Davis Polk partner Jason Kyrwood authored “COVID-19: Loan Agreement Considerations for Corporate Borrowers” in a recent edition of Practical Law (Thomson Reuters). The article discusses…
The SBA has issued a long-awaited Procedural Notice providing guidance on the procedures for changes of ownership of an entity that has received Paycheck Protection Program funds.This…
The NYSE has adopted new, temporary exceptions to its shareholder approval rules in light of corporate financing needs related to the coronavirus (COVID-19) pandemic. The new rule provides…
Recognizing the need to ease companies’ access to capital during the COVID-19 pandemic, Nasdaq has instituted a new rule to provide a limited temporary exception to its requirement of…
On Monday, the SEC staff issued four "Frequently Asked Questions" relating to its March 25th order which extended filing deadlines for companies who require additional time to comply with…
On April 20, 2020, the UK Chancellor, Rishi Sunak announced a new £500 million scheme (delivered by the UK Government in partnership with the British Business Bank) to provide convertible…
The premium segment of the UK’s Main Market offers investors the benefit of a gold plated package of shareholder rights, corporate governance and corporate disclosure above mandated EU-wide…
Recognizing that many companies will have “urgent liquidity needs” in the coming months as a result economic and market conditions related to the spread of COVID-19, on Monday the New York…
The novel coronavirus (COVID-19) pandemic has had, and will continue to have, a significant impact on the global economy, businesses and individuals. This memorandum summarizes the ways in…
Today the Pre-Emption Group (“PEG”) announced its expectations with regard to issuers complying with the Pre-Emption Group Principles in light of the unparalleled economic situation caused…