Capital Markets

  • November 27, 2017

    RYB Faces Stock-Drop Suit Over Child Abuse Scandal

    Beijing-based educational services provider RYB Education Inc. was hit with a proposed investor class action in New York federal court on Monday, days after China's state-run news agency, Xinhua, reported that Beijing police are looking into allegations of child abuse at a kindergarten run by the company.

  • November 27, 2017

    Platform Specialty Closes $550M Senior Notes Offering

    Platform Specialty Products Corp. said Monday it has closed a $550 million senior note offering, with the proceeds to be used to redeem a November 2015 note offer following the specialty chemicals company’s announcement earlier this year that it will separate into two public companies.

  • November 27, 2017

    Globalworth Real Estate Plans To Raise $357M

    Globalworth Real Estate Investments Ltd. is planning to raise roughly €300 million ($357 million) through the sale of new ordinary shares, according to an announcement from the company on Monday.

  • November 27, 2017

    3 Life Sciences Cos., 1 Bank Launch IPOs Totaling $481M

    Three venture-backed life sciences companies and a California bank launched initial public offerings on Monday that could raise a combined $481 million, setting the stage for an upturn in deals following a Thanksgiving pause.

  • November 27, 2017

    Whistleblower Case Could Widen Into A Chevron Challenge

    Oral arguments set for Tuesday at the U.S. Supreme Court in a case focusing on the reach of whistleblower protections under the Dodd-Frank Act could also veer into the broader question of how much leeway regulatory agencies have in interpreting federal statutes.

  • November 27, 2017

    Deals Rumor Mill: Springer Nature, Ping An, Bezeq

    An educational publishing company could be valued at €5 billion ($5.95 billion) in its IPO, the flotation of a Chinese online health care and medical platform could raise as much as $1 billion, and at least four suitors are vying for a controlling stake in Bezeq Israel Telecom.

  • November 27, 2017

    Forex Broker Denied 2nd Chance At Tossing Chancery Suit

    A Delaware Chancery Court judge denied an attempt by the directors of foreign exchange broker FXCM Inc. to have their motion to dismiss a derivative suit reargued, saying Monday his earlier decision keeping some shareholder claims alive due to a perceived lack of independence of the board was not a misapplication of the law.

  • November 27, 2017

    Platinum Execs Charged In $1B Fraud Get 2018 Trial Date

    A Brooklyn federal judge on Monday set an October 2018 start date for the estimated two-month trial of Mark Nordlicht, the co-founder of hedge fund Platinum Partners, and six others accused of a $1 billion fraud.

  • November 27, 2017

    UK Real Estate Group Shelves IPO For Private Funding

    Real estate investor M7 Multi-Let REIT PLC said Friday it canceled plans for an estimated $400 million initial public offering on the London Stock Exchange and has opted instead to raise money privately, marking the latest of several pulled listings in the United Kingdom.

  • November 27, 2017

    Tezos Hit With Class Suit Over Cryptocurrency Offering

    An investor in the Tezos blockchain network accused the company’s executives of offering the cryptocurrency as securities in its initial coin offering without first registering with the U.S. Securities and Exchange Commission, according to a proposed class action filed Sunday in California federal court.

  • November 27, 2017

    UAE-Backed Oil Giant Seeks $2B IPO For Gas Stations Biz

    State-backed Abu Dhabi National Oil Co.’s gas stations unit on Sunday set a price range for an initial public offering that could raise up to $2 billion, representing potentially the largest IPO in the United Arab Emirates since 2007.

  • November 24, 2017

    Forex Wrangle Triggers Late Rewrite Of EU Derivative Laws

    European financial regulators said Friday they are reviewing some aspects of the final stage of new derivative laws that enter into force across the EU in January, following concerns that the legislation clashes with U.S. and other foreign standards.

  • November 24, 2017

    Watchdog Guides On Protecting Investors When Funds Terminate

    Global securities regulators have unveiled 14 steps on good practice for financial firms to follow when ending investment funds, in response to investor protection concerns.

  • November 23, 2017

    Regulator Reveals Bank Compliance Officers' Top Challenges

    The pace, volume and sheer complexity of regulatory change is the biggest challenge faced by wholesale banks, a survey of compliance departments by the U.K. finance watchdog revealed on Thursday.

  • November 22, 2017

    Advanced Disposal Completes $151M Secondary Offering

    Solid waste company Advanced Disposal Services Inc. said Tuesday it has completed an underwritten secondary offering of its stock, allowing affiliates of infrastructure-focused private equity firm Highstar Capital and Brazilian financial firm BTG Pactual to cash in on their stakes in the company to the tune of $151 million.

  • November 22, 2017

    CFTC Settles Fraud Suit Over Online Trading School For $5M

    A California couple accused of scamming would-be commodity futures traders into purchasing expensive memberships in their SchoolOfTrade.com business have been put on the hook for paying nearly $5 million in restitution and civil penalties as part of a deal ending a U.S. Commodity Futures Trading Commission fraud suit.

