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The attorneys at DarrowEverett are business lawyers, committed to relentless protection of clients’ interests and maintaining uncompromising ethical standards with a focus upon execution and results.

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Fifth Circuit Puts the Brakes on SEC’s Private Fund Rules: What’s Next For Private Fund Advisers

DE Insights

Fifth Circuit Puts the Brakes on SEC’s Private Fund Rules: What’s Next For Private Fund Advisers

The Fifth Circuit Court has nullified the SEC's Private Fund Adviser Rules, posing a significant challenge to the authority of federal agencies in rule-making. Introduced in August 2023, these rules were designed to enhance regulatory requirements, promote transparency, and prohibit certain side letter arrangements used by private fund advisers.

Florida State and Clemson vs. the ACC: Is There a Way Out for Both?

DE Insights

Terminating Employees? Ignoring State And Local Wage Laws Can Cost You

Terminating employees can be daunting, and failing to follow state or local rules can make it even more difficult and costly.

The Heat Is On SEC’s Climate-Related Disclosure Rules

DE Insights

IRS Targeting Partnership Basis-Shifting Transaction Schemes

The IRS aims to stop abusive basis-shifting in related-party transactions, with significant impacts if new regulations are finalized.

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Client Alerts

Our team wants you to stay informed about legal and regulatory developments that impact your business.

Fifth Circuit Puts the Brakes on SEC’s Private Fund Rules: What’s Next For Private Fund Advisers

In a continuation of recent court decisions overturning the rule-making authority of federal agencies, a recent decision by the U.S. Court of Appeals for the Fifth Circuit vacated the Securities and Exchange Commission’s (SEC) Private Fund Adviser Rules (the “Rules”), which had been adopted in August 2023. The Rules were aimed at increasing regulatory requirements…
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Terminating Employees? Ignoring State And Local Wage Laws Can Cost You

Terminating employees can be a daunting task. Failing to follow your state or local rules when terminating an employee can make the task exponentially more difficult and expensive. When a business plans on firing or laying off an employee (known as “involuntary termination”) it is imperative business owners consult state and local laws prior to…
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IRS Targeting Partnership Basis-Shifting Transaction Schemes

The Internal Revenue Service (“IRS,” or the “Service”) issued guidance on June 17, proposing new regulations and releasing a revenue ruling to challenge the use of basis-shifting transactions by complex partnerships. In making its announcement, IRS officials stated that closing this loophole could result in over $50 billion in new tax revenue for the U.S.…
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