The SEC's Has A Rule For That (Sort Of) . . .

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How do some nonprofit organizations develop and prosper, while others appear passive and static? Thriving and effective nonprofit boards share some important characteristics, which do not include "boring" board meetings.

Since its establishment by executive order by President Ford in 1975, the Committee on Foreign Investments in the United States, popularly referred to as "CFIUS," has monitored national security...

Healthcare M&A activity maintained steady momentum through Q2 2026, driven by physician practice consolidation, AI-enabled technology acquisitions, and strategic outpatient expansion. Private equity investment persisted despite intensifying regulatory scrutiny of MSO arrangements, while digital health buyers paid significant premiums for platforms demonstrating production-grade AI capabilities and proprietary data assets.

On 30 September 2026, the SEC proposed rule amendments advancing Chairman Paul S. Atkins’ “responsible retailization” of private markets, expanding retail access to private-market strategies while adding key investor safeguards.

The SEC and CFTC have fundamentally shifted their enforcement approach in 2026, moving away from high-volume technical violations toward targeted actions addressing serious fraud and market manipulation. This mid-year update examines new leadership priorities, enhanced inter-agency coordination, revised cooperation policies, the elimination of "no-deny" settlement provisions, and a landmark Supreme Court ruling on disgorgement that collectively reshape the regulatory landscape for market participants.

Delaware continues to issue verified report notices that can require companies to certify their unclaimed property reporting and provide supporting information within specified deadlines.

As we look ahead to 2025, the landscape of debt financing and M&A activity is poised for significant transformation.

What Every Owner Needs to Know Before Signing on the Dotted Line

On September 30, 2026, the U.S. Securities and Exchange Commission (the “SEC”) published a series of notices[i] seeking public comment on significantly expanding the definition...

California Governor Gavin Newsom has signed multiple state housing bills into law that will take effect January 1, 2027, introducing significant changes to housing development regulations across the state. These new laws establish streamlined ministerial approval processes for various housing types, from high-density transit hub projects in major cities to townhomes and factory-built housing, while also reforming ADU regulations, permit processing requirements, and density bonus provisions. Will these legis

California's Starter Home Revitalization Act receives significant enhancements through Senate Bill 1116, expanding site eligibility criteria, limiting local zoning restrictions, and invalidating certain private deed covenants to accelerate small-lot residential subdivisions. The legislation introduces streamlined 60-day ministerial approvals while establishing new rules for lot size averaging, height restrictions, and concurrent permit processing that fundamentally reshape the pathway for starter home devel

California has enacted comprehensive legislation requiring data center developers to disclose water usage and demonstrate supply adequacy before obtaining permits. These new laws impose water supply assessments, efficiency reporting, and drought contingency planning obligations that fundamentally reshape the regulatory landscape for data center development in the state.

Mechanic's liens pose significant challenges for property owners and developers in California construction projects, even when they have fulfilled their payment obligations. Understanding the strict procedural requirements, timing deadlines, and available remedies can help owners protect their projects from improper claims and efficiently resolve legitimate liens when they arise.

California voters will soon decide on Proposition 45, the Building an Affordable California Act (BACA), which promises to revolutionize CEQA environmental review for essential projects including housing, infrastructure, and renewable energy developments. The initiative would establish vested CEQA standards, accelerated review timelines, and significantly reduced litigation risks for qualifying projects. Will this landmark reform provide the certainty developers need, or will ambiguities in its broad provisi

The Bureau of Land Management has authorized the Pearl Geothermal Development Project using a controversial 14-day expedited environmental review process, marking the first new geothermal power plant approved under emergency permitting procedures implemented in response to President Trump's national energy emergency declaration. While the project underwent multiple phases of review over several years before final approval, questions remain about whether future projects conceived after these Alternative Arra

San Francisco's Board of Supervisors has approved sweeping housing reforms that dramatically reduce inclusionary affordable housing requirements and development impact fees. The legislation eliminates BMR obligations for projects under 25 units, slashes on-site requirements to 5% citywide, and cuts development impact fees by 67%, while a companion ballot measure seeks to expand the Affordable Housing Trust Fund to $125 million annually by 2036.

Does a member of a limited liability company owe a fiduciary duty to the company and the other members? Section 17704.09(a) of the California Corporations Code states that a member owes a duty of loyalty and a duty of care.

California's State Water Resources Control Board has implemented sweeping changes to water diversion measurement and reporting regulations, requiring rights holders to upgrade equipment, formalize methodologies, and submit standardized data through the new CalWATRS platform. With critical deadlines approaching in October 2026 and January 2027, water users face substantial compliance obligations backed by penalties of up to $10,000 per day for violations. What specific steps must diverters take now to ensure

California's Department of Fish and Wildlife has issued comprehensive new guidance that dramatically expands protection requirements for four candidate bumble bee species under the California Endangered Species Act. The 2026 guidance introduces strict survey timelines, seasonal construction restrictions, and mandatory onsite biological monitoring that will significantly impact project planning and budgets across the state. Project developers now face narrow construction windows, 60-day advance survey submis