• 10.10.18

    Card Networks and Merchants Reach New Settlement Terms

    Will the second time be the charm? Two credit card networks and merchants representing the class suing them reached a revised agreement to put an end to a 13-year-old antitrust class action concerning the interchange fees merchants must pay and the card network rules imposed on merchants.  

  • 10.10.18

    Latest Buzz: Is California Regulator Readying New Financial Regulations?

    In a sign that the California Department of Business Oversight (DBO) is contemplating new enforcement activity or possibly proposed regulations in the lending space, the DBO sent letters to 20 consumer installment lenders asking for details about their annual percentage rates (APRs) and online ...

  • 03.21.18

    Equifax Insider Trading Charges Highlight Importance of Tailored Policies and Controls

    In what appears to be the first insider trading case stemming from insider knowledge of material nonpublic cyber-related information, the Securities and Exchange Commission brought civil charges against a former Equifax executive, alleging that the executive illegally traded on the basis of ...

  • 02.12.18

    Federal Transfer Tax Exemptions Increased … Temporarily

    With the passage of the Tax Cuts and Jobs Act (Reconciliation Act of 2017) on December 19, 2017 (the Act), Congress provided increased, albeit temporary, relief to taxpayers who otherwise might be subject to federal transfer taxes (i.e., Estate, Gift and Generation-Skipping Transfer Taxes).

  • 12.20.17

    Limitation on Deduction of Executive Compensation in Excess of $1M

    The recently enacted Tax Cuts and Jobs Act substantially modifies the limitation on corporate deductibility of executive compensation under Section 162(m) of the Code.

  • 11.16.17

    SEC Provides Greater Deference to Public Company Boards

    On Nov. 1, 2017, the Securities and Exchange Commission (SEC) issued Staff Legal Bulletin No. 14I(CF), which articulates important interpretive guidance relating to shareholder proposals submitted to public companies for inclusion in proxy statements.

  • 10.07.17

    SEC Gets Tough on ICOs, Files First Fraud Case

    The Securities and Exchange Commission (the Commission) has put its digital money where its mouth is.

  • 09.19.17

    Proposed Legislation May Afford Broader Use of Regulation A

    Earlier this month, the House of Representatives approved in a landslide vote the Improving Access to Capital Act (HR 2864), which would extend the use of Regulation A, an exemption from registration under the Securities Act, to public companies.

  • 09.18.17

    DOMINICAN REPUBLIC—Update: Conditions for CDEEE-Related PPAs for Renewables

    In our August 1, 2017 Cross Border Transactions Newsletter we informed about the announcement made by the Corporación Dominicana de Empresas Eléctricas Estatales (CDEEE) regarding several new conditions included in the Power Purchase Agreements (PPAs) for wind and solar photovoltaic projects that ...

  • 09.01.17

    SEC Hyperlink Rules Are Live

    Effective September 1, 2017, the Securities and Exchange Commission’s (SEC) recently adopted rules require most companies that file public reports to include active hyperlinks to each exhibit listed in the exhibit index, as well as exhibits incorporated by reference, included in registration ...