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Glass Box Modernises the Private Stock Offering Process

An initial public offering (IPO) refers to the process of offering shares of a private corporation to the public in a new stock issuance. Companies must meet requirements by exchanges and the Securities and Exchange Commission (SEC) to hold an IPO.

MCAPMediaWire – TODAY, the GLASS BOX companies have unveiled the first of its kind digital stock offering platform.

The Glass Box platform offers both private and public companies the ability to:

  1. develop fully compliant securities offerings in a digital format,
  2. qualify investors to participate in those offerings,
  3. accept and track subscriptions in those offerings,
  4. apply to have securities included in those offerings electronically registered (so they can appear on investor brokerage statements), and
  5. seamlessly broadcast those offerings to each company’s existing network of investors, the Glass Box network of investors, and accredited investors across the internet via integrated press and social media campaigns.

With the Glass Box Offering Portal System, it is now possible for companies to complete in just a few days what has historically taken a matter of months.

“We are thrilled to be bringing to market a platform that can help emerging companies take full advantage of modern securities laws, and more efficiently raise capital,” said President and Founder of Glass Box Law, Steve Gribben.

“Only since the passage of the Jumpstart Our Businesses Act in 2015, has it been possible for private securities offerings targeted toward accredited investors to be broadly advertised.  And prior to the development of Glass Box platform, there really wasn’t a true turn-key solution that could help issuers fully capitalise on this rule change.”

Glass Box expects to give today’s most innovative companies direct access to capital from individual accredited investors, family offices, venture funds, and other institutions that may have otherwise been beyond their reach.

About Glass Box: Located in Irvine, California, the Glass Box companies bring together a unique suite of services to help both public and private companies raise capital and maintain investor communications.

Glass Box Law (glassboxlaw.com) – As a licensed law firm, Glass Box Law assists issuers in the development of legally compliant digital stock offerings.

Glass Box Agency (glassboxagency.com) – As a digital advertising agency focused on investor relations, Glass Box Agency helps both private and public companies to expand brand exposure and communicate with investors in the public market.

Glass Box MKT (glassboxmkt.com) – As a digital marketplace for emerging companies seeking to raise capital, Glass Box MKT makes it possible to access qualified investors across the internet at large.

To learn more about how the Glass Box companies can be of services, please view our offering or contact Glass Box at info@glassboxlaw.com.

Press Contact:

Glass Box Agency
18201 Von Karman Ave.
Suite 300
Irvine, CA 92612
(949) 878-3740
info@glassboxagency.com

How Can Businesses Find Reputable Lawyers to Handle Complex Legal Cases

Lawyers play a vital role in our society, and we rely on them to handle the complexities of legal cases. This is especially true when you’ve been charged with a crime and need representation in court. But if you don’t know where to start your search for an attorney, it can be difficult to find one that will work within your budget or has the experience needed for your case.

Business law can be much more complex than regular law, and hiring a lawyer is even more important. If you rely on your home or business for income to feed your family, you must find someone who can do their best work for you. Here are some tips to use when starting your search for the right attorney.

Finding a good lawyer for your business

Businesses can face a range of legal issues, from contract disputes to personal lawsuits. If you’re facing a legal issue, it’s important to find an attorney who has the experience and knowledge to help you resolve it. Terry Law Firm has the necessary experience and variety of cases of representing individuals they will know how to access the best and most appropriate representation for you and your business. There are cases when an experienced lawyer will likely lose in court, in which case you should rely on their experience to offer a compensatory offer to the other party. Having to accept a lower settlement may be better than taking legal action against you.

Working with lawyers

When working with lawyers, it’s important to realise their fees will vary according to their experience and expertise. Though they may not offer the lowest rates, an experienced lawyer will bring their expertise and knowledge to your case. An unqualified lawyer may be more expensive in the long run if they fail to properly represent you or don’t have experience in their field of law. If legal help is necessary for your business’s growth, it’s important that you find a qualified lawyer who’s within your budget and can provide you with the best representation possible.

When searching for a qualified lawyer, ask for referrals from family and friends or search online, where you’ll find customer reviews from various attorneys. You can also contact your local bar association to see which lawyers they recommend. Ask as many questions as necessary until you’re satisfied and feel confident in your lawyer’s skills and knowledge. If you’ve been charged with a crime, don’t wait to find a good lawyer who can defend your rights and fight for justice on your behalf.

