Australia-based property finance group Octaviar Administration Pty Ltd. on Thursday won Chapter 15 recognition in a New York bankruptcy court, six months after the Second Circuit overturned an earlier order granting the relief.
A pub in London has reportedly fetched a record $46 million, while AFI is said to have secured $299 million in financing and Indiabulls reportedly spent $264 million on a London property.
Canary Wharf Group plc has sold a majority interest in one of London’s largest buildings to a partnership between China Life Insurance Co. Ltd. and Qatar Holding LLC for £795 million ($1.35 billion), Canary Wharf announced Friday.
The Internal Revenue Service's recent set of proposed rules on what constitutes real property for real estate investment trusts comprehensively spells out its position on REIT asset requirements, but companies may still need further clarification from the IRS, lawyers say.
Citing concern over the lack of transparency in the current U.S. fixed-income markets, U.S. Securities and Exchange Commission Chair Mary Jo White unveiled on Friday a dual-pronged plan to give retail investors greater insight into the prices of municipal and corporate bonds.
The National Futures Association on Friday said it has reached a $3.5 million deal with futures commission merchant Vision Financial Markets LLC and commodity trading adviser Ace Investment Strategists LLC to settle allegations that they misused customer funds, and has effectively barred the operators from NFA membership.
Jurors in the New York trial of Rengan Rajaratnam, the younger brother of convicted Galleon Group LLC boss Raj Rajaratnam, have heard over recent days that information sources in the brothers’ alleged insider trading conspiracy likely violated corporate secrecy agreements.
The Carlyle Group sold its 7.13 percent stake in winter jacket maker Moncler for €215 million (US$292 million) and also picked up all of a Japanese pharmaceutical manufacturer for an undisclosed amount, the asset manager said on Friday.
A recent shift in the structure of employer-sponsored investment plans has helped inspire a flood of new funds aimed at diversifying investors' portfolios with real estate and other illiquid assets, though experts say a steep learning curve still exists for both plans and fund sponsors.
Pastore & Dailey has hired the former general counsel of investing firm NewOak Capital LLC as a partner in its New York office, luring him away from 13 years of in-house practice for banks and financial institutions, the firm announced recently.
Proposed passenger rail service All Aboard Florida — owned by an investment fund-backed company — has asked a Florida state court to block a public records request seeking information about the project, claiming the information requested contains trade secrets protected by state law.
The U.S. Securities and Exchange Commission’s Enforcement Division this week lived up to its long-standing promise to punish those who retaliate against whistleblowers, but experts say the case is just as much about the agency protecting its ability to get insider tips.
A Delaware Chancery judge agreed Thursday to fast-track a lawsuit by Bill Ackman's Pershing Capital Management LP that seeks a declaration that requesting a special meeting of Allergan Inc.'s shareholders won't trigger a poison pill meant to shield the Botox maker from the fund's $53 billion buyout campaign.
U.K. financial regulator Financial Conduct Authority on Thursday announced its new “Enhanced Supervision” approach, which would formalize firm supervision in response to the Parliamentary Commission on Banking Standards’ recommendation that regulators be given additional powers to address serious failings of standards in all firms.
Brown-Forman Corp. and Legg-Mason Inc. on Tuesday became the latest companies to challenge a Texas tax policy barring the use of a three-factor formula in calculating what they owe to the state under its business tax.
The Massachusetts secretary of state’s office accused a Boston real estate investment firm and two of its executives of misappropriating over $9 million in investments and defrauding 513 investors, many of them elderly, according to an administrative complaint filed Wednesday in the office’s securities division.
Spanish banking giant Banco Santander is joining forces with U.S. private equity firm Warburg Pincus LLC and Singapore’s massive sovereign wealth fund to build up the bank's custody business in Spain and Latin America in a truly global deal, with the investors paying €487.5 million ($663.8 million) for a 50 percent stake.
Real estate-focused global investment firm Starwood Capital Group will acquire hotel operator TMI Hospitality Inc. for an undisclosed price, in a deal that includes 188 hotels and the management company and development platform, the companies announced Thursday.
The Delaware Chancery Court this week kept alive a hedge fund's challenge to Sprint Nextel Corp.'s $3.6 billion Clearwire Corp. takeover, putting the spotlight back on the landmark MFW decision widely seen as a safeguard for deal makers facing increasingly litigious shareholders.
While many private equity firms are taking to the public market, KKR & Co. LP shied away from that path, instead favoring a private equity placement with select investors to raise cash for its debt-strapped portfolio company First Data Corp.