New York’s Green Amendment: How Guidance from Other States Can Shape the...
Key Takeaways Likened by some to motherhood and apple pie, the Environmental Rights Amendment was adopted by New York with a resounding “Yes” on November 2, 2021, with approximately 68% of voters...
View ArticleEuropean Commission’s Proposed Regulation on Artificial Intelligence:...
Introduction - The European Commission (EC) on April 21, 2021, proposed a regulation establishing a framework and rules (Proposed Regulation) for “trustworthy” Artificial Intelligence (AI) systems.
View ArticleCryptocurrency Stakeholders Should Prepare for Increased Tax Enforcement
As we recently noted in our OnPoint dated October 20, 2021, the rise in interest from retail and institutional investors in the cryptocurrency market has attracted increased regulatory and enforcement...
View ArticleDechert Cyber Bits - Issue 3
We are delighted by the positive feedback we have received on our first two issues of Dechert Cyber Bits. Thank you for taking the time to send us your comments. In this issue of Cyber Bits, we...
View ArticleGender Equality Focused Bonds – Using Global Debt Capital Markets to Bridge...
In line with its focus on transitioning to a sustainable global economy through scaling up the financing of investments that provide environmental and social benefits, on 16 November 2021 the...
View Article“Hashing” It Out: Federal Jury Decides Some Cryptocurrency Products are not...
Whether a cryptocurrency product is a security is an issue with serious regulatory consequences. In recent years, the Securities and Exchange Commission (“SEC”) has taken a broad position that various...
View ArticleInternational Capital Markets Newsletter - Winter 2021: New Nasdaq Board...
On 6 August 2021, the U.S. Securities and Exchange Commission (the “SEC”) approved The Nasdaq Stock Market LLC’s (“Nasdaq”) proposal to adopt listing rules 5605(f) and 5606 related to enhancing board...
View ArticleConditional Fee Arrangements Likely Soon to be Allowed in Singapore and Hong...
Presently, Singapore and Hong Kong law prohibits lawyers from entering into outcome-related fee arrangements with their clients because of the common law rule against maintenance and champerty. The...
View ArticleFDA Requires “Patient-Decision Checklists” for Breast Implants: What Could...
After two years of consideration, the FDA has restricted the sale of breast implants to healthcare providers that use an FDA-approved patient-decision checklist to discuss the benefits and risks of...
View Article2021 Golden Turkeys
Welcome, dear reader, to our annual Golden Turkey Awards. But for my commitment to absolute fairness and concern over the appearance of impropriety, I would have awarded the first Golden Turkey Award...
View ArticleNew Singapore Listing Rules for SPACs
The Singapore Exchange (“SGX”) recently finalized its listing rules for special purpose acquisition companies (“SPACs”) on the Mainboard of the SGX. Sponsors contemplating a SPAC listing may now...
View ArticlePresident’s Working Group on Financial Markets Issues Report on Stablecoins
The President’s Working Group on Financial Markets (PWG), joined by the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency (OCC), released a Report on Stablecoins...
View ArticleInternational Capital Markets Newsletter - Winter 2021: HKEx introduced new...
On 6 July 2021, the Hong Kong Exchanges and Clearing Limited (the “HKEx”) published its conclusions in response to its concept paper on the introduction of a new IPO settlement platform – Fast...
View ArticleTakeover Panel Bulletin in Relation to Irrevocable Commitments and Letters of...
On 17 November 2021, the Takeover Panel (the “Panel”) published Panel Bulletin 3 (the “Bulletin”) relating to the requirements of Rule 2.10(c) of the Takeover Code (the “Code”). Under Rule 2.10(c), a...
View ArticleInternational Capital Markets Newsletter - Winter 2021: Introduction to...
The Indonesia Stock Exchange (“IDX”) lists an average of 30 companies per year, but this number is increasing, with 30 companies having already listed by September 2021. The IDX is an important player...
View ArticleNew Chinese Anti-Bribery Guideline Calls for Blacklisting and Expulsion of...
Introduction - China’s top anti-corruption watchdogs recently released a new anti-bribery Guideline designed to focus on multi-national corporations and individuals that pay bribes in China, as...
View ArticleA Transfer By Any Other Name? EDPB Issues Draft Guidelines to Clarify GDPR...
On November 19 the European Data Protection Board (EDPB) published draft guidelines on the interplay between Article 3 of the GDPR (which establishes the GDPR’s territorial scope), and the GDPR’s...
View ArticleAIFMD – the EU Commission publishes its proposals for reform of the AIFMD
On 25 November 2021, the European Commission (the Commission) adopted a package of measures aimed to deliver on several key commitments in the 2020 Capital Markets Union (CMU) action plan. The package...
View ArticleUpdated German Regulations on Occupational Safety due to Increase of COVID-19...
Due to a significant increase in Covid-19 infections over the past weeks, the German legislator updated and extended the applicable occupational safety regulations in connection with the pandemic.
View ArticleApplication of RTS under the SFDR – further delayed to 1 January 2023
In a letter dated 25 November 2021, the European Commission’s Director-General for Financial Stability, Financial Services and Capital Markets Union (the Director-General) confirmed that the date of...
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