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Since the SEC staff substantially narrowed the use of Rule 14a-8(i)(9) as a basis to exclude shareholder proposals in Staff Legal Bulletin 14H back in October 2015, which we previously di...
Unanimous panel affirms dismissals of two actions brought by creditors seeking to avoid transactions through an end run around Section 546
In a final opinion dated March 29, 2016, the Sec...
SEC Rules and Regulations
SEC Extends Comment Period on Proposed Rule and Concept Release on Transfer Agent Regulations
SEC Staff Grants No-Action Relief Allowing Use of Rule 486(b) to F...
CII issued a recent policy statement focused on newly public companies, prompted by concerns about high-profile IPOs using dual-class shares. In 2015, dual-class IPOs raised twice as muc...
During the past week, there have been a number of news reports regarding Bloomberg’s analysis that since 2011, only seven of the 174 people nominated to boards by five of the largest U....
U.S. Senators Tammy Baldwin (D-WI) and Jeff Merkley (D-OR) have introduced The Brokow Act designed to increase oversight of activist hedge funds. Senators Bernie Sanders (I-VT) and Elizab...
The SEC Division of Corporation Finance issued a rare FAQ on a proxy rule yesterday, making clear that companies must provide details when listing shareholder proposals on proxy cards. Th...
The Federal Reserve has reproposed rules that would establish single-counterparty credit limits (“SCCL Reproposal”) for certain U.S. bank holding companies (“BHCs”) and foreign ba...
Investors have expressed concerns about the length of director tenure for several years, pushing companies to focus on board succession planning and board refreshment processes. There ha...
After two years of preparation, the Hong Kong professional investors regime under the SFC Code of Conduct (“Code”) will be tightened up this month. We hope this briefing will help you...