Ahead of the planned July fiscal stimulus in which the Chancellor is set to announce some limited measures, BCLP has summarised predictions for energy, environment & infrastructure. Infrastructure tonic – the UK needs to...more
Among the many previously hypothetical concerns for companies that became actualized, or threatened to become actualized, during the height of the COVID-19 pandemic was the prospect of multiple members of the board or senior...more
In April 2020, Massachusetts enacted emergency legislation that eases certain corporate governance requirements for the duration of the Commonwealth’s state of emergency, declared by the Governor on March 10, 2020, and for 60...more
On April 14, 2020, Maryland Governor Larry Hogan issued Executive Order 20-04-14-02 intended to provide publicly traded Maryland corporations and real estate investment trusts with greater flexibility in holding stockholder...more
COVID-19 RELATED DEVELOPMENTS - SPECIAL REGULATORY UPDATE - SEC Updates Investment Company Act Exemptive Order in Response to COVID-19 - On March 25, 2020, the Securities and Exchange Commission (“SEC”) issued an...more
In the latest proclamation concerning the ongoing State Public Health Emergency Declaration, Governor Reynolds included an order expressly permitting Iowa business corporations, cooperatives, and certain other identified...more
On 17 March 2020, the FCA published a new webpage providing information on its expectations of firms’ response to the coronavirus. It will update the webpage over the coming weeks and expects to adapt its guidance...more
On March 10, 2020, the New York State Department of Financial Services (NYSDFS), which regulates a variety of financial service entities such as banks, credit unions, check cashers, insurance companies, mortgage brokers,...more
On March 19, Dorsey attorneys successfully obtained an emergency order from the Governor of the State of Alaska, which temporarily suspends certain state laws during the coronavirus public health crisis, and allows all Alaska...more
Our world is changing on a daily – if not hourly – basis, as we deal with unprecedented challenges brought on by the COVID-19 pandemic. This Q&A provides public companies with U.S. securities laws and corporate governance...more
On March 25, the SEC issued CF Disclosure Guidance Topic No. 9 that provides the Division of Corporation Finance’s current views regarding disclosure and other securities law obligations that companies should consider with...more
The London Stock Exchange has published Inside AIM on temporary measures to support AIM companies and nominated advisers (nomads) through the current challenges. It has also written to nomads on the publication of prelims,...more
The Securities and Exchange Commission has extended an earlier order, so that subject to certain conditions that we reported on here, public companies may have an additional 45 days from the original due date to file their...more
Q&A for listed companies and high yield issuers navigating capital markets implications, with reference to the AMF’s recommendations and best practices. Listed Companies’ General Meetings During Confinement - Q: How...more
As more annual meetings may be held virtually this year, and many board meetings are being held telephonically due to social distancing or travel restrictions caused by COVID-19, working remotely has created a number of...more
Part 1 of a weekly series detailing approaches that Independent Board Members are utilizing to address Coronavirus-related matters and highlighting emerging issues. As veterans of the asset management industry — having...more
Last week, I wrote about legislation enacted in 2013 allowing the bylaws to contain "any provision, not in conflict with the articles, to manage and conduct the ordinary business affairs of the corporation effective only in...more
As efforts to contain the spread of COVID-19 gain steam, companies may consider whether to hold a virtual annual meeting rather than a traditional in-person meeting. To that end, the SEC staff has offered public companies...more
El Real Decreto-Ley contiene medidas en materia laboral, fiscal, concursal, mercantil, y financiera, entre otras. Tras el decreto del estado de alarma aprobado por el Gobierno de España el pasado 14 de marzo para la...more
Il Decreto Cura Italia proroga il termine per la convocazione dell’assemblea ordinaria di approvazione del bilancio e agevola la partecipazione degli azionisti con mezzi alternativi all’intervento di persona. Il Decreto...more
Como parte de las medidas de contingencia que vienen adoptando las diferentes entidades en Colombia, el Ministerio de Trabajo, la Dirección de Impuestos y Aduanas Nacionales (DIAN) y la Superintendencia de Sociedades hicieron...more
The Cura Italia Decree extends the annual meeting season for private and public companies, and provides for remote attendance options. Law Decree no. 18 of 17 March 2020 provides a contingency package of extraordinary...more
On March 13, 2020, the SEC issued an exemptive order under the Investment Company Act of 1940 (the “1940 Act” and the “1940 Act Order”) providing relief for registered management investment companies and business development...more
In Zeiten des grassierenden Corona-Virus müssen insbesondere börsennotierte Gesellschaften im Hinblick auf ihre anstehende ordentliche Hauptversammlung 2020 reagieren....more
During the spread of COVID-19, listed companies must prepare for their upcoming annual general meeting in 2020. Key Points: ..The annual general meeting (AGM) of a listed company must generally take place within the first...more