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The SEC is seeking comments by October 6 on its proposed new rules under the Investment Advisory Act of 1940, as amended (IAA). If adopted, these rules would significantly curtail certain "pay to play" practices by investment advisers.

On 1 May 2006, the Bolivian government passed a law, Supreme Decree 28701, announcing that it was taking over the oil and gas resources in the country. This nationalisation policy sent shock waves throughout the oil and gas industry, especially foreign companies operating in Bolivia, including Repsol of Spain, B.P. of the United Kingdom, Total of France and Petrobras of Brazil.

On November 9, 2007 the U.S. Securities and Exchange Commission (SEC) published a Notice of Application . . .for Exemptive Relief that may significantly impact the commercial real estate industry in general and the commercial real estate brokerage and tenant-in-common (TIC) industries in particular.

On July 15, 2009, the Obama administration delivered to Congress the Private Fund Investment Advisers Registration Act of 2009 [.pdf] (the “Legislation”).

The US Department of the Treasury, Office of Foreign Assets Control (OFAC) has issued a general license to be published at 31 C.F.R. § 550.575 removing nearly all of the prohibitions on trade with Libya by US persons under the Libyan Sanctions Regulations, 31 C.F.R. Part 550 (LSR).

The number of European startups in search of funding and full of ambition to compete on the global stage has never been greater.

As we previously reported, the Pension Protection Act of 2006 (the "Act") made significant changes to the laws governing retirement plans. While the effective dates of many of these changes are staggered over the next several years, there are two related changes that are effective almost immediately, for plan years beginning on or after January 1, 2007.

The SEC proposed new rule 202(a)(11)-2 under the Investment Advisers Act of 1940 ("Advisers Act") to except FDIC-insured thrift institutions from the Advisers Act to the extent they are engaged in certain activities.

As property catastrophe reinsurance companies suffer losses stemming from Hurricanes Katrina, Rita and Wilma,many have raised capital in the public markets to allow them to underwrite for 2006 renewals.The traditional means of raising capital include the issuance of equity or catastrophe bonds through public offerings.

On December 27, 2006, the Securities and Exchange Commission ("SEC" or the "Commission") released a proposed new rule under the Investment Advisers Act of 1940 (the "Advisers Act") to specifically prohibit fraud by investment advisers to pooled investment vehicles.

On June 22, 2011, the US Securities and Exchange Commission (the "SEC") issued Release IA-3221 (the "Release"), which adopts several rules implementing various provisions of the Dodd-Frank Act that amend the US Investment Advisers Act of 1940 (the "Advisers Act").

In round one of the litigation concerning whether a US Bankruptcy Court would provide Chapter 15 assistance to the liquidators of two Cayman-registered Bear Stearns hedge funds, the Bankruptcy Court for the Southern District of New York concluded that the funds were not eligible for Chapter 15 assistance.

Two new procurement and campaign contribution regulations, P.A. 95-971 (the "New Ethics Law") and Executive Order No. 3 (2008) (the "Executive Order"), are in effect in Illinois as of January 1, 2009.

ESG − that is, the consideration of environmental, social, and governance factors in choosing investments or operating businesses − has become a hot topic in the investment world.

Responding to the challenges of an increasingly fast-paced, complex competitive environment, companies have invested heavily to transform themselves into information-driven businesses. Many organizations have earned value from these investments.

Health Savings Accounts ("HSAs") were created by the Medicare Prescription Drug, Improvement, and Modernization Act of 2003 (Public Law 108-173; 117 Stat. 2446), signed into law by President Bush on December 8, 2003. Financial institutions may be interested in offering this relatively new product, or may be approached by an entity such as an employer seeking a trustee or custodian for an HSA product that it wishes to make available to its employees with high-deductible health plans. Accordingly,

There is a delicate balance between maintaining the status quo and tackling transformational initiatives to gain a competitive edge.