On December 11, 2025, President Donald J. Trump issued an executive order directing certain government agencies and departments to review all rules, regulations, and other publications relating to proxy advisors, specifically…
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/ Antitrust & Trade Regulation, Business Organizations, Finance & Banking, Labor & Employment Law, Securities Law
On December 15, 2025, the Nasdaq Stock Market LLC (Nasdaq) filed a proposal with the Securities and Exchange Commission (SEC) to amend the exchange’s rules to allow equity securities and exchange traded products (ETPs) to trade…
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/ Business Organizations, Finance & Banking, International Law & Trade, Securities Law
In a recent statement issued by the SEC on January 16, 2026, Chairman Atkins discussed his views on SEC disclosure reform. During the John L. Weinberg Center for Corporate Governance’s 25th Anniversary Gala, back on October 9,…
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/ Administrative Law, Business Organizations, Finance & Banking, Securities Law
Total secondaries market volume rose 48% in 2025, adding to the 45% increase reported for 2024, according to the Jefferies Global Secondary Market Review published earlier this week. Notably, LP volume reached a record $125…
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/ Finance & Banking, Securities Law
Introduction - Simple subscription lines in Europe do not typically come with an intercreditor agreement (an ICA). Keeping the fund at the top of the structure “clean” with very restricted permitted financial indebtedness…
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/ Commercial Law & Contracts, Finance & Banking
In recognition of National Mentoring Month, Cadwalader hosted a panel on how to build more meaningful and productive mentoring relationships. The session explored how both mentors and mentees can strengthen their connections…
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/ Labor & Employment Law, Law Practice Products & Services
On December 19, 2025, the Delaware Supreme Court overturned the rescission of Elon Musk’s 2018 Tesla compensation grant and instead awarded nominal damages and substantially reduced attorneys’ fees. The case stemmed from a…
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/ Business Organizations, Civil Procedure, Civil Remedies, Securities Law
On January 20, 2026, in an en banc ruling, the Delaware Supreme Court unanimously reversed and vacated the Court of Chancery’s 2024 decision invalidating provisions of Moelis & Co.’s stockholder agreement. The Court expressly…
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/ Business Organizations, Civil Procedure, Commercial Law & Contracts, Securities Law
Effective December 24, 2025, the United States Postal Service (“USPS”) finalized new regulations governing postmarks “clarifying” that postmarks are not necessarily indicative of the date an item was mailed or received by the…
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/ Administrative Law, Taxation
In HMRC v Hotel La Tour Ltd [2025] UKSC 46 (“Hotel La Tour Ltd”), the UK Supreme Court considered whether a holding company was entitled to recover input Value Added Tax (“VAT”) on professional fees incurred in connection with…
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/ Business Organizations, Commercial Law & Contracts, Mergers & Acquisitions, Taxation
In Wells Fargo Bank, N.A. v. Mitselmakher et. al., the Supreme Court of New York, Richmond County held that Wells Fargo Bank (“Plaintiff”) had standing to foreclose and demonstrated through admissible business records that its…
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/ Commercial Law & Contracts, Finance & Banking, Real Estate - Commercial, Real Estate - Residential
In remarks delivered on January 16, 2026, to the American Bar Association Banking Law Committee meeting in Washington, DC, Comptroller of the Currency Jonathan Gould offered a strong critique of the current U.S. bank resolution…
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/ Administrative Law, Finance & Banking
On 23 January 2026, the UK’s Financial Conduct Authority (FCA) published Consultation Paper 26/4 (the CP) on remaining aspects as to how cryptoasset firms will be required to follow FCA Handbook requirements once they are…
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/ Consumer Protection, Finance & Banking, Securities Law
Late in 2025, Treasury and the IRS released a guidance package under Section 892 of the Internal Revenue Code, which exempts foreign governments—including sovereign wealth funds—from tax on certain income derived from passive…
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/ Commercial Law & Contracts, Finance & Banking, International Law & Trade, Securities Law, Taxation
It’s a new year, and cryptocurrency taxation is again the talk of the Hill. At the end of 2025, Congressmen Steven Horsford (D-NV) and Max Miller (R-OH) introduced a bipartisan discussion draft (the “Discussion Draft”) with…
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/ Finance & Banking, Science, Computers, & Technology, Taxation