What to look for when hiring an attorney

An experienced lawyer with a good track record will be your best option to help you resolve complex legal issues. Before hiring any lawyer, it’s important to do background research on their qualifications and experience. If they’ve never handled cases like yours before, or if they lack expertise in the area of law where you need representation, consider working with someone else.

You can meet with several attorneys before making your decision, so it’s important to ask them questions about the types of cases they’ve handled. If they have a list of satisfied clients you can talk to, that would help find out more about their experience and expertise. The more information you find out ahead of time, the better prepared you’ll be when making your final decision.

Once you’ve found a lawyer that’s right for you, it’s important to work with them as they prepare their case or build your defence. They should explain their strategy and how they plan on winning the case so you can feel confident in their abilities.

Get the most out of your relationship with your lawyer

While it’s important to be open and honest with your attorney, you also need to realise that a lot of the information they share is privileged. That means that if they tell someone else what you’ve told them in confidence about your case, they could be disbarred from representing you.

Your lawyer may have suggestions on how to proceed based on the information they have, but you mustn’t share any privileged information with them. Hiring a qualified lawyer will help tremendously when trying to resolve your case, and you should feel comfortable working with them while they prepare for court.

When it comes to finding a lawyer for your business, it’s important to do your research and ask questions until you’re confident in their abilities. An experienced lawyer with a good track record will be the best option to help you resolve complex legal issues. Make sure to work closely with them as they prepare your case and feel comfortable asking them questions so you understand what’s happening every step of the way.

You Are Not Allowed to Speak Badly About Your Competitors

Businesses may want to know certain things about their competitors, such as their USP, price, quality, convenience, location, product range and customer service.

In a previous article you could already read that it is forbidden to advertise in a way that misleads or may mislead the consumer, unless it concerns exaggerated advertising that should not be taken literally. In this article, we look at another spectrum of prohibited advertising, namely denigrating comparative advertising and badgering.

The Court of Appeal of Antwerp recently had to decide whether an e-mail to the press from a company in which it links its competitor to ‘sjoemelsoftware’ (software used to influence test results) should be considered as advertising in accordance with Article I.8,13° of the Economic Code (hereafter: WER). Moreover, the Court also had to examine whether the company was thereby guilty of badgering (Article VI.104 WER) and denigrating comparative advertising (VI. 17, 5° WER).

Article I.8.13° WER

Article I.8.13° WER defines “advertising” as: “Any communication aimed directly or indirectly at promoting the sale of products, regardless of the place or means of communication used”. In other words, the concept of advertising is broadly defined.

The Court of Appeal ruled that the e-mail falls under the definition of advertising, as it has at least the indirect objective of promoting the sale of products. After all, by besmirching the reputation of a competitor, one’s own image is strengthened, which can promote the sale of products. This view is fully in line with the case law of the Court of Cassation in a case where the Court ruled that: “the placing of an identification plate on one tank which – from the nature of the case – can only be installed in one place can constitute advertising.”

Article VI. 104 WER

Article VI.104 WER prohibits any act contrary to fair market practices by which a company harms or is likely to harm the professional interests of one or more other companies.

According to the Court of Appeal, badgering consists of: “making an announcement containing a fact or an allegation, launching an attack or expressing a criticism which, in the mind of third parties, is likely to undermine the credibility or the reputation of an economic operator, of its products, its services or its activity.”

Dyson argued before the first judge that BSH had allegedly manipulated test results. The Court of Appeal confirmed the decision of the first court insofar Dyson wrongly linked BSH’s products to fraud scandals as she was not convicted for these allegations. The Court of Appeal accused Dyson of badgering. After all, it is not for Dyson to insinuate that BSH has infringed a statutory provision. With this decision, the Court of Appeal follows the established case law that such accusations, in the absence of a final conviction, must be qualified as badgering.

