U.S. federal banking regulators issued a statement (the "Statement") on the safekeeping of "crypto-assets2" on July 14, 2025. The Statement highlights several legal, regulatory...

The Staff of the SEC's Division of Corporation Finance issued a statement clarifying that mining crypto assets on proof-of-work networks does not involve the offer and sale of securities and does not require registration with the SEC.

The "tokenization" of securities, i.e., the process of issuing or representing the ownership of traditional securities on a blockchain rather than through "book entry," aims to enhance operational and financial efficiencies for market participants.

Mortgage securitizations must navigate a number of U.S. income tax issues to optimize financing efficiency. Key issues include avoiding entity-level taxation of the issuer...

The SEC has approved Nasdaq's proposal to permit trading of securities in tokenized form, marking a significant development in the modernization of U.S. market infrastructure through blockchain technology.

Private equity investment in concierge medicine, aesthetic dermatology and medispas has surged due to cash-pay economics, recurring revenue models and fragmented markets ripe for consolidation. However, navigating state-by-state corporate practice of medicine prohibitions, licensure requirements and evolving GLP-1 regulations requires sophisticated legal structuring to protect valuations and enable successful exits.

On 18 March 2026, the CSSF published a Communication to the investment fund industry in relation to the CSSF's reporting tools for the liquidity management requirements for Luxembourg-authorised...

In view of the geopolitical developments in recent months and years, there is increasing interest from (domestic and foreign) investors, including private equity and venture capital funds, in investments in the defense sector in Germany.

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New state bills aimed at strengthening oversight over investments in the healthcare space are creating unique inflection points for healthcare real estate investment trusts (REITs).

The Federal Trade Commission settles with RentGrow for $2.25 million over Fair Credit Reporting Act violations, while the UK Treasury emphasizes cyber resilience as a strategic enabler for financial services growth. The European Data Protection Board issues new guidance on anonymization, blockchain, and AI web scraping, and the Supreme Court eliminates for-cause removal protections for FTC Commissioners.

Geopolitical developments, fiscal stability, EU industrial policy and NATO/NATO-adjacent accelerators drive deal flow in the German defense sector in autumn 2025.

9fin recently interviewed Amanjit Fagura and Colin Sharpsmith, partners in Dechert's financial services group, to discuss the rise of alternative managers in the Middle East and the legal complexities of attracting regional investors to CLOs.

The Central Bank of Ireland (the Central Bank) has published its feedback report on the 2024 ESMA common supervisory action (CSA) it conducted on Sustainability Risks and Disclosures in the Investment Funds Sector (the Report). While the Report concludes that its findings are broadly in line with regulatory expectations, the Central Bank is clear that it expects firms and their boards to consider its observations.

In this eighth edition of The Employment Edit, we report on the annual increases to UK employment compensation limits...

Over the past decade, asset managers have sought to expand investor access to private markets assets, such as private credit, real estate, infrastructure and other illiquid assets, within the regulatory framework of the 1940 Act.

Private credit valuation practices have evolved from informal processes into structured programs shaped by accounting standards and regulatory oversight. This article examines how U.S. and European approaches are increasingly aligned around governance and transparency, and why valuation readiness has become a core integration priority for firms acquiring UK/EU private credit platforms.

This achievement would not have been possible without the dedication of our Cyber Bits team, who work diligently to bring you the latest developments in cybersecurity, privacy and AI from around the globe. We endeavor to craft insightful and practical takeaways for each blurb, designed to answer two critical questions: “Why should we care?” and “What should we do?”

On September 26, 2025, the California Privacy Protection Agency ("CPPA") adopted a sweeping Stipulated Final Order ("Order") with Tractor Supply Company ("Tractor Supply") for violations of the California Consumer Privacy Act ("CCPA").

Welcome to the tenth edition of The Employment Edit – a summary of the most important recent cases and news affecting employers in the UK.