PropertyGuru Group, Southeast Asia’s property technology company has appointed managing director for the data and software solutions (DSS) business while Validus has named Dinh Van Binh as CEO of Validus in Vietnam.
CounterpointeSRE Strengthens ESG and PACE Platforms With Leadership Appointments
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GREENWICH, Conn., May 27, 2021 /PRNewswire/ CounterpointeSRE is expanding with key appointments, strengthening its expertise in helping CRE investors and corporates upgrade properties and meet sustainability goals. CounterpointeSRE is the most experienced commercial PACE lender in the country, stated managing partner, Eric Alini. We continue to see growth, so we are investing in ourselves with a series of significant hires with deep commercial real estate experience, he continued.
Counterpointe Sustainable Real Estate Leadership Appointments
CounterpointeSRE has recently completed some of the largest commercial property assessed clean energy ( PACE ) transactions in the nation, including $49.5 million for seismic strengthening and energy efficiency in California and $42 million for clean energy and COVID-19 measures in Rhode Island.
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The Employee Benefits Practice is pleased to present the Employee Benefits Developments Newsletter for the month of January 2021.
U.S. Department of Labor Issues Final Prohibited Transaction Exemption Regarding Compensation for Fiduciary Investment Advisers of Retirement Plans and IRAs
Consolidated Appropriations Act, 2021 (CAA): Retirement Plan Relief
DOL Issues Proxy Voting Regulations for Plan Fiduciaries
Retirement Plan Elections/Consents: IRS Extends Temporary Relief From the Physical Presence Requirement for Participant Elections/Consents Witnessed by a Notary Public or Plan Representative
Court Dismisses COBRA Lawsuit
U.S. Department of Labor Issues Final Prohibited Transaction Exemption Regarding Compensation for Fiduciary Investment Advisers of Retirement Plans and IRAs
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DOL Finalizes New Prohibited Transaction Exemption for “Investment Advice”, With Statement That Fiduciary Standard May Apply to IRA Rollover Guidance Wednesday, January 20, 2021
On December 18, 2020, the U.S. Department of Labor (the “DOL”) published in the Federal Register a final prohibited transaction class exemption (the “Exemption”) that allows “investment advice” fiduciaries to provide advice that affects their compensation and to engage in otherwise prohibited “principal transactions.” Importantly, the preamble to the Exemption (the “Preamble”) includes the DOL’s final interpretation of the “five-part test” for purposes of determining when IRA rollover advice constitutes fiduciary “investment advice.”
The Exemption (PTE 2020-02) is set to become effective on February 16, 2021. At this time, it is not yet clear whether the Biden administration will delay or revoke the Exemption.