The Davis Polk Financial Crisis Manual has been written for anyone who wants to understand the flurry of new legislation, old law used in new ways, contracts with Treasury, press releases...

Section 7 of the Clayton Act, enacted in 1914 and amended in 1950, is the principal US antitrust statute governing mergers and acquisitions. Section 7 prohibits acquisitions of assets or ...

One of the cornerstones of the U.S. Chapter 11 process is the absolute priority rule, which requires that, unless they consent otherwise, junior creditors may not receive any value on acc...

In an important decision published recently, Pension Benefit Guaranty Corp. v. Oneida Ltd., 2009 WL 929528 (2d Cir. April 8, 2009), the Second Circuit Court of Appeals reversed a decision...

As a two-time American Lawyer Dealmaker of the Year—most recently for his work advising the Treasury Department and Federal Reserve Bank of New York last fall—Davis Polk & Wardwell ba...

In August 2006, the SEC published its final release to completely overhaul the rules and regulations for executive compensation disclosure, which was met with intense debate and focus. Al...