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The FDIC’s Temporary Liquidity Guarantee Program (the TLG Program), which guarantees certain senior unsecured debt issued by eligible banking entities and provides unlimited deposit ins...
Last week, Treasury completed its investment in the nine systemically important banks and, on October 31 st , Treasury posted standardized final documents on its website. The final docume...
On September 30, 2008, the SEC Office of the Chief Accountant and the FASB staff issued a joint press release (“Joint Press Release”) aimed at providing financial statement users, pre...
While the current worldwide economic slowdown and credit crunch have limited refinancing options for companies which have previously issued debt securities, the recent decline in secondar...
The FDIC’s Temporary Liquidity Guarantee Program (the TLG Program), which guarantees certain senior unsecured debt issued by eligible banking institutions and provides unlimited deposit...
New rules on deferred compensation, enacted as part of the Emergency Economic Stabilization Act of 2008 on October 3, 2008, may have a much broader scope than originally anticipated. Thes...
On October 3, 2008, the President signed into law the Emergency Economic Stabilization Act of 2008 (the “Act”), which authorizes the U.S. Department of Treasury (“Treasury”) to ac...
The Emergency Economic Stabilization Act of 2008 (“EESA”), which President Bush signed on October 3, added Section 457A to the Internal Revenue Code. Under the new provision, managers...
As reported in previous Davis Polk communications, the SEC’s emergency orders requiring large institutional investment managers to report short sales in Section 13(f) securities on Form...