Corporate and Financial Weekly Digest - June 7, 2013


In this issue:

- SEC Issues FAQs on Conflict Minerals and Payments by Resource Extraction Issuers

- Delaware Chancery Court Applies Business Judgment Rule to Going Private Transaction with Controlling Stockholder

- CBOE Reminds Trading Permit Holders to Notify Exchange of Disciplinary Actions

- CFTC Staff Issues New and Extends Current No-Action Relief

- SEC Money Market Reform

- Delaware Court of Chancery Finds Exculpation Clause Does Not Bar Concealment Claim

- Delaware Supreme Court Upholds Good Faith Presumption in Limited Partnership Agreement

- Federal Reserve Equalizes Treatment of Foreign Banks Under Dodd-Frank Push Out Rules

- Excerpt from Federal Reserve Equalizes Treatment of Foreign Banks Under Dodd-Frank Push Out Rules:

On June 5, 2013, the Federal Reserve Board approved an interim final rule designed to give uninsured US branches and agencies of foreign banks the same treatment as domestic depository institutions under section 716 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. That section of Dodd-Frank generally prohibits the provision of certain types of federal assistance, such as discount window lending and deposit insurance, to banks that are swap dealers unless they “push out” or limit their swap activities in approved ways.

Please see full newsletter below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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