North America: Corporate/Commercial Law

Business development companies (BDCs) have become a critical financing source for private equity-backed small- and middle-market companies while offering investors attractive private credit exposure. As the BDC market matures, sponsors and investors are increasingly exploring alternative structures, joint ventures with institutional investors, and evolving co-investment arrangements. The regulatory landscape continues to shift with proposed SEC rulemakings that could expand retail access to private markets

Private equity investment in law firms through management services organizations is attracting regulatory scrutiny as legislators establish boundaries around outside capital. Sponsors must navigate professional conduct rules, economic structures, and governance frameworks that differ fundamentally from traditional PE investments while building platforms designed for growth and eventual exit.

The Federal Trade Commission's settlement of a merger between two leading micromarket kiosk providers combines structural divestitures with extensive software interoperability requirements, offering insights into how the agency evaluates deals and deploys behavioral remedies in highly concentrated markets. The order reveals enforcement priorities under the second Trump administration and provides a potential template for addressing vertical foreclosure concerns in technology-adjacent transactions.

Canada’s tax system is a system of self-reporting. This feature is explicitly stated in subsection 150(1) of the Income Tax Act. This subsection requires taxpayers to file a tax return “without notice or demand for the return, for each taxation year of a taxpayer.”

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?

Bermuda's Beneficial Ownership Amendment Act 2026 introduces significant changes to transparency requirements for legal entities. The new Exemption Order provides relief from central filing obligations for certain qualifying entities, including those held by licensed trustees and investment funds. Understanding eligibility criteria and compliance conditions is essential for affected legal persons operating in Bermuda's regulatory framework.

The Securities and Exchange Commission issued a proposed rule, “Regulation Crypto Assets,” 91 Fed. Reg. 54510, on August 21, 2026 (FRN). Comments are due by October 20, 2026. Comments should reference File Number S7-2026-27 and may be submitted through the SEC’s internet comment form

Surging trading volumes, rapid regulatory change and well-publicized controversies in respect of United States prediction markets have brought new prominence to the regulation of prediction markets. Until this year, there had been no formal guidance provided for businesses looking to offer trading in prediction market contracts (also referred to as “event contracts”) in Canada in accordance with existing regulatory frameworks, and, in particular, there has been significant uncertainty concerning the application of securities law restrictions to the trading of event contracts.

Henry Ford Health has filed a federal lawsuit against CVS Health and its affiliates, alleging the improper diversion of over $29 million in savings from the federal 340B Drug Pricing Program through manipulated reimbursements for specialty drugs. The healthcare system claims CVS used back-end pricing mechanisms to retain funds that should have been remitted under their pharmacy services agreements, with similar allegations emerging from other major health systems across the country.

In this episode of The Founder's Hour, hosts Laura Cicirelli and Eric Weiner are joined by Julie Levinson Werner, partner and Vice Chair of Lowenstein’s Employment practice, to discuss the legal and practical considerations founders face as they begin building a workforce.

Universities drive innovation across medicine, AI, materials, and clean tech, but academic researchers face a critical challenge: the need to publish conflicts with patent protection requirements for confidentiality. Understanding how to navigate publication deadlines, filing strategies, and IP development can determine whether groundbreaking research becomes a valuable commercial asset or loses protection entirely.

Explora las soluciones migratorias más populares para emprendedores e inversionistas en EE. UU., incluyendo las visas E-2, EB-2 NIW y EB-5. Descubre cuál se ajusta mejor a tu perfil según tu nacionalidad...