The coronavirus (COVID-19) pandemic is presenting unprecedented challenges to businesses around the globe. Across our practice areas, Davis Polk lawyers are addressing the many questions that corporate executives, directors and counsel are asking.

FEATURED CONTENT

• With a Hoped-For Return to Normal After COVID-19, We Expect to See a Continued Uptick in Shareholder Activist Campaigns
  Client Memorandum, January 21, 2021
• Pandemic Relief Package – PPP and Federal Reserve Provisions
  Client Memorandum, December 23, 2020

• SEC Announces 2020 Enforcement Results
  Client Memorandum, November 3, 2020
• SBA Guidance: M&A Transactions and PPP Borrowers
  Client Memorandum, October 7, 2020

• Main Street Support for Nonprofits
  Client Memorandum, September 14, 2020

Please explore the sections below to browse our content by topic.

• April 9, 2020: Regulatory Developments for Registered Funds in the Coronavirus Crisis
  Nora Jordan, Aaron Gilbride and Gregory Rowland
• March 27, 2020: Compensation Issues for Companies During the Coronavirus Crisis
  Nora Jordan, Edmond Fitzgerald and Kyoko Takahashi Lin
• March 26, 2020: Tax Provisions of the Senate Stimulus Bill
  Nora Jordan, Rachel Kleinberg and Michael Mollerus
• March 24, 2020: Shareholder Defenses and Credit Facilities in the Coronavirus Era
  Nora Jordan, Louis Goldberg and Sartaj Gill
• March 23, 2020: Disclosure and Capital Market Implications of the Coronavirus Crisis
  Nora Jordan, Richard Truesdell and Deanna Kirkpatrick

• FinReg blog
• Briefing: Governance blog

• SBA Guidance: M&A Transactions and PPP Borrowers
  Client Memorandum, October 7, 2020

• NYSE Modifies Additional Shareholder Approval Rules
  Client Memorandum, May 19, 2020

• Nasdaq Modifies Certain Shareholder Approval Rules on Temporary Basis
  Client Memorandum, May 7, 2020
• SEC Issues FAQs Relating to COVID-19 Reporting Relief
  Client Memorandum, May 6, 2020
• NYSE Waives Some Stockholder Approval Rules
  Client Alert, April 8, 2020
• COVID-19: Loan Agreement Considerations for Corporate Borrowers
  Article of Interest, April 7, 2020
• COVID-19 and Environmental Matters – Key Transactional and Compliance Impacts
  Client Memorandum, April 1, 2020
• The Pre-Emption Group Updates Guidance On Cashbox Placings
  Client Alert, April 1, 2020
• Thinking Ahead to First Quarter Reporting—Some Tips and Recommendations
  Client Memorandum, March 30, 2020
• Expansion of SBA Loan Program under the CARES Act: Implications for Private Equity Sponsors
  Client Memorandum, March 29, 2020
• Economic Stabilization: Congress Passes CARES Act
  Client Memorandum, March 27, 2020
• Securities Offerings During Closed Windows and Blackout Periods
  Client Memorandum, March 27, 2020
• How the SEC Enforcement Division Responds to a Crisis
  Client Memorandum, March 25, 2020
  
• Shareholder Defenses and Credit Facilities in the Coronavirus Era 
  Audio Recording with Louis Goldberg & Sartaj Gill, March 24, 2020
• Disclosure and Capital Market Implications of the Coronavirus Crisis
  Audio Recording with Richard Truesdell & Deanna Kirkpatrick, March 23, 2020
• Restructuring Debt Securities: Options and Legal Considerations
  Client Memorandum, March 24, 2020
• Thinking About Liquidity and Funding Alternatives?
  Client Alert, March 16, 2020
• Some Questions Being Considered About Stock Buybacks in These Volatile Markets
  Client Alert, March 9, 2020

• SEC Announces 2020 Enforcement Results
  Client Memorandum, November 3, 2020

• COVID-19 Pandemic Spurs Renewed State and Federal Focus on Price Gouging Enforcement
  Client Memorandum, May 21, 2020
• CARES Act Enforcement: A Landscape of Potential Risk
  Client Memorandum, April 14, 2020
• How the SEC Enforcement Division Responds to a Crisis
  Client Memorandum, March 25, 2020

