Client Alert | International Trade US Further Liberalizes Burma Sanctions May 2016 EU Sanctions Team: James Killick, Genevra Forwood, Sara Nordin, Charlotte Van Haute, Fabienne Vermeeren US Sanctions Team: Richard Burke, Nicole Erb, Claire A. DeLelle, Kristina Zissis, Cristina Brayton-Lewis, Tanya Hanna On May 17, 2016, the US Department of Treasury’s Office of Foreign Assets Control...
European securitisation: Making a comeback? How likely is a successful revival of the securitisation market under the new STS criteria? Reviving the European securitisation market After seven years in the doldrums, moves are afoot to revitalise the European securitisation market. This is urgently needed to broaden the funding base of European SMEs, argues Michael Rützel of global law...
Client Alert | Capital Markets SEC’s Division of Corporation Finance Releases New Guidance Related to Non-GAAP Financial Measures May 2016 Authors: Colin Diamond, David Johansen, Gary Kashar On May 17, 2016, the Division of Corporation Finance of the Securities and Exchange Commission (SEC) issued 12 new or revised Compliance and Disclosure Interpretations (C&DIs) to its...
Client Alert | Financial Institutions / Regulatory & Compliance Marketplace Lending Update: Recent Developments Place Pressure on Industry May 2016 Authors: Kevin Petrasic, Ben Saul, Jolina Cuaresma, Helen Lee, Josh Garcia Following a spate of heightened regulatory, enforcement and legislative scrutiny, investor concerns around industry practices, and bad press, the marketplace lending...
SUPREME COURT BUSINESS REVIEW October Term 2014 SUPREME COURT BUSINESS REVIEW O c t o b er T er m 2 0 1 4 Contents Page Administrative Law ï® Mach Mining, LLC v. EEOC ...........................................................................................1 ï® Michigan v. EPA...
WORKPLACE INVESTIGATIONS AND PRIVILEGE Theodore O. Rogers, Jr. Sullivan & Cromwell LLP 125 Broad Street New York, NY 10004 October 23, 2015 WORKPLACE INVESTIGATIONS AND PRIVILEGE Table of Contents Page Introduction ......................................................................................................................................1 I. Attorney-Client Privilege and...
Dealing with a Breach Mock Crisis: Putting the Response Plan to the Test Frank Cilluffo Daniel M. Gallagher, Jr. Stephen Labaton James F. Yacone Moderator: Jay Clayton Attorney Advertising Prior results do not guarantee a similar outcome. Copyright ©2015 Sullivan & Cromwell LLP Child’s Toy and Clothing Co. • Child’s Toy and Clothing Co....
LAWYER The M&A January 2016 â–ª Volume 20 â–ª Issue 1 THE FORCE AWAKENS: A RESURGENCE OF M&A IN 2015 By Frank Aquila and Melissa Sawyer Frank Aquila and Melissa Sawyer are partners in the Mergers & Acquisitions Group of Sullivan & Cromwell LLP. The views and opinions expressed in this article are those of the authors and do not necessarily represent...
OF NOTE Expert Q&A on Stockholder Inspection Demands When the Delaware Supreme Court issued its July 2014 decision in Wal-Mart Stores, Inc. v. Indiana Electrical Workers Pension Trust Fund, many attorneys read it as a signal that a more expansive scope of books and records discovery was available under Section 220 of the Delaware General Corporation Law (DGCL). Yet recent case law from...
OF NOTE TAX Expert Q&A on the OECD’s BEPS Project The Organisation for Economic Co-operation and Development’s (OECD’s) Base Erosion and Profit Shifting (BEPS) Project is an initiative aimed at reducing double non-taxation arising in the context of cross-border transactions. In October 2015, the OECD published reports on 15 separate action items to address...
DEAL LAWYERS Vol. 10, No. 2 March-April 2016 Spin-Offs: Frequently Asked Questions By Eric Krautheimer, John Savva and Davis Wang, Partners of Sullivan & Cromwell LLP Like many cycles in the M&A world, spin-offs come and go. At the moment, spin-offs (and to some extent split-offs) appear to continue to be something that many companies are considering. Over 100 spin-offs and...
CAPITAL MARKETS & CORPORATE GOVERNANCE Ismagilov/Shutterstock.com IN THE BOARDROOM Adopting a Poison Pill in Response to Shareholder Activism In his regular column, Frank Aquila drafts a memo to a board explaining the considerations it should evaluate when deciding whether to adopt a poison pill. FRANCIS J. AQUILA PARTNER SULLIVAN & CROMWELL LLP Frank has a broad...
IN PRACTICE In Practice Sullivan & Cromwell LLP is a global law firm providing the highest quality legal advice and representation to clients around the world. The results the Firm achieves have set it apart for more than 130 years and have become a model for the modern practice of law. The Firm is renowned for providing deeply tailored legal solutions to clients....