André Duminy has joined Kirkland & Ellis as a partner in the technology and IP transactions practice in London, the firm said Tuesday. Duminy focuses his practice on technology and business separation matters, as well as complex multi-vendor and multi-jurisdictional carve-out transactions, according to Kirkland. He has experience in a number of sectors including financial
An admitted scammer who lived in a $5.4 million penthouse in the West Loop has returned to the fraud game — even though he was already awaiting sentencing for stealing $23 million from investors in Chicago and elsewhere, federal prosecutors say. Sean Grusd, whose victims have compared him to notorious fraudster Bernie Madoff, pleaded guilty
Being one of the world’s largest companies with deep pockets, Intel invests in hundreds of startups around the world in a bid to foster the growth of companies in emerging and established domains and strengthen the high-tech ecosystem and supply chain. Intel Capital holds stakes in 43 Chinese technology startups and has invested in more
Students who complete Power52’s Energy Professional Training Program and solar curriculum may now transfer to a skilled building trades associate degree program at Howard Community College, thanks to a new articulation agreement with the Power52 Foundation. “We are thrilled to partner with Howard Community College to create a transformative pathway for our graduates,” said Cherie
Gore Street Energy fund said it remains confident in delivering strong returns to investors despite “challenging” conditions in Britain’s energy storage market over the last year. Annual earnings before interest, taxation, depreciation and amortisation (EBITDA) at the London-listed fund came in broadly level at £28.4m, up from £27.8m the year prior. But net asset value
In Maple Grove, it’s no longer one license size fits all for homeowners renting out their properties. The City Council on Monday approved an ordinance establishing a new short-term license option geared mainly for homeowners who list their dwellings on platforms such as AirBnB or VRBO and provide weekend accommodations to vacationers or those who
The net asset (NAV) value for a fund from Fidelity International has been put on a blockchain, which could accelerate fund tokenization and facilitate the automation of fund administration. On 3 July 2024 Chainlink, which provides infrastructure for the tokenized asset economy across blockchains, announced a collaboration with Sygnum Bank, the digital asset banking group,
By Melanie Waddell July 16, 2024 at 01:29 PM DOL’s argument that ERISA authorizes DOL to go beyond common law ignores the 2018 decision, insurance groups say. Insurance trade groups told a federal court in Texas on Friday that the Labor Department’s new fiduciary rule should be halted because DOL exibited “outright defiance” of the
(Reuters) – Canada’s TC Energy said on Tuesday a free trade arbitration tribunal had tossed out its claim to recover more than $15 billion from the U.S. government for the cancellation of its Keystone XL project. The pipeline operator had submitted a formal request for arbitration under the North American Free Trade Agreement (NAFTA) in
For tax professionals, the year’s midpoint provides an appropriate time to reflect on developments thus far — and between Supreme Court cases, congressional legislation, and agency pronouncements, this year may well be more eventful than most. By the end of the year we will have a clearer view of the overall picture. In the meantime,