Fried Frank’s Post

During the first quarter of 2024, the regulatory landscape for private fund managers in Europe saw multiple updates. For a comprehensive understanding of these changes, refer to the latest client memo by Fried Frank partners Gregg Beechey and Zac Mellor-Clark and associates Emirali Mustafa, Nishkaam Paul and Ollie Burrows. This memo offers a detailed overview of the most impactful regulatory developments affecting fund managers active in and marketing into Europe. Read the full memo here: https://bit.ly/4cIJayr

On June 24, 2024, the EU launched its 14th sanctions package against Russia, marking a significant enhancement in scope and enforcement mechanisms. Authored by Fried Frank partner Tobias Caspary and associate Romain Girard, this memo provides a detailed analysis of the new sanctions package. Read the full memo here: https://bit.ly/45UUgy3

Fried Frank partner Anita Laremont recently spoke with Law360 about New York City’s approved $112.4 billion budget and the potential effectiveness of the $2 billion allocated towards affordable housing in the city. Anita noted that the effectiveness of this funding will depend on several factors, including the fate of the City of Yes zoning proposal. Find the full article linked in the first comment below.

In this Bloomberg Law Professional Perspectives article, Fried Frank partner Michael L. Sherman, special counsel Joanna Rosenberg and associate Simon S. Lee provide a comprehensive overview of the new, amended and existing elements of the regulatory framework applicable to private fund advisers under the Investment Advisers Act of 1940.

Congratulations to Park Square Capital on their strategic investment into Togetherwork. It was a privilege for Fried Frank to advise on this milestone transaction, with our dedicated team led by partners Caroline Sandberg and Matthew Soran.

In the latest edition of The Government Contractor, Fried Frank partners Michael Anstett, Alex Ginsberg and of counsel James McCullough contributed an article analyzing the Federal Circuit’s recent decision in Percipient.ai, Inc. v. United States, which narrows the task order protest bar in the Federal Acquisition Streamlining Act and broadens the definition of “interested party” in bid protests. Click the link in the first comment to read more.

Fried Frank recently had the opportunity to help organize and support the Second Annual Diversity in Fund Finance Second Annual Summer Soiree. This year's event, themed "Suits & Soju," was held at Baro by Chefs Society in New York City, where attendees engaged in an evening filled with networking opportunities and enjoyed a selection of Korean tapas. In celebration of Pride Month, the event also featured a raffle to support The Trevor Project, a leading nonprofit dedicated to the mental health of LGBTQ+ youth. Pictured (left to right): Kathryn Cecil, Leah Edelboim, Stephen Giacolone, Jan Sysel, Flora Go, Natasha Puri, CPA, Bryan Barreras, Fiona Cheng and Angie Batterson.

Fried Frank senior counsel Gail Weinstein recently spoke with Mergers and Acquisitions - themiddlemarket.com about earnout disputes and how lawsuits can occur if earnouts are not properly diligenced. Given the prevalence of earnout disputes, Gail says that “it makes sense to include a dispute resolution mechanism that deters litigation,” and suggests “for both sides to involve financial and tax specialists early in the transaction and to ensure that the earnout provisions are clear and objective.” Click the link below to read more.

In Murthy v. Missouri, the US Supreme Court recently rejected an effort to restrict government involvement in social media companies’ content moderation decisions. The Court determined that the plaintiffs, including the Attorneys General of Missouri and Louisiana and five social media users, did not have the legal standing to pursue an injunction against government officials they claimed pressured social media platforms to censor content. To learn more, read our latest Fried Frank client memo by partners Nicole Jantzi, Paul Schoenhard and associate Morgan Kurst: https://bit.ly/3RKfzN3

Congratulations to Fried Frank associate Alexis Casamassima on her election to the Associate Advisory Board of Legal Services NYC (LSNYC)! In this role, Alexis will be supporting LSNYC’s crucial mission to enhance the lives and communities of low-income New Yorkers. Joining a team of associates from other NYC law firms, Alexis will provide strategic advice, generate support for LSNYC pro bono projects within our firm and engage in various initiatives to further LSNYC’s work. We look forward to seeing the positive contributions Alexis will bring to LSNYC and the communities it serves!