In the business world, transparency is not just a buzzword; it’s a pivotal aspect of corporate integrity. The Corporate Transparency Act (“CTA”) marks a significant shift in this realm, ushering in an era where understanding and complying with beneficial ownership reporting becomes crucial for every business entity.
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Earlier this year, the U.S. Securities and Exchange Commission (the “SEC”) adopted several new rules affecting private fund advisers. This article discusses changes applicable to illiquid funds, which are those in which investors may not redeem their interests at will. Most venture capital, private equity and other similar closed-end funds would be considered illiquid funds so long as opportunities to redeem are limited.
Continue readingPAG Law, a boutique international law firm, is pleased to announce its representation of Powermers Smart Industries, Inc. (PSI), a global green-powered technology solutions company, as corporate counsel, in connection with its proposed business combination with OCA Acquisition Corp. (OCAX), a special purpose acquisition company.
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