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US Covered Bonds – Senate Introduces Legislation to Encourage Market Development
15 November 2011
Publication
On November 9, 2011, Senator Kay Hagan (D-NC) and Senator Bob Corker (R-TN) and co-sponsors Chuck Schumer (D-NY) and Mike Crapo (R-ID) introduced the "The United States Covered Bond Act" to the United States Senate. The bi-partisan Senate bill is intended...
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Impact of US Treasury's Special Measures Against Iranian Financial Sector and State Department's Designations on Non-US Banks
22 November 2011
Publication
Last night, the Obama Administration unveiled additional sanctions measures directed at deterring transactions between non-US persons and Iran, including through additional restrictions on US correspondent banking activity and expanded authority to retaliate...
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Employee Benefits & Executive Compensation Newsletter (Winter Edition)
26 January 2011
Publication
Welcome to Clifford Chance’s Employee Benefits & Executive Compensation Newsletter. In the Winter Edition, we outline some important and proposed changes in the benefits and executive compensation area.
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Court of Appeals Releases Omnicare Decision Upholding Pre-Transaction Information Exchange
12 January 2011
Publication
The U.S. Court of Appeals for the Seventh Circuit has become the first Court of Appeals to address information exchanges in the pre-transaction context. In the long-awaited Omnicare, Inc. v. UnitedHealth Group, Inc., the Seventh Circuit examined, among other topics,...
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Consumer Goods and Retail Industry Competition Bulletin - January 2011
25 January 2011
Publication
Headlines in this issue:
HOT TOPICS
EU: Commission adopts new guidelines for cooperation between competitors.
SUPERMARKETS/GROCERIES RETAILING
France: Competition Authority recommends action to address food retail concentration.
Germany: EDEKA/trinkgut...
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SEC Finalizes Rules On Say-on-Pay, Say-When-On-Pay and Say-On-Golden Parachutes Votes Under Dodd-Frank
4 February 2011
Publication
On January 25, 2011, the Securities and Exchange Commission ("SEC") adopted final rules to implement the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Act") that require shareholder advisory votes on certain...
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U.S. Agencies Issue Proposed Rule to Implement the Incentive-Based Compensation Requirement under Dodd-Frank
18 February 2011
Publication
The Office of the Comptroller of the Currency, Treasury; Board of Governors of the Federal Reserve System; Federal Deposit Insurance Corporation; Office of Thrift Supervision, Treasury; National Credit Union Administration ("NCUA"); U.S. Securities and...
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First Lien Lenders Beware: Drafting Points to Consider
4 February 2011
Publication
Intercreditor agreements are intended to prevent shared collateral from becoming a battleground in a distressed credit restructuring or bankruptcy. Creditor groups benefit by defining their relationship with each other before, rather than after, a debtor encounters...
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The IRS Releases Proposed Regulations Regarding Taxation of Investments by Foreign Governments
11 November 2011
Publication
On November 2, 2011, the Internal Revenue Service ("IRS") released a set of proposed regulations (the "Regulations") under Section 892 of the Internal Revenue Code ("Section 892"), which exempts certain investment income earned by...
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FTC v. Lundbeck: Alternative Drugs Used To Treat Same Condition Not Necessarily In Same Antitrust Relevant Product Market
26 August 2011
Publication
The United States Court of Appeals for the Eighth Circuit recently affirmed a lower court decision finding that two drugs were not necessarily in the same relevant product market for antitrust purposes, even though the drugs were two alternatives used to treat...
