On June 30, 2025, the Supreme Court granted certiorari in FS Credit Opportunities Corp., et al. v. Saba Capital Master Fund, Ltd., et al., 24-345 to resolve a circuit split over whether Section 47(b) of the Investment Company…
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/ Civil Remedies, Commercial Law & Contracts, Securities Law
On June 17, 2025, the Delaware Supreme Court (Court), sitting en banc, reversed a Court of Chancery ruling that had held a bidder liable for aiding and abetting fiduciary breaches of the target’s management…
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/ Business Organizations, Business Torts, Commercial Law & Contracts, Mergers & Acquisitions
On June 20, 2025, the U.S. Supreme Court (SCOTUS) held in Stanley v. City of Sanford, Florida that a retired employee who could no longer hold or seek to hold her job could not sue under the Americans with Disabilities Act (ADA)…
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/ Civil Procedure, Civil Rights, Constitutional Law, Labor & Employment Law
In June 2025, there were twelve Rule 2.7 announcements made across the UK public M&A market and five further possible offers announced. Recommended cash offer by HGGC LLC for Inspired plc – £183.6 million – public to private…
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/ Business Organizations, Finance & Banking, Mergers & Acquisitions, Securities Law
The Financial Crimes Enforcement Network (FinCEN) issued an interim final rule in March 2025 that removes requirements for US companies to report beneficial ownership information under the Corporate Transparency Act (CTA). The…
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/ Business Organizations, Commercial Law & Contracts, Finance & Banking, Science, Computers, & Technology, Securities Law
Two quarters in, Asia's private capital market appears as uncertain as ever. Last year, we repeatedly heard two mantras. First, Asia's private capital market would grow at substantial rates and, second, that GP consolidation…
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/ Business Organizations, Finance & Banking, Mergers & Acquisitions
On May 30, the New York City Department of Consumer and Worker Protection (DCWP) published its final amendments to the Rules of the City of New York (RCNY), incorporating into the Earned Sick and Safe Time Act the provision of…
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/ Health, Labor & Employment Law
On July 1, the Senate’s version of the “One Big Beautiful Bill” passed the Senate. Such bill included a new provision (not in the House bill) that would provide significant tax relief to condominium developers. The bill provides…
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/ Construction Law, Real Estate - Residential, Taxation
Following the substantial feedback provided in response to ASIC’s discussion paper, ‘Australia’s evolving capital markets: A discussion paper on the dynamics between public and private markets’ (Discussion Paper) on 10 June…
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/ Business Organizations, Commercial Law & Contracts, Finance & Banking, Mergers & Acquisitions, Securities Law
In the recent decision in Re Dropsuite Limited [2025] ATP 10, the Takeovers Panel concluded that a voting intention statement given by a substantial shareholder in the usual form was ‘ambiguous’ as to whether that shareholder…
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/ Business Organizations, Commercial Law & Contracts, Mergers & Acquisitions, Securities Law
The Government has made the notification rules which determine the circumstances in which 2026 transactions will need to be notified to the Australian Competition and Consumer Commission (ACCC) under the new Part IVA of the…
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/ Antitrust & Trade Regulation, Commercial Law & Contracts, Mergers & Acquisitions
With an observable increase in the use of earnout and contingent consideration structures in M&A, it is timely to consider the related tax complexity. In brief Our recent Private M&A Report highlights a rise in the use of…
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/ Commercial Law & Contracts, Mergers & Acquisitions, Taxation
Following ASIC’s recent discussion paper and symposium on the dynamics between private and public markets, market commentators have expressed concerns regarding the length and complexity of public market transaction documents…
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/ Business Organizations, Securities Law
Almost two years since the National Security Act 2023 became law, on 1 July 2025 both tiers of the UK Government’s new Foreign Influence Registration Scheme (FIRS), will finally ‘go live’. Despite our own partially successful…
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/ Elections & Politics, Finance & Banking, International Law & Trade
On June 16, 2025, the Senate Finance Committee released its proposed version of the “One Big Beautiful Bill Act” (the Senate Bill). The House of Representatives passed its version of the bill on May 22, 2025 (the House Draft)…
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/ Finance & Banking, International Law & Trade, Taxation
