Two recent developments may affect private funds, including syndicated real estate offerings. First, at the end of last summer the SEC adopted the Private Fund Adviser rules,.
Beginning January 2024, several new laws began to take effect, impacting various professionals - specifically those U.S. businesses and entities who file documents.
In October 2023, we issued a Corporate Alert for clients pertaining to the Corporate Transparency Act ("CTA"), a new federal law that took effect as of January 1, 2024.
On March 1, 2024, the U.S. District Court for the Northern District of Alabama (the "Court") issued an opinion declaring the Corporate Transparency Act ("CTA") unconstitutional.
As discussed in our previous client advisory, earlier this month, the U.S. District Court for the Northern District of Alabama entered a final declaratory judgment.