Überblick
Perspektive
March 21, 2024
On March 6, 2024, almost two years after its originally proposed rules, the Securities and Exchange Commission (SEC) adopted final rules relating to the enhancement and standardization of climate-related disclosures. While the final rules still represent a sweeping overhaul of current disclosure requirements and will substantially expand the reporting obligations for public companies, the SEC scaled back some of the most onerous proposals, eliminating Scope 3 greenhouse gas (GHG) emissions disclosures entirely, scaling back attestation requirements, eliminating the requirement to disclose director expertise, narrowing the financial statement disclosures, and further scaling disclosures benefitting smaller reporting companies, as well as adding materiality qualifiers throughout.
Perspektive
March 18, 2024
In an interview with Hydrogen Economist, Of Counsel Etienne Gelencsér discussed Japanese firms’ interest in Southeast Asia’s hydrogen potential.
Perspektive
March 18, 2024
On March 15, 2024, following weeks of political wrangling, the Corporate Sustainability Due Diligence Directive (CS3D) was endorsed by the EU Council. The make-or-break vote was the last opportunity for the CS3D to be adopted in its current form before the June 2024 European parliamentary elections.
Perspektive
March 18, 2024
Asia Regional Managing Partner and Head of Greater China Lorna Chen, Partner Anil Motwani, Associates Frank Fu and Evelyn Lin authored the article “ESG Regulatory Trend: Visions of a Unitary Regime” for the tenth issue of the HKVCA Journal. The article discusses the latest themes in the ESG regulatory space and their implications for market players seeking to develop their institutional ESG culture and make decisions on long-term compliance plans.
Perspektive
March 15, 2024
Perspektive
March 06, 2024
Partner Edward Taylor (Hong Kong-International Arbitration) contributed to BRG’s M&A Disputes Report 2024, which explores the outlook for dealmakers and deal-related disputes in 2024. Now in its fifth year of research, the Report draws on extensive qualitative interviews with leading dispute and corporate lawyers globally.
Perspektive
March 06, 2024
On February 28, 2024, President Biden issued an Executive Order (EO) entitled, “Preventing Access to Americans’ Bulk Sensitive Personal Data and United States Government-Related Data by Countries of Concern,” outlining a new regulatory regime for transactions involving the large-scale transfer of Americans’ personal data. The EO aims to establish generally applicable rules for engaging in specific categories of data transactions involving personal data of U.S. citizens and certain U.S. Government-related data.
Perspektive
March 01, 2024
Shearman & Sterling finance attorneys have authored the USA Law & Practice chapter in the Chambers Global Practice Guide on Securitisation 2024.
Perspektive
February 29, 2024
Asia Regional Managing Partner and Head of Greater China, Lorna Chen, Partner Anil Motwani, Associates Ji Zhang and Nannan Gao have authored the Hong Kong SAR, China chapter of the Chambers Investment Funds 2024 Global Practice Guide. The chapter provides expert commentary on the legal issues around the Investment Funds sector in Hong Kong, including the industry’s regulatory framework, significant operational requirements, how funds may be marketed and tax considerations.
Perspektive
February 28, 2024
Of the many aims of the EU’s latest revisions to the European Market Infrastructure Regulation[1] (EMIR), the most controversial and intensely debated is mandating clearing at EU CCPs. Since Brexit, the EU has been concerned about the continued use by EU counterparties of U.K. and U.S. CCPs, even though the financial markets are global and nobody “owns” their location or success. The European Commission (the “Commission”) has put forward a political thesis based on the alleged risks of reliance on foreign regulators and a wish for capacity building of clearing in the EU.