Bankruptcy and Distressed Debt Exchanges: 2008 Financial Crisis to COVID-19

Oct 19, 2020

Maya Kapelnikova

On June 8, 2020, the National Bureau of Economic Research announced that the United States economy officially entered a recession in February 2020. This is the first recession the United States has experienced since the Great Recession of 2007-2009, and it is regarded as the world’s worst economic crisis since the Great Depression of the 1930s. 

NYSE Rule Update: Companies Can Now Raise Capital Via a Direct Listing and Escape Section 11 Liability

Sep 28, 2020

Paula Zampietro

On August 26^th, the Securities and Exchange Commission approved a New York Stock Exchange proposal allowing issuers to raise capital via direct listings. This ruling substantially expands the potential use and relevancy of direct listings and allows issuers to avoid Section 11 liability in a securities issuance, circumventing investor protections.

Does CFTC’s Initial Margin Requirement for Inter-affiliate Uncleared Derivatives Transactions Disadvantage U.S. Banking Organizations?

May 6, 2020

In September 2019, the Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Farm Credit Administration, and Federal Housing Finance Agency proposed rules amending current swap margin requirements for covered swap entities (“CSE”), and have since gathered comments from industry stakeholders.