Now more than ever, technology is influencing the way we do business, communicate, move through and around the world, access and manage our homes, receive and administer healthcare, make purchases, secure information, and protect our most valuable property. Morrison Foerster keeps pace with this rapidly evolving landscape across our internationally recognized corporate, finance, intellectual property, and litigation practices. MoFo Tech brings together our insights relating to fields such as blockchain and distributed ledger, cloud and as-a-service technologies, driverless cars, drones, fintech, computer hardware and software, the Internet of Things, semiconductors, and telecommunications. The MoFo Tech blog offers real-time, in-depth analyses of the trends and complex issues shaping the global technology industry.<h2>ABOUT MORRISON FOERSTER</h2>Morrison Foerster is a leading global law firm that transforms complexity into advantage for its clients. Our clients include some of the largest financial institutions, banks, consulting and accounting firms, and Fortune 100, technology, and life sciences companies. Highlighting the firm’s commitment to client service, leadership in market-changing deals and impact litigation, and values-based culture, Morrison Foerster has been repeatedly recognized as one of the top 10 firms on The American Lawyer’s A-List. Year after year, the firm receives significant recognition from Chambers and The Legal 500 across their various guides, including Global, USA, Asia‑Pacific, Europe, UK, Latin America, and FinTech Legal. Our lawyers passionately care about delivering legal excellence while living our values. Morrison Foerster has a long-standing commitment to creating a culture that respects and celebrates differences, while providing an inclusive environment. The firm has achieved Mansfield Certification Plus since 2018 as a result of successfully reaching at least 30 percent women, communities of color, and LGBTQ+ lawyer representation in a notable number of current leadership roles and committees. The firm also has a long history of commitment to the community and society through providing pro bono legal services, including litigating for civil rights and civil liberties, improving public education and fostering the wellbeing of children, advocating for veterans, promoting international human rights, enforcing the right to asylum, and safeguarding the environment.

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Scott Llewellyn’s practice focuses on complex litigation in federal and state courts around the country, with an emphasis on patent and trade secret disputes. Over the past decade, he has worked on some of the most significant, high–profile IP cases involving technology for televisions, smartphones, and self–driving cars, relying on 40 years of experience with computer hardware and software. Scott also has significant experience with business divorce cases before courts and arbitrators, involving a mix of trade secret, patent, tort, and contract claims relating to technology development and implementation.Scott also has successfully tried general commercial arbitration and agency matters, briefed and argued various appeals in federal appellate court, and tried more than 20 cases for the Denver City Attorney’s office, most of them jury trials.Scott also has an active pro bono practice, having worked on a variety of criminal and immigration appeals, and having represented Colorado criminal defense and mental health organizations in high–profile suits against the state of Colorado for violations of the constitutional rights of defendants.At MoFo, Scott serves on the board of the Morrison & Foerster Foundation. In the broader legal community, he serves on the boards of the Colorado Lawyers Committee and Drop in the Bucket (a charity that builds wells and sanitation systems in sub–Saharan Africa).After law school, Scott clerked for the Honorable Clarence A. Brimmer, District of Wyoming, and the Honorable Diarmuid F. O’Scannlain, Ninth Circuit. He was also previously an adjunct professor at the Georgetown University Law Center.

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Scott Llewellyn’s practice involves complex litigation before state and federal courts around the country, with an emphasis on patent and trade secret disputes for high-tech companies, to which he brings more than 35 years of experience with computer hardware and software, in particular relating to the processing and transmission of audio, video, voice, and other types of data. Mr. Llewellyn has also tried commercial arbitration and agency matters; briefed and argued various appeals in federal appellate court; and tried more than 20 cases for the Denver city attorney’s office, most of them jury trials.

Scott F. Llewellyn

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MoFo Tech brings together legal insights and in-depth analyses on trends and complex issues shaping the global technology industry, covering fields such as blockchain and distributed ledger, cloud and SaaS technologies, driverless cars, drones, FinTech, computer hardware and software, the IoT, semiconductors, and telecommunications.

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Provides insights and reports on the most current class actions lawsuits and product liability issues that affect consumer-facing companies.

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News and thought leadership from lawyers who are adding value to the legal profession and the communities we call home.

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MoFo Tech brings together legal insights and in-depth analyses on trends and complex issues shaping the global technology industry, covering fields such as blockchain and distributed ledger, cloud and SaaS technologies, driverless cars, drones, FinTech, computer hardware and software, the IoT, semiconductors, and telecommunications.

