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
Legal, Regulation & Compliance
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.
04/26/2020
SEC’s Suspension of 23 Companies Demonstrates That Whistleblowers Will be the Key to Holding Coronavirus Fraudsters Accountable
This new wave of whistleblowers incentivized by successful reward laws will play a critical role in combatting coronavirus fraudsters.
04/24/2020
Shearman & Sterling offers lawyers huge holidays on 30% pay
But given the sizeable wedge earned by Shearman lawyers, it would seem more surprising if there were no takers for six months off work on 33% pay. They will just need no school fees, a small mortgage and a vast library of box sets.
04/24/2020
After Slashing Partner Compensation, Biglaw Firm Moves To Stage 2 Of COVID-19 Austerity Measures: Attorney Layoffs (And More)
More cuts at this Am Law 200 firm.
04/24/2020
How Project Libra And COVID-19 Drove Digital Dollar Idea In Congress
Facebook became a focal point in the hearing with respect to how much money is made off of individual’s data.
04/24/2020
Proxy Advisors Issue Guidance on Executive Pay and Governance Changes Due to COVID-19
ISS policies related to private placement issuances are unchanged.
04/23/2020
Old and new rules suggest coronavirus initiatives for private foundations
Discussed below are some situations where existing law creates opportunities for foundations fighting COVID-19.
04/23/2020
IRS Issues Relief to Foreigners Stranded in the United States due to Coronavirus
US tax resident status brings with it taxation and reporting of worldwide income, as well as the risk of a potential US tax bill for (otherwise non-US) employer earnings or for foreign, non-US companies controlled by these potential “accidental&
04/23/2020
California Pension Fund Board Slams CIO for Selling Off Hedges ahead of Coronavirus Market Downturn
Board members told the Journal that they had not been aware of the shift in investment strategy
04/23/2020
Kentucky Teachers’ Fund Suspends Requirement for Notary Signatures
A patchwork of states allows remote witnesses, since in-person regulations have been made inconvenient by social distancing measures.
04/23/2020
State Pension 2020: All the changes coming into force next month explained
State Pensions are set to increase by 3.9 per cent - the biggest boost since 2012
04/22/2020
Large Korean bank to pay $35 mln fine for violating anti-money laundering law -NY state
Linda Lacewell, superintendent of New York’s Department of Financial Services, said the settlement resolved charges that IBK violated New York’s Bank Secrecy Act and anti-money laundering laws.
04/22/2020
Facebook Seals Biggest Deal Since WhatsApp With India’s Ambani
Separately, Facebook said the deal would bring together JioMart, an ecommerce venture of Mukesh Ambani and its WhatsApp platform to enable people to connect with businesses.
04/22/2020
No Gain, Lots of Pain
The stock market downturn portends big losses for government pension funds—and billions in new obligations for taxpayers.
04/22/2020
CS sued for price rigging worth billions in corporate bonds, report says
The banks are accused of inflating spreads between the prices where they bought and sold odd-lot bonds
04/21/2020
Fed policy lays the foundation for gold
With COVID-19 infections and their associated lockdowns ravaging demand across sectors of the US economy
04/21/2020
Morningstar to Acquire Sustainalytics
The transaction consideration includes a cash payment at closing of approximately EUR 55 million
04/20/2020
Linda Coberly Recognized on Crain’s 2020 List of The 50 Most Powerful Women in Chicago
She is a director and immediate past chair of the Board of Directors for Heartland Alliance
04/20/2020
How Goldman Sachs’ Compliance Team Saved the Bank From Bribery Charges
The commission’s statement said, “The firm’s compliance personnel took appropriate steps to prevent the firm from participating in the transaction and it is not being charged.”