• FINRA Proposes Broad Range of Amendments to Corporate Financing Rule

    27 Apr 2017
    On April 12, 2017, the US Financial Industry Regulatory Authority, Inc. (“FINRA”) published proposed amendments to FINRA Rule 5110, which regulates the terms and arrangements of securities underwriting conducted by FINRA member broker-dealers.[1] If adopted, the amendment would impact a number of aspects of the Corporate Financing Rule, including to the following areas: (i) filing requirements, (ii) filing exemptions, (iii) disclosure requirements, (iv) underwriting compensation, (v) lock-up restrictions, (vi) valuation of securities, (vii) prohibited terms and arrangements and (viii) defined terms.
  • Bjerke Writes Chapter on ‘Securitisation in Light of the New Regulatory Landscape’

    27 Apr 2017

    Partner Bjorn Bjerke  (New York-Finance) has authored a chapter in The International Comparative Legal Guide to: Securitisation 2017 titled “Securitisation in Light of the New Regulatory Landscape.

  • Video Series: Serrato on Connected Cars and Data Privacy

    24 Apr 2017

    Counsel Jeewon Serrato takes a 360o look at the data privacy implications of connected cars. In the four videos below, she examines how the Federal Automated Vehicles Policy provides a framework for thinking about data privacy in connected cars; the challenges of regulation and jurisdiction in a global privacy context; insurance and liability concerns and how self-driving cars will change the transportation landscape.

  • Governance & Securities Law Focus: Europe Edition, April 2017

    24 Apr 2017

    In this newsletter, we provide a snapshot of the principal European, US and selected international governance and securities law developments of interest to European corporates.

  • M&A Watch: Court Questions Accelerated Vesting of Equity Compensation

    17 Apr 2017
    As we have previously reported, the Delaware Chancery Court recently dismissed the stockholder class action suit In re Columbia Pipeline Group, Inc. Stockholder Litigation, C.A. No. 12152-VCL (Del. Ch. Mar. 7, 2017), reaffirming that a fully-informed vote of a company’s disinterested stockholders will result in application of the business judgment rule.
  • DOL Finalizes 60-Day Delay of ‘Fiduciary Rule’

    12 Apr 2017

    On April 4, 2017, the Department of Labor issued a final rule delaying the applicability date of its “fiduciary rule” and related exemptions to June 9, 2017. The delay also provides that (1) reliance on the Best Interest Contract Exemption and the Principal Transaction Exemption will only require adhering to the Impartial Conduct Standards during the transition period of June 9 through January 1, 2018 and (2) advisors can continue to rely on PTE 84-24 until January 1, 2018, subject to adhering to the Impartial Conduct Standards beginning June 9th.

  • Italy: Antitrust Infringements as a Ground for Exclusion From Participation in Public Procurement Procedures

    12 Apr 2017
    On 19 April 2016, legislative decree n. 50/2016 containing the new Italian Public Procurement Code (PPC) entered into force. The PPC aims to implement, among others, Directive 2014/24/EU which sets out, at Article 57, a number of mandatory and discretionary grounds for excluding an economic operator from public procurement procedures. The discretionary grounds also include anticompetitive conduct.
  • Territorial Restrictions in Gas Supply Contracts in Japan – Antitrust Implications and Experience from the European Union

    11 Apr 2017
    Japan, the world’s biggest buyer of liquefied natural gas (“LNG”), is currently investigating the potential anticompetitive effects of territorial restrictions in LNG supply contracts. 
  • Berkowitz and Colsher Co-Author Article on Impact of Eliminating Agency Deference

    11 Apr 2017

    Partner Matthew Berkowitz (Menlo Park/New York-Litigation) and associate Patrick Colsher (New York-Litigation) co-wrote an article for Law360, titled “How Eliminating Agency Deference Might Affect PTAB and ITC,” that was published on April 10.

  • US Supreme Court to Consider Registrant’s Liability for Non-Disclosure Under Item 303 of Regulation S-K

    31 Mar 2017

    On March 27, 2017, the United States Supreme Court granted a petition for a writ of certiorari to resolve a circuit split on whether corporate issuers’ disclosure obligation under Item 303 of SEC Regulation S-K can be an independent source of liability under Section 10(b) of the Securities Exchange Act of 1934.  Leidos, Inc. v. Ind. Pub. Ret. Sys., No. 16-581. 

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