Paul Tauber represented Bankons (think Banks & Coupons), a San Francisco-based mobile offers service, in an asset transaction with credit card and financial services company, Capital One for its Digital Innovation Lab. Bankons built an app and platform to help consumers get the best offers via mobile phones using geo-location and purchase histories. Following the close of the transaction, BankOns will remain a separate and independent company. Financial terms of the deal were not released.
SAN FRANCISCO, May 7, 2012 – Coblentz, Patch, Duffy & Bass congratulates Jeffrey Sinsheimer on his appointment as an Adjunct Professor at UC Hastings. Mr. Sinsheimer will be teaching a Telecommunications Law Seminar in the Fall 2013 semester. Known as a go-to lawyer in the telecommunications field, Mr. Sinsheimer will be teaching government regulation of the telecommunications industry. His focus will be on developments that have occurred over the fifteen years since the Telecommunications Act of 1996 was adopted: the evolution of policy issues facing Congress and the states, and the constitutional, jurisdictional and statutory questions facing administrative agencies and the courts.
As we have previously reported, this is the best opportunity in modern history for affluent families to transfer wealth to junior generations. Congress implemented several tax provisions impacting gift, estate and GST tax planning that are effective only for 2011-2012, which are presently set to expire on December 31, 2012.
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In February, 2012, the Obama Administration presented its 2012-2013 budget proposal, that included several provisions that would have a profound effect on the estate, gift and generation-skipping tax (GST) law. Although it is unlikely that these proposals will become effective in their current form, it is a strong indication of the direction that future legislation may take.
