News & Analysis as of

Virtual Meetings Relief Measures

Manatt, Phelps & Phillips, LLP

Is California’s Open Meetings Law a ‘Long Haul’ COVID-19 Victim?

New Law Permits Local Governments to Continue to Meet Remotely Until 2024 - California’s historic open meeting law, the Ralph M. Brown Act, requires that local governments conduct their business in public meetings and...more

Franczek P.C.

Is the End Near? For Virtual Board Meetings in Illinois, It May Soon Be

Franczek P.C. on

On Friday, June 25, 2021, Governor Pritzker extended the Disaster Declaration related to COVID-19 for another 30 days. Pursuant to the declaration, public bodies may continue to hold virtual meetings in accordance with the...more

Jones Day

Australian Company & Securities Update | Issue One

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KEY LEGAL AND REGULATORY DEVELOPMENTS - Legislative and Regulatory Reform - Permanent reforms in respect of virtual meetings and electronic execution - On 19 October, the Federal Government released for...more

Pullman & Comley, LLC

Executive Order 9L Extends All CT Executive Orders Until February 2021

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On November 9, 2020, Governor Lamont issued Executive Order 9L, which extends all executive orders, agency orders and municipal orders issued in connection with the current states of emergency related to COVID-19 until...more

Hogan Lovells

Second extension of the temporary measures allowing for virtual meetings of corporate bodies

Hogan Lovells on

The law of 20 June 2020 extended the measures concerning the holding of meetings in companies and other certain legal persons without the physical presence of the participants, initially provided for in the Grand Ducal...more

Ballard Spahr LLP

DC Metro COVID-19 Legislation/Regulations Impacting Landlords, Judicial Actions, and Government Operations

Ballard Spahr LLP on

As we enter the fourth month of the COVID-19 pandemic, legislators and regulators are continuing to adapt by enacting rules for the “new normal.” Jurisdictions in the Washington, D.C., region are in various stages of...more

Lowndes

Governor DeSantis Extends Order Allowing Local Governments to Meet Remotely

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Governor Ron DeSantis has extended Executive Order 20-69, which permits local governments to conduct meetings remotely by utilizing “communications media technology, such as telephonic and video conferencing.”...more

Goodwin

Financial Services Weekly Roundup: Code Libor – SEC And OCIE Issue Risk Alert In Preparation Of Libor Discontinuation

Goodwin on

In This Issue. The Securities and Exchange Commission’s (SEC) Office of Compliance Inspections and Examinations (OCIE) issued a Risk Alert about the scope and content of examinations OCIE plans to conduct of various...more

Miller Canfield

Illinois Open Meetings Act Amended to Allow Meetings Without A Physical Quorum

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On June 12, 2020, Illinois Governor J.B. Pritzker signed into law Public Act 101-0640 which, among other matters, amends Section 7 of the Open Meetings Act to allow meetings of members of a public body subject to the Act to...more

Pullman & Comley, LLC

Nonstock Corporations Alert: Remote Membership Meetings Permitted

Pullman & Comley, LLC on

On March 21, 2020, Governor Lamont’s Executive Order 7I authorized Connecticut corporations to hold remote shareholder meetings to avoid the risks of gathering shareholders in person during the COVID-19 pandemic....more

Dickinson Wright

Ontario Government Issues Order to Temporarily Ease Shareholder and Director Meeting Requirements Due to the COVID-19 Pandemic

Dickinson Wright on

The Order - Pursuant to the Emergency Management and Civil Protection Act, the Ontario Government recently issued an order (the “Order”) that provides corporations governed by the Business Corporations Act (Ontario) (the...more

Troutman Pepper

PA Law Allows Municipal Governments to Hold Virtual Meetings for Zoning and Land Development Applications

Troutman Pepper on

On April 20, Pennsylvania Gov. Tom Wolf signed into law Act 15 of 2020 (previously SB 841), which expressly authorizes municipal governments and local agencies to hold virtual meetings during the pendency of the COVID-19...more

Woods Rogers

COVID-19 Legislative Update: Community Association Boards May Meet Virtually During State of Emergency

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On April 22, 2020, the Virginia General Assembly approved two budget amendments recommended by Governor Northam that allow boards of directors of property owners’ associations and condominium unit owners’ associations to meet...more

Miles & Stockbridge P.C.

