ArticleESG Weekly Update – October 18, 2022The World Bank is launching the Scaling Climate Action by Lowering Emissions fund, a new hub for all results-based climate financing programs it administers.GlobalFinance and BankingDebevoise & Plimpton
ArticleShanghai-London Stock Connect Sees Its Second IPOChina Pacific Insurance is set to become the second Chinese company to list GDRs on the London Stock Exchange under the Shanghai-London GlobalFinance and BankingDebevoise & Plimpton
ArticleImpact Of Russia's War On Ukraine: U.S., UK And EU Sanctions And Export ControlsIn response to Russia's invasion of Ukraine, the United States, the United Kingdom ("UK") and the European Union ("EU") have imposed various sanctions and export controls.GlobalInternational LawDebevoise & Plimpton
ArticleSecurities And Futures Commission Proposes Amendments To The Securities And Futures Ordinance To Strengthen EnforcementOn 10 June 2022, the Securities and Futures Commission (the "SFC") launched a two-month consultation ("Consultation") on proposed enforcement-related amendments to the...Hong KongCorporate/Commercial LawDebevoise & Plimpton
ArticleCredit Markets In Uncertain Times: Hope For The Best, But Prepare For The WorstCurrent events, including inflation, tightening monetary policy, rapidly shifting geopolitical conditions and an aging credit cycle, are coalescing to increase transactional risk in credit markets.United StatesCorporate/Commercial LawDebevoise & Plimpton
ArticleHigh Court Holds Shareholders Suffered Unfair Prejudice After Exclusion From Company's Sole ProjectIn the case of Dodson and others v Shield and others [2022] EWHC 1751 (Ch), the High Court recently concluded that shareholders of a company had suffered unfair prejudice when they were excluded from a project that was the reason for the company's existence.United StatesCorporate/Commercial LawDebevoise & Plimpton
ArticleRevised Rules For NYC's AI Hiring Law And A Second Public HearingTo 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...United StatesEmployment and HRDebevoise & Plimpton
ArticleU.S. Supreme Court Strikes Down EPA Climate Rule: Implications For Energy Regulation And Climate DisclosureOn June 30, 2022, the U.S. Supreme Court, in West Virginia v. EPA, issued a significant decision regarding regulation to combat climate change. In particular, the Court limited...United StatesEnvironmentDebevoise & Plimpton
ArticleInnovative Rated Note Structures Spur Insurance Investments In Private EquityAs insurance companies look for opportunities to invest in a diversified portfolio of funds, and funds look for ways to access additional capital, there is increasing demand for innovative rated note structures.United StatesFinance and BankingDebevoise & Plimpton
ArticleDecision Permitting Restitution Claims Against Och-Ziff May Signal Increased Litigation Risk For Companies Settling FCPA ActionsIn an order dated August 29, 2019, and unsealed earlier this month, Judge Nicholas Garaufis of the U.S. District Court for the Eastern District of New York issued a significant ruling on the...United StatesCorporate/Commercial LawDebevoise & Plimpton
ArticleThe Digital Markets Act—A New Era For "Big Tech"?The European Union (EU) reached a major milestone in July as part of its ongoing effort to transform the regulation of digital services in the bloc. The EU Digital Markets Act (DMA)...United StatesAntitrust/Competition LawDebevoise & Plimpton
ArticleHigh Court Makes The Disclosure Pilot Scheme Permanent For The Business And Property CourtsThe Chancellor of the High Court, Sir Julian Flaux, and Master of the Rolls, Sir Geoffrey Vos, have announced the approval of a new Practice Direction for disclosure in the ...European UnionLitigation, Mediation & ArbitrationDebevoise & Plimpton
ArticleSEC Reminds Public Company Executives That Clawbacks Are A PriorityThe Securities and Exchange Commission (the "SEC") reopened the comment period for the proposed clawback rules initially proposed in July 2015, signaling that final rules will follow the end of this...United StatesCorporate/Commercial LawDebevoise & Plimpton
ArticleThe DOL Issues Its Final Word On ESG And Proxy Voting (For Now)On November 22, 2022, the U.S. Department of Labor (the "DOL") made available final regulations revising and rescinding portions of the Trump-era rules addressing a fiduciary's...United StatesEmployment and HRDebevoise & Plimpton
ArticleECT Arbitration Update: Warning, Restrictions AheadThe recently announced agreement in principle to amend the ECT would further narrow ECT protection.European UnionLitigation, Mediation & ArbitrationDebevoise & Plimpton
ArticleESG Weekly Update – August 31, 2022Starting on October 1, 2022, the United Kingdom's Occupational Pension Schemes regulations for 2022 (the "2022 Regulations") will come into force, creating new requirements...GlobalEnvironmentDebevoise & Plimpton
ArticleIndemnity Costs – When Does A Party Become Liable?The judgment following a consequentials hearing in the case of Mr. Pisante and ors v Mr. Logothetis and ors was handed down by Mr. Justice Baker on 13 October 2022...United KingdomLitigation, Mediation & ArbitrationDebevoise & Plimpton
ArticleFrequently Asked Questions: Universal Proxy And Contested Director ElectionsWith the 2023 proxy season approaching, all public companies should factor into their planning the new rules adopted by the U.S. Securities and Exchange Commission (the "SEC") requiring ...United StatesCorporate/Commercial LawDebevoise & Plimpton
ArticleHigh Court Orders Exceptional "Model E" Train Of Inquiry DisclosureIn Ras Al Khaimah Investment Authority v Azima [2022] EWHC 1295 (Ch), the High Court ordered that "Model E" ("Train of Inquiry") disclosure be given in the proceedings in relation to ..United StatesLitigation, Mediation & ArbitrationDebevoise & Plimpton
ArticleU.S. Supreme Court Narrows Availability Of Court-Ordered Discovery In Aid Of Proceedings Before Foreign And International TribunalsThe U.S. Supreme Court has finally spoken on the statutory authority of U.S. federal courts to order discovery in aid of proceedings before foreign and international tribunals, ...United StatesLitigation, Mediation & ArbitrationDebevoise & Plimpton