05/11/2020
Hidden defaults set to soar as recession squeezes companies
Rating firms predict that more companies will pursue distressed debt exchanges
Legal, Regulation & Compliance
05/11/2020
Incitec in big raising to cut debt
With net debt of almost A$1.9 billion, and global economic uncertainties high, explosives and fertiliser concern Incitec Pivot has decided to take pre-emptive action to strengthen its balance sheet and raise up to $675 million.
05/10/2020
Bringing the workforce back: Guidance from the EEOC regarding high-risk employees
This guidance, however, was quickly retracted by the EEOC when it believed its guidance was being misinterpreted as allowing employers to act against an employee simply because they have one of the conditions listed by the CDC.
05/08/2020
One Of The Top 40 Largest Law Firms In The Country Is Cutting Associate Salaries
There's a little twist of the knife on these salary cuts.
05/08/2020
How employers can continue to protect confidential information and trade secrets with a remote workforce
Such steps will continue to serve businesses well even after the worst of COVID-19 has passed.
05/06/2020
Filing Fees Now Required for Certain CFIUS Filings
Filing fees are required when filing a formal notice, i.e., when deal parties either file a formal notice for a transaction subject to mandatory filing requirements
05/05/2020
Gold is well-positioned as a hedge against inflation risk from expansionary fiscal and monetary policies
This goes against gold’s embedded characteristics, but we think that the unique circumstances at the time of that selloff are likely in the rear view.
05/05/2020
Litigating Lending Agreements During and in the Aftermath of a Pandemic
As the effects of COVID-19 continue to weigh down the economy, parties may seek to renegotiate their deal.
05/04/2020
Activist investor hedge fund reportedly financing Eko lawsuit against Quibi over Turnstyle feature
The Wall Street Journal reports Elliott Management would get a stake in Eko
05/04/2020
America’s Largest Banks Sued By Small Businesses Over Stimulus Application Denials
Via America’s Lawyer: RT correspondent Brigida Santos joins Mike Papantonio to outline lawsuits against big banks like Wells Fargo who have been doling out business loans to their wealthier clients rather than smaller businesses who the federal fund
05/03/2020
New House committee on coronavirus may shift investigatory landscape for federal fund recipients
This Committee’s creation suggests that a number of CARES Act fund recipients may be facing their most visible oversight from a congressional inquiry rather than from an agency enforcement proceeding.
05/03/2020
Activist investor hedge fund reportedly financing Eko lawsuit against Quibi over Turnstyle feature
The Wall Street Journal reports Elliott Management would get a stake in Eko
04/30/2020
American Bank Global Powerhouses Focusing on the Domestic Market First
Pressure and opportunity combine to bring large banks home
04/30/2020
LPL to Acquire $1.5B Wealth Management Practice
The deal is structured as an asset purchase agreement that includes both a payment at closing and potential contingent payments.
04/29/2020
COVID-19 Layoffs Can Mean PBGC Reporting Obligations
PBGC monitors workforce reductions, so plan sponsors must be vigilant.
04/28/2020
Art market enforcement during the pandemic
Art market participants who are engaged in pending or projected transactions that are otherwise subject to regulatory oversight but that have been interrupted by the health crisis must take care not to run afoul of these regulations in the absence of any
04/28/2020
Reporting with accuracy in the midst of the coronavirus
Graver consequences indeed would be faced by anyone foolish enough to ingest detergent, surely.
04/27/2020
All Bark, No Bite: How US Bungled Case of ‘Major’ Money Launderer
The investigation into the Waked family’s alleged criminal enterprise started with an anonymous tip 10 years before Nidal was arrested in May 2016 at the international airport in Colombia’s capital, Bogotá.
04/27/2020
Keith Robinson elected as Fellow of the American College of Trust and Estate Counsel
Keith is one of only two Bermuda lawyers who have been elected as international fellows of ACTEC
04/26/2020
SEC transaction halt highlights unique issues for issuers and investors alike
Concerns include companies claiming the ability to prevent or cure COVID-19 which may result in dramatic increases in value.