Overall, the first half of 2024 was challenging for fundraising across the private fund market to varying degrees among private debt, private equity (PE) and venture capital (VC). The first half of 2024 saw a variety of trends…
more
/ Finance & Banking
Insurers and other capital markets participants, including sponsors of structured assets, should note an important development from the National Association of Insurance Commissioners (NAIC) that could result in regulatory…
more
/ Finance & Banking, Insurance, Securities Law
On Aug. 28, 2024, the SEC issued a release providing guidance on certain aspects of open-end funds’ compliance with Rule 22e-4, i.e., the Liquidity Rule, under the Investment Company Act of 1940 (the Guidance). The Guidance…
more
/ Finance & Banking, Securities Law
On Aug. 28, 2024, the Securities and Exchange Commission (SEC) announced significant amendments to Form N-PORT reporting requirements for registered funds, including mutual funds and closed-end funds, increasing the frequency…
more
/ Business Organizations, Securities Law
On Aug. 15, 2024, the IRS announced the much-anticipated reopening of a second Voluntary Disclosure Program (the “Second ERC-VDP”) to help businesses address incorrect Employee Retention Credit (“ERC”) claims as the agency…
more
/ Labor & Employment Law, Taxation
As part of a push to increase competition and lower drug prices, the U.S. Senate recently passed a bill that limits the number of patents that can be asserted in biosimilar litigation. The Affordable Prescriptions for Patients…
more
/ Health, Intellectual Property, Science, Computers, & Technology
On July 18, 2024, the City Council introduced legislation (Int. No. 991) that would require hotels to obtain a license in order to operate in New York City. The stated aim of the legislation is to address what is described as…
more
/ Real Estate - Commercial, Zoning, Planning & Land Use
On July 18, 2024, U.S. District Judge Paul A. Engelmayer of the Southern District of New York dismissed most of the charges that the Securities and Exchange Commission brought against SolarWinds and its chief information…
more
/ Science, Computers, & Technology, Securities Law
On July 17, 2024, Delaware Governor John Carney signed into law amendments to the Delaware General Corporation Law (DGCL) from Senate Bill 313 that had sparked considerable controversy within the corporate law and governance…
more
/ Business Organizations, Mergers & Acquisitions
In this midyear update, we cover a number of significant corporate governance developments that have taken place over the first half of the year and since our Corporate Governance 2023 Year-End Review…
more
/ Commercial Law & Contracts, Securities Law
Today, USCIS announced that it will be making additional selections from the FY25 H-1B registrations it received in order to reach the FY25 numerical allocation. The agency’s announcement was silent on timing, numbers and the…
more
/ Immigration Law
Earlier this month, the Urban Land Institute (ULI) New York hosted a sold-out program, “Creating the Roadmap: Access to Capital.” The event, which consisted of two distinct panel sessions followed by more-intimate roundtable…
more
/ Real Estate - Commercial
While Local Law 97 passed nearly five years ago, it officially went into effect earlier this year. Part of the broader Climate Mobilization Act designed to significantly decrease New York City’s carbon emissions, Local Law 97…
more
/ Environmental Law, Real Estate - Commercial
Since its enactment in 2022, the validity of the Inflation Reduction Act (IRA) and its drug price negotiation program (Program) has been repeatedly challenged in District Court, with little success. Boehringer Ingelheim’s…
more
/ Constitutional Law, Health
The first compliance period for building owners under Local Law 97 (LL97), New York City’s (NYC) landmark climate change legislation, began this year on Jan. 1. Subject to limited exceptions, property owners are required to…
more
/ Energy & Utilities, Environmental Law, Real Estate - Commercial, Zoning, Planning & Land Use
