After a record year for fundraising in 2021 – with at least $733 billion raised by private equity managers, per Private Equity International's Fundraising Report 2021 – the confluence...

From August 9-10, 2022, the National Association of Attorneys General ("NAAG") held its 2022 Presidential Summit to discuss the intersection between consumer...

On September 20, 2022, the SEC announced settled charges and the imposition of a $35 million penalty against a dually registered investment adviser and broker-dealer (the "Firm") for violations of Regulation S-P ("Reg S-P").

Throughout 2022, the healthcare industry grappled with public health crises, economic and financial pressures, and a dynamic regulatory environment. We expect 2023 to continue challenging industry stakeholders.

On June 30, 2022, the California Department of Insurance (the "Department") released Bulletin 2022-5 (the "Bulletin"), which places several limitations on the use of Artificial Intelligence ("AI")...

In our last monthly edition of the Insurance Industry Corporate Governance Newsletter, we focused on corporate separations and how they are being used to alter the landscape in the life insurance and annuity industry.

In this update, we summarize the European Union's ongoing efforts and measures to address the impact of the natural gas crisis as a result of Russia's decision to reduce gas supplies to Europe.

On August 9, 2022, the Financial Conduct Authority (FCA) sent a letter to a number of alternative fund managers outlining an updated supervisory strategy.

On September 30, 2022, the U.S. Treasury Department's Financial Crimes Enforcement Network ("FinCEN") published its long-anticipated final rule (the "Final Rule")...

On November 22, 2022, the U.S. Department of Labor made available final regulations addressing a fiduciary's duties under ERISA that revise and rescind portions of the Trump-era...

This issue of the Debevoise & Plimpton Special Committee Report surveys corporate transactions announced during the period from January through June 2022 that used special committees...

The U.S. Environmental Protection Agency ("EPA") has proposed to designate two per- and polyfluoroalkyl substances ("PFASs") as hazardous substances under the Comprehensive Environmental Response...

On October 31, 2022, Senator Pat Toomey wrote to a group of twelve ESG ratings firms requesting information on methodologies used to calculate ESG ratings, and requiring them to preserve...

Large, sophisticated investors with long-term liabilities tend to have an allocation to private equity and venture capital. It is not hard to understand why:...

On December 14, 2022, the U.S. Securities and Exchange Commission (the "SEC") adopted amendments (the "Amendments") to Rule 10b5-1 under the Securities Exchange Act of 1934,...

PIK notes are high yield debt securities that allow or require interest to be paid "in kind" ("PIK") in the form of additional notes or by increasing outstanding principal, instead of in cash.

On January 5, 2023, the Federal Trade Commission ("FTC") proposed a new rule, which remains subject to public comment and, if finalized, would ban post-employment noncompete agreements...

On June 22, 2022, the U.S. Securities and Exchange Commission (the "SEC" or the "Commission") announced a settled enforcement action against The Brink's Company ("Brinks")...

In the recent case of Andrew Evans v R&V Allgemeine Verischerung AG [2022] EWHC 2436 (QB), the Court has given a timely reminder of the importance of making arrangements...

To help celebrate the new year, we have another proposal on regulating the use of artificial intelligence for hiring to consider. On Friday, December 23, 2022, the New York City...