SEC rules governing accredited investors are designed to protect individual investors from risks that could result from the lack of regulatory oversight associated with unregistered private securities offerings. By expanding the definition of “accredited investor,” the SEC has provided more investors with the opportunity to access alternative investments and given companies, private-equity firms, and hedge funds access to a larger pool of investors.
Under the rule amendments, the SEC significantly revised public company business disclosure rules for the first time in more than 30 years. The amendments were crafted from a proposed rule released in August 2019 that was part of a comprehensive review by the SEC of the disclosure requirements per a study mandated by the JOBS Act.
It has long been the rule, under Pennsylvania law, that an insurer’s duty to defend is determined “solely” by the allegations in the “four corners” of the complaint against the insured. Kvaerner Metals Div. of Kvaerner U.S., Inc. v. Commercial Union Ins. Co., 908 A.2d 888, 896 (Pa. 2006). A corollary of that rule —
The 10-Q has recently published several articles about doing business in China. Temple Law Professor Tarrant Mahony discussed the passage of a new foreign investment law in China. Temple Law Professor Mo Zhang discussed his forthcoming paper in the San Diego International Law Journal regarding the enforcement of foreign arbitral awards in China. Temple Law
May 29, 2018 marked 50 years since the passage of the Truth in Lending Act. The law is considered one of the most important federal consumer protection laws, applies to the vast majority of consumer credit transactions, and is the subject of frequent amendment and regulatory interpretation. For the occasion, the American Bar Association convened
I became fascinated with commercial litigation finance for one reason: I love a good underdog story. But the more I learned about this burgeoning industry, where law and finance intersect, the more I discovered that litigation finance firms do a whole lot more than just help plaintiffs punch above their weight in commercial bouts. Commercial