August 9, 2022

Magazine State

Willard Blair to Chair Chapter 517 Process Drive for Enterprise Legislation Part of the Florida Bar

TAMPA, FL — Shumaker Associate Willard (Will) Blair has been appointed by the Government Council of the Florida Bar’s Enterprise Legislation Part to chair a Chapter 517 Process Drive (the Process Drive), the place he’ll work alongside a choose group of esteemed securities legal guidelines practitioners, together with Russell C. Weigel, III, Commissioner of the Florida Workplace of Monetary Regulation (OFR) and Stuart R. Cohn, Emeritus Professor of Legislation on the College of Florida’s Levin School of Legislation, to organize reform laws for Chapter 517, Florida’s securities legal guidelines statute.

The Process Drive will work to assessment and advocate legislative measures to Chapter 517. Reform has been a longstanding aim of the Florida Bar’s Firms, Securities and Monetary Providers Committee, and it has the direct assist of the Commissioner, who supervises the Division of Securities. 

“The Workplace of Monetary Regulation is dedicated to modernizing the monetary companies trade whereas defending Florida traders, and the reform of Chapter 517, Florida Statutes, will enable innovation to develop and thrive whereas guaranteeing Floridians are protected against scams and dangerous actors,” OFR Commissioner Russell C. Weigel, III, stated. “I sit up for working with Mr. Blair and the Chapter 517 Process Drive to revise outdated language, improve investor protections, and enhance the capability for Florida-based corporations to boost cash whereas additionally rising native funding alternatives for Floridians.”

“The Florida Securities and Investor Safety Act has remained considerably unchanged for a few years regardless of main developments in federal securities legal guidelines and the modernization of securities legal guidelines in different states. In consequence, Florida-based companies wouldn’t have capital-raising alternatives which can be accessible in different states. As well as, investor safety provisions within the Act should be up to date and improved,” acknowledged Will. 

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Practising legislation for greater than 15 years, Will focuses on company and securities legal guidelines and mergers and acquisitions. His sensible, solutions-oriented method permits him to efficiently counsel purchasers in all points of private and non-private firm illustration, together with non-public placements, reporting obligations underneath the Securities Trade Act of 1934, basic company governance issues, and mergers and acquisitions for each publicly traded companies and privately held entities. Will focuses on understanding his purchasers’ enterprise aims on the outset of a transaction and guides purchasers with sensible, business-oriented options.

Whereas on the College of Florida, Will served because the galleys editor of the Florida Legislation Evaluation and as an Government Board Member of the College of Florida Trial Group. He additionally served as a judicial intern for the Honorable Maurice M. Paul, United States District Court docket Choose for the Northern District of Florida. Moreover, Will earned Ebook Awards in Company Taxation and Trial Apply and was a educating assistant for Authorized Analysis and Writing and Appellate Advocacy. He was additionally a professional bono volunteer for the Eighth Judicial Circuit of Florida.

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