Each proxy season, Institutional Shareholder Services Inc. (“ISS”) constructs a peer group for each company prior to the company’s next proxy disclosure. ISS’ methodology for cons...

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provides economic support in multiple forms to nonprofit and tax-exempt organizations facing hardship due to the COVID-1...

The CFTC last week formally withdrew its controversial Proposed Regulation Automated Trading (Proposed Reg AT) and—consistent with Chairman Tarbert’s principles-based approach to regu...

On June 30, 2020, the U.S. Department of Justice and Federal Trade Commission released a final version of the agencies’ updated Vertical Merger Guidelines. The updated Guidelines are br...

COVID-19 Update SEC Extends Relief for Virtual Meetings of Registered Fund Boards Rules and Regulations SEC’s Division of Investment Management Delivers No-Action Letter to Investmen...

Rules and Regulations CFTC Adopts a Final Rule Limiting Commodity Pool Operator Registration Exemption Final Volcker Rule 2.1 – Covered Funds Industry Update OCIE Issues Risk Alert o...

This memo provides our summary of the final rule amending the covered funds portion of the Volcker Rule regulations, which largely adopts the amendments as proposed. We point out the few ...

Highlighting that legislative steps could help address the “tough legacy” contracts that cannot transition from LIBOR, the UK Government announced on June 23 its intention to expand t...

While businesses operating in California are still adjusting to the requirements of the California Consumer Privacy Act (CCPA) and are watching for enforcement actions brought by the Cali...

The U.S. Department of Labor issued a proposed rule on June 23, 2020 to clarify how and when ERISA fiduciaries can select and monitor plan investments based on environmental, social or co...