TroyGould acted for FBS Global Limited in a $10M IPO

David Ficksman and R. Joilene Wood advised FBS Global Limited in its $10.0 million initial public offering, which closed on February 7, 2025. WallachBeth Capital LLC served as the lead underwriter for the offering. FBS Global Limited, a Singapore-based green building contractor known for its award-winning projects utilizing sustainable construction methods and environmentally responsible materials, is now trading under the ticker symbol “FBGL” on the Nasdaq Capital Market.

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TroyGould Acted as Legal Counsel for FBS Global Limited in a $10.0 Million Initital Public Offering

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Universal Legal: Dark Pattern Guidelines

Saving to buy a ticket for your first international trip. You’ve done your research, found the best price, calculated taxes, and you know exactly how much you will be paying for the trip of a lifetime.

But when you get to the checkout page, you find a figure that is much higher than what you calculated. You go back a couple of pages and there, tucked away in one corner of the page, you find a line including travel insurance for your trip, and next to it, a checked box. You never checked the box, then how did this amount get added to your total bill?

Congratulations! You have become the latest victim of Dark Pattern Practices.

The Central Consumer Protection Authority has introduced the 2023 Guidelines for Prevention and Regulation of Dark Patterns under the Consumer Protection Act, 2019 to combat manipulative online business practices. These guidelines address 13 categories of unfair trade practices, marking a crucial step in safeguarding consumer autonomy and ensuring transparency in the digital marketplace.

Read the full article on Dark Pattern Guidelines.

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IP Newsletter February 2025

Legal Network International’s update on global IP and trade mark news from the member firms of the Legal Network International (LNI).

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LNI IP Newsletter February 2025

Insights from Buju Stanciu & Associates – Business Relocation Trends in Romania

As Romania’s business landscape evolves, an increasing number of companies are seeking optimal environments for growth, investment, and taxation. In a recent article published by one of Romania’s leading business newspapers, legal experts from Buju Stanciu & Associates provided key insights into the trends shaping Romanian business relocations and the legal frameworks surrounding them.

With the growing interest in moving business operations abroad, jurisdictions such as Bulgaria, Cyprus, and the UAE are becoming attractive alternatives for Romanian entrepreneurs. Legal specialists at Buju Stanciu & Associates have analysed the primary drivers behind these relocations, including taxation benefits, regulatory advantages, and long-term stability.

“Each company has unique needs, and choosing the right jurisdiction requires thorough legal planning. Our team works closely with clients to ensure compliance and efficiency in business transitions,” shared their legal experts in the feature.

Access the full article in Adevarul.ro: Where do Romanians move their companies and what tax facilities do other states have?

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PBW Law’s Top Scottish Lawyer Calls on President Trump to Release Lockerbie Files

PBW Law’s Professor Peter Watson,  the  leading Scottish lawyer who represented the British victims of the Lockerbie disaster,  has called on the Trump administration to release files held by specialist agencies in the US related to the tragedy.

In a letter to Matthew Palmer, Chargé d’Affaires at the US Embassy to the UK, Professor Peter Watson, who served as the secretary of the Lockerbie Disaster Group which was a collective of legal representatives advocating for the British victims, has asked for the classified intelligence documents to finally be released.

On December 21 1988, in what was the UK’s deadliest terror attack, Pan Am Flight 103 which was travelling from London to New York exploded over the village of Lockerbie in Dumfries and Galloway, killing 259 passengers and crew members and 11 residents on the ground.

The request comes after President Donald Trump has called for the release of classified intelligence and law enforcement files relating to the assassinations of President John F Kennedy, Robert F. Kennedy and Martin Luther King Jr, as well as information regarding the September 11 terrorist attacks, the origins of Covid-19, Jeffrey Epstein’s “client list”, and more.

Read the full article here.

