Finance & Banking Updates – May 21, 2012

by King & Spalding on 5/18/2012

On May 15, 2012, the United States Court of Appeals for the Eleventh Circuit issued an opinion in the TOUSA, Inc. (“TOUSA”) chapter 11 bankruptcy cases reinstating a $480 million fraudulent transfer judgment previously...more

by Patton Boggs LLP on 5/18/2012

On April 27, 2012, the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) released their joint final rule defining “Swap Dealer”, “Security-Based Swap Dealer”, “Major Swap Participant”,...more

by Katten Muchin Rosenman LLP on 5/18/2012

In this issue: - SEC Implements Secure E-mail System for Confidential Submissions - Seventh Circuit Court of Appeals Rejects Argument That Wisconsin Corporate Law is Part of Articles of Incorporation - District...more

by Fraser Milner Casgrain LLP on 5/18/2012

On April 30, 2012, the Canadian Securities Administrators (the “CSA”) announced the official designation of DBRS Limited, Fitch, Inc., Moody’s Canada Inc. and Standard & Poor’s Rating Services (Canada) as Designated Rating...more

by Saul Ewing LLP on 5/18/2012

In This Issue: - Reinsurer’s Obligation to Provide Coverage to Reinsured Not Contingent Upon Exhaustion of Limits of Primary Policy In granting an insurer’s motion for judgment on the pleadings, the United States...more

by Dechert LLP on 5/18/2012

In This Issue: - p1 Russia Finally Establishes a Central Securities Depository Increasing Transparency in the Russian Securities Market - p3 Enforcement Procedure for Pledged Property Modified - p4 Investment...more

by Saul Ewing LLP on 5/18/2012

On May 17, 2012, the Public Pension Disclosure Task Force, convened by the National Association of Bond Lawyers, released its report which offers guidance for municipal bond issuers (and those who assist such issuers) in...more

by Manatt, Phelps & Phillips, LLP on 5/18/2012

In an effort to clarify the supervisory expectations for stress testing of banking organizations, the Federal Reserve Board, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency jointly...more