Germany Adopts New Prudential Rules for High-Frequency Trading
Cleary Gottlieb Steen & Hamilton
On May 15, 2013, the German Act on the Prevention of Risks Related to, and the Abuse of, High-Frequency Trading (Gesetz zur Vermeidung von Gefahren und Missbräuchen im Hochfrequenzhandel) entered...
May 16, 2013
Traps to Consider: Delaware’s Merger Statute and Ratification Amendments
Cleary Gottlieb Steen & Hamilton
Amendments to the Delaware General Corporation Law are now formally before the legislature. Two provisions – one relating to defective corporate authorizations and the other to mergers – will be of...
May 16, 2013
COMESA Issues Draft Guidelines on Merger Review and Other Issues
Cleary Gottlieb Steen & Hamilton
On April 9, 2013, the COMESA Competition Commission published draft merger assessment guidelines, as well as four further sets of draft guidelines concerning market definition, the application of...
May 7, 2013
Exit Consents in Restructurings – Still a Viable Option?
Cleary Gottlieb Steen & Hamilton
The decision of the English High Court in the Assénagon case created significant uncertainty about the legality of coercive exit consents (‘covenant strips’) under English law. It was expected that...
May 1, 2013
Key Takeaways from Regulatory Guidance to First-Round Filers of U.S. Resolution Plans
Cleary Gottlieb Steen & Hamilton
On April 15, 2013, the Federal Reserve Board and the Federal Deposit Insurance Corporation released long-awaited guidance on the 2013 Dodd-Frank Section 165(d) resolution plan submissions for...
April 23, 2013
European Commission Proposes to Modernize Trade Defense Instruments in the EU
Cleary Gottlieb Steen & Hamilton
On April 10, 2013, the European Commission published an important information and consultation package on draft measures intended to reform the EU’s current trade defense instruments.
April 22, 2013
Supreme Court Sharply Limits Claims Under the Alien Tort Statute
Cleary Gottlieb Steen & Hamilton
In April 17th decision in Kiobel v. Royal Dutch Petroleum, the Supreme Court limited the availability of the Alien Tort Statute (“ATS”) to bring claims in the United States. The ATS provides...
April 19, 2013
Loan Agreements Executed Abroad Are Subject to a 0.25% Tax
Cleary Gottlieb Steen & Hamilton
The Italian tax authorities recently issued new guidance on the application of a 0.25% transactional tax which is now deemed applicable also to medium and long term loan agreements executed abroad....
April 18, 2013
MOFCOM Solicits Comments on Draft Rules Regarding “Simple” Transactions
Cleary Gottlieb Steen & Hamilton
On April 3, 2013, China’s Ministry of Commerce published for public comment draft rules regarding the definition of a “simple” concentration for the purposes of its merger control regime under the...
April 16, 2013
Regulation FD in the Social Media Age
Cleary Gottlieb Steen & Hamilton
The SEC staff’s issuance last year of a “Wells Notice” to Netflix and its CEO alleging a violation of Regulation FD based on a personal Facebook posting by the CEO called into question how the SEC...
April 11, 2013

Pages