OFAC designated Rosneft and Lukoil—along with certain specified subsidiaries—under E.O. 14024 for operating or having operated in the energy sector of the Russian Federation economy. Pursuant to ...
[3] See, e. g., Nev. Rev. Stat. §§ 78.138, 78.257 (codifying directors’ fiduciary duties and their right to inspect corporate books and records for a purpose related to their role); Tex. Bus. Orgs.
On October 7, 2025, the FDIC and the OCC jointly issued a proposal to define the term “unsafe or unsound practice” under section 8 of the FDIA (12 U.S.C. § 1818.
S&C is a finalist for three Financial Times ’ Innovative Lawyers Awards: “Innovative Lawyers in Dealmaking” for advising Discover in its $50.6 billion merger with Capital One, the largest combination ...
The Sixth Circuit overturned a discovery order against FirstEnergy, reaffirming that internal investigations led by outside counsel are protected by attorney-client privilege. Sullivan & Cromwell ...
FDIC and OCC Issue NPR to Eliminate ‘Reputation Risk’ from Supervisory Programs ...
IRS Announces Intent to Partially Withdraw Previously Proposed Regulations and Provides Interim Guidance Including Revised Rules Governing Domestic Transactions, Troubled Companies and Acquiring ...
In a closely watched appeal for FirstEnergy with significant implications for companies and their counsel who regularly conduct corporate internal investigations, Sullivan & Cromwell persuaded the U.S ...
On September 29, 2025, the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) issued an immediately effective interim final rule (referred to as the “Affiliates Rule”) which amends ...
Summary The federal government shutdown commenced at midnight on October 1, 2025, and proposals to reopen the government failed on October 3, extending the shutdown further into the fourth quarter. On ...
IRS Withdraws Proposed Regulations on Spin-Off Transactions and Reorganizations ...
On September 15, the Staff of the SEC said that it will not recommend enforcement action if ExxonMobil implements its proposed Retail Voting Program.
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