September 24, 2015

Steven Rabitz quoted in "Prohibited Transaction, Reporting and Side Letter Considerations Under ERISA for European Hedge Fund Managers"

THE HEDGE FUND LAW REPORT | A growing number of European hedge fund managers are actively seeking injections of capital from U.S. investors subject to The Employee Retirement Income Security Act of 1974 (ERISA). Hedge fund managers wishing to "cross-over" their funds into the ERISA regulatory sphere must, however, be cognizant of the increased and complex tangle of regulations and compliance obligations which have often deterred European managers from pursuing ERISA assets.

According to Steven W. Rabitz, a partner and head of Stroock's Employee Benefits and Executive Compensation Practice Group, one means of addressing certain of ERISA's transactional restrictions is via the Qualified Professional Asset Manager (QPAM) exemption.

  • September 16, 2015

    Ira K. Teicher Selected as a 2015 Daily Business Review Rising Star

    DAILY BUSINESS REVIEW | Ira K. Teicher, a partner in Stroock's Real Estate Practice Group, was selected as a Rising Star on the Daily Business Review's 2015 list, which recognizes the region's 40 most promising up-and-coming lawyers, under age 40, who have wielded influence in their practice areas in the region and beyond....Read More

    September 16, 2015

    Stroock Attorneys Recognized as Super Lawyers and "Rising Stars"

    PRESS RELEASE | Stroock & Stroock & Lavan LLP, a national law firm with offices in New York, Los Angeles, Miami and Washington, DC, announced that 86 Stroock attorneys have been named to Super Lawyers for 2015. Among those listed are several first-time Super Lawyers, including Partners Charles E. Cantine, Chris Griner, Janna Manes and Kevin L. Smith.

    Ranked as "Rising Stars" were Partners Sayan Bhattacharyya, Jayme T. Goldstein, Andrew S. Lewner and Nicole M. Runyan; Special Counsels Brian I. Greene, Dina Kolker, Jeffrey Mann, Armando X. Ramirez and Jason M. Sobel; Associates Jonathan D. Canfield, Lucas T. Charleston, David M. Cheifetz, Brendan S. Everman, Matthew G. Garofalo, Crystal Y. Jonelis, Shaina S. Kamen, Daniel E. Martinez, Alisa M. Taormina and Stephen E. Underwood....Read More

  • September 16, 2015

    Stroock Announced As Finalist For The 14th Annual M&A Advisor Awards

    PRESS RELEASE | Stroock was named as a finalist for the M&A Advisor's 14th Annual M&A Advisor Awards in the following categories: Equity Financing Deal of the Year and Financial Services Deal of the Year (From $10MM to $100 MM).

    Stroock's "Deal Financing of Hunan" and "Acquisition of Trade Processing Business of Wilmington Trust" transactions have been selected from the nominees in the first stage of evaluation and the independent panel of judges will announce the award winners on November 17th....Read More

    September 10, 2015

    Stroock & Stroock's William Campbell Talks Construction Lending and Loan Syndication

    COMMERCIAL OBSERVER | On September 10, 2015, Commercial Observer featured a Q&A with William Campbell, partner and member of Stroock's Real Estate Practice Group, who represents commercial real estate clients in acquisitions, sales, equity investments and the origination and securitization of debt across the loan spectrum.

    In the Q&A, Mr. Campbell discussed several issues that impact the real estate industry, including construction lending, EB-5 financing, land supply in New York City and syndication trends....Read More

  • September 8, 2015

    Stroock Lawyer Irene Oria Named National Finance Director of Hispanic National Bar Association

    PRESS RELEASE | Stroock & Stroock & Lavan LLP announced that Irene Oria, a special counsel in the firm's Miami office, has been elected National Finance Director for The Hispanic National Bar Association. Ms. Oria, who just completed a year of service as the HNBA Regional President in Florida, was sworn in for the one-year term of National Finance Director during HNBA’s annual convention September 2 - 5 in Boston.

    In the position of National Finance Director, Ms. Oria chairs one of the organization’s most important committees. She leads a team of lawyers and legal professionals responsible for communicating with the association’s supporters and sponsors and ensuring the financial sustainability of the HNBA....Read More

    September 1, 2015

    Stroock Listed as One of NYC's Biggest Real Estate Law Firms

    THE REAL DEAL | This September, The Real Deal ranked the number of attorneys in New York City's biggest real estate law practices based on a late-summer snapshot. With 60 New York-based attorneys in Stroock's National Real Estate Practice Group, the firm is tied as having the fifth largest practice group in the city.

