Proskauer Rose LLP

Last week we said goodbye to our Summer Associate Class of 2024. Over the past 10 weeks, they tackled challenging projects, worked hand-in-hand with our exceptional lawyers and forged lasting connections. Thank you for an incredible summer! #SummeratProskauer #SummerAssociate #SummerInternship #LawInternship

Vermont has set a new precedent in climate legislation with the launch of its Climate Superfund Act (S 259). This groundbreaking law imposes strict liability on fossil fuel extractors and crude oil refiners for the damage caused by their greenhouse gas emissions. In her latest article, partner Aliza Cinamon explores the potential legal challenges and significant implications of this pioneering legislation. Click here to learn more: https://bit.ly/3WMKYRK #Proskauer #ClimateSuperfundAct #envrionmentallaw

Our U.K. Regulatory specialists have identified key regulatory developments that will impact a range of U.K. and European financial services firms in 2024. To stay ahead, click here to download our timeline of key dates and commentary: https://bit.ly/3wl27qW #Proskauer #regulatory #finance

Fundraising in the first half of 2024 has shown solid signs of improvement compared to last year. Private Funds Partner Peter Olds shares his thoughts on the recent improvements in infrastructure fundraising and the latest trends in closed-ended funds with Infralogic. Read more here: https://bit.ly/3SzGNGx To learn more about Peter’s insights and expertise, click here: https://bit.ly/4c8ABMv #Proskauer #privatefunds #privatecapital #infrastructure

Partner Colleen M Hart is dedicated to empowering women in law. Please join us in congratulating Colleen as an honoree for Corporate Counsel’s 2024 Women, Influence and Power in Law Awards (“WIPLA”): Mentor & Mentee Collaboration category. Colleen has served as an invaluable mentor in Proskauer’s Colleagues Track program and a leader in pro bono initiatives committed to fostering growth and inclusion within the legal community. https://lnkd.in/eRvqYQCu #Proskauer #womeninlaw #mentorship

Congratulations to Ares Management Corporation on the final closing of a record-breaking $34 billion for its U.S. senior direct lending strategy, marking the largest direct lending fund in the firm’s history and the biggest institutional fund in the market. We’re thrilled to have partnered with Ares on this groundbreaking achievement.   The Proskauer team was led by private funds partners Chip Parsons, Carter Noon, and Kerry Shriver, along with tax partners David Miller and Janicelynn Asamoto Park.   Click here to read more: https://lnkd.in/eZXunqNT   #Proskauer #privatefunds #privatecapital #directlending #privatecredit  

Congratulations to our Private Funds Group, which has been shortlisted for Law Firm of the Year: Fund Structuring in Private Equity Wire’s US Awards 2024. We are thrilled to have been nominated for this recognition and would like to express our gratitude to our clients for their unwavering support. Voting closes on Friday, August 16, 2024. → Vote now: https://lnkd.in/gv8XV-HE #Proskauer #privatefunds #privatecapital

July's UK Tax Round Up features a call for evidence from the government on potential changes to the tax on carried interest and interesting decisions on the application of the carried interest tax regime rules, the non-deductibility of costs related to share and business sales, whether a UK company was resident in the US for double tax treaty purposes by reason of domestic US tax rules and a “special capital” scheme on similar terms to the recent BlueCrest case. Click here to read the full round up: https://bit.ly/3YqzxR2 #Proskauer #PEComment #FIGComment #UKTax #tax #taxlaw

The European Commission recently published the final version of the regulatory technical standards under ELTIF 2.0. In this update, Proskauer’s UK Regulatory team summarizes the key provisions and next steps. Click here to read the full update: https://lnkd.in/emX6k3Vh #Proskauer #FinancialRegulation #ELTIF #Retailisation

We are proud to support our long-standing client, Pemberton Asset Management, on its backing of Exponent's investment in Kingsbridge Healthcare Group (KHG). With KHG’s extensive network of four hospitals and 11 medical centers, this investment will have a significant impact on the communities it serves. Proskauer’s private credit team in London, led by Harriet West and including associates Andrew Montagu Surgey and Zoe Zimmermann, advised on this deal. https://bit.ly/3WIUQvL #Proskauer #privatecredit #privatecapital #healthcare