Alec P. Ostrow has been endorsed by Marquis Who’s Who as a leader in the law industry.
Frederico Hilzendeger joined the firm in 2019 as a Foreign Associate for the Corporate, International and Private Client practice groups. Prior to joining the firm, Mr. Hilzendeger practiced in Brazil for nearly seven years, handling a wide range of corporate and tax matters for domestic and foreign clients. His experience also includes tax consultancy, complex litigation pertaining to corporations, and tax and estate planning for high-net worth individuals, families, and family-controlled businesses. He also has experience in M&A transactions and related due diligence investigations, as well as in advising new enterprises, startups, and domestic corporations in Brazil. In addition to his law practice experience, Mr. Hilzendeger has an active presence in the business community, as exemplified by his time at the Institute for Entrepreneurial Studies (IEE) and other non-profit organizations in Brazil.
The September 2019 issue of the IPBA Journal published the attached article called “Foreign Securities Brokers Doing Business in the United States” by Kenneth J. Stuart. The article discusses whether, and when, a non-US broker-dealer who purchases or sells securities traded on US stock exchanges for its non-US clients must register as a broker-dealer with the US Securities and Exchange Commission.
On October 16, 2019, Zeb Landsman will moderate a panel focused on “What Keeps In-House Lawyers up at Night” with in-house lawyers from Molson Coors, Duke Energy Corp., Ernst & Young LLP, and Holcim (US) Inc. The panel is part of Northwestern Law School’s prestigious Contemporary Issues in Complex Litigation. “Understanding the day-to-day needs of our client’s in-house legal team is key to providing excellent service,” Mr. Landsman said, “that’s why panels like the one at Northwestern are so valuable to us.”
Christopher J. Philpott is an associate in the Firm’s Trusts and Estates practice group. Mr. Philpott holds a J.D. from the Emory University School of Law and an LL.M. in Taxation from the New York University School of Law.
Sarina N. Fritz is an associate in the Firm’s corporate practice group.
Ms. Fritz received her B.A. from Emory University in 2014 and her J.D. from Georgetown University Law Center in 2018.
Ms. Fritz is admitted to practice in New York.
Becker Glynn hosted a breakfast briefing organized by the American Council on Germany with the Mayor of the City of Dortmund, Ullrich Sierau. The Mayor spoke on the topic of “Structural Change and Rising Populism: How Cities Manage These Trends.” The Mayor noted how Dortmund, much like Pittsburgh, transformed itself from a steel and coal mining city to a city of innovation, science, and technology. Becker Glynn is counsel to companies based in Dortmund and vicinity.
The Firm serves as litigation counsel to AcBel Polytech, Inc., a Taiwanese semiconductor manufacturer, in its federal lawsuit against Fairchild Semiconductor Corp. The case involves allegedly defective voltage regulators sold to AcBel by Fairchild’s Asian subsidiaries. On AcBel’s behalf, the Firm raised claims for breach of the implied warranty of merchantability, among other claims. After a two-week trial, the U.S. federal court in Boston ruled that Fairchild was liable for the actions of its Asian subsidiaries, which it had contested, but found that Fairchild had not breached the implied warranty of merchantability.
On appeal, the Firm argued that the district court misconstrued Massachusetts law on breach of warranty. The First Circuit agreed. In a “groundbreaking” decision, it vacated the adverse judgment, and remanded the case for further proceedings. The First Circuit also revived AcBel’s fraud claims, which the district court had dismissed on summary judgment. Zeb Landsman argued the appeal; Richard N. Chassin, Jesse T. Conan, and William H. Newman were on the brief.
The Firm has continued to serve over the past year as counsel to International Finance Corporation (IFC) in connection with IFC’s programs to mobilize additional funds via the sale of unfunded risk participations in IFC’s loans made with IFC’s own funds (“A Loans”), including via selling such participations on a programmatic or facility basis as part of IFC’s facility co-investment program (“FCP”). The first such facility-based sale of unfunded risk participations closed in April of 2018, and the Firm continues to work with IFC on refinements to the product.
Kenneth Stuart was co-moderator and one of the six panelists in a program on Crowdfunding and Initial Coin Offerings at the 29th Annual Meeting of the Inter-Pacific Bar Association on April 25, 2019 in Singapore. Panelists from Japan, Singapore, Taiwan, Columbia and India joined Ken and his co-moderator from Italy on the program and engaged in an inter-active discussion, with an audience numbering over 70 lawyers from more than 40 different countries. Among the topics covered were relevant country laws and regulations, market and judicial developments and related matters. The Inter-Pacific Bar Association is an international association of business and commercial lawyers with a focus on the Asia-Pacific region. The IPBA was founded in April 1991 and today has more than 1,600 members from 65 jurisdictions around the world.