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On July 14, 2008, the US Department of Labor (the DOL) published a series of frequently asked questions (the FAQs) that favorably limit the scope of the DOL’s November 2007 final regulation regarding the annual reporting obligations of ERISA investors in private investment funds. The 2007 regulation was generally scheduled to become effective on January 1, 2009 and, among other things, would have significantly increased the amount of disclosure that ERISA investors must provide to the DOL and I

On November 20, 2008, the Federal Energy Regulatory Commission (FERC) issued two important orders relevant to investment companies, advisers, and other entities that engage in the acquisition of securities in electric utilities and electric utility holding companies.

Treasury Secretary Geithner has announced the broad outlines of the Administration’s plan to stabilize and ensure the recovery of the financial services industry, using the second half of the $700 billion authorized by the Emergency Economic Stabilization Act of 2008 (“EESA”) as well as an unspecified additional amount of funds.

The U.S. Court of Appeals for the Third Circuit has shed some light, and perhaps created more confusion, on a topic that has garnered a lot of attention lately—claims for "deepening insolvency."

On March 16, 2012, the Finance Minister of India presented the Finance Bill 2012.

A number of investment-related rules were recently announced or are imminent.

The OCC issued an interpretive letter ("Letter 996") permitting a national bank to invest in a single class of a series of preferred interests in a Delaware LLC, which funds would be used to establish a separate account to invest in bank-permissible activities, even though other separate accounts created for other investors may invest in bank impermissible activities.

On June 13, 2007, the Internal Revenue Service (IRS) issued Notice 2007-55 to alert taxpayers that it intends to (i) challenge claims that capital gain dividends paid to foreign government investors by qualified investment entities (QIEs), where such dividends are attributable to gain on the sale of US real property interests (USRPIs), are not subject to US federal income tax and (ii) issue regulations to clarify the rules concerning such dividends.

In April 2005, the New York Stock Exchange (NYSE) impaneled a special committee, composed of representatives from issuers, brokers, the legal community and institutional and individual investors, to review the NYSE rules regulating the proxy voting process, and, in particular, to review and make recommendations with respect to the NYSE’s proxy rules (Rules 450-460 and Rule 465).

On Monday, October 20, 2008, U.S. Treasury Secretary Paulson convened a press conference at which he explained the process for banks to apply for funding under the Capital Purchase Program (the “Program”).

A recent survey found that 87% of supply chain professionals plan to invest in resilience in the near future, which is no surprise given the amount of global events which have shocked supply chains recently.

Many companies have embarked on digital transformations but how many have been successful?

A New York trial court has ruled that a lender cannot be held liable for fraudulent misrepresentation and failure to disclose information where plaintiff-investors failed to meet their own duty of conducting due diligence prior to investing in a company.

The year 2004 continues to unfold as a truly watershed year for the European Union. In governance, competition policy and trade there have been significant, - indeed, some would say revolutionary - developments that will affect the business and regulatory climate for years to come, particularly for U.S. companies doing business in Europe.

On December 23, 2009, the US Treasury Department published Revenue Procedure 2010-12 (the "Revenue Procedure"), extending to 2011 a safe harbor for certain stock distributions by publicly-traded real estate investment trusts (REITs) and regulated investment companies (RICs).

A recent decision by the United States Tax Court gives rise to a favorable planning opportunity for financial institutions and their affiliates that own tax-exempt bonds.