Should the British public vote in favour of leaving the European Union, uncertainty about the impact of Brexit would continue as negotiations over the nature of the UK’s future relationship with the EU evolve over a period of years.

In this article, we explain what registration rights are, why they matter, and the key issues on which private equity firms should focus as they structure these arrangements.

The continuing Sun Capital saga took another sharp turn on March 28, 2016, as the District Court in Massachusetts held that two separate, but affiliated, private equity investment funds—each of which held less than a controlling interest in one of its bankrupt portfolio companies—are jointly and severally liable for the unfunded pension liabilities of the portfolio company.

Recent amendments to the Japanese securities laws have added potentially onerous new requirements for non-Japanese fund sponsors marketing their funds in Japan who wish to avoid registration with Japan’s securities regulators.

A new UK classification regime that characterizes carried interest as “good” or “bad,” depending on the weighted average holding period of a fund’s investments, came into force on April 6, 2016.

Click here for a list of (and links to) Debevoise & Plimpton Client Updates published since our last issue, along with recent awards and recognitions.