Info Hub

  • Procopio’s William Eigner Appointed to Second Term as Emeritus Trustee by the San Diego Police Foundation

    January 5, 2017 (San Diego) _ Procopio partner  William “Bill” Eigner was recently appointed to a second term as Emeritus Trustee with the San Diego Police Foundation, a 501(c)(3) tax-exempt organization that supports efforts to improve police/community relations and awards grants to law enforcement for specialized equipment, training and collaborative community programs and works to help kids make smarter, safer online cyber choices. “Bill Eigner has provided leadership and in...

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  • Tom Turner and William Eigner Named in Top 500 Influential Business Leaders by San Diego Business Journal

    December 29, 2016 (San Diego) _ Procopio congratulates Tom Turner and William “Bill” Eigner, recently named two of the San Diego Business Journal’s Top 500 Influential Business Leaders. Honorees are recognized in a wide range of industries, including law, manufacturing, life sciences, service providers, financial and technology firms, and real estate companies. Tom Turner, Procopio's Managing Partner, represents clients on business matters related to commercial real estate transacti...

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  • Policy Clarification for the Registration of Aircraft to U.S. Citizen Trustees in Situations Involving Non-U.S. Citizen Trustors and Beneficiaries

    The Federal Aviation Administration (the “FAA”) recently clarified its policies regarding the registration of aircraft in the United States with the U.S. Registry by U.S. citizen trustees of trusts involving non-U.S. citizen trustors and beneficiaries.  These arrangements are often called “non-citizen trusts” and they are often used when non-U.S. citizens want to own an aircraft registered with the U.S. Registry.  As set forth in the Notice of FAA Policy Clarification report...

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  • Procopio Congratulates 15 Attorneys Named Best Lawyers in San Diego for 2017

    December 9, 2016 (San Diego) _ Procopio congratulates the 15 attorneys named by Best Lawyers® as “Best Lawyers” of San Diego for 2017. The Best Lawyers list of outstanding attorneys are compiled by conducing exhaustive peer-review surveys in which tens of thousands of leading lawyers confidentially evaluate their professional peers. Procopio attorneys were recognized in a wide range of areas of law including intellectual property, construction, real estate, tax, environmental, and labor ...

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  • COMMERCIAL BRIDGE LOANS MADE BY VENTURE CAPITAL COMPANIES TO OPERATING COMPANIES ARE EXEMPT FROM CALIFORNIA FINANCE LENDERS LAW

    In 2003, the California legislature passed Assembly Bill 169  that added § 22062 to the California Finance Lenders Law (the “Finance Lenders Law”).   The new Cal. Fin. Code § 22062 essentially provides that the Finance Lenders Law does not apply to a commercial bridge loan made by a venture capital company to an operating company on or after January 1, 2004. Regulation of Finance Lenders The Finance Lenders Law requires “finance lenders,” with some exceptions, t...

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  • The State Bar of California Names Patrick W. Martin Chair Elect for the 2017-2018 Taxation Section Executive Committee

    November 30, 2016 (San Diego) _ Procopio congratulates Partner Patrick W. Martin on his appointment by the State Bar of California as Chair Elect for the 2017-2018 Taxation Section Executive Committee. The Taxation Section is comprised of tax lawyers working in private law firms, accounting firms, government, and corporations throughout California and its principle purpose is to provide continuing legal education and professional development opportunities in the field of tax for both Californ...

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  • CALIFORNIA FINANCE LENDERS LAW UPDATE - DO WE STILL NEED A LICENSE TO DO THAT DEAL?

    California’s Financial Code §22000 et seq., known as the California Finance Lenders Law (the “CFLL”) requires “finance lenders,” with some exceptions, to obtain a finance lenders license (a “License”).  A “finance lender” is defined in Cal. Fin. Code § 22009 as “any person who is engaged in the business of making consumer loans or making commercial loans.”  While that sounds like a simple requirement, there may be some confusion as to which types of typical e...

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  • ESI and eDiscovery - What Clients Should Know

    Since the early 2000’s, the percentage of information that is created and stored in paper form has decreased dramatically.  Today, 95% of all information is created and stored electronically.  In 2006, Congress responded to this new reality by approving significant changes to the Federal Rules of Civil Procedure addressing Electronically Stored Information, now commonly referred to as ESI.  Last year, the federal rules were amended again as the complexity of ESI was more full...

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  • December 1, 2016 Deadline Defunct: Federal Judge Blocks US Department of Labor Exempt Salary Increase

    Yesterday, U.S. District Court Judge Amos Mazzant issued a nationwide preliminary injunction blocking the U.S. Department of Labor’s controversial rule which was slated to increase the minimum exempt salary requirements on December 1, 2016.  The rule was scheduled to raise the minimum exempt salary for executive, administrative and professional employees under the Fair Labor Standards Act (FLSA) from $23,660 to $47,476 per year. The Texas federal judge concluded that the 21 states ...

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  • Simplified Reporting Obligation for Companies with Foreign Investment

    U.S. Companies in which a foreign investor owns 10% or more of the voting interest of the U.S. company must file a Foreign Investment Report with the U.S. Bureau of Economic Analysis. On November 21, 2016, came into effect an amendment to the forms that non-U.S. businesses and investors have to file about establishing, acquiring or expanding a business enterprise in the U.S. If you are a non-U.S. company running a business in the U.S., this alert may be applicable to you. In the past,...

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