SoFi’s Post

The Corporate Transparency Act (CTA) requires certain companies to report information about the company and the company’s owners with FinCEN. In this article, Robert Garner, Harold Israel, and Suzanne Shier explain how the CTA impacts troubled company fiduciaries, such as bankruptcy trustees, receivers, and chief restructuring officers. https://lnkd.in/gxQgwuM4

Check out this Reuters article where Bethany Simmons and I discuss several important questions that the Corporate Transparency Act (CTA) raises in bankruptcy as well as potential clarification from FinCEN in a pair of recent cases.  #bankruptcy #bankruptcylitigation #bankruptcylaw

***Escrow services*** Are you a professional navigating high-value, complex M&A transactions? You’ve likely encountered the friction and delays that come with setting up Escrow for secure fund movement. It’s a common frustration. Through my experience and feedback from clients, I’ve seen firsthand how these obstacles can slow deals down and create unnecessary headaches. But it doesn’t have to be this way. Partnering with a trusted, independent third party can significantly reduce the friction. We take on the heavy lifting as your dedicated Escrow or Paying Agent, so you don’t have to. Mitigate risk. Remove administrative burdens. Prevent any chance of misappropriation. Most importantly, give your clients the peace of mind and transparency they need to move forward with confidence. Let’s ensure every transaction runs smoothly, securely, and without delays. #mergesandacquisition #escrow #payingagent #legal #advisory

When an investment advisor is involved in an action for breach of fiduciary duty, negligence, breach of contract or common law fraud, how would matters of discovery be impacted under a proposed FinCEN rule? Our Jessica Kopas explains the big picture for investment advisors in our latest DE Insight. #investmentadvisors #investmentadvisor #fincen #SEC #DEinsights https://lnkd.in/ebN7_5uh

What are the directors responsibilities in the liquidation process? In the liquidation process, directors have critical responsibilities to ensure the orderly and fair winding up of a company. Fulfilling these responsibilities is essential for directors to manage the liquidation process effectively and ethically, protecting the interests of creditors and upholding legal standards. #directorduties #liquidationsupport #mybusinesssupport #insolvency #directorhelp

Have you checked out our case studies? Discover how leading #accountancy firm James Cowper Kreston made savings in the reduction of unnecessary paper and ink and in administration time as their process became more streamlined. As a result, JCK’s clients are now benefitting from a superior end user experience. #accountants #fintech #fintechnews #fintechsolutions

Learn about the effects of economic difficulties on portfolio companies and their private fund sponsors in 2024. In our ongoing Top Ten Regulatory and Litigation Risks for Private Funds series, our asset management litigation team discusses how financial strain and changes in interest rates are transforming the industry, driving disputes, and increasing litigation risks. https://bit.ly/3vs3nbT #Proskauer #privatefunds #privatecapital #assetmanagementlitigation

Our Trustease Private Trust Companies platform allows family offices to create a legacy of trust. #privatetrustcompany #familyoffice #singlefamilyoffice #trust #trustee #independenttrustee #individualtrustee #fiduciary #attorney #beneficiary #trustandestate #estateplanning #trustadministration #legaltech #fintech

New year, new challenges in bank-fintech partnerships. Yet, #banks and #fintechs recognize the immense value and resilience these alliances bring. Here's a glimpse into 2024's approach (spoiler: high expectations all around).