ArticleAuditing And Accounting: What's New In 2020Last 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 AuditCleary Gottlieb Steen & Hamilton LLP
ArticleThe CARES Act And Mitigating False Claims Act RiskThe financial assistance available to impacted companies comes in various forms, including loans, loan guarantees...United StatesCoronavirus (COVID-19)Cleary Gottlieb Steen & Hamilton LLP
ArticleSDNY District Court Rules Foreign Sovereigns Are Not Immune From Criminal Jurisdiction In U.S. CourtOn 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 LawCleary Gottlieb Steen & Hamilton LLP
ArticleDecision 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 & ArbitrationCleary Gottlieb Steen & Hamilton LLP
ArticleISS Updates Its 2020 Proxy Voting PoliciesA 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 LawCleary Gottlieb Steen & Hamilton LLP
ArticleRescue Financing And Private EquityAlmost 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 BankingCleary Gottlieb Steen & Hamilton LLP
ArticleNuove Disposizioni Per Le Societá Italiane Quotate In Materia Di Aumenti Di Capitale A Seguito Dell'epidemia COVID-19Con 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 LawCleary Gottlieb Steen & Hamilton LLP
ArticleOur Analysis Of The Ninth Circuit Panel Decision Reversing FTC v. QualcommThe 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 LawCleary Gottlieb Steen & Hamilton LLP
ArticlePresident Trump Announces Limited Roll-Back Of Obama-Era Cuba Sanctions ReliefThe 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 SectorCleary Gottlieb Steen & Hamilton LLP
ArticleShareholder Rights Directive II: The Belgian PerspectiveOn 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 LawCleary Gottlieb Steen & Hamilton LLP
ArticleEuropean Private Equity M&A: October Market SnapshotPrivate 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 LawCleary Gottlieb Steen & Hamilton LLP
ArticleFrench Regulator Fines Futura Internationale €500,000 For Infringements Of The GDPR In Connection With Telephone Advertising CampaignsOn 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 UnionPrivacyCleary Gottlieb Steen & Hamilton LLP
ArticleThe Italian Parliament Extends Emergency Measures To ArbitrationOn 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 & ArbitrationCleary Gottlieb Steen & Hamilton LLP
ArticleQ2 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
ArticleRecent Decision Confirms Directors' Right To Access Privileged Communications Between Management And Company CounselA recent decision of the Delaware Court of Chancery in the ongoing WeWork/SoftBank litigation addressed a previously unresolved question...United StatesCorporate/Commercial LawCleary Gottlieb Steen & Hamilton LLP
ArticleSEC Issues Time-Limited Relief From Sbs Reporting RequirementsOn 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 LawCleary Gottlieb Steen & Hamilton LLP
ArticleDecision In Yashtinsky v. Walmart, Inc. (W.D. Ark.)Whether plaintiff had alleged a sufficiently "concrete" injury for standing under Article III.United StatesLitigation, Mediation & ArbitrationCleary Gottlieb Steen & Hamilton LLP
ArticleConsequences Of The Disease – Start Worrying Again About German Insolvency Filing RequirementsIn 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-StructuringCleary Gottlieb Steen & Hamilton LLP
ArticleFive Important Questions For Addressing An Investigative RequestGlobal Crisis Management Series: This post is part 11 in a series concerning topics further elaborated on in Cleary Gottlieb's Global Crisis Management HandbookUnited StatesCorporate/Commercial LawCleary Gottlieb Steen & Hamilton LLP
ArticleBalancing Concessions To Activists Against Responsiveness To The Broader Shareholder Base: Lessons From A Recent Settlement With An ActivistQuick 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 LawCleary Gottlieb Steen & Hamilton LLP