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Legal Updates

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SEC Adopts Amendments to Regulation S-K to Modernize Disclosures of Business, Legal Proceedings and Risk Factors

August 31, 2020

On August 26, 2020, the SEC adopted amendments to modernize the description of business (Item 101), legal proceedings (Item 103) and risk factor disclosures (Item 105) that registrants are required to make pursuant to Regulation S-K.

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SEC Adopts Amendments to Proxy Solicitation Rules

August 31, 2020

On July 22, 2020, the SEC adopted amendments to the rules governing proxy solicitations.

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What Would a Democratic Victory in November Mean for the SEC? Dissenting Commissioner Statements Offer Glimpse into Potential Priorities

August 31, 2020

The upcoming presidential election could effectively transfer control of the SEC to the Democratic party, meaning that views currently held by a minority of the SEC’s five Commissioners could soon gain majority status. Statements issued by Democratic Commissioners Allison Herren Lee and Caroline Crenshaw dissenting against recent SEC rule amendments offer a glimpse into the potential priorities of a Democratic-led SEC.

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SEC Extends Relaxation of Certain Crowdfunding Rules through February 28, 2021; Updated Fees for SEC Filers

August 31, 2020

On August 28, 2020, the SEC adopted temporary final rules extending the effectiveness of previously-adopted temporary relief from certain requirements of Regulation Crowdfunding to facilitate capital formation for small businesses impacted by COVID-19.

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Question of the Day: School-Related FFCRA Leave Requests

August 28, 2020

How should employers handle requests for FFCRA leave related to schools starting with online, hybrid and optional online programs?

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Are You Ready to Pay Revenue on Production Under Lake Sakakawea?

August 25, 2020

Revenue held in suspense due to ambiguities related to the location of the ordinary high water mark below Lake Sakakawea will be required to be released from suspense by December 24, 2020, or June 24, 2022, depending upon location of the lands.

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Question of the Day: Health Care Provider Definition of the FFCRA

August 14, 2020

I understand the health care provider definition of the FFCRA has been challenged. What do I need to know about this?

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National Interest Exceptions to Presidential Proclamations Suspending Certain Immigrants and Nonimmigrants

August 12, 2020

On June 22, 2020, President Trump signed Presidential Proclamation 10052, which suspended the entry of certain immigrant visa applicants through December 31, 2020.

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Public Charge Rule Blocked

August 7, 2020

The U.S. District Court for the Southern District of New York enjoined the Department of Homeland Security from “enforcing, applying, implementing, or treating as effective” the February 24, 2020, Public Charge Grounds Final Rule during any period in which there is a national health emergency in response to the COVID-19 outbreak.

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DHS to Raise Immigration Benefits Fees

August 7, 2020

DHS announced a final rule, published on August 3, 2020, to take effect 60 days later, that will increase many immigration and naturalization fees charged by USCIS and reduce some others.

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