Vistra, one of the world’s leading providers of international incorporations, trust, fiduciary, private office and fund administration services, today announced it has entered an agreement to acquire Radius, a specialist US-based provider of international expansion services. Vistra is acquiring Radius from the private equity firm Hg. The transaction doubles Vistra’s International Expansion Services (IES) business, making it a market leader in IES services, including the number one market position in the USA. Vistra’s IES business helps clients navigate expansion into...

By Wilson Sonsini Goodrich & Rosati On April 26, 2018, the International Trade Commission (ITC) published its long-awaited amendments to its Rules of General Application, Adjudication, and Enforcement. The amendments address a host of issues including the splitting or severance of investigations, early resolution on potentially dispositive issues, subpoena practice, and other procedures intended to address concerns about investigations conducted under Section 337 of the Tariff Act of 1930 (19 U.S.C. Section 1337). The ITC first published proposed amendments on September 24, 2015,...

By Alexandra Kamerling | Sarah Smith | Sam Szlezinger | DLA PIPER Introduction The fines imposed by the European Commission (the "Commission") for substantive breaches of competition law have been steadily increasing in recent years, culminating in the high fines imposed on Intel (€1.06bn), Google (€2.42bn) and the participants in the trucks cartel (totalling €3.8bn). However, the Commission is also increasingly enforcing procedural competition law rules, particularly in the context of the European Merger Regulation (the "EUMR"), imposing fines for breaches, the most recent example being the...

KEY EVENTS THIS WEEK: BREXIT Downing street comes under renewed pressure over customs union British MPs yesterday approved a non-binding motion recommending that the UK should remain in the customs union after Brexit, a move that heaps further pressure on Prime Minister Theresa May and her cabinet ahead of a crucial binding vote that will come back into the House of Commons in the next few weeks. Although a planned non-binding vote scheduled for today did not go ahead as expected, the...

By Paul Sanderson | International Property Tax Institute (IPTI) The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep members up to date with the latest developments in property taxes both in the USA and Europe. IPTI has put together a selection of brief reports from articles contained in IPTI Xtracts which can be found on its website (www.ipti.org). As far as Europe is concerned, this month’s report includes articles on France, Germany, Greece and Poland. There is a separate...

Vistra was named ‘Fund Administrator of the Year’ at the Private Equity Awards 2018 on Tuesday evening.   The award recognises the overall achievement of fund administrators in the calendar year of 2017, reflecting success in creating value for clients through the use of technology, understanding of ever-changing regulation and best-in-class reporting and analysis, as well as the overall evolution of team and strategy.   Commenting on the win, Onno Bouwmeister, Group Managing Director, Alternative Investments at Vistra said: “This is a huge achievement...

By MENAKER & HERRMANN We have some major news about a significant development in our practice. After 35 years as a stand-alone partnership, effective April 30, Menaker & Herrmann will enrich its resources by affiliating with Offit Kurman, P.A., a law firm with a broad general practice and over 140 lawyers in the Washington, D.C., Baltimore, Philadelphia and New Jersey metro areas. We will become the core of Offit Kurman’s New York practice, operating under the Offit Kurman name. The entirety...

By Sharon R. Klein | Alex C. Nisenbaum | Taylor Jon Torrence | Pepper Hamilton With South Dakota and Alabama’s new statutes, all 50 states and the District of Columbia have now enacted data breach notification laws. The Oregon and Delaware amended statutes will enhance requirements, and Canada’s new law sets a national standard. The past few weeks have seen a great deal of activity in the area of data breach notification laws. South Dakota and Alabama — the last stragglers in a nationwide movement to enact...