Legal Update Archive

Preferred Equity: Another Option in the Private Capital Liquidity Toolkit

This is the first in a three-part series on preferred equity. It examines the core features and principal...

Jonathan A. Dhanawade, Todd N. Bundrant, Mark C. Dempsey, Ann Richardson Knox, Frederick C. Fisher, Matthew D. O’meara, Beth D. Vogel, Sheel Patel, Brian Trudgen, Ameer I. Ahmad, Jason S. Bazar, Brian M. Kent, Sean T. Scott, Frank J. Favia, Andrew J. Stanger, Amir A. Rousta, Stephanie Wood

More is Not Always Better: FinCEN Grants Risk-Based Relief from Repeat Beneficial Ownership Verification Requirements

On February 13, 2026, the Financial Crimes Enforcement Network (“FinCEN”) issued an order granting exceptive relief to “covered...

Matthew Bisanz, Gina M. Parlovecchio, Brad A. Resnikoff, Kelly F. Truesdale

Upcoming Reporting Requirements for Venture Capital Companies with a Nexus to California

Venture capital companies with a nexus to California should be aware of new reporting requirements that become effective...

Liz Walsh

Delaware Chancery Court Enforces Capital Calls Based on Subscription Documents and Contract Terms in a Partnership Agreement

In a recent post-trial memorandum opinion, the Delaware Court of Chancery ordered specific performance of capital calls issued under a fund’s limited partnership agreement, reinforcing that capital commitments are enforceable as contractual obligations when clearly documented in a fund’s governing documents and subscription agreements.

Todd N. Bundrant, Mark C. Dempsey, McKay S. Harline

Legal Update Archive

Preferred Equity: Another Option in the Private Capital Liquidity Toolkit

More is Not Always Better: FinCEN Grants Risk-Based Relief from Repeat Beneficial Ownership Verification Requirements

Upcoming Reporting Requirements for Venture Capital Companies with a Nexus to California

Delaware Chancery Court Enforces Capital Calls Based on Subscription Documents and Contract Terms in a Partnership Agreement

Asset-Level Eligibility Series: Delivery of Promissory Notes

Asset-Level Eligibility Series: “Eligible to be Sold” & Transferability Restrictions

Asset-Level Eligibility Series: Governmental Authorities

Asset-Level Eligibility Series: Fully Funded Loans

Asset-Level Eligibility Series: Confidentiality Restrictions

Asset-Level Eligibility Series: Loans Used for “Personal, Family or Household Purposes”

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Legal Update Archive