• COVID-19 and Environmental Matters – New EPA Remediation Guidance
  Client Memorandum, April 17, 2020
• COVID-19 and Environmental Matters – Key Transactional and Compliance Impacts
  Client Memorandum, April 1, 2020 

• FRC Publishes Thematic Review of Company Disclosures During the Coronavirus (COVID-19) Pandemic
  Client Memorandum, July 23, 2020
• The UK Extends its Discretionary Powers to Intervene in Foreign Takeovers
  Client Memorandum, June 23, 2020
• FCA Announces Further Measures to Assist UK Listed Companies During the Coronavirus (COVID-19) Pandemic
  Client Memorandum, May 28, 2020
• COVID-19: Update to the Covid Corporate Financing Facility
  Client Memorandum, May 20, 2020
• UK COVID-19 Considerations for Authorised Firms - Update
  Client Memorandum, April 30, 2020
• Investment Association Outlines Shareholder Expectations on Executive Pay in Light of Coronavirus
  Client Memorandum, April 30, 2020
• Consequences of Coronavirus on General and Governance Bodies’ Meetings and Annual Accounts Approvals
  Client Memorandum, April 21, 2020
• Establishment in France of a “Legally Protected” Period Extending Many Legal Deadlines and Neutralizing Certain Contractual Prerogatives
  Client Memorandum, April 21, 2020
• UK Announces £500 Million Convertible Loan Scheme for UK Start-ups Hit By Coronavirus
  Client Memorandum, April 21, 2020
• UK Regulators Make Haste
  Article of Interest, April 15, 2020
• FCA Announces Measures to Assist UK Listed Companies During the Coronavirus Pandemic
  Client Alert, April 8, 2020
• UK COVID-19 Considerations for Authorised Firms
  Client Memorandum, April 6, 2020
• The Pre-Emption Group Updates Guidance On Cashbox Placings
  Client Alert, April 1, 2020
• UK Government Announces “Unprecedented” Support for Businesses and Workers Through the Coronavirus Crisis
  Client Memorandum, March 30, 2020
• UK Corporate Finance Update: FCA, PRA and FRC Joint Statement on Coronavirus (COVID-19) Related Measures and Guidance
  Client Alert, March 26, 2020
• The Bank of England Releases Further Details on its COVID Corporate Financing Facility and ICMA Makes Euro Commercial Paper Materials Publicly Available
  Client Memorandum, March 26, 2020
• Global Enforcers Acknowledge Need for Competitor Collaboration During COVID-19 Pandemic
  Client Memorandum, March 24, 2020
• HM Treasury and The Bank Of England Throw Combined Weight Behind New Coronavirus (COVID-19) Commercial Paper Programme
  Client Memorandum, March 23, 2020
• AGM Considerations for UK Foreign Private Issuers Arising From Coronavirus
  Client Memorandum, March 23, 2020
• UK Corporate Finance Update: Coronavirus (COVID-19)-Related Measures and Guidance
  Client Memorandum, March 23, 2020
• UK Regulatory Supervision During the Coronavirus Crisis
  Client Alert, March 23, 2020

• Taking Care of Employees During COVID-19: Consider This Handy Employee Benefit Tool
  Client Memorandum, June 22, 2020

• COVID-19: Incentive Compensation Design in a Shifting Landscape
  Client Memorandum, June 12, 2020
• COVID-19: Reductions in Executive Pay
  Client Memorandum, May 6, 2020
  
• COVID-19: Impact on Nonqualified Deferred Compensation Plans
  Client Memorandum, April 29, 2020
• COVID-19: Addressing Underwater Stock Options and Stock Appreciation Rights
  Client Memorandum, April 14, 2020
• COVID-19: Considerations for Companies That Have Not Yet Established Their 2020 Incentive Compensation Programs
  Client Memorandum, April 7, 2020
• COVID-19: Considerations for Companies That Have Already Established Their 2020 Incentive Compensation Programs
  Client Memorandum, April 7, 2020
• Compensation Issues for Companies During the Coronavirus Crisis
  Audio Recording with Edmond FitzGerald & Kyoko Takahashi Lin, March 27, 2020
• Families First Coronavirus Response Act: Key Takeaways Regarding Paid Leave Benefits
  Client Alert, March 18, 2020

