law practice in the sharing economy
DESCRIPTION
Over the last few years, peer-to-peer “sharing” platforms have arisen in areas as diverse as transportation, housing, catering, and everyday errands. Locally a number of regulatory bodies in cities as as divergent as Portland, OR and Berlin, Germany are grappling with these issues very publicly as it relates to car-sharing services like Lyft and Uber. Sharing economy principles and business models present many new and interesting challenges to local, state and national regulatory schemes related to health, safety, labor, taxes, and many others. This presentation with Dan Lear provides some background on the Sharing Economy, what it is and where its going as well as an overview of the regulatory and legal framework governing the businesses in this fascinating and fast growing industry.TRANSCRIPT
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Photo by Neal. - Creative Commons Attribution License https://www.flickr.com/photos/31878512@N06 � Created with Haiku Deck �
About Me �• Director Of Industry Relations for Avvo, Inc�• 6 years as a practicing lawyer, 10 years in technology�• @rightbrainlaw �• http://right-brain-law.blogspot.com/ �• Co-founder: Seattle Legal Innovation and Technology MeetUp
http://www.meetup.com/Seattle-Legal-Innovation-and-Technology-MeetUp/ �
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• Hospitality�• Co-working�• Trucking/Shipping�• Moorage�• Home Storage�
• Task Assignment �• Education�• Bikesharing �• Transportation�• Finance�
Where Do We See Sharing? �
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"The law I'm using is that the city says there are hotels and there are apartments, and the two shall never meet." -‐ Edward Singer, a/orney with Zacks & Freedman who filed an evic>on law suit against an AirBnB host in San Francisco.
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Lender Requirements – Securities Law �
• Securities Act �• New Private Placement Rules (Allowing broader general solicitation without
registration) �• State Blue Sky Laws (IPO may or may not affect their applicability) �• Security Exchange Act �• Investment Company Act �• Investment Advisors Act �• Risk Retention Requirements (Think “Great Recession” and “Financial Crisis” e.g.
Dodd-Frank Act) �• Securitization�
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Lender Requirements – Lending Laws �
• Usury Laws�• Bank Secrecy Act Regulations�• Issues Related to Third Party use of Bank
Charters �• State Licensing Requirements�
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Lender Requirements – Consumer Protection�
• Truth in Lending (TILA) �• FDTC Act, UDAP (Unfair and Deceptive Acts and Practices), and the CFPB
(Consumer Financial Protection Bureau) �• Fair Lending and Other laws�• Debt Collection Practices�• Investment Company Act �• Privacy Laws�• Electronic Commerce Laws�• The Dodd-Frank and GAO Study�
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Photo by Neal. - Creative Commons Attribution License https://www.flickr.com/photos/31878512@N06 � Created with Haiku Deck �
About Me �• Director Of Industry Relations for Avvo, Inc�• 6 years as a practicing lawyer, 10 years in technology�• @rightbrainlaw �• http://right-brain-law.blogspot.com/ �• Co-founder: Seattle Legal Innovation and Technology MeetUp
http://www.meetup.com/Seattle-Legal-Innovation-and-Technology-MeetUp/ �