Article VI.17 WER

Article VI.17 of the WER stipulates that comparative advertising is permitted on condition that it:

  • “1° is not misleading;
  • 2° compares goods or services that meet the same needs or are intended for the same purpose;
  • 3° objectively compares one or more essential, relevant, verifiable and representative features of those goods and services, which may include price;
  • 4° does not cause the goods or services of the advertiser to be confused with those of a competitor;
  • 5° it does not damage the good name of or denigrate the brands, trade names, other distinguishing marks, goods, services, activities or circumstances of a competitor;
  • 6° for goods with an appellation of origin, relates in any case to goods with the same appellation;
  • 6 Zie arrest Hof van Beroep te Antwerpen 20 januari 2021, NjW 2021, afl. 450, 778.
  • 7 Zie arrest Hof van Beroep te Antwerpen 20 januari 2021, NjW 2021, afl. 450, 778.
  • 8 Voorz. Kh. Antwerpen 1 februari 2011, Jb. Markt. 2011, 527; Voorz. Kh. Antwerpen 4 oktober 2011, Jb.Markt. 2011, 559.
  • 7° does not take unfair advantage of the reputation of a trade mark, trade name or other distinguishing marks of a competitor or of the designation of origin of competing goods;
  • 8° does not present goods or services as imitations or replicas of goods or services with a protected trade mark or protected trade name.”

Any comparative advertising that does not comply with the abovementioned conditions is prohibited. Since Dyson identifies BSH’s products in the e-mail to the press, it can be considered as comparative advertising in accordance with Article I.8,14° WER.

As set out above, the Court of Appeal ruled that Dyson is guilty of badgering pursuant to Article VI.104 WER, thereby damaging the good name of its competitor (BSH) and committing an infringement of Article VI.17,5° WER.

Some examples of derogatory comparative advertising messages and/or badgering:

  • According to a Utrecht judge, the slogan “Now really without antics” of supermarket Steengoed as a variant of the slogan “No antics. That saves” of C1000 was unnecessarily disparaging.9
  • When Ryanair was introduced in Belgium in 2001, the low-cost airline immediately nauseated Sabena with the slogan: “Pissed off with
  • Sabena’s high fares?” above a picture of Manneken Pis, who made Sabena disappear for good with a jet.
  • Not much later, Sabena successor ‘SNBA’ was welcomed by Ryanair with a smiling Mona Lisa saying: “SN says it has the lowest fares in Europe? Don’t make me laugh”.

Conclusion

The concept of advertising has a broad meaning in Belgian law. Any communication that can directly or indirectly promote the sale of products will be considered as advertising. If you mention the products of a competitor, you will fall under ‘comparative advertising’ and, as a company, you must comply with the conditions of Article VI.17 WER.

For example, it is prohibited to damage the good name of a competitor and to belittle the goods and services of a competitor. You should therefore always ensure that when you engage in comparative advertising, you comply with the conditions of Article VI.17 of the WER.

If you still have questions after reading this article, please do not hesitate to contact Joost Peeters.

How Can Legal Professionals Pitch Their Professional Advice Online?

The legal profession is an extremely competitive industry to be in, and as such, law firms require outside of the box thinking for marketing themselves effectively. With a range of online tools now available to virtually anyone, and many of them providing highly profitable results, it has gotten more accessible and more affordable than it used to be. This post will cover some of the most beneficial ways that a law firm in the modern world can pitch its business to potential clients ethically and effectively.

Become Relevant In Your Community

Unless you happen to be a vast, multinational law firm, the chances are that you will have a sphere of operations that you work in. This could be your local city, county, or state. Whatever it is, you should try to become as locally relevant as possible using regional law firm marketing solutions. This might be setting up interviews with local news, taking on local pro bono work, or limiting your advertising to your local area. Whatever you choose, you must be highly relevant to those in your area of operations.

Get Your Branding & Mission Statement On Point

The importance of branding for a law firm is immense as a great brand can help the law firm gain more clients and increase revenue. Branding is all about creating an image that will attract customers and make them want to do business with you. It helps establish trust with the clients and creates a sense of professionalism. However, branding should not be limited to the logo or the website design. It should be present in every aspect of interacting with your clients and how you present yourself to them.

Use Digital Advertising Campaigns

Law firms can target specific audiences and provide them with relevant content using digital advertising campaigns. The result will be improved conversion rates and an increase in engagement with their clients. Firms in the legal field have traditionally been slow to adapt to new technologies, but they are slowly changing. You can get a better return on investment on their marketing investment with digital advertising campaigns than traditional forms such as TV ads or print ads. However, if you don’t know what you are doing, you could end up spending a lot of money with little to show for it. Therefore, you are recommended to use the services of a marketing agency to set up these campaigns on your behalf.

