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On June 17, the Department of the Treasury released a report titled, “Financial Regulatory Reform: A New Foundation” (the “White Paper”), which provides a general outline of a plan to increase federal oversight of private investment funds and their advisers.

Morocco has made significant strides in its development objectives over the last decade.

In November 2005, a publicly-traded company announced the resignation of three of its top executive officers following an SEC investigation into the backdating of stock option grants. Since then, more than 20 companies have announced the formation of independent committees to investigate option granting practices or the existence of a government investigation into their option grants.

Plaintiffs brought a putative securities class action on behalf of investors who purchased the common units of the Blackstone Group, LP (Blackstone) at the time of its initial public offering (IPO) on June 21, 2007.

On March 3, 2011, the New York Supreme Court Appellate Division First Department affirmed the denial of a motion by defendant IAC/InterActiveCorp.

California Assembly Bill No. 1743 (AB 1743) was introduced in response to investigations into alleged corrupt practices involving the use of placement agents with respect to public retirement systems or pension funds.

On June 22, 2020, the United States Department of Labor (the "DOL") submitted a proposed regulation (the "Proposal") regarding the use of Environmental, Social and Governance

After a number of fits and starts, and a multi-year rulemaking process, FINRA has proposed to significantly revise its investment company sales compensation disclosure rule, FINRA Rule 2830, in a way that would move revenue sharing disclosure from fund prospectuses and statements of additional information ("SAI") to the point of sale and to the internet (or made available over the phone).

The year 2023 began with many, if not most, economists calling for recessions in the United States and abroad. High inflation, restrictive central banks, and slowdowns...

As indicated in a prior update, on June 22, 2011, the SEC adopted a rule (Rule) defining the term "family office" for purposes of identifying entities eligible for exclusion from registration as an investment adviser under the Investment Advisers Act of 1940 (Advisers Act).

Veteran family office operators and managers may have other quotations (or visions) from Mary Shelley's "Frankenstein" in mind

On February 3, 2006, New York State enacted Senate Bill No. 85-A, which amends publication requirements pertaining to (1) domestic and foreign limited liability companies, (2) domestic and foreign professional service limited liability companies, (3) domestic and foreign limited partnerships and (4) domestic and foreign limited liability partnerships.

For 401(k) and other retirement plans that offer company stock investments to participants, the Pension Protection Act of 2006 (PPA) creates new diversification rights for participants and bolsters these rights with a notice requirement that may be effective as soon as December 2, 2006.

Bolivia’s recent about face on LNG projects intended to supply the U.S. has prompted thoughtful investors to reexamine the pitfalls that might lie just below all those whitewater rapids that best characterize South American political economics.

Extreme weather affects our planet, our people and our business. Adapting to this "new normal" will create challenges and provide opportunities for industries and governments worldwide.

On July 2, the FDIC issued proposed guidelines that would significantly impact private equity investments in failed insured depository institutions.

Investors who hold both debt and equity in a financially distressed company may be confronted with efforts to have their debt investments recharacterized as equity. Recharacterization is an equitable remedy that bankruptcy courts have used as a basis to look past the form and characterization of an obligation as debt and find the subject obligation to be equity.

During the week of November 16, 2009, the House Financial Services Committee and the Senate Banking Committee each continued to work on their respective financial regulatory reform bills.