Your business drives us.
Results define us.

Katten’s London Restructuring practice has been recognized in the 2027 editions of the Legal 500 United Kingdom guide (as a “Firm to Watch”) and of the Chambers UK guide (with Partner James Davison, practice head, being ranked), in the first publications released since the team’s arrival at the firm in early 2026.

The UK’s new regulatory framework for cryptoassets has moved decisively from policy development to implementation. The Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026 establish a new regulatory perimeter for cryptoasset activities, bringing a range of activities within the UK financial services regulatory framework under the Financial Services and Markets Act 2000 (FSMA). The new regime is due to take effect on 25 October 2027.

In our 2025 LP investment trends advisory, we described a delicate balance of power between LPs and General Partners (GPs), with LPs continuing to focus on fee transparency, liquidity solutions and governance while the largest GPs continued to set the tone. A year on, the dynamic continues to evolve. Exits remain slow, distributions are subdued and fundraising continues to be challenging for many GPs outside of the largest and best-performing managers. LPs remain committed to private equity, but they are increasingly selective about where they commit capital, on what terms and through which structures.

In December 2023, the US Securities and Exchange Commission (SEC) adopted rules requiring covered clearing agencies to maintain written policies and procedures that are reasonably designed to require their direct participants to centrally clear all eligible secondary market transactions in US Treasury securities to which they are a counterparty (the Clearing Mandate). There are three "covered clearing agencies" (each, a CCA) in scope of the Clearing Mandate: the Fixed Income Clearing Corporation, CME Securities Clearing and ICE Clear Credit. The term direct participant refers to each CCA’s clearing members. The deadline for eligible cash market transactions is December 31, 2026.

California has eliminated private rights of action under California’s Invasion of Privacy Act (CIPA) for violations of Section 638.51, known as the statute’s pen register and trap-and-trace section.