Stefanie Marrone

HKEX is proposing amendments to its Listing Rules to improve corporate governance, with a focus on board effectiveness and independence, diversity, and risk and capital management. Paloma Wang | Kai Sun | Anthony Pang | Lillian Lian | Martina To #asiapacific  #capitalmarkets #corporategovernance

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🚨Client Alert: Larry Laubach and Beatrice Bottini offer an update on the #NYLTA, which represents a pivotal step in New York State’s regulatory landscape, aligning closely with the federal #CorporateTransparencyAct (CTA). Read here: https://lnkd.in/draYGb5e #regulatorycompliance #NYlaw #CTA #legalnews‍‍

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As New York considers pivotal changes to its regulations, the litigation finance industry stands on the brink of transformative opportunities and challenges. These shifts could pave the way for substantial growth and foster innovative practices within our field. I am happy to share this educational Bloomberg Law article that explores the potential impacts of these proposed rule adjustments and how they might significantly benefit stakeholders in the legal funding arena. #LitigationFinance #LegalInnovation #LawTech #NewYorkLaw #LegalTrends https://lnkd.in/egBQPJzq

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The Chaffetz Lindsey Commercial Litigation Report (Vol. 16) – authored by Charles Scibetta, Andreas Frischknecht, Matthew Burke and – is now available! https://lnkd.in/ec2Mde6P Case summaries include: - Caveat emptor: Foreign purchasers of corporate assets may inherit their seller’s jurisdictional exposure. Court of Appeals: Where one foreign corporation acquires all the assets and liabilities of another, courts may exercise long-arm jurisdiction over the purchaser based on the seller’s New York acts. Lelchook v. Société Générale de Banque au Liban SAL, 2024 WL1661460 (N.Y. Apr. 18, 2024). - London (Margin) Calling: British Retailer’s Effort to Obtain Section 1782 Discovery from Morgan Stanley CEO Fails. Second Circuit: District court did not exceed its discretionary authority in denying plaintiff’s § 1782(a) discovery request on grounds of inefficiency and inconvenience. Frasers Group PLC v. Stanley, 95 F.4th 54 (2d Cir. 2024). - Fifth Circuit holds that courts must “look through” the arbitration to the underlying dispute in determining personal jurisdiction: But foreign corporation was not subject to personal jurisdiction based on domestic subsidiary’s contacts with the forum state. Conti 11 Container Schiffarts-GmbH & Co. KG M.S., MSC Flaminia v. MSC Mediterranean Shipping Co. S.A., 91 F.4th 789 (5th Cir. 2024). - Homeward Bound: Scots Law Governs Suit Arising from Internal Affairs of Scottish Company. Court of Appeals: In a dispute arising from a company’s internal affairs, the law of the state of incorporation applies unless the state’s interest is “minimal” and New York’s interest is “dominant.” Eccles v. Shamrock Capital Advisors, 2024 WL 2331737 (N.Y. May 23, 2024).

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📢 Key Update: NJ Due Diligence and Real Estate Transactions 📢 The NJDEP has proposed amendments to the Site Remediation Reform Act (SRRA) which set explicit requirements for reporting discharges discovered during due diligence investigations, which could significantly impact commercial and industrial real estate deals in New Jersey. This shift may influence transaction timelines and compliance obligations, drastically reshaping deal processes for stakeholders. Contact Envirotactics to discuss how these proposed changes might affect your real estate transactions and how to stay compliant. #DueDiligence #RealEstateNJ #EnvironmentalCompliance #SiteRemediation #NJRealEstate #Envirotactics #IndustrialRealEstate #NJDEP #EnvironmentalConsulting #CRE

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This past week the great city of Boston hosted the International Bar Association 2024 conference, Global Challenges and Opportunities for the Asset Management Industry. It's worth scanning the agenda: https://lnkd.in/eKwi_NwG Lawyers in this space are highly encouraged to attend next year - tentatively scheduled for Boston again. As this year's agenda shows, current and forward-looking topics are addessed by industry leading experts and regulatory authorities. Geopolitical and macroeconomic considerations are put in context - this year with special emphasis on the daunting and fascinating challenge/opportunity of #artificialintelligence. For my part, I was honoured to present in the panel, "Fund operational issues: ‘looking under the bonnet’", the title of which may have confused some Americans. But things quickly came into focus as we rounded on important trends, especially fund liquidity and valuation challenges - not just in response to problems that have arisen in recent years but also to what feels like a threshold moment for us all as newer asset classes and technology beckon, including in the retail space. As the asset servicing spokesperson it was left to me to address the pace of change affecting custodians' support for asset management challenges and innovation, including the move to fund and asset #tokenisation and - of course - T+1 (#settlementacceleration). It was an honour to join my co-panelists, Chad Gazzillo, KPMG US, Emmanuel Genequand, PwC, Jeremy Soutter, Carne Group, and our fantastic moderator, Lora Froud, Macfarlanes. Congratulations to the Conference Co-Chairs, Michèle Eisenhuth, Arendt & Medernach, Luxembourg, and Jeremy Lam, Deacons, Hong Kong: you and the rest of the organising committee have provided a crucial service to the asset management legal community - there simply is no other conference like this. #assetmanagement #funds #shorteningsettlementcycle #securitiescustody #posttrade #InternationalBarAssociation

