Market participants employ four main credit risk transfer structures—bank-issued CLNs, SPV-issued CLNs, credit default swaps, and participation interests—each carrying distinct risk, regulatory, and funding profiles that require careful evaluation. Asset managers must navigate critical considerations including due diligence protocols, credit event definitions, and recovery rights to optimize returns. Recent Basel 3 re-proposals in the U.S. and regulatory developments in the E.U. and U.K. are res

The Financial Reporting Council (the FRC) published the UK Stewardship Code 2026 (the 2026 Code) on 3 June 2025, replacing the current UK Stewardship Code 2020 (the 2020 Code).

The European Commission has proposed a rule simplification package, known as Omnibus IV, aimed at, among other things, easing the regulatory burden of the GDPR on small and medium sized companies...

The UK Supreme Court has delivered its judgment in HMRC v Bluecrest Capital Management (UK) LLP, addressing critical questions about when LLP members should be treated as self-employed versus employees for tax purposes. The ruling clarifies the interpretation of "disguised salary" and "significant influence" tests, establishing that influence must derive from legally enforceable rights rather than informal commercial importance.

Antitrust, merger controls and national security regulations, as well as sanction regimes and export controls, are reframing the investment landscape for GPs and having a direct impact on dealmaking.

A revised version of the Standard Form 328 ("SF-328"), used by the Defense Counterintelligence and Security Agency ("DCSA") to assess Foreign Ownership, Control...

Private equity firms and REITs with national investment strategies may need to consider that acquisitions that are acceptable in one jurisdiction could face significant hurdles in others...

On 20 March 2025, the UK Serious Fraud Office (SFO), French Parquet National Financier (PNF) and the Office of the Attorney General of Switzerland (OAG) announced the formation of a new taskforce to tackle international bribery and corruption.

This monthly newsletter examines pivotal developments in product liability and mass tort litigation, including the Sixth Circuit's landmark reversal of class certification that rejected formulaic damages models, FDA's dual approach to AI regulation in pharmaceutical manufacturing and clinical trials, and the Supreme Court's expansive interpretation of federal officer removal jurisdiction.

President Trump issued an Executive Order on January 20, 2026, entitled "Stopping Wall Street from Competing with Main Street Homebuyers" (the "Order"), directing federal agencies to take steps...

Today's guest post is from Dechert‘s Mary Kim. She takes a closer look at a case where plaintiff's use of AI landed them in hot water and how defendants can make the most of these situations.

We are honored and humbled to have been named Law360 Cybersecurity and Privacy Practice Group of the Year for 2025!

Nonetheless, it certainly underscores the need for covered entities and their vendors to tighten vendor oversight, security controls, and incident response around outsourced operations.

This judgment arises in a claim issued by seven celebrities (the "Claimants") against Associated Newspapers Limited ("Associated") in connection with alleged unlawful information gathering, including phone hacking.

The Financial Conduct Authority's new non-financial misconduct rule, which came into force on September 1, 2026, creates an express prohibition on serious bullying, harassment and violence within the individual conduct rules applicable to all firms under the Senior Managers and Certification Regime. Non-bank financial firms—including hedge funds, private equity managers and asset managers—face disproportionate challenges due to smaller compliance teams, performance-driven cultures and less estab

The UK Supreme Court has ruled that businesses receiving government furlough payments during the Covid-19 pandemic must deduct those amounts from their business interruption insurance claims where savings clauses apply.

Foreign issuers looking to tap U.S. capital markets, as well as companies with foreign operations, should reexamine and fortify internal controls...

A National Association of Insurance Commissioners (the "NAIC") task force has proposed nine principles to be considered when adjusting risk-based capital ("RBC") for insurance companies.

New York State has enacted a controversial annual surcharge on high-value residential properties in New York City that do not serve as primary residences, targeting owners of second homes...

We are honored and humbled to have been named Law360 Cybersecurity and Privacy Practice Group of the Year for 2025!