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  • Article

    Auditing And Accounting: What's New In 2020

    Last year at this time, companies and boards were wrestling with the impact of the new revenue recognition standard and the new lease accounting standard.
    United StatesAccounting and Audit
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    The CARES Act And Mitigating False Claims Act Risk

    The financial assistance available to impacted companies comes in various forms, including loans, loan guarantees...
    United StatesCoronavirus (COVID-19)
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    SDNY District Court Rules Foreign Sovereigns Are Not Immune From Criminal Jurisdiction In U.S. Court

    On October 1, 2020, the SDNY District Court issued an important ruling in U.S. v. Halkbank, holding that foreign state-owned entities ("SOEs") can be subject to criminal jurisdiction
    United StatesCriminal Law
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    Decision In Faber v. Ciox Health, LLC (Sixth Circuit)

    Defective notice, the Sixth Circuit stated, does not satisfy due process any more than the failure to give notice at all.
    United StatesLitigation, Mediation & Arbitration
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    ISS Updates Its 2020 Proxy Voting Policies

    A week after Glass Lewis issued its 2020 proxy voting guidelines,Institutional Shareholder Services (ISS) released its final updates to its 2020 proxy voting policies.
    United StatesCorporate/Commercial Law
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    Rescue Financing And Private Equity

    Almost no part of the business world has escaped the impact of the COVID-19 pandemic. The lockdowns that sought to control the spread of the virus had the side effect of sucking demand out...
    United KingdomFinance and Banking
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    Nuove Disposizioni Per Le Societá Italiane Quotate In Materia Di Aumenti Di Capitale A Seguito Dell'epidemia COVID-19

    Con il decreto legge (n. 76) pubblicato il 16 luglio 2020 (il "Decreto Semplificazioni"), il Governo ha adottato nuove disposizioni, applicabili principalmente alle società italiane quotate...
    United StatesCorporate/Commercial Law
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    Our Analysis Of The Ninth Circuit Panel Decision Reversing FTC v. Qualcomm

    The recent Ninth Circuit panel decision reversing the district court's judgment in FTC v. Qualcomm, Inc., has important implications for the role of antitrust in standard essential patent (SEP)
    United StatesAntitrust/Competition Law
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    President Trump Announces Limited Roll-Back Of Obama-Era Cuba Sanctions Relief

    The Presidential Directive lays out the framework for rolling back certain Obama-era regulations that eased travel and trade restrictions between the United States and Cuba.
    United StatesGovernment, Public Sector
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    Shareholder Rights Directive II: The Belgian Perspective

    On April 16, 2020, Belgium adopted the law transposing the Shareholder Rights Directive II ("SRD II Law"), almost one year after the ultimate transposition deadline of the directive.
    BelgiumCorporate/Commercial Law
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    European Private Equity M&A: October Market Snapshot

    Private equity activity has continued to rebound from first-half lows, with new deals and restarted processes gearing up throughout the summer season.
    European UnionCorporate/Commercial Law
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    French Regulator Fines Futura Internationale €500,000 For Infringements Of The GDPR In Connection With Telephone Advertising Campaigns

    On November 21, 2019, the French data protection authority (the "Commission Nationale de l'Informatique et des Libertés" or "CNIL") imposed a €500,000 fine on Futura Internationale, a ...
    European UnionPrivacy
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    The Italian Parliament Extends Emergency Measures To Arbitration

    On 24 April 2020, with Law No. 27 (the "Conversion Law") the Italian Parliament converted into law the Law Decree No. 18 of 17 March 2020 ("Cura Italia Decree") adopted by the Italian Government
    ItalyLitigation, Mediation & Arbitration
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    Q2 Reporting: How Should A U.S. Public Company Quantify The Impact Of COVID-19?

    U.S. public companies are thinking about how to quantify the effects of COVID-19 in their second-quarter public disclosures.
    United StatesCoronavirus (COVID-19)
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    Recent Decision Confirms Directors' Right To Access Privileged Communications Between Management And Company Counsel

    A recent decision of the Delaware Court of Chancery in the ongoing WeWork/SoftBank litigation addressed a previously unresolved question...
    United StatesCorporate/Commercial Law
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    SEC Issues Time-Limited Relief From Sbs Reporting Requirements

    On December 18, 2019, the Securities and Exchange Commission ("SEC"), as part of supplemental guidance and rule amendments addressing the cross-border application of certain rules regulating security-based swaps
    United StatesCorporate/Commercial Law
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    Decision In Yashtinsky v. Walmart, Inc. (W.D. Ark.)

    Whether plaintiff had alleged a sufficiently "concrete" injury for standing under Article III.
    United StatesLitigation, Mediation & Arbitration
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    Consequences Of The Disease – Start Worrying Again About German Insolvency Filing Requirements

    In response to the financial difficulties many companies were facing due to the lockdown earlier this year in the wake of the COVID-19 pandemic...
    GermanyInsolvency/Bankruptcy/Re-Structuring
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    Five Important Questions For Addressing An Investigative Request

    Global Crisis Management Series: This post is part 11 in a series concerning topics further elaborated on in Cleary Gottlieb's Global Crisis Management Handbook
    United StatesCorporate/Commercial Law
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP
  • Article

    Balancing Concessions To Activists Against Responsiveness To The Broader Shareholder Base: Lessons From A Recent Settlement With An Activist

    Quick settlements with activist hedge funds to recompose boards and adjust strategic plans have resulted in hundreds of new directors and changes to stand-alone plans in the S&P 500 over the last two years.
    United StatesCorporate/Commercial Law
    Cleary Gottlieb Steen & Hamilton LLP
    Cleary Gottlieb Steen & Hamilton LLP

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