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U.K. government announces new business loan programs
- Alston & Bird LLP
- -
- United Kingdom
- -
- January 14 2009
Today, the U.K. government announced “a package of measures designed to address the cash flow, credit and investment needs of small and medium businesses.”
European Investment Bank increases its support for SME projects in Romania by EUR 140 million
- Alston & Bird LLP
- -
- European Union, Romania
- -
- September 1 2009
Today, the European Investment Bank (EIB) announced its approval of two intermediate loans to the government of Romania, to support the projects of small and medium-sized enterprises (SMEs
Chrysler Financial receives $1.5 billion in TARP funds
- Alston & Bird LLP
- -
- USA
- -
- January 16 2009
Today, Treasury announced that it would inject $1.5 billion of TARP funds into Chrysler’s financing arm, Chrysler Financial, with Chrysler Holding LLC guaranteeing certain covenants relating to restrictions on dividends and distributions
American Recovery and Reinvestment Bill of 2009 summary released
- Alston & Bird LLP
- -
- USA
- -
- January 15 2009
Today, the Committee on Appropriations released a summary of the American Recovery and Reinvestment Bill of 2009 which will be under consideration by Congress within the next two weeks
SEC approves new guidance for Section 404 compliance, proposes rules to modernize smaller company capital-raising and disclosure requirements and adopts new rules for the Credit Rating Agency Reform Act
- Alston & Bird LLP
- -
- USA
- -
- May 24 2007
At an open meeting on May 23, 2007, the Securities and Exchange Commission (SEC) took regulatory action in three different areas
Delaware Supreme Court holds that directors may not use equitable standing to pursue derivative actions
- Alston & Bird LLP
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- USA
- -
- February 22 2008
A recent decision by the Delaware Supreme Court Schoon v. Smith, No. 554, 2008 Del. LEXIS 67 (Feb. 12, 2008) further reinforced a principle well entrenched in Delaware jurisprudence namely, that an individual who is a member of the board of directors cannot initiate a derivative suit on behalf of the corporation unless he or she complies with Section 327 of the Delaware General Corporation Law
Continuous stock ownership necessary to prosecution of derivative action
- Alston & Bird LLP
- -
- USA
- -
- February 27 2008
The Supreme Court of California recently clarified the standing requirements for plaintiffs seeking to bring derivative actions
U.K. announces £2 billion support package for the automotive industry
- Alston & Bird LLP
- -
- United Kingdom
- -
- January 27 2009
Today, the U.K. government announced “a package of measures aimed at freeing up lending of more than £2 billion for the automotive industry.”
IMF projects steady economic decline for Middle East and Central Asia in 2009
- Alston & Bird LLP
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- Global
- -
- May 11 2009
Last month, the IMF released its World Economic Outlook report in which it predicted that “the global economy is projected to shrink by 1.3 percent in 2009, with a slow recovery expected to take hold next year.”
House Subcommittee on International Monetary Policy and Trade holds hearing on implications of the G-20 leaders summit
- Alston & Bird LLP
- -
- Global, USA
- -
- May 13 2009
Today, the International Monetary Policy and Trade of the House Financial Services Committee held a hearing entitled "Implications of the G-20 Leaders Summit for Low Income Countries and the Global Economy," to discuss how the decisions made at the G-20 Leaders Summit will be given effect
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