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January 5, 2023Insights
SEC Strengthens Investor Protections Against Insider Trading

On December 14, 2022, the U.S. Securities and Exchange Commission (SEC), displaying a rare united front, voted unanimously to adopt the first substantive reforms to Rule 10b5-1 under the Securities Exchange Act of 1934 (Exchange Act) since its enactment more than twenty years ago, and enhanced trading-related disclosure and reporting requirements applicable to public issuers and their insiders.

December 21, 2022Insights
Start Preparing for New State Privacy Laws That Take Effect in 2023

Inspired by California’s landmark privacy law (the California Consumer Privacy Act or “CCPA”) and the European Union’s General Data Protection Regulation (“GDPR”), state legislatures across the U.S. have been busy trying to replicate those laws in their own states. Several states have now passed privacy laws, many of which are substantially similar to the CCPA and the GDPR. Many other states are actively considering similar privacy legislation, and we expect to see another active year in the privacy world in 2023. This alert highlights key requirements in these new laws – specifically, the California Privacy Rights Act, the Virginia Consumer Data Protection Act, the Colorado Privacy Act, the Connecticut Act Concerning Personal Data Privacy and Online Monitoring, and the Utah Privacy Act (collectively, the “2023 State Privacy Laws”), and suggests practical steps companies should take to get ready. Note that some of the 2023 Privacy Laws are still pending final regulations, which could change the requirements.

December 16, 2022Firm News
Gunderson Dettmer Earns Top Rankings in Chambers Asia-Pacific 2023

Gunderson Dettmer’s Singapore office continues to be ranked Band 1 in Startups & Emerging Companies (Singapore) by Chambers and Partners. Singapore managing partner Jonathan Pentzien was honored as a Band 1 Leading Individual for the third consecutive year. David He, who was elected to the partnership in January 2022, was newly ranked Up and Coming by Chambers.

December 15, 2022Firm News
Gunderson Dettmer Announces 11 New Elected Partners

Gunderson Dettmer has elected 11 new partners, effective January 1, 2023. These elevations add to the firm’s Corporate and Securities, Executive Compensation, Fund Formation, and Licensing, Strategic Partnering and Commercial Transactions practices.

December 5, 2022Insights
Client Alert: Legislating the Future of AI in Employment: NYC's Impending Law on Automated Decision Tools

Companies are increasingly using automation and artificial intelligence (“AI”) to identify and hire qualified candidates more efficiently, accurately, and objectively. In response, regulators and legislators are beginning to enact laws that address AI’s potential for bias and perceived lack of transparency and accountability. New York City Council enacted Local Law 144 of 2021 (“LL 144”) in December 2021, and similar local, state, and federal efforts are on the horizon.

December 4, 2022Client News
Kapu Announces $8M Seed Financing

Kapu, a social commerce company, announces its $8 million seed financing co-led by Giant Ventures and Firstminute Capital.

December 2, 2022Firm News
Gunderson Dettmer Beijing Office 10th Anniversary Celebration

2022 marks Gunderson Dettmer's 10th anniversary in China. Zhen Liu, Head of Gunderson Dettmer's China Practice, together with Beijing partners David Wang and Richard Chang, shared their views in this tribute video to celebrate Gunderson Dettmer's successful decade in China.

November 21, 2022Client News
HC9 Ventures Announces New $83M Fund

HC9 Ventures announces the launch of its $83 million new fund to invest in early-stage healthcare startups that will shape the future of healthcare. 

November 9, 2022Client News
Sequoia Capital India Participates in $90M Series A Financing of Arta Finance

Gunderson Dettmer represented client Sequoia Capital India as an investor in the $90 million Series A financing of Arta Finance, a California-based digital family office. Other notable investors included Ribbit Capital, Coatue, and over 140 tech and finance entrepreneurs, such as Betsy Cohen, Eric Schmidt and Ram Shriram.