  • November 22, 2017

    SPACs Grabbing Bigger Share Of IPO Market

    Initial public offerings by special purpose acquisition companies are growing at their most robust clip since before the financial crisis, giving more visibility to a once remote corner of the IPO market.

  • November 22, 2017

    Latham Steers Indian Life Insurance Co.'s $1.3B IPO

    Latham & Watkins LLP has represented the underwriters of HDFC Standard Life Insurance Co. Ltd. in its $1.33 billion initial public offering in Mumbai, marking another capital markets transaction for the firm’s India practice, which has guided more than $6.5 billion in IPOs this year.

  • November 22, 2017

    CFTC Sees Steep Drop In Enforcement Actions In 2017

    The U.S. Commodity Futures Trading Commission on Wednesday announced that it had imposed nearly $413 million in sanctions in fiscal 2017, less than half of the penalties issued in the previous fiscal year and the lowest since 2011.

  • November 22, 2017

    Xinyuan Real Estate Sells $200M Of Senior Notes

    Xinyuan Real Estate Co. Ltd. has finalized a deal to sell $200 million in senior notes, according to an announcement on Wednesday from the Chinese developer.

Expert Analysis

  • The Law Firm CFO’s Role In The Strategic Planning Process

    Tyler Quinn

    Today's law firm chief financial officer should be involved in many areas beyond traditional financial management, including operations, risk management and information technology. He or she can support strategic planning throughout the process, from development of the plan to its implementation, measurement and eventual evolution, say Tyler Quinn and Marc Feigelson of Kaufman Rossin PA.

  • SEC's Disclosure Proposal Is A Step In The Right Direction

    Nicolas Grabar

    Recently proposed changes to the U.S. Securities and Exchange Commission’s disclosure requirements could signal a trend to emphasize quality over quantity and principles-based rather than prescriptive rules, which would benefit U.S. public companies and investors alike, say attorneys with Cleary Gottlieb Steen & Hamilton LLP.

  • Law Firms Must Transition To An Industry Sector Approach

    Heidi Gardner

    Clients are beginning to expect and demand that their external lawyers provide advice tailored to the client's industry. Aside from this, law firms should want to move toward a sector approach because industry-focused groups are a natural place for cross-practice collaboration to flourish, say Heidi Gardner and Anusia Gillespie of Harvard Law School.

  • AML For Broker-Dealers: Takeaways From SEC Enforcement

    Jesse Morton

    The U.S. Securities and Exchange Commission recently started regularly using Rule 17a-8 under the Securities and Exchange Act as a tool to enforce anti-money laundering deficiencies with broker-dealers. These enforcement actions offer a number of key takeaways that may help broker-dealers enhance their AML compliance program, says Jesse Morton of Stout Risius Ross LLC.

  • Series

    Judging A Book: Kozinski Reviews 'The Judge'

    Judge Alex Kozinski

    In their new book, "The Judge: 26 Machiavellian Lessons," do Ronald Collins and David Skover prove their thesis that hypocrisy is the key to judicial greatness? Some of the examples they present are hard to dispute, says Judge Alex Kozinski of the Ninth Circuit.

  • The Evolution Of Regulators’ Views On Bitcoin ETFs

    Daniel Nathan

    Bitcoin has taken two significant steps toward legitimacy since the Winklevoss and SolidX exchange-traded fund applications were rejected by the U.S. Securities and Exchange Commission earlier this year. As bitcoin trading proliferates, it is likely that the SEC will change its stance and approve a bitcoin ETF, say attorneys with Morvillo LLP.

  • Financial Crisis Anniversary

    New Post-Recession Metrics For BigLaw Partner Success

    Peter Zeughauser

    After nearly a decade of recession-accelerated change in the legal industry, “merit-based” compensation has largely come to mean measuring attorney success using some combination of origination and working attorney hours metrics. However, there are signs that the real impact of the recession is still around the corner, and that building a book isn’t enough, says Peter Zeughauser of Zeughauser Group.

  • Opinion

    Time To Lift Student Loan Counseling Restrictions

    Christopher Chapman

    While it lends more than $100 million each year to our nation’s college students — including law students — the U.S. Department of Education surprisingly limits loan counseling to one-time entrance counseling for first-time student borrowers. Is this rational? asks Christopher Chapman, president of AccessLex Institute, a nonprofit focused on access to legal education.

  • A Look At The New Qualified Financial Contracts Rule

    Rashmi Seth

    New regulations approved by the Federal Reserve and the Federal Deposit Insurance Corp. will fundamentally change the playing field for end users or buy-side counterparties that engage in certain types of financial agreements with the world’s largest financial institutions. Here, attorneys with Arnold & Porter Kaye Scholer LLP break down the issues that parties to qualified financial contracts should consider as the rules go into effect.

  • SEC Stakes Claim As Digital Currency Regulator

    Robert Khuzami

    The U.S. Securities and Exchange Commission's recent enforcement action against Maksim Zaslavskiy and his two companies firmly establishes the commission’s assertion of authority over digital currencies. But it is important to note that the SEC’s recent foray into digital currencies is not the first assertion of regulatory authority in this arena, say attorneys with Kirkland & Ellis LLP.