Network At Relevant Events

It might not be modern, but it still works. Law firms who network will be more proactive in their approach and will better understand what their competitors are doing. Additionally, they can gain insight into what the market wants, which will enable them to stand out. Moreover, you can often find partnership opportunities that will help you in the long run. If, for instance, your firm only handles civil personal injury lawsuits and you network with another firm specialising in criminal matters, you could both recommend one another to relevant clients.

Build A LinkedIn Presence

The LinkedIn network consists of professional profiles in fields such as business, education, and government and has millions of users worldwide. By offering your services to those LinkedIn users interested in what you offer, you can find and connect with potential clients and expand your client base. Additionally, you can use it to network digitally as per the previous point and even position yourself as an authority in your area of expertise by regularly creating posts that educate readers about specific legal matters.

Represent Charities Or Do Pro Bono Work For The Publicity

Pro bono work is legal work that is done for free, and it is a type of public service that can benefit law firms in various ways. By using this method, law firms will be able to increase their client base without spending a lot of money on marketing, as they will also be able to attract new clients and remain at the top of the public’s mind. Aside from being an inherently decent thing to do, you will rescue a lot of positive press for free.

Position Your Firm As Expert Using Video Media

The world has gone crazy for video media, and plenty of companies are capitalising on platforms like YouTube and TikTok to significant effect. Law firms can use YouTube as a marketing tool. Videos can be created that are relevant to the niche of the law firm to increase clientele. Furthermore, you can create short and concise videos for TikTok to appeal to a younger audience who might require legal representation.

While modern marketing techniques can seem confusing to businesses stuck in the past, they actually offer a better return on investment and provide new ways to target the exact clients you want to attract.

Cancelled or Delayed Flight? You Must Take Action Within The Year

Flight or flying is the process by which an object moves through a space without contacting any planetary surface, either within an atmosphere or through the vacuum of outer space.

Unfortunately, the current health crisis is causing more and more flights to be cancelled or severely delayed.

In such cases, you as a passenger have certain rights. These rights were established by the European legislator in a Regulation no. 261/2004, the so-called ‘Passengers Regulation’. These rights apply to passengers who depart from the European Union as well as to passengers who arrive in the European Union.

The European Regulation grants certain rights to passengers in case of the following events:

  • cancellation of a flight;
  • delay of a flight;
  • denied boarding of a flight.

A detailed overview of the rights as a passenger is covered in another of our articles.

One of the rights you can claim, is a monetary compensation.

The amount of the compensation depends on the flight distance:

The airline must pay the compensation in cash, by bank transfer or via bank cheque. A travel voucher or alternative service as compensation is only possible if the passenger agrees to this in writing. Please note: during the corona crisis, different rules were adopted concerning this subject.

Although this does not always happen, the airline is obliged to send a written notice to passengers setting out the rules for compensation and assistance, as well as the contact details of the national authority responsible for verifying compliance with the European Regulation. In Belgium, this national authority is the Directorate-General for Air Transport of the FPS Mobility and Transport.

In order to obtain compensation, you can contact the customer service department of the airline in question. If they do not reply within a reasonable period of six weeks or if you do not agree with the compensation they propose, you can contact the Passenger Rights Service of the FPS Mobility and Transport through an online complaint form.

If the compensation remains unpaid, you can enforce your rights in court. The question then arises within which timeframe your claim must be made. The European Regulation itself does not stipulate a time limit, so the national legal rules on bringing legal actions before court, the so-called ‘statute of limitations’, must be followed.

In Belgium, the statute of limitations vary widely depending on the type of legal action. In the context of this matter, the European Court of Justice has ruled that ‘the obligation to pay compensation to the passenger arises from the air transport contract itself.’ This matter is regulated by book X of the Code of Economic Law in our country.

Art. X.49 par. 3 provides that ‘legal claims arising from the contract of passenger transportation, except those arising from a criminal act, have to be brought before court within one year’.

The statute of limitation starts the day of the event that causes the legal claim. This means that passengers who wish to enforce their right to compensation, must bring their claim before the court within one year after the day of the cancellation or delay.

