May 2017 Issue Month: MayYear: 2017 Back to Print Editions Legally speakingNatasha Kaye, partner at Cooley, discusses an aspect of the implementation of BEPSDigital citizensCybersecurity is more than just a compliance issue; it’s a question of responsible investmentA bit of opacity on the sideTransparency in the private equity industry has improved exponentially, but side letters are muddying the watersIt’s not easy being greenAs LPs in the world’s largest private fund market start to embrace ESG, it’s getting tougher to get away with being ‘all talk and no action’Growing in sizeChanges to the distribution waterfall, more flexibility on investment terms and greater clarity around each condition has made LPAs largerThe right choiceThirty years after the buzz of venture capital lured Simon Witney into the private funds legal world it remains an attractive and energizing sector, he tells Rebecca AkrofieFull disclosureThe SEC requires external CCOs to be named on Form ADV from October. Is now the time to review your relationship with your third-party compliance team? Claire Wilson reports.Five takeaways from SEC enforcement actionsThe regulator has highlighted the weak links in GP compliance. Rebecca Akrofie looks at what the industry can learn from its recent cases.Handing over the crownSuccession planning is more than naming an heir apparent; firms need a framework to convince LPs their money is safe and staff that their efforts are worthwhile. Rob Kotecki reports.Bones of contentionNegotiating a Limited Partnership Agreement can be a fraught process, particularly when it comes to the issue of where litigation should be heard, writes Claire Coe Smith.