Civil Law

When the Investment Scammer Provides Clues, Listen

Investment Scammer Drops Several Clues Along The Way

The story of Norman V. Meier, a Wakefield Massachusetts resident, demonstrates a way to uncover a fraudulent model before investing. First, a little about the Meier alleged financial investment fraud. Recently Meier was charged with several violations of the Securities Act. Over the course of eight years, Meier collected $ 7.9 million from over 180 investors throughout Europe, and even a handful in the United States, all while “operating” several businesses throughout … Read the rest

Civil Law

Investment in Transmission Infrastructure for Future Offshore Wind Developments

Given the ambitious targets for offshore wind in support of the UK’s net zero ambitions, it is recognised that the existing grid connection infrastructure may be inadequate and that it is likely that provision needs to be made for more co-ordinated grid connections that incorporate the additional capability required to connect future offshore generation projects.

The costs and investment required to support the later connection of future offshore development(s) is referred to as “Anticipatory Investment”. The UK’s Office of Gas … Read the rest

Civil Law

IFSCA Relaxes Rules for Family Investment Funds in GIFT City

Fund structures are gaining popularity among wealthy individuals in India as optimum structures to help with wealth planning, investments, and tax management. Family offices are viewing GIFT City, India’s first international financial services centre (“IFSC”), for the purpose of facilitating global investments in a structured manner. 

The IFSC funds regime envisages a ‘Family Investment Fund’ (“FIF”) as a self-managed fund set up in the IFSC for pooling money from a ‘single family’. FIFs can be set … Read the rest

Supreme Court

Justices to consider obligation of retirement-plan sponsors to pare investment options

Justices to consider obligation of retirement-plan sponsors to pare investment options

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Monday’s argument in Hughes v. Northwestern University will give the justices yet another opportunity to explain the fiduciary obligation of the sponsors that control the defined-contribution plans on which so many of us depend for our retirement.

This case comes to the justices under ERISA, the Employee Retirement Income Security Act of 1973. Responding to a shocking pattern of self-dealing and mismanagement in employee pension plans, the statute federalized a great deal of the law governing those plans. As … Read the rest