The April 2025 update in Practical Guidance has introduced an extensive array of new resources, refined trackers, and innovative templates across multiple legal practice areas. Designed to address contemporary...
With multiple European and South American countries promising an affordable retirement, Americans are increasingly renouncing U.S. citizenship and expatriating, some gaining citizenship, outside the United...
Lease security deposit deductions typically cover repair costs for damages beyond normal wear and tear and cleaning expenses when rentals are returned in substandard condition. However, landlords and tenants...
Indemnification provisions and representations and warranties are critical components in private target acquisition agreements because they determine the allocation of post-closing transaction risks. Once...
This practice note covers dietary supplement structure/function claims and the laws and regulations, administrative guidance, and federal cases that govern them. Read now » Related Content ...
The U.S. Securities and Exchange Commission (SEC) frequently focuses its examination and enforcement efforts on how private fund managers disclose the allocation of fees and expenses to investors. Since 2012, the start of the SEC’s Presence Exam Initiative, the SEC’s Office of Compliance Inspections and Examinations (OCIE) routinely makes fee and expense disclosures and practices one of the areas of greatest scrutiny with respect to private fund managers. In addition to satisfying fiduciary obligations as investment advisers under Investment Advisers Act of 1940, private fund managers should also be mindful of the demands of institutional investors for increased transparency regarding fees and expenses, and be sure that disclosures are clear, practices are transparent to investors, and that fee and expense policies are followed by employees and service providers alike.
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