Client Alert - Gibson Dunn

Client Alert

SEC Proposes Rules on Insider Trading, Rule 10b5-1 and Share Repurchases

On December 15, 2021, the Securities and Exchange Commission (“SEC” or “Commission”) held a virtual open meeting where it considered four rule proposals, including two that are particularly pertinent to all public companies: (i) amendments regarding Rule 10b5-1 insider trading plans and related disclosures and (ii) new share repurchase disclosures rules.

December 23, 2021

Gibson Dunn | Europe | Data Protection – December 2021

Gibson Dunn lawyers provide a look at personal data and other privacy-related legal developments across Europe for December 2021.

December 22, 2021

The Humanitarian Crisis in Afghanistan: Update & Overview of Gibson Dunn’s Recent Efforts

Gibson Dunn's Pro Bono team provides an update on the firm's broad efforts to help Afghans at heightened risk of Taliban reprisals, after the collapse of the Afghan government and the Taliban's takeover of Kabul.

December 22, 2021

New York Court of Appeals Round-Up & Preview

The New York Court of Appeals Round-Up & Preview summarizes key opinions in civil cases issued by the Court over the past year and highlights a number of cases of potentially broad significance that the Court will hear during the coming year. 

December 20, 2021

New York City Issues Guidance on Upcoming COVID-19 Vaccine Mandate for Private Employers

On December 15, 2021, New York City issued much-anticipated guidance on its COVID-19 vaccine mandate for private sector employers, which goes into effect on December 27, 2021.  Gibson Dunn lawyers provide need-to-know information about the mandate for affected employers.

December 16, 2021

Virginia and Colorado Privacy Update: In 2022, Prepare for New Rules and Possible Privacy Law Amendments

Virginia and Colorado, which earlier this year enacted comprehensive state privacy laws following California’s 2018 lead, are now poised to follow California in another way in 2022: writing implementing regulations and weighing changes to the laws themselves. Gibson Dunn lawyers discuss how companies should account for these regulations and changes as they develop programs to comply with the laws, which take effect in 2023.

December 14, 2021

U.S. Strategy on Countering Corruption Signals Focus on Enforcement

On December 6, 2021, the Biden-Harris Administration released the United States Strategy on Countering Corruption, the first of its kind. Gibson Dunn lawyers provide an overview of the Strategy, which seeks to broaden and energize the Government’s anti-corruption efforts by focusing on a range of policy and enforcement strategies coordinated across executive branch agencies.

December 13, 2021

ISS and Glass Lewis Issue Voting Policy Updates for 2022

Gibson Dunn lawyers review the recently released updates to proxy voting policies for the 2022 proxy season by Institutional Shareholder Services and Glass, Lewis & Co., the two major proxy advisory firms.

December 13, 2021

Supreme Court Round-Up (November 2021)

Gibson Dunn’s Supreme Court Round-Up provides the questions presented in cases that the Court will hear in the upcoming Term, summaries of the Court’s opinions when released, and other key developments on the Court’s docket. 

November 30, 2021

California Privacy Protection Agency Rulemaking Begins and Heightened Privacy Focus Continues

Our lawyers discuss the initial meetings of the new California Privacy Protection Agency, which have given some clues about what to expect from its rulemaking—and when to expect it.

November 23, 2021

Delaware Chancery Court Decision Provides Reminders for MLP Transactions

Our lawyers discuss a recent Delaware Court of Chancery decision that offers useful reminders to participants in Master Limited Partnership transactions about the limits of acceptable conduct under standard partnership agreement provisions. 

November 23, 2021

Infrastructure Bill’s New Reporting Requirements May Have Sweeping Implications for Cryptocurrency Ecosystem

On November 15, 2021, President Biden signed into law the “Infrastructure Investment and Jobs Act,” which adds new reporting requirements for certain cryptocurrency transactions that have little to do with infrastructure, but could have potentially dramatic implications for millions of United States businesses and consumers who have embraced cryptocurrency for its efficiency, transparency, and accessibility.

November 18, 2021

Alert Update: Nondebtor Release Prohibition Act of 2021

Gibson Dunn lawyers provide a brief update on the proposed H.R.4777, the Nondebtor Release Prohibition Act of 2021 (NRPA), which would amend the Bankruptcy Code to prohibit non-consensual third party releases and provide for the dismissal of bankruptcy cases filed after the implementation of a divisional merger transaction.

November 18, 2021

SEC Adopts Rules Mandating Use of Universal Proxy Card

On November 17, 2021, the Securities and Exchange Commission approved amendments to the federal proxy rules to mandate the use of a universal proxy card in public solicitations involving director election contests. Our lawyers discuss why they believe that the new rules are likely to embolden activists and increase the incidence of contested director elections.

November 18, 2021

Gibson Dunn | Europe | Data Protection – November 2021

Gibson Dunn lawyers provide a look at personal data and other privacy-related legal developments across Europe for October/November 2021.

November 16, 2021

Dubai Financial Services Authority Moves into the “Crypto” Space and Establishes Regulatory Framework for “Investment Tokens”

On October 25, 2021, the Dubai Financial Services Authority (“DFSA”) updated its Rulebook for "crypto" based investments by launching a regulatory framework for "Investment Tokens," which are defined as either a “Security Token” or a “Derivative Token.”

November 15, 2021

UK Supreme Court Overturns Court of Appeal to Disallow Google Data Privacy Class Action

Our lawyers provide an overview of the UK Supreme Court’s decision in Lloyd v Google LLC [2021] UKSC 50 and offer our observations on the implications of the Judgment, which is a blow to funding-assisted collective actions in the data protection field in England and Wales.

November 11, 2021

Discussing Human Capital: A Survey of the S&P 500’s Compliance with the New SEC Disclosure Requirement One Year After Adoption

A main area of focus for public companies this past annual reporting season was the new human capital disclosure requirement for annual reports on Form 10-K.  Gibson Dunn lawyers review disclosure trends among S&P 500 companies and provides practical considerations for companies as we head into 2022 and the second year of discussing human capital resources and management.

November 10, 2021

The Pendulum Swings (Far): SEC Staff Issues New Guidance on Shareholder Proposals

SEC staff has issued new guidance on shareholder proposals that unwinds four years of staff precedent and raises the burden for companies seeking to exclude environmental and social proposals from proxy statements.

November 5, 2021

ISS Proposes and Opens Comment on Draft 2022 Voting Policy Updates

Yesterday, the proxy advisory firm Institutional Shareholder Services (“ISS") proposed and published for comment voting policy changes for the 2022 proxy season. Our lawyers discuss the five proposed updates that would apply to U.S. companies, including two related to “Say on Climate" proposals and a third related to climate issues.

November 5, 2021