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Gearing up for #climate disclosure rules and AI-backed government #enforcement. Plus the board’s critical role in a spin-off, full disclosure about conflicts and how #directors can engage #shareholders. All in this issue of The Informed Board. #ai #artificialintelligence #esg #boardsofdirectors #corporategovernance #capitalmarkets #mergersandacquisitions

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PRA Group Deputy General Counsel Rami Haddad's insights on litigation trends and regulatory changes impacting the financial services industry were recently featured on Troutman Pepper's "The Consumer Finance Podcast." Listen to the show here: https://lnkd.in/eHQxanHn #PRAGroup #FinancialServices #NonperformingLoans

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Missed our live webinar with Schulte Roth & Zabel LLP on the new regulatory obligations for investment advisers? K2 Integrity's Sarah Runge urges advisers to start budgeting and implementing AML programs and SAR obligations sooner rather than later. Watch the full recording now: https://lnkd.in/esT3Bf6X #Compliance #InvestmentAdvisers #AML #FinCEN Alex Levitov, Melissa Goldstein

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What happens when an insolvent Delaware LLC files for bankruptcy? In our latest report, partners David M. Hillman, Vincent Indelicato and Michael Mervis, along with associate Matthew Koch, dissect the intricacies of fiduciary duty and fraudulent transfer claims, providing insight into creditor rights and derivative actions. Read now: https://bit.ly/4dgFSDz #Proskauer #bankruptcy #llc

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Proskauer Rose LLP's latest report offers a comprehensive analysis of the European and North American buyout fundraising market. Discover key trends in fund terms, borrowing limits, and investor protections from experts like Ryan Carpenter and Christopher Elson. https://lnkd.in/eA6wQWaJ #LBO #BuyOuts

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Big news! The Fifth Circuit vacated the SEC's Private Fund Adviser Rule in its entirety. Check out the link below for a quick summary and link to the opinion. https://lnkd.in/e8fb7_YH

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Join CommLaw’s Emerging Tech Attorney, Diana James, CIPP/US James, at VON: Evolution in Boston! You are cordially invited to the VON: Evolution conference, Exploring the Future of Communications Including Virtualized Conversations (vCon), on September 24 – 26 at the Boston Public Library! Register here: https://lnkd.in/e8E9W-Uz Our Emerging Tech and Privacy Attorney, Diana James (CIPP/US), will speak on the essential privacy law considerations in customer service communications and using the vCon protocol to enhance privacy compliance and security. Leveraging the pivotal insights of Jeff Pulver from VON: Evolution’s previous sessions, this year’s event will focus on the essential task of restoring trust within the voice and messaging ecosystems. New to our agenda are the emerging IETF Protocols Virtualized Conversations (vCon) and Supply Chain Integrity, Transparency & Trust (SCITT). These additions promise to revolutionize communication networks by introducing standards and technologies that pave new paths for innovation. Dive deep into discussions about how vCon is reshaping industry norms and practices, setting new benchmarks for future developments. The event promises unparalleled opportunities for in-depth discussions, extensive networking, and collaborative learning with pioneers of the industry. Whether you’re looking to catch up with long-time colleagues or forge new professional relationships, VON: Evolution is the place to be. https://lnkd.in/eEfxdt4f

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Herrick senior litigator, Ronald J. Levine, authored a recent article discussing five tips for litigators to develop business at meet and greets, as part of the LexisNexis Practical Guidance - Practice Note series. This article is the tenth in a series of law practice articles Ron has authored for LexisNexis. Read more here: https://lnkd.in/eNzeSjru. #HerrickDoesThat #Litigation

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Our latest blog post is up. As promised, Round 2 of our exploration of the materiality standards in Title 18 securities fraud and Title 15 securities fraud. In this post, we provide a roadmap for counsel to argue, no matter which statute a defendant is charged under, that the higher "reasonable investor" standard still applies. https://lnkd.in/eaJghWAM

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Wealth preservation attorneys Deirdre Wheatley-Liss and Maria F. Galante share insights in the New York Law Journal on how the Corporate Transparency Act and New York LLC Transparency Act impact trusts and estates. Their article highlights the critical need to update estate plans to comply with new reporting requirements to avoid significant fines and penalties. Read the full article: https://bit.ly/3YePqZf #CorporateTransparencyAct #NYLLCTransparencyAct #TrustsAndEstates #EstatePlanning

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