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ARTICLE · 04 NOVEMBER 2021

What We're Reading This Week [November 2, 2021]

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Hertz is making big news just months after emerging from its successful Chapter 11 bankruptcy. As reported by NBC News, Hertz has signed deals with Tesla

United StatesInsolvency/Bankruptcy/Re-Structuring
Lisa A. Holl Chang
Lisa A. Holl Chang
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Hertz is making big news just months after emerging from its successful Chapter 11 bankruptcy. As reported by NBC News, Hertz has signed deals with Tesla (to add at least 100,000 Teslas to its fleet), Uber (to make up to half of those Teslas available to Uber drivers), and with Carvana (to sell its used vehicles to the used vehicle retailer for resale). Hertz had shed much of its rental car fleet during its bankruptcy and the pandemic-caused travel downtown, giving it the opportunity to rebuild its fleet with environmentally friendly alternatives.

A report on stablecoin from the President's Working Group on Financial Markets was released on Monday, as covered by Reuters. The report recommends that Congress "urgently" pass a law to regulate stablecoin issuers. However, federal agencies such as the SEC and CFTC may be able to police certain aspects of stablecoin activity absent legislation. We've previously covered the risks that stablecoins posed to the financial

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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