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Zlatomira L. Simeonova

Zlatomira Simeonova is an associate in our Corporate and Securities Practice Group in Washington, DC. Zlatomira advises clients in connection with international and domestic transactional matters, including global corporate reorganizations, securities regulation, cross-border transactions, and corporate governance. Prior to working at Baker McKenzie, Zlatomira represented multinational enterprises in large-scale FCPA investigations related to operations in Russia, Ukraine and Central Asia. She also represented clients in a variety of civil matters, including class action, landlord/tenant, probate, government contract, and consumer protection cases.

In this update, we take high-level review of major issues faced by private fund managers investing across the globe. In August and September, private fund managers with U.S. investors faced the broadest expansion of SEC regulation since Dodd-Frank, while European managers worked through the details of ESG reporting. Enforcement continued to be laser-focused on digital assets (but courts didn’t always agree with them), Finfluencers, custody and marketing, while new employment and privacy requirements raised unique issues for asset managers.

To close out 2022, US states passed a range of rules broadly applicable to all businesses, while global regulators took steps to regulate ESG and crypto-assets comprehensively. While the digital asset industry bore the brunt of enforcement, regulators will give private equity, real estate and hedge fund managers much to think about in 2023.