Given that some time will already have passed by trying to obtain compensation through the airline itself or through the FPS Mobility, the one-year statute of limitations requires fast action.

Failure to comply with the obligations imposed by the Passenger Regulation constitutes a criminal offence. This offence can give rise to a civil or criminal claim, which has a different, longer statute of limitations of 5 years. However, there is only a criminal offence if the airline 1) wrongfully refuses to pay the compensation and 2) if the passenger has submitted his request for compensation in time. This means that the mere fact that the airline doesn’t pay the compensation, is not a criminal offense. Therefore, the passenger cannot simply wait until the airline doesn’t pay and then make a claim within the five-year statute of limitations.

It is clear that passengers whose flight was cancelled or delayed, must keep an eye on the one-year timeframe.

Don’t hesitate to contact our office to verify whether you can still submit your claim for compensation and to guide you through the procedure.

Unilateral Termination of an Agreement for Services for a Fixed Term

Termination of employment refers to the end of an employee’s work with a company. Termination may be voluntary, as when a worker leaves of their own accord. Involuntary termination occurs when a company downsizes, makes layoffs, or fires an employee.

Agreements involving the provision of services are entered into every day and there are countless models for this type of contract, which are used in day-to-day business.

It so happens that, precisely because they are so commonplace, the contracts are frequently adapted to the specific needs of each business, which leads to a number of distortions and technical improprieties, culminating in the generation of certain risks, which go unnoticed at the time of formalisation of such contracts.

One of these situations, frequently observed, is the provision for the possibility of unilateral and unjustified termination of contracts for a fixed term, free of any penalty. Thus, it is common to see clauses establishing that either party may put an end to the relationship, at any time, simply by communicating their decision to the other party, often the only obligation being to give a certain period of notice, without the need to respect the term initially established for such relationship.

This type of provision can lead the parties into real traps, since they are under the impression that the agreement may be terminated unilaterally without any consequences. However, many jurists take the view that premature termination without cause always entitles the innocent party to compensation, as provided in the Civil Code, in articles 602 and 603, as follows:

Art. 602. A service provider hired for a fixed period of time, or for a specific job, cannot take leave of absence or quit without cause, before the time has elapsed or the work has been concluded.

Sole paragraph. If he quits without cause, he shall be entitled to payment for the work done, but shall be liable for damages. The same shall occur if he is dismissed for cause.

Art. 603. If the service provider is dismissed without cause, the other party shall be obliged to pay him in full for the work done, and one half of the amount that would be due from then until the end of the contractual term.

The Brazilian courts have not yet reached a unanimous position on the matter, and the Superior Court of Justice is in fact currently discussing the need to determine (i) whether a clause in an agreement for services for a fixed term, authorising unilateral termination with a waiver of any type of indemnity, is legal, provided there is prior notice from the other party, and (ii) whether the party that enters into this type of legal transaction, agreeing to an express clause waiving any indemnity in the event of unjustified and premature termination, is guilty of contradictory behaviour (violation of objective good faith) if he seeks compensation in court.

Currently, there are many decisions that impose an obligation on the party that made the decision to leave the relationship prematurely to pay compensation, even if the contract expressly excludes any penalty or indemnity.

Accordingly, it is evident that something that appears to be simple may conceal an important contingent liability.

Thus, for as long as there remains no uniform opinion of the courts, it is recommended that the parties pay extra attention when entering into their contracts, and assess potential risks that may arise from a premature termination of relationships for a fixed term.

An alternative could be to enter into agreements for an indefinite term, with a provision for termination on giving a certain period of prior notice stipulated jointly by the parties, which may eliminate the risk of paying compensation on termination. However, the suitability of this alternative should be verified in each specific case with the advice of a legal professional, because even agreements for an indefinite term may give rise to additional obligations if, for example, the period of notice is not compatible with expectations created at the beginning of the term or investments made by the parties.

The discussion of termination of agreements for an indefinite term will be the subject of a future article.

Author Charles Wowk

Author Charles Wowk

Contact: Charles Wowk
Title: Partner in the Civil Area at Stüssi Neves Advogados – São Paulo
Email: charles.wowk@stussinevessp.com.br