Written by Michael Wu The Securities and Exchange Commission (“SEC”) has adopted rules implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act’s (“Dodd-Frank Act”) Whistleblower Program. The Whistleblower…
a positive impact on leveraged buy-out (LBO) firms in China that acquire interests in non-Chinese companies. Effectively, the PBoC Measures extends the M&A loan capacity of Chinese banks from Chinese…
in order for an investment adviser to charge its investors a performance fee. Currently, under Rule 205-3 of the Investment Advisers Act of 1940, as amended, an investment adviser may…
Written by Jay Gould, Ildi Duckor and Michael Wu On March 22, 2011, U.S. House Oversight Committee Chairman Darrell Issa (R., Calif.), sent a sharply worded letter to Chairman…
Written by Michael Wu In early March, Pillsbury submitted a comment letter to the North American Securities Administrators Association (NASAA) on behalf of the private fund industry regarding NASAA’s…
Written by Michael Wu On April 8, 2011, the Associate Director of the SEC stated in a letter to the President of the North American Securities Administrators Association (NASAA)…
Written by Jay Gould, Ildi Duckor and Michael Wu On March 18, 2011, the Securities and Exchange Commission released new guidance regarding Form ADV. The SEC’s Q&As can be…
Administrator’s Association’s (“NASAA”) proposed revision to its model rules on NASAA Custody Requirements for Investment Advisers, as released for public comment on February 17, 2011 (the “proposed rule”). This letter…
Written by Michael Wu Pillsbury recently conducted a survey of nearly 200 individuals involved in operating and investing in mid-sized Chinese companies. The results revealed that 55% expect to…
the NFA) and fulfill recordkeeping and reporting requirements, including the delivery of audited annual financial statements. Although registered CPOs may continue to rely on CFTC Rule 4.7 for relief from…
Investment Fund Law Blog