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Sullivan & Worcester LLP | USA | 24 Jul 2020
OCC Gives Banks Keys to the Crypto Kingdom
On July 22, 2020, the Office of the Comptroller of the Currency (“OCC”) published an Interpretive Letter (the “Letter”) declaring that national banks…
Sullivan & Worcester LLP | USA | 21 Jul 2020
Mid-Year Retirement Benefits Update
We have previously discussed the relief provided under the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) for individuals with…
Sullivan & Worcester LLP | USA | 13 Jul 2020
Piggyback Ride to New York BitLicense
On June 24, 2020, the New York Department of Financial Services (the "NYDFS") announced it is considering a proposal to issue conditional licenses (a…
Sullivan & Worcester LLP | USA | 13 Jul 2020
SEC Proposes Increase for 13F Threshold
The SEC has proposed to amend Form 13F to update the reporting threshold for institutional investment managers from $100 million to $3.5 billion. The…
Sullivan & Worcester LLP | Germany, USA | 2 Jul 2020
U.S. Supreme Court Will Hear Germany’s Appeal Over the Guelph Treasure Bought by Nazi Agents in 1935
Washington DC - The United States Supreme Court today agreed to hear the appeal by Germany and the Stiftung Preussischer Kulturbesitz (SPK) seeking…
Sullivan & Worcester LLP | USA | 2 Jul 2020
An Update on the Paycheck Protection Program
Congress recently extended the deadline by which businesses may apply for loans under the Paycheck Protection Program (PPP) from June 30 to August 8…
Sullivan & Worcester LLP | USA | 26 Jun 2020
SEC Provides Additional Disclosure Considerations for Companies Impacted by Coronavirus (COVID-19) as the End of the Second Quarter Approaches
On June 23, 2020, the SEC issued new guidance for companies’ disclosure considerations regarding operations, liquidity and capital resources in light…
Sullivan & Worcester LLP | USA | 25 Jun 2020
The House of Representatives Tries Again, Calling for Economic Relief for Renewables
Recently, several members of the House of Representatives (the “House”) sent a letter requesting economic relief for the renewable energy industry…
Sullivan & Worcester LLP | USA | 24 Jun 2020
More SEC Guidance on COVID-19 Disclosure
The SEC staff has issued new guidance regarding companies’ disclosure considerations regarding operations, liquidity and capital resources in light…
Sullivan & Worcester LLP | USA | 24 Jun 2020
SEC Revises Rules for Financial Statements Required for Acquisitions and Dispositions of Businesses and Real Estate
SEC Revises Rules for Financial Statements Required for Acquisitions and Dispositions of Businesses and Real Estate In May 2020, the Securities and…
