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Updates & Events

Updates & Events

Recent News and Events

Fredrikson & Byron strives to provide clients current business developments and legal updates. See the list below for our most recent updates and events.

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We are dedicated to understanding our clients, their business goals and the industry-specific legal issues they face.

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Executive Order Assists Minnesota Cooperatives During the COVID-19 Peacetime Emergency

On August 26, 2020, Minnesota Governor Tim Walz signed Emergency Executive Order 20-86, providing relief to Minnesota cooperatives.

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Rethinking CRA: Key Considerations for Implementing the New OCC Final Rule

On May 20, 2020, following much industry debate and speculation, the OCC released its final rule on CRA in an effort to modernize, strengthen, and establish more objectivity with respect to CRA regulations.

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Best Practices for a Transition Away from LIBOR

Despite the impact of COVID-19, it is safe to assume that LIBOR will still become unusable by the end of 2021. In preparation for the transition, the ARRC has published its recommended best practices to prepare for the anticipated discontinuation of LIBOR.

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Dealing with Distressed Properties and Loans – A Refresher

The pandemic-induced economic downturn has created huge stresses on owners of both residential and commercial real property. In turn, those stresses have been visited upon the lenders who have financed those properties.

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FERC Permits MISO to Treat Electric Storage as a Transmission-Only Asset for Cost-Recovery Purposes

The Federal Energy Regulatory Commission recently accepted a proposal by the Midcontinent Independent System Operator, Inc. to revise its tariff to allow for storage facilities to be classified as transmission-only assets in the MISO Transmission Expansion Plan and receive cost recovery under the MISO tariff on the same basis as other MTEP projects.

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SEC Adopts Amendments to “Accredited Investor” Definition

On August 26, 2020, the SEC adopted amendments to the definition of “accredited investor” in Rule 501(a) of Regulation D, expanding the pool of investors who may participate in private securities offerings.

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

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

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

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

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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