Legal Alerts

  1. SEC Votes to Adopt Regulation AB II, Rules Regarding Third-Party Due Diligence Reports in Connection with Offerings of Asset-Backed Securities

    Aug. 27, 2014 On August 27, 2014, the Securities and Exchange Commission (the “SEC”) voted 5-0 to adopt the long-awaited comprehensive amendments to Regulation AB and other rules affecting the offering process for asset-backed securities, commonly known as “Regulation AB II.” At the same meeti... more >
  2. AAA Launches New Consumer Arbitration Rules on Sept. 1, 2014

    Aug. 25, 2014 The American Arbitration Association (“AAA”) is launching its new Consumer Arbitration Rules (“Consumer Rules”), effective Sept. 1, 2014. This is the AAA’s first stand-alone set of rules developed specifically for consumer arbitration. The new Consumer Rules will replace the Cons... more >
  3. Second Circuit Defines ‘Customer’ Under FINRA Arbitration Rules

    Aug. 15, 2014 The U.S. Court of Appeals for the Second Circuit has provided a measure of clarity in limiting the definition of a “customer” who may bring a FINRA arbitration under FINRA Rule 12200. The decision is significant for those member firms that provide a broad array of financial servi... more >
  4. Ninth Circuit Questions De Minimis CERCLA Settlement and Deference to State

    Aug. 13, 2014 The Ninth Circuit’s recent decision in Arizona v. Tucson rebuked a district court’s rubber-stamp approval of several consent decrees under the Comprehensive Environmental Response Compensation and Liability Act (CERCLA). The district court failed to adequately scrutinize the decr... more >
  5. Anti-Money Laundering Customer Due Diligence

    Aug. 8, 2014 On July 30, 2014, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued proposed regulations seeking to clarify and strengthen the customer due diligence obligations of certain types of financial institutions aimed at preventing money launderi... more >
  6. Delay of the Effective Date to the Amendments to the Article 63 Exemption

    Aug. 5, 2014 This Client Alert is an update to our client dated May 20, 2014 with respect to the proposed amendments (“Proposed Amendments”) to the regulations with respect to the “Special Business Activities for Qualified Institutional Investors” (the “Article 63 Exemption”) as set forth und... more >
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