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Mandatory compliance nears for remaining Section 13 reporting requirements - SEC Update

The last two mandatory compliance dates under the SEC’s amendments to Exchange Act Regulation 13D-G adopted in October 2023 are fast approaching. We discussed the amendments in our SEC Update available here. Beginning on...more

SEC proposes rules to prevent fraud and promote transparency in the use of credit default swaps and other security-based swaps

Some investors have used credit default swaps in recent years to manufacture credit events and for other purposes related to activist conduct. In response to criticisms of these practices and in particular to a perception...more

Understanding the SEC’s new security-based swap dealer regulations - What should commercial end users, funds, and other financial...

This client alert addresses three aspects of security-based swap (SBS) regulations recently issued by the Securities Exchange Commission (SEC) that are relevant to commercial end users, funds, and other financial end users:...more

"The Net Short": U.S. and European High-Yield Covenant Trends in Response to Net Short Activism

On February 15, 2019, the U.S. District Court for the Southern District of New York issued its ruling in the case of Aurelius Capital Master, Ltd. (“Aurelius”) against Windstream Services, LLC (“Windstream”). The origins of...more

A look at the regulators that could and should regulate cryptocurrencies in the United States

Bitcoin and other digital assets were conceived as radical, decentralized currencies that would operate independently, outside of traditional banking systems and unencumbered by regulations....more

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