• Pandemic Relief Package – PPP and Federal Reserve Provisions
  Client Memorandum, December 23, 2020

• SBA Guidance: M&A Transactions and PPP Borrowers
  Client Memorandum, October 7, 2020

• Main Street Support for Nonprofits
  Client Memorandum, September 14, 2020
• Main Street Program: Davis Polk Visual Memo
  Deck, Updated June 12, 2020

• Main Street Program: Legal Architecture  – Updated
  Client Memorandum, Updated June 12, 2020
• Key CARES Act Provisions and Fed Programs for Corporates
  Deck, May 22, 2020

• Summary of Main Street Programs
  Deck, May 3, 2020
• CARES Act: Relief for Nonprofit and Tax-Exempt Organizations
  Client Memorandum, April 27, 2020
• The CARES Act for Gig Workers and Others Who Work for Themselves
  Client Memorandum, April 27, 2020
• SBA Paycheck Protection Program: Key Provisions and Related Fed Secured Lending Facility
  Deck, April 14, 2020
• CARES Act Enforcement: A Landscape of Potential Risk
  Client Memorandum, April 14, 2020
• The CARES Act Paycheck Protection Program: Key Features for Lenders and Small Business Borrowers
  Client Memorandum, April 7, 2020
• UK Government Announces “Unprecedented” Support for Businesses and Workers Through the Coronavirus Crisis
  Client Memorandum, March 30, 2020
• Expansion of SBA Loan Program under the CARES Act: Implications for Private Equity Sponsors
  Client Memorandum, March 29, 2020
• Tax Relief: Congress Passes CARES Act
  Client Memorandum, March 27, 2020
• Economic Stabilization: Congress Passes CARES Act
  Client Memorandum, March 27, 2020
• The Bank of England Releases Further Details on its COVID Corporate Financing Facility and ICMA Makes Euro Commercial Paper Materials Publicly Available
  Client Memorandum, March 26, 2020
• The Federal Reserve’s Actions to Address the Coronavirus Crisis
  Comparison Table, April 13, 2020
  
• HM Treasury and The Bank Of England Throw Combined Weight Behind New Coronavirus (COVID-19) Commercial Paper Programme
  Client Memorandum, March 23, 2020

• SEC Issues Targeted Regulatory Relief for Advisers and Registered Funds Affected by the Coronavirus Outbreak – Updated
  Client Alert, June 22, 2020
• OFAC Releases Fact Sheet on Humanitarian Assistance
  Client Memorandum, April 22, 2020
• Davis Polk Dialogues: Regulatory Developments for Registered Funds in the Coronavirus Crisis
  Audio Recording with Nora Jordan, Aaron Gilbride and Gregory Rowland, April 9, 2020
• Economic Stabilization: Congress Passes CARES Act
  Client Memorandum, March 27, 2020
• The Federal Reserve’s Actions to Address the Coronavirus Crisis
  Comparison Table, April 13, 2020
• SEC Provides Temporary Additional Flexibility for Registered Funds Affected by the Coronavirus Outbreak to Obtain Short-Term Funding
  Client Alert, March 24, 2020
• UK Regulatory Supervision During the Coronavirus Crisis
  Client Alert, March 23, 2020
• Fed Expands Money Market Mutual Fund Liquidity Facility to Include Municipal Bonds
  Client Memorandum, March 19, 2020 (Updated March 22, 2020)
• The Fed Announces a Primary Dealer Credit Facility
  Client Memorandum, March 19, 2020
• CFTC Issues COVID-19 Related Relief for Futures and Swap Market Participants
  Client Alert, March 17, 2020
• Republication: The 2009 Davis Polk Financial Crisis Manual
  Client Memorandum, March 16, 2020

• With a Hoped-For Return to Normal After COVID-19, We Expect to See a Continued Uptick in Shareholder Activist Campaigns
  Client Memorandum, January 21, 2021

