The Dodd-Frank Wall Street Reform and Consumer Protection Act, which becomes law July 21, brings significant changes for managers of hedge funds, private equity funds, and - to a lesser but not insignificant extent - venture capital funds as it mandates investment adviser registration and reporting for many private fund managers.
In an anxiously awaited decision, the U.S. Supreme Court in Bilski v. Kappos (No. 08-964) issued a ruling on June 28, 2010 that preserves at least for now patents on business methods and software.
The Federal Circuit recently issued its closely watched decision in In re Bilski, No. 2007-1130 (Fed. Cir. Oct. 30, 2008) (en banc), regarding the proper test for determining patent eligibility of process claims under 35 U.S.C. 101.