After a banner year in 2016 that included a record twenty-seven corporate enforcement actions, the two U.S. enforcement agencies, the DOJ and the SEC, continued this momentum over the course of...

Welcome to the second edition of Shearman & Sterling's Fifth Circuit Securities Litigation Quarterly. As public companies and financial institutions continue to migrate to Texas...

On April 26, the Trump Administration made its much-anticipated release of several "core principles" of its tax plan.

One well-known cost of breaches is post-breach litigation. A growing trend that merits further attention is the rise of shareholder derivative suits filed against boards of directors of companies that suffered data breaches.

Shearman & Sterling today announces its publication in its Brexit Resource Center website of the U.K. post-Brexit versions of several key pieces of EU legislation and updated versions of others.

On April 16, 2020, the North American Securities Administrators Association (NASAA) released a chart detailing each state's regulatory response to the COVID-19 pandemic.

The DECC is inviting comment on the draft OGA Strategy to maximise the economic recovery of petroleum in the UK.

On May 18, 2020, Judge William J. Martini of the United States District Court for the District of New Jersey denied a motion to dismiss a putative class action asserting claims under Section 10(b)

On September 23, 2020, the U.S. Securities and Exchange Commission (SEC) adopted amendments to modernize certain requirements for the submission of shareholder proposals under Exchange Act Rule 14a-8.

On August 26, 2020, the Court of Appeals for the Third Circuit held that the Bankruptcy Code does not require subordination agreements to be strictly enforced...

As previously reported, on July 8, 2015, the IRS issued Notice 2015-47 and Notice 2015-48, which designated "basket option" transactions as listed transactions and "basket contract"...

On June 29, 2020, the United States Supreme Court, in a 5-4 decision authored by Chief Justice Roberts, held that the structure of the Consumer Financial Protection Bureau ("CFPB")

If a debtor becomes subject to bankruptcy proceedings, creditors will, with some exceptions, be automatically stayed from collecting and enforcing against the debtor and any posted collateral.

Last month, in a strong display of bipartisanship in an otherwise tense post-election political climate, Congress passed the Water Infrastructure Improvements for the Nation Act....

The UK Government launched a consultation on 22 October 2015 regarding the UK corporate tax rules for interest deductibility.

Facing the imminent bankruptcy of the federal Highway Trust Fund (the "HTF") and the specter of delays and reductions in payments from the HTF to the States, the US Congress last week passed the Highway and Transportation Funding Act of 2014, which extended federal surface transportation programs and funding through May 2015.

In this newsletter, we provide a snapshot of the principal Asian, US, European and selected international governance and securities law developments of interest to Asian corporates.

On February 3, 2021, Judge Kimba M. Wood of the Southern District of New York granted a motion to dismiss claims under Section 10(b)

In a proposed class prohibited transaction exemption published on June 29, 2020 (the "proposed exemption"), the Department of Labor (DOL) stated that advising employee benefit plan ...