The 2021 Fall National Meeting of the National Association of Insurance Commissioners (the "Fall National Meeting") was held from December 11-16 in a hybrid format...

On February 9, 2022, California Governor Gavin Newsom signed into law Senate Bill 113 (the "Bill"). The Bill introduced much-needed revisions and clarifications to the pass-through entity elective tax ("PTET") enacted in 2021.

he SEC's focus on proxy voting and shareholder governance rights continued throughout the fall with two other rule makings.

The U.S. Department of Labor (the "DOL") issued its first guidance regarding cryptocurrency investments by ERISA plans on March 10, 2022. The guidance – a Compliance Assistance Release regarding "401(k)...

In a recent enforcement action, the Securities and Exchange Commission (the "SEC") again demonstrated its continuing focus on private equity conflicts of interest and disclosure.

In an action that continues the Biden administration's focus on human rights and democracy building, the U.S. Department of the Treasury's Office of Foreign Assets Control ("OFAC")...

As the world continues to deal with the COVID-19 pandemic, several challenges have become more visible globally, along with major opportunities for a transformative and sustainable economic recovery in the long term.

This client alert was updated on April 11, 2022 to include a description of additional actions announced by the Biden administration in response to Russia's ongoing invasion of Ukraine.

This is the largest penalty ever levied by the U.S. government for sanctions violations by a non-financial institution and the largest penalty ever levied for an export control case.

On February 9, 2022, the Securities and Exchange Commission ("SEC") voted 3 to 1 to propose five new rules (the "Proposed Rules") under the Investment Advisers Act of 1940 (the "Advisers Act")...

Fundraising in private equity in recent years was shaped by myriad forces, including ESG considerations. In this Q&A with Claudia Arango, we explore private equity fundraising trends in Latin America after 2020.

The Securities and Exchange Commission recently approved Nasdaq's proposed rules regarding board diversity. Nasdaq's rules, initially proposed in December 2020, take a "comply or explain" approach...

HMRC, the UK tax authority, has this week published their eagerly awaited guidance (available here) on the UK's new qualifying asset holding company ("QAHC") regime.

In the last 20 years, each presidential administration in the United States has increasingly turned to economic sanctions to respond to a wide range of U.S. national security and foreign policy issues.

The United States and its allies have responded to Russia's invasion of Ukraine by imposing severe and unprecedented sanctions that isolate Russian-based financial institutions...

On 22 September 2021, the EU's General Court handed down its judgment dismissing a challenge brought by Altice EuropeNV (Altice) against a "gun-jumping" fine imposed on it by the European Commission (the Commission).

Representation and warranty insurance ("RWI") has become a "must have" for many US and European private equity sponsors looking for a remedy solution where there is no or limited post-closing recourse to sellers.

Last week, the Federal Trade Commission ("FTC") amended its Gramm-Leach-Bliley Act ("GLBA") Safeguards Rule (or "Rule") to, among other things, modify the scope of companies...

After the "Dutch scheme"1 and the "German scheme"2 entered into force at the beginning of 2021, France has now published its much-anticipated transposition of the European directive of 20 June 2019...

For many people - even senior executives of large corporations - appearing as a witness, giving evidence and being cross-examined is a daunting prospect.