简介
视点
April 26, 2024
视点
April 24, 2024
On April 23, 2024, the Federal Trade Commission (“FTC”) issued the Non-Compete Clause Rule (“Final Rule”).[1] Under the Final Rule, after the effective date (120 days from publication in the Federal Register), almost all post-employment non-compete clauses covering workers will be considered an “unfair method of competition” that violates the FTC Act. These clauses effectively will be banned on a nationwide basis.
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April 22, 2024
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April 15, 2024
On April 3, 2024, the Department of Labor (DOL) released its final rule amending Prohibited Transaction Exemption 84-14 (PTE 84-14). PTE 84-14 exempts from ERISA’s prohibited transaction rules certain transactions between parties in interest and plans managed by a Qualified Professional Asset Manager (QPAM) when the conditions of the exemption are met.[1] The final rule (1) expands the type of conduct that will render a QPAM ineligible to rely on the exemption, (2) provides for a transition period in which to cease conducting transactions that are no longer exempt if a QPAM becomes ineligible for the exemption, (3) requires that QPAMs register with the DOL and (4) increases certain AUM and equity thresholds necessary for QPAM qualification. The final rule also attempts to provide clarity as to the extent to which a QPAM must be involved in a transaction in order to take advantage of the exemption and adds certain recordkeeping requirements.
视点
April 09, 2024
Welcome to the first 2024 edition of Shearman & Sterling’s Fifth Circuit Securities Litigation Quarterly.
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April 05, 2024
Shearman & Sterling partners Michael Chernick, Sara Coelho, Kevin Heverin and Shameer Shah, and associate Magnus Wieslander, have authored an article in the latest edition of Butterworths Journal of International Banking and Financial Law (JIBFL).
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March 21, 2024
On March 6, 2024, almost two years after its originally proposed rules, the Securities and Exchange Commission (SEC) adopted final rules relating to the enhancement and standardization of climate-related disclosures. While the final rules still represent a sweeping overhaul of current disclosure requirements and will substantially expand the reporting obligations for public companies, the SEC scaled back some of the most onerous proposals, eliminating Scope 3 greenhouse gas (GHG) emissions disclosures entirely, scaling back attestation requirements, eliminating the requirement to disclose director expertise, narrowing the financial statement disclosures, and further scaling disclosures benefitting smaller reporting companies, as well as adding materiality qualifiers throughout.
视点
March 18, 2024
In an interview with Hydrogen Economist, Of Counsel Etienne Gelencsér discussed Japanese firms’ interest in Southeast Asia’s hydrogen potential.
视点
March 18, 2024
On March 15, 2024, following weeks of political wrangling, the Corporate Sustainability Due Diligence Directive (CS3D) was endorsed by the EU Council. The make-or-break vote was the last opportunity for the CS3D to be adopted in its current form before the June 2024 European parliamentary elections.
视点
March 18, 2024
本所亚洲区主管合伙人兼大中华区主管合伙人陈新 (Lorna Chen) 与合伙人李晟灏 (Anil Motwani) 、律师傅培(Frank Fu)和林金蜜(Evelyne Lin)受邀为《HKVCA期刊》第10期撰写了《ESG Regulatory Trend: Visions of a Unitary Regime》一文。该文探讨了ESG监管领域近期的热门主题,并分析其对于市场从业者在制度性ESG文化发展和长期合规计划决策方面的影响。