of Italian listed companies can now provide that holders of loyalty shares receive up to 10 votes per share based on the duration of their ownership, a significant increase from the previous limit of two. The process by which loyalty shares increase in potency is straightforward. After holding loyalty shares for 24 months, shareholders are entitled to two votes per share, then earn an additional vote for each subsequent 12-month period, up to 10 votes in total per loyalty share. Understanding that some investors may be limited by law or policy from acquiring a certain level of voting power, the law provides (i) a right of recission for holders who do not favor the amendment of the by-laws to provide for the increase of the voting rights attached to the loyalty shares in excess of two votes per share; and (ii) that the by-laws may grant the right to waive all or some of the additional voting rights accumulated through continuous ownership of loyalty shares.[2] The reform makes the Italian capital market more competitive with its rivals, which already permitted more flexible multiple vote share structures. Euronext Amsterdam, for example, permits companies to offer enhanced voting rights, typically starting at two votes per share, without a formal cap.[3] The main exchanges in the U.S., the NYSE and the Nasdaq, also permit loyalty shares, typically allowing up to 10 votes per share, as long as they do not disproportionately reduce the voting rights of existing shareholders. To provide maximum flexibility and allow currently listed Italian companies to benefit, the Italian reform allows companies to introduce loyalty shares either before or after an IPO, while the U.S. stock exchanges only permit their introduction before an IPO and, although Euronext Amsterdam does not flatly prohibit on them, post-IPO adoptions by companies listed on that exchange have been successfully challenged by shareholders.  Foreign institutional investors are already significant shareholders in Italian listed companies.[4] Such investors, especially index investors, tend to be remain passive long-term investors and naturally support loyalty shares that reward them with additional voting power. We believe that the loyalty share reforms will help achieve the goal of making the Italian capital markets more competitive and appealing to investors. https://lnkd.in/eK32fwUi

The Charlotte Triage Pro Bono Partnership kicked off its sixth anniversary with a full afternoon of CLE sessions followed by an evening of networking and collaboration on September 18, 2024. The Charlotte Triage is supported and sponsored by Moore & Van Allen, McGuireWoods, Bank of America, Duke Energy, Husqvarna Group, and Wells Fargo. Additionally, MVA Litigation Member, Bill Butler, is a dedicated Triage Housing Champion in partnership with the Charlotte Triage Pro Bono Partnership and Legal Aid of North Carolina and Litigation Member, Nader Raja, served on this year's Triage taskforce. Charlotte Triage supports Legal Aid of North Carolina-Charlotte, the Charlotte Center for Legal Advocacy, Council for Children’s Rights, and Safe Alliance by enabling the organizations to outsource work to private practice lawyers and in-house counsel. The partnership handles pro bono matters related to housing eviction defense, criminal record expunctions, healthcare enrollment, special immigrant juvenile cases, children’s rights education, and domestic violence survivors.

In celebration of National Hispanic Heritage month, Moore & Van Allen is highlighting employees of the Hispanic and Latino community within the firm. In this MVA Spotlight, hear from MVA Litigation Associate Gabriela Basora. https://lnkd.in/e5pf_YH2

Moore & Van Allen (MVA) welcomes Theodore Boone to our Corporate team. www.mvalaw.com #MVALawNewHire

Moore & Van Allen PLLC (MVA) is pleased to announce that the firm has elevated Barrett M. as head of the firm’s Derivatives team. Barrett joined MVA in 2022 and brings his in-house legal experience from both a swap dealer and a large regional bank to guide clients on OTC and exchange trades swaps, options, futures and other derivatives. MVA’s Derivatives team brings extensive experience representing clients with respect to a wide array of OTC derivative and exchange traded transactions. We pride ourselves on providing clear commercial and compliant counsel that adds value and mitigates risks. Our Derivatives practice assists clients with respect to a variety of OTC and cleared derivative and exchange traded products and regulatory and investigation matters. Our attorneys advise a wide spectrum of U.S. and non-U.S. market participants, including swap dealers, clearing houses, futures commission merchants, sovereign entities, pensions, hedge funds, commodity pools, financial institutions, trade groups and corporate end-users across multiple industries. https://lnkd.in/enSTmszA