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Paul, Weiss, Rifkind, Wharton & Garrison LLP

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FinCEN Issues Sweeping New Requirements on Collection of Beneficial Ownership Information and Customer Due Diligence

USA - May 10 2016 On May 6, 2016, the U.S. Treasury Department's Financial Crimes Enforcement Network ("FinCEN") released a final rule codifying new and existing

Three-O2 Merger Blocked by European Commission

European Union, Hong Kong, United Kingdom - May 13 2016 Officials of Hong Kong's Hutchison Whampoa confirmed that they are considering legal action in the wake of the European Commission's decision

Delaware Supreme Court Upholds Dismissal of Aiding and Abetting Claim against Financial Advisor Where Merger is Approved by Fully Informed, Disinterested Stockholder Vote

USA - May 12 2016 In Singh v. Attenborough, the Delaware Supreme Court upheld the dismissal of breach of fiduciary duty claims against directors of a target

FCC Approves Charter-Time Warner Cable-Bright House Transactions

USA - May 13 2016 In a Memorandum Opinion and Order (MO&O) released on Tuesday, the FCC approved, subject to certain conditions, the applications of Charter

M&A at a Glance (May 2016)

Global, USA - May 16 2016 The M&A market was mixed in April 2016, with the U.S. market generally faring better than the global market. In the U.S., overall deal volume

The Sixth Circuit, in Agreement with the Second Circuit, Holds That American Pipe Tolling Does Not Apply to Statutes of Repose

USA - May 25 2016 On Friday, in Stein v. Regions Morgan Keegan Select High Income Fund, Inc., Nos. 15-5903, 15-905, 2016 WL 2909333 (6th Cir. May 19, 2016

Delaware Court of Chancery Holds that Board’s Decision to Disregard Speculative Projections Did Not Support Claim of Bad Faith

USA - May 25 2016 In In re Chelsea Therapeutics International Ltd. Stockholder Litigation, the Court of Chancery dismissed claims that the board of a target company

The Department of Labor Announces Final Rule for Overtime Pay Exemptions Under the FLSA

USA - May 23 2016 On May 18, 2016, the Department of Labor (the "DOL") announced a final rule that revises overtime exemption regulations for certain executive

EPA Actions to Quantify and Reduce Methane Emissions by the Oil and Gas Industry

USA - May 23 2016 Methane, the primary component of natural gas, has been identified by the U.S. Environmental Protection Agency ("EPA") as a potent greenhouse gas

HMD Global, Foxconn Forge to Produce Nokia-Branded Smartphones

USA - May 20 2016 Recalling its heyday two decades ago as one of the world's top producers of mobile phones, Nokia of Finland positioned itself for a potential (albeit