DLA Piper Financial Services Sector

We are proud to be a Gold Sponsor of the Fund Finance Association 2024 Global Leadership Summit, taking place next week in Portugal.   Our Partners, Xavier Guzman, Charlotte Lewis-Williams and Caroline Pimpaud, will be attending the summit and look forward to connecting with clients and peers. If you’d like to arrange a meeting, feel free to reach out to them directly. #fundfinance #ffa

Check out topic highlights from our recent panel discussion led by DLA Piper's Ryan Moreno on the intersection of #PrivateCredit and #Insurance company capital, "Insured Momentum: Accelerating Private Credit Growth." http://spr.ly/6049W5EKV We were joined by panelists from Ares Management Corporation, Aquarian Holdings, New Mountain Capital, Assured Guaranty, Kroll and the former Maryland Insurance Commissioner. Here, Ryan previews the discussion on #NAIC interest in #RatedFeederFunds. To request the full recording and related slides, please email Marcia.Cerqueira@us.dlapiper.com.

Earlier this year, American Bankruptcy Institute Editor-at-Large Bill Rochelle argued in Rochelle’s Daily Wire that the Third Circuit’s decision in Vertiv Inc. v. Wayne Burt PTE Ltd. renders “chapter 15 either optional or irrelevant," citing Prof. Jay L. Westbrook of the University of Texas School of Law, who said that it “had an otherworldly feel” of an “alternative universe” where the court “crafted a wholly common law alternative to chapter 15.” In the most recent edition of the ABI Journal, DLA Piper's Craig Martin, Rachel Ehrlich Albanese, and Erik Stier disagreed, suggesting that the Third Circuit’s clarified test for adjudicative comity has a place alongside chapter 15 in civil litigation. Read more and download the full article here: http://spr.ly/6048lyzRs #Chapter15 #BankruptcyLaw #Restructuring #Vertiv

Join us on 12 September for a breakfast session titled 'GCC Payments and Virtual Assets Regulatory Update' on the 10th floor of our Dubai office from 09.00 to 11.00.

The Bankruptcy and Diligence (Scotland) Act 2024 enacted on 15 July 2024, introduces critical reforms to debt and mental health legislation in Scotland. This article, written by Sarah Letson and Leigh Heron, focuses on the new mental health moratorium (MHM), designed to protect individuals with serious mental health issues from debt enforcement.   The MHM aims to address gaps in the existing moratorium system, which is less accessible and flexible for individuals with mental health problems. It also aligns with similar legislation in England and Wales, offering insights for effective implementation.   For a detailed exploration of the 2024 Act, the forthcoming MHM and its implications, read the full article via the link below. #debtenforcement #mentalhealth #bankruptcy

In this third edition of Digital Digest, we summarise the key developments in the UK digital asset space over the first half of 2024. Written by Dan Jewell, Sam Gokarn-Millington, Sophie Lessar, Chloe Cumber and Lewis Baxter this edition covers recent court cases on cryptocurrency fraud and the identity of Bitcoin "inventor" Satoshi Nakamoto. It also includes updates on the Law Commission's draft Digital Assets Bill, which aims to confirm digital assets as property, and addresses regulatory strides in cryptoasset-backed Exchange Traded Notes, financial promotion regulations, and anti-money laundering rules for NFT providers. Click below to read more https://lnkd.in/dZX7EvwT

Following the release of our carried interest guide, which provides an insight into how carried interest and salary is taxed across 14 jurisdictions, we explore the four key employment aspects to consider where carried interest is awarded to Fund Managers and practical tips on how to address these. Click on the link to read more: https://lnkd.in/ehx_7nWR..

DLA Piper Poland is proud to be the co-organiser with PCS of the third Annual Warsaw Symposium, 'Securitisation – Europe's Categorical Imperative'. The event, which will take place on 17 September 2024 at the Sofitel Warsaw Victoria hotel, will focus on the evolving role of securitisation in European banking. Various approaches in different jurisdictions and their implications for global and local markets will be explored, with a focus on Poland. Steven Krivinskas, Partner at DLA Piper UK, a specialist in finance practice, will co-present a panel titled: "Fireside Chat: Is Poland ready for trade receivables?", and Pawel Turek, Counsel from DLA Piper's Warsaw office, will wrap up the event with closing remarks. Participants will have a unique opportunity to network with industry experts, take part in discussions on emerging market trends, and make valuable contacts. The Warsaw Symposium is part of a series of events organised by PCS, a non-profit organisation founded in 2012. PCS acts as an external review agent for STS securitisations with the aim of shaping a favourable legal and regulatory environment for the European economy. See you on 17 September 2024 in Warsaw! More information and registration at: https://lnkd.in/d88ygiPy #DLAPiperPoland #PCS #STS #Securitisatio

Thanks to everyone who joined us earlier this week for our first International Venture and Growth Finance forum. Gavin Barwell shared some fascinating insights into the political and economic outlook for our Venture and Growth investment and lending markets in the UK, Europe and the US. Thanks also to our panel who then shared perspectives from the Nordics, Germany, USA and UK as to the key issues and market conditions for growth capital and finance, including various state initiatives to encourage investment in this space, the sheer volume of deals done and capital waiting to be deployed. Conversations continued after the session, networking with funders, investors, advisers and DLAP team members from the USA, Finland, Sweden, Denmark, Spain, Italy, Germany, Ireland, England and Scotland. Read our outlook for Venture and Growth Debt Finance and the key themes for this year: https://lnkd.in/e6iiwi6g Stephen Bottley Amar Maan Wolfram Distler Joachim Kundert Eric Eisenberg Alexander (Sasha) Kolmakov

Interested in the outlook for Venture & Growth finance and investing across Europe and the US? - There's still time to register for our event on Tuesday 9 July. Hosted by our international #ventureandgrowth finance team, it will include guest speaker Lord Gavin Barwell with his thoughts on what we might expect politically and economically for the remainder of 2024 and a panel discussion featuring contributions from across our global team, including Stephen Bottley, Eric Eisenberg, Wolfram Distler, Joachim Kundert, Alexander (Sasha) Kolmakov and Amar Maan. Click the link below to register your interest: https://lnkd.in/e22MTFyu Read our outlook for Venture and Growth Debt Finance and the key themes for this year: https://lnkd.in/e6iiwi6g