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Paul Weiss | USA | 20 May 2020
Delaware Court of Chancery Finds Private Equity Controller’s Preferred Redemption Entirely Fair
The Delaware Court of Chancery recently held in The Frederick Hsu Living Trust v. Oak Hill Capital Partners that a controlling stockholder and its…
Paul Weiss | USA | 19 May 2020
U.S. Government Issues Updated Sanctions Compliance Guidance for the Maritime Industry
On May 14, 2020, the U.S. Department of State, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), and the U.S. Coast…
Paul Weiss | USA | 19 May 2020
False Claims Act Liability in the Age of COVID-19
Congress has passed a number of measures to provide financial relief to individuals and businesses impacted by COVID-19, including, most notably, the…
Paul Weiss | USA | 19 May 2020
COVID-19 Update: New York State Guidance on Reopening Businesses
Under New York State's reopening plan (the "NY Forward Reopening Plan"), non-essential businesses in each of the State's 10 regions can begin…
Paul Weiss | USA | 19 May 2020
COVID-19 Update for Public Companies: NYSE Provides Temporary Relief for the 20% Shareholder Approval Requirement
On May 14, 2020, the SEC approved, with immediate effect, a proposed rule change filed by the NYSE (available here) that provides NYSE-listed…
Paul Weiss | USA | 14 May 2020
OFAC Enforcement Action against BIOMIN America, Inc. Highlights the Consequences of Failing to Seek and Implement Appropriate Compliance Advice
On May 6, 2020, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) announced a $257,862 settlement agreement with BIOMIN…
Paul Weiss | USA | 12 May 2020
UPDATE: New York State Extends Eviction and Foreclosure Moratoria, and Provides Certain Additional Benefits to Residential Tenants, During the Coronavirus Pandemic
New York state extended through August 19, 2020 its moratoria on evictions and foreclosures for residential and commercial tenants suffering economic…
Paul Weiss | USA | 11 May 2020
Department of Education Issues New Regulations Governing How Colleges and Universities Investigate and Adjudicate Sexual Misconduct Cases under Title IX
On May 6, 2020, the U.S. Department of Education released its long-awaited final regulations governing how colleges and universities must investigate…
Paul Weiss | USA | 11 May 2020
CFIUS Imposes Filing Fees
On April 29, 2020, the Treasury Department issued Interim Regulations implementing the new authority under the Foreign Investment Risk Review…
Paul Weiss | USA | 8 May 2020
COVID-19 Update for Public Companies: Nasdaq Provides Temporary Relief as to the 20% Shareholder Approval Requirement
On May 4, 2020, the SEC approved, with immediate effect, a proposed rule change filed by The NASDAQ Stock Market LLC ("Nasdaq") (available here) that…