COVID-19 and Maryland Governor's Executive Order – Virtual Stockholder Meetings

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

Woods Rogers

Community Association Board Meetings During the Time of COVID-19

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Our office has received numerous inquiries regarding whether and how boards of directors of Virginia community associations can meet the statutory requirements for open meetings and the “2-director rule” during the...more

Dechert LLP

COVID-19 Coronavirus: SEC Disclosure Obligations for Public Companies

Dechert LLP on

A public company may have an additional 45 days to file its upcoming Form 10-Q if its inability to file its Form 10-Q relates to circumstances relating to COVID-19, it files a Form 8-K summarizing why such report was not able...more

Dorsey & Whitney LLP

Disaster Suspension Continues - COVID-19 Corporate Issues in Alaska

Dorsey & Whitney LLP on

Earlier we reported that on March 19, 2020 (Effective Collaboration with Governor Nets Pragmatic Solution) the Governor of the State of Alaska temporarily suspended certain provisions of the Alaska Corporations Code AS...more

Foley Hoag LLP

Governor Baker Provides Relief to Massachusetts Public Companies by Permitting Virtual-Only Annual Meetings amid COVID-19 Pandemic

Foley Hoag LLP on

What do Massachusetts public companies need to know now? Q: WHY WAS AN EMERGENCY ORDER NECESSARY? A: Section 7.08 of the Massachusetts Business Corporation Act, or MBCA, prohibits public companies incorporated in...more

Stinson - Corporate & Securities Law Blog

SEC Updates Shareholder Meeting Guidance

As a result of the COVID-19 pandemic, SEC staff provided guidance on changing the date time and place of an annual meeting, switching to a virtual shareholder meeting and certain matters related to shareholder proposals....more

Sheppard Mullin Richter & Hampton LLP

Virtual and Hybrid Shareholder Meetings in the Era of COVID-19: What Public Companies Need to Know

With annual reports on Form 10-K publicly filed and first quarter earnings releases getting underway, proxy season – the annual practice of filing and distributing proxy statements, reserving meeting venues and courting...more

Dechert LLP

COVID-19: UK Tax Residence Risks for Offshore Funds and Related Entities – HMRC Update

Dechert LLP on

Following on from our recent OnPoint (COVID-19: UK Tax Residence Risks for Offshore Funds and Related Entities), HMRC has now published guidance on the corporate residence issues posed by COVID-19. ...more

Dechert LLP

COVID-19 Coronavirus: Meeting Together… Separately: Virtual Board and Stockholder Meeting Considerations

Dechert LLP on

Given the recent recommendations for social distancing in connection with COVID-19 as well as stay-at-home orders that have been implemented in most states, many public companies, including business development companies...more

Skadden, Arps, Slate, Meagher & Flom LLP

SEC COVID-19 Relief for Registered Funds and BDCs: A Summary

In recent weeks, the U.S. Securities and Exchange Commission (SEC) and market participants have dealt with the current and potential impact of the novel coronavirus COVID-19 pandemic. To help market participants remain in...more

Mintz - Securities & Capital Markets...

Delaware Governor Issues Order Clarifying Notice Requirements for Virtual-Only Shareholder Meetings due to COVID-19

On March 13th, the SEC’s Division of Corporation Finance issued guidance allowing companies who had already filed proxy statements to switch to virtual-only meeting formats due to COVID-19 without mailing additional proxy...more

Mintz - ML Strategies

COVID-19 Insights Week In Review — April 8, 2020

Mintz - ML Strategies on

As the coronavirus pandemic spreads across the nation, your team at ML Strategies continues to monitor legislative and regulatory updates at the federal and state level. Each week, ML Strategies will provide weekly updates...more

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