    Stroock prides itself on having a wide range of in-house expertise, from commercial lending to land use, partners said, noting that single focus firms sometimes have to bring on outside experts which can rattle clients....Read More


Chris Griner to Speak at National Aerospace Foreign Direct Investment (FDI) Expo

Stroock Partner Chris Griner will be speaking at the Aerospace States Association and Department of Commerce's National Aerospace Foreign Direct Investment (FDI) Expo. The conference will be held on October 26-28, 2015 in Los Angeles, CA.

The International Trade Administration, SelectUSA, and the Aerospace States Association (ASA) are co-hosting the event to showcase the exceptional aerospace investment and business opportunities available in the U.S.

  • October 8, 2015 - GlamourGals Foundation: An Evening of Shopping at Henri Bendel
    Read More
  • October 18-21, 2015 - AIRROC 2015 NJ Commutations & Networking Forum
    Read More
  • October 19-20, 2015 - Corporate Counsel’s Hedge Fund General Counsel and Compliance Officer Summit
    Read More
  • October 1, 2015 | STROOCK SPECIAL BULLETIN

    "Updates on Principle-Based Reserving"

    This Stroock Special Bulletin provides an overview of developments regarding principle-based reserving legislation, the Process and Procedures Manual, which has been referred to the Principle-Based Reserving Implementation (EX) Task Force ("PBRITF"), a planned PBR pilot, the goal of which would be to aid in the

    implementation of PBR by reviewing the regulatory processes and company submissions and by making changes, if any, to the regulatory review process or VM instructions before the PBR effective date, and other relevant topics.

  • October 1, 2015 | STROOCK SPECIAL BULLETIN

    "New Regulated Investment Company Controlled Group Regulations and Fund of Funds Guidance"

    This Stroock Special Bulletin provides an overview of recently finalized Treasury regulations that clarify the “controlled group” rules that apply to regulated investment companies (“RICs”) for purposes of the three-pronged “25%” asset diversification test under Section 851(b)(3)(B) of the Internal Revenue Code of 1986, as amended. The new Treasury regulations impact any RIC that invests in or through a corporation (or an entity treated as such for U.S. tax purposes) in which the RIC has a 20% or greater voting interest.

    This Stroock Special Bulletin also provides an overview of Revenue Procedure 2015-45, which was issued at the same time as the new Treasury regulations.

    Revenue Procedure 2015-45 provides a safe harbor under which a RIC that invests in other controlled RICs as part of a “fund of funds” structure will, in the circumstances described in this Stroock Special Bulletin, be treated as satisfying the 25% asset diversification test of Code Section 851(b)(3)(B).

  • October 2015 | HABITAT

    "Whose Terrace Is It, Anyway?"

    Does the board have the right to use a unit owner's terrace in order to make repairs to the building? Probably. Does that right continue even if there are delays so that use of the terrace for work to the building exterior continues even after the end-date agreed to by the board? Again, probably.

    In Natalie and Geoffrey Richstone v.

    The Board of Managers of Leighton House Condominium, the court looked to the condominium's declaration and by-laws to decide not just whether the board had the right to use the terrace, but also whether the unit owners in fact had to remove their wood installations.

  • September 25, 2015 | STROOCK SPECIAL BULLETIN

    "FERC Proposes Expanding Disclosure Requirements for RTO and ISO Market Participants to Cover Broader Array of Information"

    On September 17, 2015, the Federal Energy Regulatory Commission ("FERC") issued a notice of proposed rulemaking inviting comments on new regulations that, if adopted, would require all entities that participate in markets administered by regional transmission organizations ("RTOs") and independent system operators ("ISOs") to identify a wider array of business relationships than currently required. The proposed rule is intended to improve FERC's ability to detect market manipulation.

    This Stroock Special Bulletin provides an overview of the proposed rule, which would replace each RTO's and ISO's existing affiliate disclosure requirements for its market participants with new tariff provisions requiring the identification of "Connected Entities." The proposed rule also would require each RTO and ISO market participant to obtain a Legal Entity Identifier ("LEI"), a unique identification assigned to single entities, for itself and its Connected Entities.

    The proposed rule would require all RTOs and ISOs to provide this information to FERC, and each of these entities would have the authority to audit this data. RTOs, ISOs, and FERC would rely on the information to identify, or rule out, potential market manipulation.


    "The Rejection and Modification of Collective Bargaining Agreements Pursuant to Bankruptcy Code Section 1113"

    A debtor seeking to reorganize will, during the course of its bankruptcy case, often seek to reject unfavorable contracts in order to ensure that the debtor obtains the fresh start that the chapter 11 process is intended to provide. Rejection of prepetition contracts is governed by section 365 of chapter 11 of title 11 of the United States Code (the "Bankruptcy Code"), with a significant exception.

    A collective bargaining agreement between a debtor and an employee union can only be rejected or modified in a chapter 11 case pursuant to the stringent requirements set forth in section 1113 of the Bankruptcy Code.