Edward Black, a special counsel in the Financial Services Practice, was quoted in an article in Opalesque on the EU's Directive on Alternative Investment Fund Managers. Mr. Black says this is an example of a new era—a stark contrast to recent years, which have seen some moves towards lighter regulation. He adds that the requirements will impose standards that will make business more difficult. (“Katten’s lawyers dissect the EC Directive draft and raise questions,” 13 May 2009)