Rimon

Risk Alert for Marketing Rule

insights Risk Alert for Marketing Rule Geoffrey Perusse · October 11, 2022

The SEC’s Division of Examinations has recently issued a risk alert regarding the revised Marketing Rule (Rule 206(4)-1). The compliance date for the Marketing Rule is November 4, 2022 (Compliance Date). As of the Compliance Date, investment advisers may no longer choose to comply with the previous advertising and cash solicitation rules. Registered investment advisers,…

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CFIUS National Security Reviews Cover Certain Real Estate Transactions

insights CFIUS National Security Reviews Cover Certain Real Estate Transactions Daanish Hamid · CFIUS National Security Reviews Cover Certain Real Estate Transactions Ivan Komaritsky · October 6, 2022

The Committee on Foreign Investment in the United States (“CFIUS”) is an interagency committee chaired by the Secretary of the Treasury that screens certain foreign investments or acquisitions of U.S. businesses or real estate to determine if they could impair US national security. If CFIUS determines that it has jurisdiction and that a transaction raises…

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ABA Meeting: Cryptocurrencies and Private Funds, and a Risk Alert on the Marketing Rule!

insights ABA Meeting: Cryptocurrencies and Private Funds, and a Risk Alert on the Marketing Rule! Geoffrey Perusse · October 5, 2022

A few notes from the recently held American Bar Association Business Law Section Annual meeting, where we heard from two key decision-makers from the Securities and Exchange Commission: First, last Wednesday, Hester Peirce, a Commissioner from the U.S. Securities and Exchange Commission spoke at the Blockchain, Cryptocurrencies and Investment Management Task Force Meeting. I was…

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Rimon Attorneys Author Colombia Chapter of Chambers and Partners Private Wealth 2022 Guide

insights Rimon Attorneys Author Colombia Chapter of Chambers and Partners Private Wealth 2022 Guide Rodrigo Castillo Cottin · Rimon Attorneys Author Colombia Chapter of Chambers and Partners Private Wealth 2022 Guide Ana Lopez Murillo · Rimon Attorneys Author Colombia Chapter of Chambers and Partners Private Wealth 2022 Guide Alejandra Becerra · August 11, 2022

Rimon attorneys Rodrigo Castillo Cottin, Ana Maria Lopez and Alejandra Becerra have co-authored the Colombia chapter of Chambers and Partners Private Wealth 2022 guide. The guide provides detailed analysis of the latest private wealth legal developments in Colombia, with a specific focus on recent and upcoming tax reform, and how it could impact businesses, investors,…

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Back to the future? Germany travels back in time while digitalization occurs elsewhere

insights Back to the future? Germany travels back in time while digitalization occurs elsewhere Michael Magotsch · August 4, 2022

Germany’s amended Verification Act catapult the country back into the Middle Ages The latest amendments introduced by the German Federal Ministry for Labor (BMAS) to the “Nachweisgesetz“/NachweisG will transform Germany back into the age of hard copies and wet ink. The law to amend the act on notification of conditions governing an employment relationship came into…

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Quick Update (No. 2) on German Whistleblowing

insights Quick Update (No. 2) on German Whistleblowing Michael Magotsch · August 1, 2022

On 27 July 2022, the Federal Cabinet passed the revised draft German Whistleblower Act (HinSchG). In early April 2022, we reported about the delayed activities of the German Government to implement the EU directive 2019/1937 into national law. Now – at last – the German Government has passed the Bill and after the summer break…

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November 2022 Ballot Update: Empty Homes Tax Moves Forward in San Francisco; Prop 19 Repeal Falters

insights November 2022 Ballot Update: Empty Homes Tax Moves Forward in San Francisco; Prop 19 Repeal Falters Joseph Ferrucci · July 13, 2022

A ballot measure to tax vacant apartments in San Francisco – the “Empty Homes Tax” – acquired enough signatures to be certified for the November 2022 ballot.  If passed, the measure would take effect in 2024 and would apply to residential buildings with three or more units.  In the first year, any unit that sits…

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Bernd Geier contributing author to 6th Edition of German Banking Law Handbook

insights Bernd Geier contributing author to 6th Edition of German Banking Law Handbook Bernd Geier · July 6, 2022

The 6th edition of German Banking Law Handbook, “Bankrechts-Handbuch” (Ellenberger / Bunte, Beck-Verlag), was recently published. Rimon Partner Bernd Geier co-authored §§ 83, 84, a section dedicated to capital markets and finance law. Read more on the Beck-Verlag website.   Bernd Geier is a partner focused on finance, regulatory law, and funds. His practice covers…

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Supreme Court Narrows Availability of United States Discovery for International Arbitration

insights Supreme Court Narrows Availability of United States Discovery for International Arbitration Michael S. Lazaroff · June 28, 2022

A unanimous Supreme Court on June 13 determined that 28 U.S.C. §1782 (“Section 1782”) does not permit United States courts to order discovery for foreign or international “private adjudicatory bodies”.  ZF Auto. US, Inc. v. Luxshare, Ltd., No. 21-401, 2022 WL 2111355, *3 (2022)(“ZF Automotive Decision”).  Rather, the Supreme Court held that Section 1782 only…

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CFIUS: A Practical Overview for Dealmakers

insights CFIUS: A Practical Overview for Dealmakers Daanish Hamid · June 21, 2022

The Department of the Treasury recently held its inaugural conference on the Committee on Foreign Investment in the United States (CFIUS). During this conference, various government officials emphasized the expanding role of CFIUS with respect to performing national security screenings of foreign investments in U.S. businesses and real estate. CFIUS is particularly interested in ensuring…

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