CLIENT PUBLICATION ANTITRUST LITIGATION 16 October 2015 Court of Appeal Sets Aside Order for Disclosure of Unredacted Commission Decision and Orders Strike Out of Economic Tort-Based Claims If you wish to receive more information on the topics covered in this publication, you may reach out to your regular Shearman & Sterling contact person or any of the following: Jo...
CLIENT PUBLICATION FINANCIAL RESTRUCTURING & INSOLVENCY | November 9, 2015 United States Bankruptcy Court for the Southern District of New York Identifies New Jurisdictional Hook to Provide Chapter 15 Relief to Foreign Debtors On October 28, 2015, the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) issued a decision that...
BANKING & PROJECT FINANCE IRAN SANCTIONS The carrot and the stick Snapback provisions in this year’s nuclear deal are not subject to grandfathering. That creates real risks for foreign investors he nuclear deal struck between Iran and global powers in July this year has caught the attention of many businesses looking to enter the Middle East’s second largest economy,...
CLIENT PUBLICATION COMPENSATION, GOVERNANCE & ERISA | DECEMBER 7, 2015 A Summary of Compensation-Related Updates to the Proxy Voting Guidelines of ISS and Glass Lewis Institutional Shareholder Services Inc. (“ISS”) recently finalized its Proxy Voting Guidelines (the “ISS Guidelines”) that apply to all shareholder meetings held after February 1,...
CLIENT PUBLICATION ENVIRONMENTAL/CAPITAL MARKETS | 21 DECEMBER 2015 Corporate Climate Change Reporting: Recent Developments As world leaders coalesced in Paris to agree on an historic treaty to commit nearly 200 countries to a global greenhouse gas reduction target, a similar, renewed focus has been brought recently across borders to enhance corporate disclosure to stakeholders on the...
CLIENT PUBLICATION Antitrust | 23 December 2015 Airfreight: Major Defeat for the European Commission The General Court annulled the airfreight decision adopted in November 2010 by which the European Commission fined a number of air freight carriers EUR 799 million for a price fixing cartel. According to the Court, the grounds of the decision and the operative part of the decision were...
FCPA Digest Cases and Review Releases Relating to Bribes to Foreign Officials under the Foreign Corrupt Practices Act of 1977 JANUARY 2016 Editorial Board Editor In Chief: Philip Urofsky Washington, DC London +1.202.508.8060 purofsky@shearman.com Managing Editor: Zach Torres-Fowler Contributing Editors: Alexandra Munson Digest Contributors: Daria Anichkova, Avani Bhatt, Laura Caldwell,...
CLIENT PUBLICATION IRAN SANCTIONS | January 20, 2016 Navigating Iran Sanctions After Implementation Day Although the United States, the European Union, and the United Nations lifted a number of sanctions targeting Iran on January 16, 2016 (“Implementation Day”) in accordance with the terms of the recent Iran nuclear deal, the immediate impact for financial institutions...
A QUARTERLY NEWSLETTER FOR CORPORATES JANUARY 2016/EUROPE Governance & Securities Law Focus In this newsletter, we provide a snapshot of the principal European, US and selected international governance and securities law developments of interest to European corporates. Financial regulation developments are available here. In this Issue (please click on any title to go directly to the...
CLIENT PUBLICATION FINANCIAL INSTITUTIONS ADVISORY & FINANCIAL REGULATORY | 11 FEBRUARY 2016 Formal Proposal to Delay Implementation of MiFID II Package to 2018 The European Commission has proposed to delay the application of the Markets in Financial Instruments Directive and Markets in Financial Instruments Regulation by one year. The proposed extension is due to concerns about the...