• The UK Extends its Discretionary Powers to Intervene in Foreign Takeovers
  

  Client Memorandum, June 23, 2020

• Foreign Direct Investment (FDI) Screening – Filings in a Time of Crisis
  Client Memorandum, May 7, 2020
• COVID-19 and Environmental Matters – Key Transactional and Compliance Impacts
  Client Memorandum, April 1, 2020
• HSR Act Update: Agencies to Resume Granting Early Termination of Waiting Period
  Client Alert, March 30, 2020
• Expansion of SBA Loan Program under the CARES Act: Implications for Private Equity Sponsors
  Client Memorandum, March 29, 2020
• Global Enforcers Acknowledge Need for Competitor Collaboration During COVID-19 Pandemic
  Client Memorandum, March 24, 2020
• Purchasing Portfolio Company Debt – Threshold Issues for Private Equity Sponsors
  Client Memorandum, March 23, 2020
• Should Companies Play Strong Defense in These Hostile Times?
  Client Alert, March 20, 2020
• FTC and DOJ Issue Civil Merger Investigation Guidance in Light of COVID-19 
  Client Alert, March 17, 2020
• FTC Implements Temporary HSR e-Filing System
  Client Memorandum, March 16, 2020

• With a Hoped-For Return to Normal After COVID-19, We Expect to See a Continued Uptick in Shareholder Activist Campaigns
  Client Memorandum, January 21, 2021

• SEC Staff Issues Additional Guidance on COVID-19 Disclosure
  Client Memorandum, June 25, 2020
• FCA Announces Further Measures to Assist UK Listed Companies During the Coronavirus (COVID-19) Pandemic
  Client Memorandum, May 28, 2020
• NYSE Waives Some Stockholder Approval Rules
  Client Alert, April 8, 2020
• COVID-19 and Public Companies: This is a developing (and updated) story
  Client Memorandum, March 31, 2020
• Thinking Ahead to First Quarter Reporting—Some Tips and Recommendations
  Client Memorandum, March 30, 2020
• SEC Extends Reporting Relief and Issues Guidance
  Client Memorandum, March 26, 2020
• UK Corporate Finance Update: FCA, PRA and FRC Joint Statement on Coronavirus (COVID-19) Related Measures and Guidance
  Client Alert, March 26, 2020
• How the SEC Enforcement Division Responds to a Crisis
  Client Memorandum, March 25, 2020
• Shareholder Defenses and Credit Facilities in the Coronavirus Era
  Audio Recording with Louis Goldberg & Sartaj Gill, March 24, 2020
• Disclosure and Capital Market Implications of the Coronavirus Crisis
  Audio Recording with Richard Truesdell & Deanna Kirkpatrick, March 23, 2020
• UK Corporate Finance Update: Coronavirus (COVID-19)-Related Measures and Guidance
  Client Memorandum, March 23, 2020
• AGM Considerations for UK Foreign Private Issuers Arising From Coronavirus
  Client Memorandum, March 23, 2020
• What If You Need to Change Your Annual Meeting Location or Date Due to the COVID-19 Coronavirus?
  Client Memorandum, March 2, 2020
• How Should Boards Be Thinking About the Novel Coronavirus?
  Client Alert, February 27, 2020

• Taking Care of Employees During COVID-19: Consider This Handy Employee Benefit Tool
  Client Memorandum, June 22, 2020

• CARES Act: Relief for Nonprofit and Tax-Exempt Organizations
  Client Memorandum, April 27, 2020
• The CARES Act for Gig Workers and Others Who Work for Themselves
  Client Memorandum, April 27, 2020
• Additional Tax Relief; Highlights for Individuals
  Client Memorandum, March 31, 2020
• Tax Relief: Congress Passes CARES Act
  Client Memorandum, March 27, 2020
• Tax Provisions of the Senate Stimulus Bill
  Audio Recording with Rachel Kleinberg & Michael Mollerus, March 26, 2020
• Internal Revenue Service Permits Taxpayers to Defer Certain April 15th Tax Payments
  Client Memorandum, March 19, 2020
• Estate Planning Considerations in the Current Environment
  Client Memorandum, March 19, 2020