Business Law and Corporate Law

On 27 April 2026, the staff (Staff) of the Securities and Exchange Commission (SEC) issued a no-action letter that extends to open-end funds, subject to certain conditions, exemptive relief that permits business development companies (BDCs) and registered closed-end funds to co-invest alongside affiliates in transactions otherwise prohibited under Sections 17(d) and 57(a)(4) of the Investment Company Act of 1940, as amended.

On Monday, the SEC staff issued a no-action letter that allows registered open-end funds, including mutual funds and ETFs, to co-invest under the simplified exemptive orders that it began issuing in 2025.

In a post-trial opinion arising from a highly fact-intensive dispute that reads as much like a family drama as a corporate governance treatise...

Each of Nasdaq Stock Market LLC (Nasdaq) and NYSE American LLC (NYSE American) has recently proposed, and Nasdaq has implemented, changes to its initial listing standards to heighten the financial and other standards required for initial listing, signaling a broader push to strengthen market quality and investor protections.

In a post-trial opinion arising from a highly fact-intensive dispute that reads as much like a family drama as a corporate governance treatise...

Anthropic's Claude Mythos Preview represents a fundamental shift in cybersecurity risk, with early reports suggesting the AI model can identify zero-day vulnerabilities faster than traditional scanning workflows.

In the life sciences sector, securing funding and achieving market leadership requires more than groundbreaking innovation. Companies must implement strategic intellectual property...

Join hosts Jessica Stewart and Lauren Russell as they sit down with Rachel Moseson Dikovics and Mikayla Berliner to explore their journeys from alternative career paths into law.

Foley partner Susan Pravda shares how a relationship-driven approach has shaped her four-decade legal career, from a chance encounter on her first day of practice to her current role leading the firm's Health Care & Life Sciences Sector. She discusses the importance of viewing clients as people rather than entities, being present during pivotal moments, and trusting your instincts when navigating uncertainty.

Judge Rakoff's ruling in United States v. Heppner establishes that using commercial generative AI tools to process confidential information may destroy attorney-client privilege and work product protection.

Many companies conduct periodic self-audits concerning compliance with environmental regulations. While these internal reviews are useful in efforts to maintain regulatory compliance...

Last week we wrote about how attorney-client privilege can be lost in domestic M&A when brokers, consultants, and other non-legal advisors are pulled into legal communications.