Ropes & Gray LLP

Treasury Department and IRS Release Proposed Regulations on Management Fee Waivers

On July 22, 2015, the Treasury Department and the IRS released proposed regulations regarding fee-waiver arrangements commonly used by private investment funds. If finalized, the new rules would recharacterize certain…more
| Finance & Banking, Securities Law, Taxation

21st Century Cures Act – Provisions Relating to Digital Health: Interoperability and Information Blocking

On July 10, 2015, the House of Representatives approved the 21st Century Cures Act (HR 6) (the “bill”) by a vote of 344-77. In addition to increasing medical research funding and expediting the process of making breakthrough…more
| Elections & Politics, Health, Science, Computers, & Technology

Cures Are on the House: House Passes 21st Century Cures Act, but Senate Awaits

On July 10, 2015, the House of Representative passed H.R. 6, the 21st Century Cures Act (“Cures Act”), with strong bipartisan support, by a vote of 344-77. This medical innovation reform legislation represents the culmination of…more
| Elections & Politics, Health, Science, Computers, & Technology

Medicare, Medicaid, and Enforcement Implications of the 21st Century Cures Act Recently Passed by the House

On July 10th, the U.S. House of Representatives passed the 21st Century Cures Act – medical innovation reform legislation that has been in the works for over a year – by a wide margin (344-77). As Ropes & Gray previously…more
| Elections & Politics, Health, Science, Computers, & Technology

House Passes 21st Century Cures Act: What Does it Mean for Clinical Research?

On July 10, 2015, the U.S. House of Representative passed H.R. 6, the 21st Century Cures Act, with strong bipartisan support in a vote of 344-77. As Ropes & Gray has summarized Cures Act provisions related to Medicare and…more
| Elections & Politics, Health

The Ropes Recap: Mergers & Acquisitions Law News - Second Quarter 2015

News from the Courts - Delaware Chancery Court Finds That Dispute Over Accounting Methodology Is Subject to Arbitration Procedures - Post-closing purchase price and working capital adjustments are common in mergers…more
| Business Organizations, Commercial Law & Contracts, Mergers & Acquisitions, Securities Law

Owning and Controlling a Company in the United Kingdom: The Company Law Reforms

A number of important reforms are being introduced into UK company law that will increase the accountability of companies registered in the UK. Some are already in effect and some are being introduced on a phased basis up to…more
| Business Organizations

Recent Ninth Circuit En Banc Decision Makes It Easier for Relators to be an Original Source and the First- to-File

On July 7, 2015, the United States Court of Appeals for the Ninth Circuit issued an en banc decision that potentially makes it easier for relators to prevail on pending False Claim Act qui tam suits and bring new actions in the…more
| Civil Procedure, Health, Government Contracting

CMS Proposes Reporting and Payment Changes in Proposed 2016 Physician Fee Schedule Rule

On July 15, 2015, the Centers for Medicare and Medicaid Services (“CMS”) published its Calendar Year (“CY”) 2016 Physician Fee Schedule (“PFS”) Proposed Rule in the Federal Register. The rule proposes new physician payment and…more
| Health

China Tightens Advertising Rules for Life Sciences Companies

This year China’s Advertising Law will see its first amendment in two decades. The amendment, which will be implemented on September 1, 2015, reflects the central government’s efforts to strengthen consumer protection and to…more
| Communications & Media Law, International Law & Trade, Science, Computers, & Technology

CMS Proposes New Stark Exceptions and Clarifications in Proposed 2016 Physician Fee Schedule Rule

On July 8, 2015, the Centers for Medicare and Medicaid Services (“CMS”) released its proposed Calendar Year (“CY”) 2016 Physician Fee Schedule (“PFS”) Proposed Rule, which was published in the Federal Register on July 15, 2015…more
| Health

Second Marblegate Decision Finds for Bondholders Using the Trust Indenture Act to Block an Out-of-court Restructuring

Twin rulings by the District Court for the Southern District of New York, the first of which was issued in December 2014 and the second issued on June 23rd of this year, have created great uncertainty in the bond market…more
| Business Organizations, Communications & Media Law, Finance & Banking, Securities Law

SEC Releases Guidance on Code of Ethics Personal Securities Reporting

On June 26, 2015, the SEC’s Division of Investment Management released a Guidance Update titled, “Personal Securities Transactions Reports by Registered Investment Advisers: Securities Held in Accounts Over Which Reporting…more
| Commercial Law & Contracts, Securities Law

Massachusetts Earned Sick Time Law Takes Effect July 1 Attorney General Issues Final, Relatively Employer-Friendly Regulations

As we reported in a previous alert, the Massachusetts Earned Sick Time Law takes effect on July 1, 2015, with significant consequences for most employers with Massachusetts-based employees. In summary, the new law entitles…more
| Labor & Employment Law

Legal Advice Privilege – HK Court of Appeal Steers Away from Three Rivers

On June 29, 2015, the Court of Appeal of the HKSAR handed down an important judgment relating to legal advice privilege. The Court of Appeal decided to adopt the “dominant purpose test” when considering whether legal…more
| Commercial Law & Contracts
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