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  • Article

    Schrems II: The CJEU Declares EU-U.S. Privacy Shield Invalid, Upholds The SCCs And Calls On 27 Supervisory Authorities To Ensure Their Compliance

    In a highly-anticipated landmark judgment handed down on July 16, 2020, the Court of Justice of the European Union (the "CJEU")
    European UnionPrivacy
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    Recent New York Decision Highlights Challenges Plaintiffs Will Face In Proving Loss Causation For Securities Fraud Cases Brought Following A Crisis

    The economic disruptions caused by COVID-19 are causing many to question whether a new wave of investment losses are on the horizon and whether a corresponding wave of investor-led litigation...
    United StatesLitigation, Mediation & Arbitration
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    European Private Equity M&A: July Market Snapshot

    Private equity investment slowed sharply in the second quarter, as lockdowns took full hold and economic conditions worsened. Globally,...
    European UnionCorporate/Commercial Law
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    Glass Lewis Updates Its 2020 Proxy Voting Guidelines

    Glass Lewis recently released its 2020 proxy voting guidelines and shareholder initiatives. The following is a summary of Glass Lewis' proposed changes and updates for 2020.
    United StatesCorporate/Commercial Law
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    In Its Highly Anticipated Guidance On Proxy Advisory Firms, The SEC Proceeds With Caution

    On August 21, the Securities and Exchange Commission adopted (1) guidance on the proxy voting responsibilities of investment advisers under the Investment Advisers Act and related rules and (2)
    United StatesCorporate/Commercial Law
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    High Court Of England: U.S. Secondary Sanctions Can Trigger Illegality Clauses

    U.S. authorities take an expansive view of their jurisdiction when it comes to sanctions. They cannot, however, directly restrict persons outside U.S. jurisdiction from dealing with sanctioned persons
    United StatesInternational Law
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    Decision In Marotto v. Kellogg Co. (S.D.N.Y.)

    The court also looked askance at the source of Marotto's knowledge about Pringles.
    United StatesLitigation, Mediation & Arbitration
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    Denial Of Certiorari In DISH Network L.L.C. v. Krakauer

    Whether the placement of a phone call in violation of the TCPA is, without further allegation or showing of injury, sufficient to show an Article III concrete injury under Spokeo, Inc. v. Robins.
    United StatesLitigation, Mediation & Arbitration
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    The Seventh Circuit Holds That Lack Of Disclosure And Informed Consent Under Biometric Information Privacy Act Satisfies Article III Standing Requirement

    On May 5, 2020, the Seventh Circuit Court of Appeals held that a plaintiff has standing to assert a claim under the Illinois Biometric Information Privacy Act (BIPA) even without alleging any economic loss or data breach.
    United StatesPrivacy
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    AML Regulators Clarify Diligence Requirements For Politically Exposed Persons

    On August 21, the Financial Crimes Enforcement Network (FinCEN), together with the federal banking agencies[1] (the Agencies)
    United StatesGovernment, Public Sector
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    Coronavirus: nuove norme per tenere le assemblee annuali di bilancio

    All'articolo 106 del decreto legge n. 18 del 17 marzo 2020 (il "decreto") il Governo ha introdotto delle misure temporanee al fine di consentire alle società...
    ItalyCorporate/Commercial Law
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    Glass Lewis Expands Report Feedback Statement Service

    On April 2, 2020, Glass Lewis announced the global expansion of its Report Feedback Statement ("RFS") service.1 This service operates separately from the process for companies reporting...
    United StatesCorporate/Commercial Law
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    SEC's OCIE Affiliate Transaction Risk Alert Highlights Pitfalls In Obtaining Effective Consent

    On September 4, 2019, the SEC's Office of Compliance Inspections and Examinations ("OCIE") issued a Risk Alert addressing the most common compliance issues it identified in examinations of ...
    United StatesCorporate/Commercial Law
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    The SEC Takes Action On Proxy Advisory Firms

    For more than a decade, the SEC has been wrestling with whether and how to regulate the activities of the proxy advisory firms...
    United StatesCorporate/Commercial Law
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    Who Are Your Section 162(m) "Covered Employees" After Mergers, Acquisitions And Other Transactions?

    Section 162(m) of the Internal Revenue Code (the "Code") limits the deductibility of compensation paid by public companies to certain of their executives in any year to $1 million.
    United StatesCorporate/Commercial Law
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    Dealing With An Investigation: Data Collection And Management

    Depending on the matter, data collection and management can be among the most daunting and logistically difficult tasks.
    United StatesPrivacy
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    Modular Space Corporation Files For Chapter 11 Bankruptcy Protection

    Modular Space makes, leases and sells office trailers, mobile offices, temporary classrooms, modular office complexes and portable storage units.
    United StatesInsolvency/Bankruptcy/Re-Structuring
    Pierson Ferdinand LLP
    Pierson Ferdinand LLP
  • Article

    EU Publishes Non-Binding Guidance On Internal Compliance Programmes For Dual-Use Trade Controls

    On August 5, 2019, the European Commission ("Commission") published its official Guidance on Internal Compliance Programmes ("Guidance").
    European UnionInternational Law
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    Coronavirus: considerazioni e impatti sulla disclosure degli emittenti.

    With reference to disclosure obligations, several financial authorities have issued certain guidelines concerning the disclosure of coronavirus-related information.
    ItalyCorporate/Commercial Law
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    Directors' Duties: Private Equity Responsibilities To Portfolio Companies

    The coronavirus outbreak and ensuing lockdown measures are presenting significant and wide-ranging challenges for companies.
    United KingdomCoronavirus (COVID-19)
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP

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