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Delaware Chancery Court Upholds Termination of Merger on MAE Grounds in Akorn v. Fresenius

USA - October 4 2018 It can no longer be said that the Delaware Chancery Court has never found a Material Adverse Effect ("MAE") that justified termination of a public

Debt Exchanges in Spin-Off Transactions: New IRS Revenue Procedure Defines Ruling Practice for Tax-Free Stock-for-Debt and Securities-for-Debt Exchanges in Spin-Offs

USA - October 4 2018 On October 3, 2018, the Internal Revenue Service (the "IRS") issued Revenue Procedure 2018-53 (the "New Revenue Procedure"), which establishes revised

CFTC Chairman Releases White Paper on “Cross-Border Swaps Regulation Version 2.0”

USA - October 5 2018 On October 1, 2018, Commodity Futures Trading Commission ("CFTC") Chairman Christopher Giancarlo released a White Paper titled "Cross-Border Swaps

Bank Capital Requirements: Federal Banking Agencies Issue Proposed Rule Revising the Regulatory Capital Definition of High Volatility Commercial Real Estate Exposures

USA - October 3 2018 On September 18, the Federal Reserve, the OCC, and the FDIC issued a proposed rule that would revise the definition of High Volatility Commercial

California Enacts Female Gender Quotas for Public Companies Headquartered in the State

USA - October 1 2018 California Becomes First State to Attempt to Require Female Representation on the Boards of Directors of Publicly Traded Companies Headquartered in

CFTC Chairman Releases White Paper on “Cross-Border Swaps Regulation Version 2.0”

USA - October 5 2018 On October 1, 2018, Commodity Futures Trading Commission ("CFTC") Chairman Christopher Giancarlo released a White Paper titled "Cross-Border Swaps

Delaware Chancery Court Upholds Termination of Merger on MAE Grounds in Akorn v. Fresenius

USA - October 4 2018 It can no longer be said that the Delaware Chancery Court has never found a Material Adverse Effect ("MAE") that justified termination of a public

Debt Exchanges in Spin-Off Transactions: New IRS Revenue Procedure Defines Ruling Practice for Tax-Free Stock-for-Debt and Securities-for-Debt Exchanges in Spin-Offs

USA - October 4 2018 On October 3, 2018, the Internal Revenue Service (the "IRS") issued Revenue Procedure 2018-53 (the "New Revenue Procedure"), which establishes revised

Joint Statement on BSA Resource Sharing: Federal Depository Institution Regulators and FinCEN Issue Joint Statement to Highlight Potential Benefits and Risks of Bank Secrecy Act (“BSA”)-Related Collaborations

USA - October 4 2018 On October 3, 2018, the Board of Governors of the Federal Reserve System ("FRB"), the Federal Deposit Insurance Corporation ("FDIC"), the National

Bank Capital Requirements: Federal Banking Agencies Issue Proposed Rule Revising the Regulatory Capital Definition of High Volatility Commercial Real Estate Exposures

USA - October 3 2018 On September 18, the Federal Reserve, the OCC, and the FDIC issued a proposed rule that would revise the definition of High Volatility Commercial