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At the Intersection of Technology, Law, and Business

At the Intersection of Technology, Law, and Business

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Transforming Tomorrow: The Rise of AI in the Workplace

Current State of the AI VC Financing Market

The Bad Guys Have AI, Too

MoFo Tech Law Summit – Tech and Antitrust: Policy Shifts in the Second Trump Administration

MoFo Tech Law Summit – Responsible Tech: Policy Becomes Practice

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The Japanese Financial Services Agency (“FSA”), Japan’s primary financial regulator, announced on March 15, 2019, that it was submitting a bill to the Diet to amend both the Payment Services Act (the “PSA”) and the Financial Instruments and Exchange Act (the “FIEA”) relating to how the purchase and sale of cryptocurrencies is regulated in Japan (the “Proposed Amendment”).In Japan, the current regulations governing businesses that purchase or sell cryptocurrencies, intermediate the purchase or sale of cryptocurrencies, or provide exchange services for cryptocurrencies (collectively, “Virtual Currency Exchange Services”) were introduced via an amendment to the PSA in 2016, which came into effect on April 1, 2017. Under the PSA, companies providing Virtual Currency Exchange Services on a “business basis” are generally required to register with the FSA in advance.As of March 25, 2019, there were 19 registered providers of Virtual Currency Exchange Services (“Virtual Currency Exchange Service Providers”) in Japan, and it has been reported that there are many others waiting in line for their licenses to be issued. However, the FSA delayed processing pending applications after a series of sanctions were imposed on several Virtual Currency Exchange Service Providers (and other entities grandfathered in to operate such services under the 2017 amendment to the PSA) over the past year due to issues, such as the insufficient management of their operations, failure to comply with applicable regulations, and losses of a significant quantity of cryptocurrencies as a result of security breaches and computer hacks. As a result of these events, the FSA raised its standards for granting new licenses (essentially temporarily suspending the process) while simultaneously preparing the amendments to the PSA that were recently proposed.Prior to drafting the Proposed Amendment, the FSA set up a Study Group on Virtual Currency Exchange Services in March 2018, which published a report regarding its recommendations on December 21, 2018. The Proposed Amendment is generally in line with the recommendations set forth in the report.Read our <a href="https://protect-us.mimecast.com/s/519bC1wBEMsrQWD5UpU1EH">client alert</a>.

SoftBank and HAPSMobile’s renegotiation of the joint venture with AeroVironment, Inc.

A global software company’s joint venture to commence operations in Japan

Mitsubishi UFJ Financial Group’s US$706 million investment in Grab Holdings Inc.

Mitsubishi Heavy Industries’ US$550 million carve-out acquisition

SoftBank Group’s US$9.6 billion investment in Xiaoju Kuaizhi Inc.

Alibaba Group’s acquisition of an equity interest in Ant Financial.

Toshiba’s divestiture of its legacy TV business to Hisense Electric Co., Ltd.

A global technology consulting firm’s software licensing and open source issues

Softbank’s US$1 billion investment in OneWeb

Kaken Pharmaceutical’s various development and commercialization partnerships

SoftBank’s IP and commercial issues

Otsuka’s development and commercialization agreement

TDK’s joint venture with Qualcomm

Splunk’s acquisition of Caspida, Inc.

AccuWeather’s joint venture with Huafeng Media Group

Yahoo! Japan’s partnerships with various advertising technology service providers

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Seth Graham is a partner in Morrison & Foerster’s Technology Transactions Group and advises clients on a wide range of transactional matters involving technology and intellectual property, including licensing arrangements, technology transfers, outsourcing transactions, development agreements, and other commercial and services arrangements.

Seth M. Graham

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FSA Proposes Bill to Amend Japanese Laws Regulating Cryptocurrency-Related Businesses

A Rush to Patent the Blockchain Is a Sign of the Technology’s Promise

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The Japanese Financial Services Agency (“FSA”), Japan’s primary financial regulator, announced on March 15, 2019, that it was submitting a bill to the Diet to a

FSA Proposes Bill to Amend Japanese Laws Regulating Cryptocurrency-Related Businesses

The United Kingdom’s Financial Conduct Authority published draft guidance on the circumstances in which crypto-assets will fall within its regulatory perimeter and has invited comments and feedback on the draft guidance by 5 April 2019.  In particular, it explains how it divides crypto-tokens into the categories of security tokens (which will usually be regulated), exchange tokens, such as crypto-currencies (which will usually not be regulated by the FCA), and utility tokens (which will usually not be regulated by the FCA) and how it determines into which category a particular crypto-asset falls.This alert will be of particular interest to all stakeholders in the blockchain and crypto-assets sector who are undertaking UK-linked activities or targeting UK investors.Read our <a href="https://protect-us.mimecast.com/s/rUmqCR65kXUwYny8tPHLFv">client alert</a>.

