A compilation of links to Gibson Dunn alerts regarding the COVID-19 pandemic published on April 13, 2020.
The European Securities and Markets Authority (“ESMA”) has published a public statement[1] detailing actions to mitigate fund managers’ reporting obligations. This client alert provides EU alternative fund managers (“AIFMs”), and non-EU AIFMs marketing their funds in the EU, with an overview of the impact of the public statement on the obligation to publish an annual report for the funds they manage.
As demands for goods and services—and the workers required to meet those demands—shift during the COVID-19 pandemic, employers should carefully consider the antitrust implications of any steps they might take to adjust to changing markets.
To assist clients in identifying issues they should evaluate in connection with their lease obligations in the face of the pandemic, Gibson Dunn lawyers have prepared a five-step analysis and flowchart to assist in the review and assessment of force majeure clauses in oil and gas leases.
As the COVID-19 pandemic continues, organizations around the world are grappling with the intellectual property implications associated with encouraging the rapid distribution of personal protective equipment (PPE) and the development of COVID-19 pharmaceutical treatments to help fight the virus.
On April 13, the Supreme Court announced that for the remainder of this Term, it will hear (by telephone) only 10 of the twenty cases that were previously scheduled for oral argument in March and April 2020. The remaining cases apparently “will be carried over and the arguments will be conducted early in the 2020 term.”
On March 28, 2020, the German Federal legislature’s response to the Corona crisis entered into force, introducing a varied array of far-reaching legislative measures to stabilize and support the German economy. In the sphere of corporate law, such statutory implementation measures are, in particular, contained in the Act on the Mitigation of the Consequences of the COVID-19 Pandemic in Civil, Insolvency and Criminal Procedural Law (Gesetz zur Abmilderung der Folgen der COVID-19-Pandemie im Zivil-, Insolvenz- und Strafverfahrensrecht – “COVID-19 Pandemic Mitigation Act”) and the so-called Act on the Introduction of an Economic Stabilization Fund (Wirtschaftsstabilisierungsfondsgesetz – WStFG).
A compilation of links to Gibson Dunn alerts regarding the COVID-19 pandemic published on April 14, 2020.
In this webinar recorded April 14, 2020, part of a weekly series, Gibson Dunn lawyers in London provide highlights on the latest COVID-19 related changes to UK law and government policy.
In a previous alert, we discussed the constitutional principles governing legislative responses to COVID-19 under the Takings, Contracts, Due Process, and Equal Protection Clauses of the U.S. Constitution. Here, Gibson Dunn applies those principles to proposals currently being debated in state legislatures that would provide broad residential and commercial rent and mortgage relief.
A compilation of links to Gibson Dunn alerts regarding the COVID-19 pandemic published on April 15, 2020.
Gibson Dunn lawyers in London provide a summary and compendium of English law legal developments during the current COVID-19 pandemic as of April 15, 2020.
A compilation of links to Gibson Dunn alerts regarding the COVID-19 pandemic published on April 16, 2020.
Across the country, government officials at various levels of state, federal, and local government have disagreed about how to respond to the COVID-19 pandemic. Gibson Dunn lawyers examine the implications for businesses operating in New York City of potential conflicting orders from local and state governments.
In this webinar recorded April 20, 2020, part of a weekly series, Gibson Dunn lawyers in London provide highlights on the latest COVID-19 related changes to UK law and government policy.
Gibson Dunn lawyers review the various state and local government orders in California pertaining to the COVID-19 pandemic and the associated uncertainty for businesses, as of April 20, 2020.
On March 20, 2020, New York Governor Cuomo issued his eighth executive order following his March 7th declaration of a State disaster emergency in response to the COVID-19 pandemic.
A compilation of links to Gibson Dunn alerts regarding the COVID-19 pandemic published on April 20, 2020.
The changing enforcement and risk landscape is partly a result of the quick adjustment of enforcement agencies to the “new normal” under restrictive measures stipulated through a series of ad hoc regulations that dramatically change the way businesses and their employees used to operate a few weeks ago.
Since the early stages of the coronavirus (COVID-19) pandemic, U.S. financial regulators have issued a flurry of guidance. This Alert analyzes select guidance from regulators to date on three key issues: (1) the additional planning that financial institutions should undertake going forward, (2) how financial institutions should adjust day-to-day banking operations during coronavirus, including complying with their Bank Secrecy Act/anti-money laundering (“BSA/AML”) obligations, and (3) how COVID-19 affects oversight of financial institutions, including supervisory priorities and deadlines.
A compilation of links to Gibson Dunn alerts regarding the COVID-19 pandemic published on April 21, 2020.
Gibson Dunn lawyers in London provide a summary and compendium of English law legal developments during the current COVID-19 pandemic as of April 22, 2020.
As we head into another week of the COVID-19 pandemic, we are all struggling to cope with the rapidly changing landscape. Some of us have loved ones who have gotten sick or even passed away, others have loved ones living far away, and still others have loved ones fighting on the front lines of this […]
In this client alert we summarise: (i) the announcement of details on the Coronavirus Large Business Interruption Loan Scheme (the “CLBILS”); and (ii) the announcement of a new funding scheme for innovative companies that are facing financing difficulties due to the COVID-19 pandemic (the “Innovation and Development Scheme”).
On April 20, 2020, the governors of Colorado and Georgia announced plans to begin easing the restrictions the states imposed in response to the outbreak of COVID-19.
