A majority of private fund managers set the clawback limit at 25%, but they calculate the clawback differently depending on fund type.
Limited partner (LP) clawback provisions enable fund managers to call back previously…
more
/ Business Organizations, Commercial Law & Contracts, Finance & Banking, Securities Law
The Opportunity, Balance, and Better Budget Act (OBBBA), formerly known as the One Big Beautiful Bill Act, enacted on July 4, 2025, introduces the most significant changes to the tax landscape for tax-exempt organizations since…
more
/ Education Law, Nonprofit Law, Taxation
On July 10, 2025, the U.S. Food and Drug Administration (FDA) announced publication of over 200 complete response letters (CRLs) issued in response to applications submitted to FDA for approval of drugs or biologics between 2020…
more
/ Administrative Law, Health
With the demise of the proposed federal moratorium on state-level AI regulations, which Congress eliminated at the last moment from the “One Big, Beautiful Bill” last week, state AI legislation takes center stage. The AI…
more
/ Privacy, Science, Computers, & Technology
On 25 June 2025, the European Securities and Markets Authority (ESMA) published its first comprehensive review of the Distributed Ledger Technology (DLT) Pilot Regime, a regulatory sandbox designed to test blockchain-based…
more
/ Finance & Banking, International Law & Trade, Science, Computers, & Technology, Securities Law
President Trump’s July 4th signing of the Opportunity, Balance, and Better Budget Act sets an increased $15 million federal estate and gift tax exclusion and generation-skipping transfer tax exemption per individual, eliminating…
more
/ Nonprofit Law, Taxation, Wills, Trusts, & Estate Planning
On June 2, 2025, Sandoz announced that WYOST® (denosumab-bbdz) and Jubbonti® (denosumab-bbdz) are now available to patients in the United States…
more
/ Intellectual Property, Science, Computers, & Technology
Connecticut has enacted a law (the amendment) amending the state’s existing small loan act (the act). In this alert, we focus on the amendment’s application of the act to “earned but unpaid wage or salary income advances” (the…
more
/ Consumer Protection, Finance & Banking, Labor & Employment Law
As the life sciences, medtech, and diagnostic industries continue to grow increasingly complex, so does the legal, regulatory, and compliance landscape. To help companies and investors navigate the many evolving and emerging…
more
/ Health, International Law & Trade, Science, Computers, & Technology
Last week, Congress voted to pass the “One Big Beautiful Bill Act," codifying President’s Trump domestic agenda, but one important measure did not make it past the finish line: the AI regulatory moratorium that was originally…
more
/ Administrative Law, Constitutional Law, Science, Computers, & Technology
On July 4, 2025, the One Big Beautiful Bill Act (OBBB) was signed into law. The OBBB extends various expiring tax provisions from the Tax Cuts and Jobs Act (TCJA) and introduces a variety of other substantial tax law changes…
more
/ Business Organizations, Science, Computers, & Technology, Taxation
In a previous alert, “FCA D&I Standards for Large Firms Abandoned (for now), Non-financial Misconduct Rules Delayed (but Still Important),” we discussed the proposals put forward by the UK Financial Conduct Authority (FCA) for…
more
/ Finance & Banking
On July 3, 2025 Congress passed, and on July 4, 2025 President Trump signed into law, the One Big Beautiful Bill Act (OBBB), which extends various expiring tax provisions from the Tax Cuts and Jobs Act and introduces a variety…
more
/ Business Organizations, Science, Computers, & Technology, Taxation
On July 1, 2025, in a near-unanimous, 99-1 vote, the U.S. Senate stripped the AI moratorium provisions originally included in the “One Big Beautiful Bill Act." The AI moratorium, which we previously covered here, would have…
more
/ Consumer Protection, Elections & Politics, Science, Computers, & Technology
Louisiana has enacted a law that establishes a financial services oversight regime for earned wage access services, also known as on-demand pay services, which allow workers to access earned but unpaid income before payday. The…
more
/ Consumer Protection, Finance & Banking, Labor & Employment Law
