The New York Department of Financial Services (DFS) issued guidance recently concerning cybersecurity risks associated with artificial intelligence (AI) and measures that covered entities (generally, banks, insurers and other…
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/ Finance & Banking, Privacy, Science, Computers, & Technology
The Delaware Supreme Court’s recent decision in In re Match Group, Inc. Derivative Litigation (April 4, 2024) addressed two issues of significance to transactions of Delaware corporations involving their controlling…
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/ Business Organizations, Mergers & Acquisitions, Securities Law
Non-concessionary impact funds are a type of private investment fund that aims to achieve positive social, environmental or other beneficial outcomes while offering market-rate financial returns to investors. They differ from…
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/ Business Organizations, Finance & Banking
With the U.S. election cycle in full swing and the presidential election just around the corner, there is speculation on how government regulators could be affected by the outcome. In general, commentators have coalesced around…
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/ Elections & Politics, Securities Law
The U.S. Department of State will begin accepting online registrations for the 2026 Diversity Visa (DV) lottery starting Wednesday, Oct. 2, 2024, at noon EDT. For Fiscal Year 2026 (FY2026), the DV lottery will allow a maximum of…
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/ Immigration Law
In prepared remarks delivered on Sept. 23, 2024, at the Society of Corporate Compliance and Ethics conference in Grapevine, Texas, Principal Deputy Assistant Attorney General Nicole M. Argentieri, head of the U.S. Department of…
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/ Business Organizations, Science, Computers, & Technology
In this quarterly update, we review the latest developments in three subjects salient to corporate use of artificial intelligence (AI). First, we discuss the risks associated with AI, the case for board oversight and how the…
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/ Business Organizations, Intellectual Property, Science, Computers, & Technology
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…
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/ 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…
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/ 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…
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/ 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…
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/ 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…
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/ 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…
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/ 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…
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/ 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…
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/ Science, Computers, & Technology, Securities Law