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Azevedo Sette Advogados Announces New Partners in TMT, Litigation and Real Estate

Azevedo Sette Advogados is pleased to announce that lawyers Piero Sellan, Rodrigo Tambuque Rodrigues, and Sergio Mirisola Soda have joined the São Paulo office as new partners, while Cintia Robin has been appointed as a new consultant. These professionals are highly recognized in the market and are considered references in their respective areas of expertise.

Piero strengthens the firm’s TMT – Technology, Media, and Telecommunications, as well as Privacy and Data Protection practices, bringing over 20 years of experience primarily in regulatory, contractual, and competition matters. His focus has been on the telecommunications, audiovisual, and new technologies sectors, having participated in major mergers and acquisitions in the media and telecom industries.

The new partner holds a degree from Universidade Presbiteriana Mackenzie, a specialization in Law and Economics from the University of Buenos Aires (UBA), and a postgraduate degree in Intellectual Property, Media, and Entertainment Law from Escola Superior da Advocacia – ESA OAB/SP.

Piero has served as an executive in the legal departments of multinational companies in the banking, media, telecommunications, and technology sectors. Additionally, he worked as a legal specialist at the Ministry of Finance in the Secretariat of Economic Monitoring (SEAE-MF) and as a coordinating partner for TMT practices at prominent business law firms. His expertise encompasses TMT, Regulatory Law, Competition, Government Relations, and transactional advisory in complex and strategic negotiations. He will continue his career at Azevedo Sette, working closely with partners Ricardo Barretto Ferreira da Silva and Danielle Chipranski Cavalcante.

Rodrigo joins as a partner in Litigation and Real Estate, areas in which he has practiced for over 19 years. His work has focused on corporate and real estate civil litigation, advising numerous clients and handling highly complex projects in a personalized manner. He also has extensive experience in handling cases before State and Superior Courts.

His expertise includes litigation involving corporate matters such as company dissolutions, accountability actions, and the execution of specific obligations outlined in shareholder agreements. Additionally, he has significant experience with real estate developments, subdivisions, and shopping malls. His practice covers managing a broad range of lawsuits, including eviction, renovation, revision, enforcement of extrajudicial instruments, and indemnity claims, as well as providing advisory services on contracts and condominium regulations.

Rodrigo holds a law degree from Universidade Presbiteriana Mackenzie and postgraduate degrees in Corporate Law from FGV/SP and Environmental Law from PUC/SP. He is a member of the GRI Club (Global Real Estate Brazil Institute) and its Legal Committee. He has also served as an assistant professor in Environmental Law specialization courses and has held leadership positions in business and real estate litigation at esteemed business law firms.

Rodrigo will collaborate with Sergio, a returning partner at Azevedo Sette, who will lead the civil litigation, real estate, and middle-market portfolios.

With over 18 years of experience in civil liability, copyright, class actions, and real estate litigation, Sergio is known for combining technical expertise with results-driven strategies aligned with client needs. He has handled significant cases for companies in the retail, automotive, technology, and infrastructure sectors, among others.

A postgraduate in Civil Liability from Fundação Getúlio Vargas (FGV/SP) and a graduate of Universidade Presbiteriana Mackenzie, Sergio has been recognized in the Análise Advocacia 500 guide as a reference for companies in the Automotive and Auto Parts sector and by International Benchmark Litigation for his excellence in Litigation in Brazil.

In addition to the new partners, Azevedo Sette Advogados welcomes Cíntia Robin to its advisory board. With over 20 years of experience in advising clients on complex tax issues and developing succession and international estate planning strategies, Cíntia is known for her multidisciplinary expertise, gained throughout her career in global markets.

Cíntia holds an LL.M. in International Taxation from Maastricht University in the Netherlands, where she received a full scholarship, and a specialization in International Taxation from FGV/SP. Her educational background also includes a Foreign Trade course at Aduaneiras, a postgraduate degree in Tax Law from PUC/SP, and a technical qualification in Accounting, further expanding her expertise.

