Investment Fund Law Blog

InvestmentFundLawBlog

Updates and Insights on Legal Issues Facing Fund Managers and Investors

Monthly Archives: May 2012

Mutual Fund Lobby Trashes General Solicitation for Private Funds (Surprise!)

Posted in Private Funds, Registered Investment Companies
Written by:  Jay B. Gould  The recently enacted JOBS Act[1] requires the Securities and Exchange Commission (“SEC”) to promulgate rules that would effectively repeal the ban on general solicitation and general advertising under Rule 506 of Regulation D by private issuers, including private funds.  Pursuant to the JOBS Act, the SEC has 90 days from … Continue Reading

“Stand Together, Fall Together”

Posted in Greek Corner
Written by: James Campbell and Sam Pearse And so Greece paid the bond repayments due on Tuesday.  Some claim that making such a payment was a no-brainer on the basis that the otherwise ensuing litigation and cross-defaults on other bonds was unthinkable.  Other sources claim that the noise coming from Greece over last weekend was … Continue Reading

GREECE’S FORK

Posted in Greek Corner
Written by: Samuel Pearse and James Campbell In the grand scheme of Greece’s debt problems, the sum of approximately €450m may appear modest but tomorrow (15 May) the next repayment of principal is due on foreign law bonds issued by the Hellenic Republic.  In a high stakes version of Morton’s Fork, whether the fractured Greek … Continue Reading