In the wake of the coronavirus (COVID-19) pandemic the Financial Conduct Authority (FCA) has issued various statements emphasising the importance of business continuity arrangements for UK authorised firms. Responding appropriately to the unprecedented disruption caused by the coronavirus crisis poses significant challenges for senior managers. In this note, we focus


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The business and financial fallout of the coronavirus pandemic is hitting companies in all areas of the U.S. economy, and weighing on those from industry giants to small local businesses. For many businesses, survival will depend on accessing one or more of the numerous support programs announced by the Federal
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This deck sets out what companies need to know about the CARES Act, including the SBA’s Paycheck Protection Program, and other Federal Reserve programs. Banking organizations might be interested too, to better understand what their customers are able to access under these programs.

We will update this deck at the 
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The novel coronavirus (COVID-19) pandemic has had, and will continue to have, a significant impact on the global economy, businesses and individuals. This memorandum summarizes the ways in which we have seen COVID-19 impact the environmental, health and safety aspects of transactions, including with respect to due diligence, financing, and
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Today the Pre-Emption Group (“PEG”) announced its expectations with regard to issuers complying with the Pre-Emption Group Principles in light of the unparalleled economic situation caused by the coronavirus (COVID-19) pandemic.  In order to help companies raise capital quickly in these difficult circumstances, PEG has recommended that, until 30 September
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The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law on March 27, 2020 and, as part of its broad financial assistance and economic relief provisions, contains sweeping changes intended to provide tax relief for individuals and businesses. This Client Memorandum highlights recently expanded Treasury guidance


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As legal and governance officers continue to field urgent questions over the fallout from the COVID-19 pandemic, we’ve added several more items to our memo summarizing our thinking on topics currently under discussion with public company clients. New topics include D&O insurance, M&A defense and drawing on your revolver. Because the judgments involved in addressing these topics are often nuanced, we welcome the opportunity to discuss your concerns directly. Please reach out to any of the lawyers listed in the sidebar or your usual Davis Polk contact.

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As part of its coronavirus (COVID-19) relief efforts, on March 27, 2020, the Treasury Department issued a notice granting relief to all taxpayers who have Federal Gift (and Generation-Skipping Transfer) Tax returns and payments due on April 15, 2020 (Notice 2020-20). Under this relief, the April 15, 2020 deadline is
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Effective today, the FTC and DOJ will resume processing requests for early termination of the HSR Act waiting period.

In light of the success of the first two weeks of the temporary e-filing program, the FTC and DOJ have announced they will return to processing requests for early termination when
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With the end of the first quarter upon us, we’ve put together some practical tips and recommendations for those working on public company first quarter reporting in light of the impact of, and challenges posed by, the coronavirus (COVID-19) pandemic.

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Glass Lewis (GL) shared last Thursday more of its perspective and outlook of the effect that the coronavirus (COVID-19) pandemic may have on corporate governance for the 2020 proxy season. GL explains that it is issuing further updates because “it is important to provide the market with certainty and transparency
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