The Week at Ropes & Gray: An Almost $100 Million Arbitration Win; Hamilton Lane Closes a Fund; What to Do About WannaCry; A Look at Health Care Fraud and Abuse Laws; DOL’s Fiduciary Rule Arrives; Women on the Path to Partnership; Hedge Fund Partners at the Top of Their Class
Weekly highlights of what’s happening at Ropes & Gray:
- In one of the largest arbitration awards ever decided in Hong Kong or China, a Ropes & Gray litigation team won an almost $100 million dollar award on behalf of client LoJack Corporation and LoJack Equipment Ireland DAC in an international arbitration before the Hong Kong International Arbitration Center.
- A cross-practice team advised Hamilton Lane in the closing of its Strategic Opportunities Fund 2017. The fund closed with approximately $435 million in commitments, exceeding its initial target of $250 million.
- In the wake of the devastating WannaCry attack, many organizations are looking for ways to guard against a future attack and wondering what might happen if they fail to take adequate steps. In this article, the second part of our WannaCry series, we discuss potential legal ramifications that organizations—especially those in the health care sector—may face if they fail to prepare for a ransomware attack. In the first part of this series, we outlined how boards of directors and senior management should work with their information security and business teams in order to assess organizational preparedness.
- There has been considerable discussion in the health care industry about how fraud and abuse laws, which were designed to prevent arrangements that exploit reimbursement models, may impede value-based arrangements. In this new video, Michael Lampert discusses the application of fraud and abuse laws to value-based models in ways that don’t hamper the development of new arrangements.
- On June 9, the long-anticipated compliance date for the U.S. Department of Labor’s fiduciary rule finally arrived. The fiduciary rule is both broad in scope and highly complex, and each institution should determine how it will approach the rule, based on its own business practices and client base. Different considerations may apply to hedge funds, private equity funds and funds registered under the 1940 Investment Companies Act, so our lawyers highlight some key areas for review in this client alert.
- As women look for guidance on their path to partnership, intellectual property litigation partner Leslie Spencer is featured in a Diversity in the Bar article written by litigation associate Salmah Rizvi that provides insight into how to make the journey more successful and enriching.
- And finally, a well-deserved honor. Ropes & Gray’s hedge funds partners and practice co-leaders Laurel FitzPatrick and Leigh Fraser have been recognized among The Hedge Fund Journal’s 50 Leading Women in Hedge Funds 2017 Report.