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Legal/Compliance
The size of the alleged fraud, the involvement of the US government and his high-level political connections in Pakistan make granting the Abraaj founder bail too great a risk, a UK court decided.
The former managing partner and head of impact appeared by video-link at Westminster Magistrates Court on fraud charges brought by the US government.
A timeline shows what Abraaj and founder Arif Naqvi are alleged to have done regarding the misappropriation of capital from its 2015-vintage Growth Markets Health Fund, according to the US regulator's complaint.
Andy Shore, a Secondaries Investor Young Gun of 2018, is understood to be joining Kirkland & Ellis as a partner.
LPAs usually contain a clause for removal of the fund manager, either 'for cause' or 'no fault.' Malcolm Nicholls and Kate Simpson, of law firm Proskauer, lay out the negotiation points and the likely effect on economics.
The fundamental building block of the relationship between a manager and its investors is changing, but how is it best negotiated?
A loss for the regulator in Lucia v SEC would plunge dozens of cases into uncertainty and could put a halt to the SEC's sanctioning powers.
The case against buyout firm RLH and one of its portfolio companies may signal a 'significant development' in attempts to hold PE managers liable for portfolio company conduct, law firms say.
Proskauer’s Tim Mungovan and Josh Newville tell pfm about the key litigation risks for private equity this year in our first podcast.
From conflicts of interest to subscriptions lines, lawyers flag up the five issues most likely to trigger court action.