In the last decade, Bitcoin and countless other open-source, decentralised protocols inspired by Bitcoin (for example, Ethereum and Monero) have come to represent a $300 billion-plus ma...

  Most U.S. lawyers know very little about foreign laws governing the attorney-client privilege or work product doctrine. However, ignoring those laws might, in certain circumstances, mak...

Financial Regulation: Law and Policy, Second Edition, Foundation Press, August 2018 This textbook takes as its starting point today’s financial sector, which has been reshaped by the Fi...

  Davis Polk partner Annette Nazareth served as Contributing Editor of the inaugural edition of Getting the Deal Through – Financial Services Compliance, and Davis Polk partner Karen Ch...

In an evolving securities landscape, examinations of investment advisers remain a key priority for the SEC’s Office of Compliance Inspections and Examinations (OCIE). By understanding O...

  Market participants are undertaking significant work to prepare for a transition away from LIBOR. The recent launch and reform of preferred alternative reference rates to USD LIBOR and ...

Market participants are undertaking significant work to prepare for a transition away from LIBOR. This publication focuses on the legal framework and other issues related to fallback lang...

As the structure of term loans continues to evolve to include variations on “call protection” – provisions compensating lenders for early prepayments – such features need to be do...

On Feb. 27, 2018, the U.S. Supreme Court issued its decision in Merit Management Group LP v. FTI Consulting Inc., resolving a circuit court split regarding the scope of the Bankruptcy Cod...

Davis Polk partner Margaret Tahyar recently authored “Are Banking Regulators Special?” for The Clearing House’s Banking Perspectives magazine. The article discusses how federal bank...