Business Law and Corporate Law

The SEC has proposed amendments to custody rules under the Investment Advisers Act and Investment Company Act that extend beyond crypto assets to address longstanding practical challenges in traditional finance. These modernizations include eliminating PCAOB supervision requirements for private fund audits, codifying fund-of-funds delivery extensions, clarifying discretionary trading authority for non-DVP transactions, and rewriting broker-dealer custody rules for registered funds.

On September 30, 2026, the Securities and Exchange Commission (the “SEC”) published a series of proposals and related notices designed to expand access for individual investors to private markets. If adopted, the proposals would: (i) relax restrictions on performance-based compensation in regulated funds (including business development companies (“BDCs”)) and certain private funds...

The Securities and Exchange Commission has published notices aimed at modernizing the "accredited investor" definition, potentially introducing an accredited investor exam and expanding professional designations that qualify individuals for private market investments. These proposed changes could significantly broaden access to private capital markets beyond traditional wealth-based criteria by recognizing financial sophistication through knowledge-based qualifications.

When it comes to estate planning, even the rich and famous are not immune to costly mistakes. This examination of celebrity estate planning mishaps reveals how iconic figures have fallen victim to oversights leading to legal battles, unintended heirs, and millions in tax losses, offering valuable lessons for legal professionals and individuals alike.

Joshua S. Rubenstein of Katten's Private Wealth Department co-authored a chapter in the newly released third edition of the American Bar Association's comprehensive guide to international estate planning. The publication addresses the growing complexity of cross-border wealth management as families and assets increasingly span multiple jurisdictions. Written by leading international practitioners and tax professionals, the guide provides essential insights for lawyers, fiduciaries, family office professiona

Young athletes are earning significant income through NIL deals before turning professional, yet traditional financial advisory models introduce legal and estate planning too late in their careers. How can the sports industry better protect athletes' wealth by establishing coordinated advisory teams, trust structures, and comprehensive planning during the NIL era rather than waiting until after major contracts are signed?

On July 29, 2026, the Delaware Court of Chancery, in Drakes Landing Associates, L.P. v. Tilden Park Capital Management, L.P., issued the first judicial opinion interpreting the fiduciary duties of PBC directors in change-of-control transactions. The Court held that the traditional Revlon duty to maximize shareholder value does not apply to PBCs.

Artificial intelligence is transforming boardroom governance, enabling directors to research, draft, and analyze information with unprecedented efficiency. However, this convenience introduces significant risks...

In Corporate Woods 15, LLC v. West Bradford Corp., 2026 NY Slip Op 51642(U) (Sup Ct, Albany County Sept. 23, 2026), Justice Richard Platkin confronted that question in a dispute involving a century old, family-owned commercial real estate enterprise, multiple affiliated limited liability companies, and a proposed dissolution of a holding company that threatened to trigger a “flow down” liquidation of the underlying realty businesses in which the holding company was a member.

Mary Ellen Powers reflects on her groundbreaking four-decade career at Jones Day, from becoming the first woman Firm Administrative Partner to leading major expansions across Europe and the Middle East. What lessons has she learned about leadership, client service, and advancing women in the legal profession?

A White male plaintiff has filed a lawsuit against Edward Jones, challenging the company's "Goodknight" diversity program that allegedly incentivizes financial advisors to transition clients to female or other diverse advisors. The case represents one of several recent reverse discrimination lawsuits targeting corporate DEI initiatives, raising questions about the legal boundaries of workplace diversity programs under Title VII of the Civil Rights Act.

Human resources departments are rapidly adopting artificial intelligence to streamline operations, but this technological shift raises critical questions about algorithmic fairness and representation. When AI development remains concentrated among a handful of companies and excludes diverse perspectives, can these tools truly serve all employees equitably? The intersection of machine learning and workplace diversity reveals troubling patterns that demand immediate attention from HR professionals.