Insights and updates

From emerging regulation to deal mechanics, we write about the questions founders and investors actually ask — practical analysis you can put to work.

Blue Sky Laws (U.S. State Securities Regulation)

Blue Sky Laws are the U.S. state-level securities regulations that operate in parallel with federal SEC regulation — requiring registration of securities offerings, licensing of broker-dealers and investment advisers, and enforcement of anti-fraud rules at the state level.

Rule 144 (Resale Restrictions)

Rule 144 is the U.S. SEC safe-harbor rule governing the resale of restricted securities and securities held by affiliates of an issuer — providing the principal mechanism through which holders of privately-issued securities (Reg D, Reg S, M&A consideration shares, ESOP grants) can resell those se…

Regulation A+ (Mini-IPO)

Regulation A+ (Reg A+) is the U.S. SEC’s framework for “mini-IPO” public offerings — created by the 2012 JOBS Act as a streamlined alternative to traditional registered offerings, allowing companies to raise up to $75 million annually through a less burdensome registration process than Form S-1 I…

Regulation S (Offshore Offering Exemption)

Regulation S (Reg S) is the U.S. SEC’s safe-harbor exemption for offerings made outside the United States to non-U.S. persons — enabling U.S. issuers to raise capital from foreign investors and foreign issuers to access non-U.S. markets without triggering U.S. registration requirements.

Regulation D (Private Placement Exemption)

Regulation D (Reg D) is the U.S. SEC’s principal framework of safe-harbor exemptions from the registration requirements of the Securities Act of 1933 — enabling companies to raise capital from accredited (and limited non-accredited) investors without the cost and disclosure burden of registered p…

Restricted Stock Unit (RSU)

A Restricted Stock Unit (RSU) is an equity-compensation instrument representing a contractual promise to deliver shares (or cash equivalent) upon satisfaction of vesting conditions — typically time-based, performance-based, or hybrid.

Kıdem Tazminatı (Turkish Severance Pay)

Kıdem tazminatı is Turkish statutory severance: 30 days of final dressed gross wage per year of service after one year of employment, capped at TRY 73,729.87 per year as of July 2026, income-tax exempt up to the ceiling.

Garden Leave

Garden leave is a contractual arrangement during which an employee who has given or received notice of termination is removed from active duties but remains technically employed and continues to receive full salary and benefits — effectively “tending the garden” rather than performing work.

Non-Solicit (Non-Solicitation Covenant)

A Non-Solicit (non-solicitation covenant) is a contractual provision restricting an individual’s ability to solicit, hire, or do business with specified categories of customers, employees, or business partners of their former employer for a defined post-termination period.