On October 30, the SEC voted 3-1 to propose amendments to Securities Act Rule 147 and Rule 504 of Regulation D. The proposed rule amendments are intended to modernize and expand the capit...
Following is the Davis Polk visual memorandum analyzing the Federal Reserve’s proposed rule on total loss-absorbing capacity (TLAC) and eligible long-term debt (LTD) requirements for (i...
The New York Stock Exchange has amended its rules regarding the public release of material information, which will become operative on September 28. Most significantly, the amendments to ...
In the ongoing challenge to the SEC’s conflict minerals rule, the D.C. Circuit Court of Appeals, in a 2-1 decision, issued an opinion on August 18 upholding its April 2014 finding that ...
On July 1, the SEC issued a concept release, a forerunner to a potential rulemaking proposal, seeking public comment on whether to expand disclosure requirements about audit committees. T...
U.S. companies with foreign subsidiaries and other affiliates are required to report detailed information to the Bureau of Economic Analysis by May 29 or June 30, depending on the number ...
On March 25, 2015, the SEC adopted amendments to Regulation A, a Securities Act exemption forofferings by nonpublic US and Canadian companies. The final rules (colloquially called “Regu...
Proxy access is back in the news and back on the agenda for many U.S. public companies. Four years after the DC Circuit invalidated the SEC’s proxy-access rule, we are seeing company-by...
In Marblegate Asset Management v. Education Management Corp. (S.D.N.Y. 2014), the Southern District of New York found that a proposed out-of-court debt restructuring to the detriment of n...
A new no-action letter from the SEC staff substantially revises the rules applicable to shortened debt tender offers and expands their utility. The new rules may also portend changes in p...
