03/28/2021
US Federal Reserve Announces New Climate Committee and Provides More Guidance on Its Approach to Addressing Climate Change Risks
The FSCC’s focus on financial stability constitutes the second pillar of the FRB’s climate change framework.
Legal, Regulation & Compliance
03/28/2021
Ray Dalio: The government ‘outlawing bitcoin is a good probability’
Bitcoin, the largest cryptocurrency in terms of market value, has “proven itself” as its blockchain hasn’t been hacked and it has a large following.
03/26/2021
SEC ESG Subcommittee panel debates framework for mandatory disclosures
Before the panel convened, each SEC Commissioner highlighted concerns about the existing disclosure framework and calls to revamp the framework to address ESG matters.
03/26/2021
1MDB Case Hits Setback as Judge Rules Against U.S. Justice Department
U.S., Malaysia argue Petrosaudi funds tied to money-laundering
03/26/2021
Legislating LIBOR: New York State Poised to Enact LIBOR Transition Assistance Law to Facilitate “Tough Legacy” Contract Transition
The ARRC acknowledged this important development in a related press release, describing the legislation as “crucial in minimizing legal uncertainty and adverse economic impacts associated with the transition.”
03/24/2021
Partner Sebastian Fain recognized as a 2021 Dealmaker of the Year by The American Lawyer
Summing things up, Sebastian also said, “The joy of being an M&A lawyer is that you are the quarterback for the entire process.”
03/24/2021
Proposed new responsible lending laws pass the House of Representatives
The Committee received 112 submissions.
03/24/2021
Wells Fargo Enters Agreement with Computershare to Sell Wells Fargo Corporate Trust Services
With decades of experience and 2,300 clients across North America in a variety of industries, Computershare brings a long-term commitment to the business
03/24/2021
Citi, BNY Mellon earn top grades for pay gap disclosures
Their reports have generally shown that women make at least 99% what men do when they share the same title.
03/22/2021
Coinbase slapped with $6.5 million fine by CFTC
According to the order, between January 2015 and September 2018, Coinbase recklessly delivered false, misleading, or inaccurate reports concerning transactions in digital assets
03/19/2021
SEC Charges Owner of Real Estate Investment Company with Defrauding Investors
“As alleged in the complaint, Levine repeatedly lied to investors in this close knit community to fraudulently secure millions of dollars in investments,”
03/19/2021
Latham & Watkins Advises Underwriters in the Duckhorn Portfolio, Inc.'s IPO
Latham & Watkins LLP represents the underwriters in the offering with a capital markets team led by New York Partners Marc Jaffe and Ian Schuman
03/19/2021
New York Court Reinstates SIBOR Manipulation Lawsuit
The case is being reinstated to allow Fund Liquidation Holdings LLC to pursue claims against 18 banks on behalf of two defunct funds that initially launched the lawsuit.
03/17/2021
Private client considerations: understanding the impact of carried interest regulations on US family partnerships and family offices
Carried interest arrangements are widely used to reward key investment professionals for positive growth in the value of investments.
03/17/2021
Linklaters advises BC Partners on its investment in Davies
The Linklaters team was led by Partner Ben Rodham with Lauren Bretton
03/17/2021
SEC makes clear an ESG disclosure framework is coming and opens comment period on potential climate change disclosures
Beyond climate issues, Lee also made clear in her statements that, moving forward, the SEC will focus on the broader implications of ESG
03/17/2021
Rumours of Hong Kong’s Death Have Been Greatly Exaggerated
The US went further still with the removal of Hong Kong’s separate status from China under certain provisions of US law.
03/16/2021
With Its Whistleblowing Directive, EU Charts a Different Course From U.S.
European authorities are seeking to set up a minimum standard for whistleblower rules across EU member states, but they don’t favor paying for tips—a key part of an SEC program widely seen as a success
03/16/2021
Global trends in merger control enforcement
This report highlights key trends and developments in 2020 global merger control activity, and looks ahead at what to expect in 2021.
03/16/2021
The world's largest law firm announces combination with elite Bolivian law firm
Dentons' combination with Guevara & Gutierrez would further strengthen Dentons’ position as the only pan-Latin American and the Caribbean law firm and would position Dentons as the only global law firm in Bolivia.