On January 11, 2024, the draft bill for the “IV. Bureaucracy Relief Act” was submitted to the German Bundestag. Anyone expecting dramatic simplifications will – once again – be disappointed by the draft published by the German Government. Article 41 of the draft provides for an amendment to the Verification Act, stating that the electronic…

Rimon Partner Rodrigo Castillo Cottin, along with Associates Ana María López and Alejandra Becerra Vargas are contributing authors to The Legal 500: Private Client Comparative Guide (7th Edition). The guide covers a range of topics including tax, succession, and wealth structuring and regulations applicable in Colombia. Read the article here or download the PDF here. Rodrigo Castillo Cottin opened…

Rimon Partner James Sanders recently shared insights on the Missouri transfer taxes in closing costs for the recent Real Estate Bees article, “Missouri Real Estate Closing Costs Statistics.” The article covers a new RealEstateBees.com survey of over 1,000 active real estate professionals found average closing costs for sellers and buyers in Missouri. The results are…

Executive Summary: This year, the Alstom vs ABL Saga has finally come to an end with the decision of the Versailles Court of Appeal[1], issued on referral after the French Supreme Court, which clarifies the role of the Exequatur judge when an arbitral award is challenged for violation of international public policy. These clarifications are…

ESG becomes more important for ­executives in Germany when enterprises are faced with operational and financial challenges. Sustainability and ESG still remain the most relevant topics these days. But is the focus on governance enough in times of crisis? Would leaders be better advised to concentrate on compliance instead? And is self-governance perhaps the better…

Avoid these top 10 mistakes to successfully launch your fund: Wrong Team. Finding vendors that specialize in fund launches is critical. First, you should locate an attorney that specializes in the type of fund you intend to launch (g., hedge, futures, crypto, etc.)  In addition to helping launch your fund, your legal counsel will provide…

In the latest episode of Rimon Falkenfort’s ESG Deep Dive Series, we discuss ESG requirements and market developments. The episode outlines market trends around Art. 6, 8, 9 SFDR products and the recent downturn of dark green products. Click here to view the episode. Click here for a version of the episode in German.  …

Financial markets are still aiming to identify the future design of sustainable financial instruments. New sustainability requirements create unanticipated complexities. What will sustainable instruments in the future look like? What is the current market position? In December 2022, the European Securities Markets Authority published an empirical analysis illustrating the ripple effects seen in the market:…

Rimon Partner Rodrigo Castillo Cottin, along with Associates Ana Lopez and Alejandra Becerra are contributing authors to Lexology’s “Private Wealth and Private Client” guide. The guide covers a range of topics including tax, succession, and wealth structuring and regulations. Read the article here or download the PDF here. Rodrigo Castillo Cottin opened Rimon’s legal practice in Bogota, Rimon’s first…

The Division of Examinations of the Securities and Exchange Commission has recently announced its 2024 Examination Priorities. These include: Focus on compliance with Adviser’s fiduciary duty standard and the management of conflicts.  The Staff noted that it will be examining for advisers’ adherence to their duty of care and duty of loyalty obligations to clients. …