FCA Guidance on UK Crypto-Assets Regulation

The United Kingdom’s Financial Conduct Authority published draft guidance on the circumstances in which crypto-assets will fall within its regulatory perimeter 

FCA Guidance on UK Crypto-Assets Regulation

Dario de Martino discusses the real possibilities and opportunities around security tokens, from a business standpoint, the legal perspective, and from a retail investor point of view. Topics include:<ul><li>What are the advantages of tokenizing securities?</li><li>How do Securities laws work generally in the U.S.?</li><li>What are the main SEC regulations that are related to blockchain projects and tokenizing securities?</li><li>What happens if a company offers a security token to people around the world (except the U.S.) and then it’s sold back to someone in the United States?</li><li>What kind of securities do you think will be tokenized in the future and are there any you’re excited about?</li></ul><div>Listen to the Blockchain Podcast Network's episode to learn more. </div>

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Tokenization + the SEC – Part 1

UK Regulations: Urgent Action Required from Loan-Based Crowdfunding Platforms

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Dario de Martino discusses the real possibilities and opportunities around security tokens, from a business standpoint, the legal perspective, and from a retail

Tokenization + the SEC – Part 1

KISS

U.S. Silica Holdings, Inc.

Ascendent Capital Partners

Astellas 

Qatalyst Partners/Multiple Transactions

Southwest Gas

Axalta

Winterhawks Sports Group

Vimian Group AB/Multiple Transactions

Fidelio Capital/Multiple Transactions

Odevo AB/Multiple Transactions

Verdane

Aegis Ventures

Evercore Partners/Multiple Transactions

Ducera Securities/Multiple Transactions

Exantas Capital Corp.

Vonage/Multiple Transactions

Whitestone REIT/Multiple Matters

DaVita/Multiple Transactions

Inovalon/Multiple Transactions

DST Systems/Multiple Transactions

Banc of California/Proxy Contest Defense

Rao’s Specialty Foods/Advent International

TMI Hospitality/Starwood Capital Group

Kajima/IDI

Terumo/CaridianBCT

AmREIT/Takeover Defense

American Pacific/Proxy Contest Defense

NTT Data/Multiple Transactions

GMAC LLC/Transformative Transactions

HLTH Corporation/Multiple Transactions

Jean Coutu Group/Eckerd and Brooks

New York Stock Exchange/Transformative Transactions

Merrill Lynch/Entergy-Koch Energy Trading Business

Novartis AG /Multiple Transactions

JLB Group/Sneakz

Catalyst Biosciences/Targacept

Mighty Leaf Tea/Peet’s Coffee

VIEW Entertainment/ESOP

Braintrust Investments/Multiple Transactions

Robert’s American Gourmet Foods/VMG Partners

Seal-It/Printpack

Quest Diagnostics/Focus Diagnostics

Soros Fund Management/Dune Capital Management/Purchase of DreamWorks Library

Regis Corporation/Reverse Morris Trust Acquisition of Sally Beauty

Apropos Technology/Proxy Contest Defense

Specialty Laboratories/AmeriPath

Centerpulse Ltd./Sale of Multiple Business Segments

IDT/Unsolicited Offer for ITXC

Strategic Software Holdings/Unsolicited Offer and Proxy Contest

Click Commerce/Unsolicited Offer by Insight Venture Management

Dycom Industries/Arguss Communications

Barrick Gold/Homestake Mining Company

Merlin BioMed Group/Multiple Transactions

Telefonaktiebolaget LM Ericsson/Multiple Transactions

S.A. Industrias Votorantim/Lafarge S.A.

Dycom Industries/Shareholder Rights Plan

Profit Recovery Group/Shareholder Rights Plan

Syngenta AG/FLINT Fungicide Business

Welch Allyn Data Collection/PSC Inc.

Brach’s Confections/Tootsie Roll

Groupe Danone/McKesson Water Products

First Bell Bancorp/Shareholder Proposal

Consolidated Fruit (BVI) Ltd. /Chiquita Brands Investment

SMG-II/Multiple Transactions

Hochtief AG/Turner Corporation

Sulzer Medica Ltd./Guidant Corporation

Tiger Management/Provident Companies Stock Purchase

Ispat International N.V./Inland Steel

The BOC Group plc/Ohmeda Healthcare

Kollmorgen/Unsolicted Tender Offer and Proxy Contest for Pacific Scientific

Trizec Hahn/Clark USA

Raab Karcher AG/Wyle Electronics

SafeSpace Productions LLC

Bergen Brunswig/IVAX Proposed Merger of Equals

ARM Financial Group/Multiple Transactions

Global Co-Chair of M&A Practice

Spencer Klein

Transforming the U.S. Healthcare Industry with Blockchain Technology