Worldwide: Compliance

Utah's App Store Accountability Act has been amended through H.B. 498, expanding its scope to include pre-installed applications and introducing new compliance requirements for both app-store providers and developers. The amendments establish a dual-layer framework with refined definitions, enhanced age-verification obligations, and a developer-specific safe harbor provision, while shifting enforcement exclusively to a private right of action with potential damages of up to $1,000 per violation.

This is the third and final installment in a three-part series exploring the key business and legal considerations for minority investments in alternative asset manager sponsors—commonly structured as “GP stake” transactions—from the perspectives of both sponsors (“GPs” or “sponsors”) and GP stake investors.

In today's regulatory environment, one weak link in your compliance strategy can expose your business to serious legal, financial and reputational risk.