On June 8, 2021, the Senate passed the U.S. Innovation and Competition Act (“USICA”), an expansive, $250 billion bill, aimed at maintaining America’s position as a global science, technology, and manufacturing leader....more
On 17 June 2021, the U.S. Supreme Court delivered its opinion in Nestlé USA, Inc. v Doe, 593 U.S. ___ (2021). The suit was brought by a group of citizens from Mali under the U.S. Alien Tort Statute (“ATS”), alleging that...more
On May 17, 2021, the U.S. Supreme Court in BP P.L.C. v. Mayor and City Council of Baltimore granted energy companies an important victory with the potential to stymie the almost two dozen climate change-related cases pending...more
In a significant victory for fossil fuel companies, on April 1, 2021, the Second Circuit Court of Appeals affirmed the dismissal of New York City’s claims against five multinational oil companies, holding that municipalities...more
The pandemic has justifiably renewed concerns about the fragility of the CMBS market and the possibility of a new, commercial, mortgage crisis. While government support, fiscal stimulus and short-term debt relief have...more
In tandem with investor pressure and regulation requiring ESG disclosures, such as the EU’s Sustainable Finance Disclosure Regulation, the UK’s Modern Slavery Act, and France’s Duty of Vigilance, the last decade or so has...more
On January 25, 2021, President Biden vowed to replace the U.S. Government’s entire fleet of cars, trucks, and SUVs with electric vehicles assembled in the United States. He made this declaration while signing an Executive...more
Incoming President-elect Biden climate change agenda will likely reach the Securities and Exchange Commission (SEC), which—under a new Chairperson— is expected to establish new disclosure requirements for publicly traded...more