In recent months, the Hong Kong Stock Exchange has stepped up its scrutiny of investments by Hong Kong-listed companies in various types of short-term investment products. Importantly, bu...

In a recently issued administrative order, the SEC implicitly acknowledged that the limiting principles for disgorgement that the Supreme Court outlined in Liu v. Securities and Exchange ...

There is a broad consensus that the MMF reforms adopted in the wake of the 2008 crisis have not fully achieved their intended aims. A report released by the President’s Working Group on...

Many have anticipated that the Biden Administration and Democratic-controlled Congress would push for changes in antitrust enforcement policy, particularly with respect to mergers.  There...

On January 26, 2021, the Ninth Circuit issued a decision affirming the dismissal of civil securities law claims filed against Tesla and Elon Musk regarding statements that they made in 20...

Today, the Federal Trade Commission announced revised Hart-Scott-Rodino Act (HSR) reporting thresholds. Under the new thresholds, a transaction will be reportable only if, as a result of ...

Davis Polk is pleased to present its DOJ and SEC FCPA Resolution Tracker. The tracker details key characteristics of corporate and individual FCPA resolutions and is available through the...

Rules and Regulations IRS Finalizes Carried Interest Regulations Industry Update SEC Division of Examinations Statement on Recent and Upcoming Regulation Best Interest Examination...

Rules and Regulations IRS Finalizes Carried Interest Regulations Industry Update SEC Division of Examinations Statement on Recent and Upcoming Regulation Best Interest Examinations

2020 marked the twelfth anniversary of China’s Anti-Monopoly Law.  Over the course of the past year, the Chinese authorities made it clear that they expect to be full participants in th...