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Is There an Offshore In Cyberspace?
The multibillion-dollar world of offshore investment funds is moving into cyberspace by offering securities on the Web. The SEC, however, has taken an interest in Internet offers by foreign issuers, including whether they fall within the SEC's regulatory jurisdiction -- and whether they violate securities laws. The key to successfully avoiding U.S. regulation is to avoid targeting U.S. investors, which is not as simple as it sounds.Seward & Kissel Lawyers Help Negotiate Deal With Somali Pirates
The day after Thanksgiving, James Christodoulou found himself in an impossible situation. The CEO of Stamford, Conn.-based Industrial Shipping Enterprises had just received word that a band of Somali pirates had boarded and hijacked one of his tankers -- the Liberian-flagged MV Biscaglia -- in the Gulf of Aden. Christodoulou turned to his company's longtime outside counsel at Seward & Kissel for assistance in rescuing the ship's 28-man crew and putting company investors at ease.Partner Profits Plunge at Top U.K. Firms, but Revenues Hold Steady
The U.K.'s top law firms have suffered a dramatic fall in profitability and a shrinking market in what has been confirmed as the worst economic conditions for the profession since the early 1990s. Legal Week's 2008-09 results, the first comprehensive picture of the performance of the U.K.'s top 50 law firms, shows that profits per equity partner across the group on average fell by 17.3 percent.Carbon Market Opportunity Came Out of Thin Air
Atlanta attorney John Varholy went to London six years ago to help clients trade an invisible, intangible commodity on a market that didn't exist. Now the managing partner of Troutman Sanders' London office, Varholy focuses on the market for trading carbon emission allowances -- essentially, the right to pollute. Created by a Gordian knot of regulations, the multibillion-dollar market is big business in Europe, and it may one day serve as a model for what could happen in the United States.Lawyers' Fund for Client Protection List of Ineligible Attorneys
Notice to the bar.Trending Stories
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