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Greenberg Traurig, LLP
Under U.S. tax law, gains recognized by foreign persons and entities upon the disposition of investments in certain U.S. assets (e.g., corporate stock and securities) are generally sourced outside...
Lowenstein Sandler
The New Jersey Appellate Division has ruled on behalf of Lowenstein client First Real Estate Investment Trust of New Jersey (FREIT), a publicly-traded real estate investment trust...
Mayer Brown
On April 24, 2024, the Treasury Department and the IRS released final regulations under Section 897 that change the rules for determining whether qualified investment entities (QIEs)...
Schulte Roth & Zabel LLP
The Final Regulations largely adopt the Proposed Regulations with certain modifications.
Arnold & Porter
The mission of the U.S. Securities and Exchange Commission (SEC) is to protect investors, maintain fair orderly, and efficient markets, and facilitate capital formation, and the SEC&'s reach can be...
Goodwin Procter LLP
Fund-level subscription-secured revolving lines of credit are a well-established instrument in the toolkits of a variety of private equity fund sponsors and managers...
Torys LLP
The United States Treasury Department and Internal Revenue Service issued final regulations that clarify how a U.S. REIT determines whether it is "domestically controlled" for purposes of applying the exemption .
Taft Stettinius & Hollister
On April 24, 2024, the Treasury Department promulgated final regulations regarding the requirements for a qualified investment entity (QIE) to be considered
Foley Hoag LLP
The U.S. Department of Labor ("DOL") has amended the qualified professional asset manager ("QPAM") class prohibited transaction exemption 84-14 ("QPAM Exemption"), effective as of June 17, 2024 ("QPAM Amendment").
Dechert
The latest round of revisions to Form PF made a stealthy arrival, with the SEC announcing in mid-February that it adopted the updates without an in-person vote.
Dechert
As direct lending becomes a more popular financing option for middle-market and large U.S. companies, banks are increasingly seeking new ways to leverage their existing customer networks to participate in the direct lending market.
Dechert
On February 6, 2024, the SEC staff posted a new Marketing Rule FAQ that will be important to many private equity and private credit managers.
Partridge Snow & Hahn
For many charitable institutions, accepting gifts subject to certain donor-imposed restrictions is in the normal course of business. While these restricted funds are quite common...
Goodwin Procter LLP
Key persons are investment professionals who are considered indispensable to a fund's investment activities.
Morris James LLP
In Delaware, the implied covenant of good faith and fair dealing is inherent in all contracts and ensures that the "fruits of the bargain" are not frustrated by arbitrary or unreasonable action.
Proskauer Rose LLP
In its final Private Fund Adviser Rules adopted last year, the SEC dropped one of the more controversial proposed rules—the proposal to prohibit contractual exculpation or indemnification...
Akin Gump Strauss Hauer & Feld LLP
The final text of the amendments to the EU Alternative Investment Fund Managers Directive (AIFMD)—known as "AIFMD II"—was published in the Official Journal of the European Union on March 26, 2024...
Katten Muchin Rosenman LLP
On 10 April 2024, the Financial Conduct Authority (FCA) published a consultation paper proposing the introduction of a "new" option for investment research payments alongside the existing two options.
Worldwide
Goodwin Procter LLP
On 10 April 2024, the Financial Conduct Authority (FCA) published a Consultation Paper on payment optionality for investment research (CP24/7). CP24/7 followed the UK Investment Research Review...
K&L Gates
Investment advisers offering funds in more than one country are accustomed to adapting to different regulatory requirements. However, the challenges presented by the global regulation of environmental...
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