A compilation of links to Gibson Dunn alerts regarding the COVID-19 pandemic published on April 22, 2020.
Recognizing that public companies continue to be inundated with developing disclosure and governance requirements due to the COVID-19 pandemic, Gibson Dunn has created a list of recent publications, releases, guidance, updates, and other useful resources from the SEC, PCAOB, NYSE, Nasdaq, proxy advisory firms, institutional investors, various state governors, and other relevant entities.
In light of the significant impact of COVID-19, the UK Financial Conduct Authority (FCA), like many other regulatory authorities globally, has introduced a number of temporary measures impacting financial services firms.
A compilation of links to Gibson Dunn alerts regarding the COVID-19 pandemic published on April 23, 2020.
As oil and gas companies enter the first quarterly reporting cycle in the current industry downturn, members of Gibson Dunn’s Securities Regulation and Corporate Governance, Capital Markets, Business Restructuring and Oil and Gas Practice Groups provide both practical advice and information about the latest legal developments
The rapid spread of the COVID-19 pandemic, and stringent government orders regulating the movement and gathering of people issued in response, continues to raise concerns about parties’ abilities to comply with contractual terms across a variety of industries. As discussed previously, force majeure clauses may address parties’ obligations under such circumstances. Even without force majeure clauses, depending on the circumstances parties may seek to invalidate contracts or delay performance under the common law based on COVID-19. To assist in considering such issues, we have prepared the following overview. As the analysis of the applicability of any of the doctrines below is fact-specific and fact-intensive, this overview is intended only as a starting point. We encourage you to reach out to your Gibson Dunn contact to discuss specific questions or issues that may arise.
Gibson Dunn lawyers describe the various government entities that will oversee and investigate the use of CARES Act funds.
A compilation of links to Gibson Dunn alerts regarding the COVID-19 pandemic published on April 24, 2020.
In this webinar recorded April 27, 2020, part of a weekly series, Gibson Dunn lawyers in London provide highlights on the latest COVID-19 related changes to UK law and government policy.
This briefing covers steps sponsors should consider taking when fundraising in the current environment.
As you navigate through the implications of the pandemic on your business, below is a high level list of some of the key issues to consider with respect to one or more events or consequences caused by the COVID-19 pandemic (“COVID-19 Event”) in reviewing your project agreements and financing documents.
A compilation of links to Gibson Dunn alerts regarding the COVID-19 pandemic published on April 27, 2020.
Click for PDF As part of the fight against the spread of COVID-19 and desire to effectively lift the lockdown, governments and private companies around the world are considering the use of data driven digital tools, in particular digital tracing solutions. Such tracing technology may serve multiple purposes; among the main ones are: (i) collecting mobile […]
Click for PDF Institutions around the world continue to grapple with the intellectual property implications associated with their efforts to facilitate the prevention, diagnosis, and treatment of COVID-19. In a prior alert, we discussed recent initiatives promoting the donation of intellectual property rights in connection with businesses’ efforts to combat the pandemic, such as the […]
A compilation of links to Gibson Dunn alerts regarding the COVID-19 pandemic published on April 28, 2020.
Gibson Dunn lawyers in London provide a summary and compendium of English law legal developments during the current COVID-19 pandemic as of April 29, 2020.
In the last week, as the U.S. Small Business Administration (“SBA”) prepared for additional Paycheck Protection Program (the “Program” or “PPP”) funding and began accepting—for the second time—applications from participating lenders, the SBA issued a series of new guidance materials related to Program eligibility, fund accessibility, and loan amount calculations.
Despite pressure from U.S. and non-U.S. officials to ease sanctions on Iran in response to COVID-19, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) to date has not made substantial changes to the longstanding legal authorizations for humanitarian trade. Nonetheless, OFAC has in recent weeks published unprecedented guidance for those who may find themselves facing challenges to comply with OFAC’s reporting requirements in light of the pandemic, acknowledging that some businesses may be forced to reallocate sanctions compliance resources to other functions. While this is far from the substantial changes called for by some, it nonetheless indicates OFAC’s willingness to respond to the crisis with some measure of understanding for the new realities faced by many businesses affected by the pandemic.
A compilation of links to Gibson Dunn alerts regarding the COVID-19 pandemic published on April 29, 2020.
As a result of the COVID-19 pandemic and the work-from-home restrictions throughout much of the world, the European Commission has adjusted how it deals with merger reviews.
The coronavirus pandemic (“COVID-19”) has had far-reaching implications on virtually every aspect of the global economy, and the private equity industry has faced its share of challenges.
The COVID-19 crisis and the resulting disruption to business have adversely affected many corporate entities’ financial stability and outlook. Even rock-solid, liquid companies have been jolted into a new reality, and may be evaluating options for restructuring their business.
A compilation of links to Gibson Dunn alerts regarding the COVID-19 pandemic published on April 30, 2020.
As businesses plan to resume or expand operations in a post-quarantine COVID-19 world, they face a complex, and sometimes conflicting, patchwork of public health, employment, and privacy consideration. Gibson Dunn lawyers discuss these challenges.
Click for PDF On April 9, 2020, we published an alert on the Board of Governors of the Federal Reserve System’s (“Federal Reserve”) announcement that it was creating two loan facilities, the Main Street New Loan Facility (“MSNLF”) and the Main Street Expanded Loan Facility (“MSELF”), pursuant to the Coronavirus Aid, Relief, and Economic Security […]