Home Legal

legal

Understand upcoming CFIUS changes before it’s too late

The passing of FIRRMA changes the scope of CFIUS and could have implications for US and non-US private equity funds. Simon Witney and Jeffrey Cunard of Debevoise explain.

When unicorns don’t fly, who pays the price?

In the wake of the Theranos scandal, some managers fret that if their own unicorns fail to meet expectations, investors may resort to litigation. It’s unlikely, but possible.

Which law firms have secondaries expertise?

A snapshot of law firms' secondaries work in 2018 by volume, deal count, strategy and more from sister publication Secondaries Investor's annual survey.

Abraaj’s Naqvi denied bail on flee fears

The size of the alleged fraud, the involvement of the US government and his high-level political connections in Pakistan make granting the Abraaj founder bail too great a risk, a UK court decided.

Abraaj’s Vettivetpillai in jail pending £1m bail appeal

The former managing partner and head of impact appeared by video-link at Westminster Magistrates Court on fraud charges brought by the US government.

TIMELINE: What Abraaj did, according to the SEC

A timeline shows what Abraaj and founder Arif Naqvi are alleged to have done regarding the misappropriation of capital from its 2015-vintage Growth Markets Health Fund, according to the US regulator's complaint.

Proskauer secondaries partner to join Kirkland – exclusive

Andy Shore, a Secondaries Investor Young Gun of 2018, is understood to be joining Kirkland & Ellis as a partner.

What steps to take in removing a GP

LPAs usually contain a clause for removal of the fund manager, either 'for cause' or 'no fault.' Malcolm Nicholls and Kate Simpson, of law firm Proskauer, lay out the negotiation points and the likely effect on economics.

Supreme Court case tests power of SEC judges

A loss for the regulator in Lucia v SEC would plunge dozens of cases into uncertainty and could put a halt to the SEC's sanctioning powers.
pfc
pfc

Copyright PEI Media

Not for publication, email or dissemination