Throughout her career, Cíntia has built a strong international profile, with experience in several European countries, including Luxembourg, where she served as a senior consultant at global consulting firms. She has also attended courses on international treaties in Poland and completed an internship in the Netherlands.

Furthermore, 12 new lawyers with outstanding professional backgrounds and expertise in their respective fields have joined the firm.

“We are extremely happy to welcome new talents who will add value to our already highly competent team of professionals and who share our commitment to excellent client service. We are confident that the new partners and lawyers will make significant contributions to the continued and sustained growth of Azevedo Sette Advogados,” stated senior partner Luiz A. Sette.

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Universal Legal Reports High Profile January Deals Across Diverse Sectors

Universal Legal has demonstrated its expertise in facilitating high-profile transactions across diverse sectors this quarter. From cross-border acquisitions in cybersecurity to funding rounds in the healthcare industry and strategic investments in marketing technology, the firm has been at the forefront of delivering tailored legal solutions. Below are highlights of their notable deals:

ISMG acquires controlling interest in Payatu: Universal Legal’s Team led by Partner Rashi Kapoor Mehta and Associate Partner Neelkamal Chaudhary, with support from Senior Associate Ruchita Krishnan and Associate Preksha Shah helped ISMG, a global cybersecurity media company with the acquisition of a majority stake in Payatu, a leader in cybersecurity solutions and organizer of the Nullcon conference in a cross-border transaction across India, the Netherlands as well as the United States.

NSE-listed company, Beta Drugs Limited received funding of INR 117 crore: Universal Legal’s Team of Partner Rashi Kapoor Mehta and Associate Partner Henna Kapadia Poojara advised a Singapore-based fund participating in NSE-listed Beta Drugs Limited’s funding round, led by HealthQuad Fund II.

Wondrlab acquires majority interest in influencer marketing firm, Opa: Universal Legal’s Team led by Partner Rashi Kapoor Mehta and Associate Partner Henna Kapadia Poojara, with support from Senior Associate Ruchita Krishnan and Associate Preksha Shah provided Wondrlab India Private Limited in acquiring a majority stake in Opa Marketing Tech Private Limited, a leading influencer marketing platform.

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TroyGould Advises Sacks Parents Golf Inc (NASDAQ SPGC) in its $8.4 Million Public Offering

David Ficksman advised Sacks Parents Golf, Inc. (NASDAQ SPGC) in its $8.4 million public offering, which closed on December 13, 2024. Aegis Capital Corp. acted as the sole book-running manager of the offering.

Sacks Parente Golf, Inc., a technology-driven golf company, announced the closing of its upsized $8.4 million underwritten public offering on December 13, 2024. The offering included 7,000,000 Common Units, each comprising one share of Common Stock, one Series A Common Warrant, and one Series B Common Warrant. The public offering price was set at $1.20 per unit. The Series A and Series B Common Warrants, both exercisable at $2.40 per share, will become active following stockholder approval, with expiration periods of 60 and 30 months, respectively.

Aegis Capital Corp. served as the sole book-running manager for the offering, with TroyGould acting as counsel to Sacks Parente Golf and Kaufman & Canoles, P.C. representing Aegis. Additionally, Aegis received a 45-day option to purchase up to 15% more shares and warrants to cover over-allotments.

The U.S. Securities and Exchange Commission (SEC) declared the registration statement effective on December 11, 2024, with the offering conducted solely through a prospectus available on the SEC website.

Sacks Parente Golf specializes in advanced golf technology, offering a portfolio that includes putters, golf shafts, and grips. The company has pioneered innovations such as the First Vernier Acuity putter, Ultra-Low Balance Point (ULBP) putter technology, weight-forward Centre-of-Gravity (CG) design, and ultra-light carbon fibre putter shafts.

The company noted that forward-looking statements within its announcement are subject to risks and uncertainties, and actual outcomes may differ from projections. While it believes in the reasonableness of its expectations, Sacks Parente Golf does not guarantee future performance and does not intend to update these statements unless required by law.

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