Coronavirus (COVID-19) Resource Center
The coronavirus (COVID-19) has spread to scores of countries and infected many thousands of people around the globe. We provide guidance below for boards and management in navigating this crisis and will update this page as developments warrant.
Joint Statement by the FCA, FRC and PRA Regarding Capital Markets Reporting in Light of Recent COVID-19 Developments
On March 26, UK regulatory bodies granted temporary relief and issued guidance to listed companies and auditors as a result of the increasing challenges posed by COVID-19.
To help answer your questions and potentially mitigate risks related to this fast-moving situation, we are providing a compendium of our most recent advisories and alerts related to the coronavirus outbreak.
- Jessica S. Carey
- Financial Institutions
- Capital Markets & Securities
- Coronavirus (COVID-19) Resource Center
- Securities Litigation
- Mark S. Bergman
- H. Christopher Boehning
- Susanna M. Buergel
- Manuel S. Frey
- Brad S. Karp
- Jane B. O'Brien
- Richard A. Rosen
- Charles F. (Rick) Rule
- Amy L. Barton
- Teresa Akkara
- David I. Berman
Notwithstanding COVID-19-related market volatility and associated challenges faced by market participants, UK regulators have affirmed that the timetable for LIBOR’s anticipated cessation at the end of calendar year 2021 currently remains unchanged.
U.S. antitrust agencies are now resuming the practice of granting early terminations of HSR waiting periods in merger reviews. As we discussed in our memorandum last week, the FTC and DOJ temporarily suspended the practice while the agencies transitioned to working remotely. Competition review and approval delays remain possible on a global basis.
CARES Act: Federal Income Tax Relief for Individuals and Businesses in Response to the Coronavirus Pandemic
The CARES Act makes a number of significant changes to the federal income taxation of both individual taxpayers and businesses that are generally intended to provide near-term liquidity and economic relief.
With the passage of the Coronavirus Aid, Relief, and Economic Security Act now imminent, we summarize key provisions of the emergency stimulus package, including relief for small businesses; emergency funding for companies suffering severe financial impacts; relief for individual taxpayers; and measures to support the healthcare response.
Litigation partner and former Secretary of Homeland Security Jeh Johnson offers insights for business leaders on responding to the current coronavirus (COVID-19).
The CARES Act includes a new Small Business Act loan program that offers forgivable loans and waives certain affiliate aggregation requirements maintained by other SBA loans. We discuss the loan program and its implications for private equity firms and their portfolio companies.
COVID-19 UPDATE: SEC Extends Relief to Form ADV and Form PF Filing and Delivery Obligations Due On or Before June 30th
The SEC has issued a Superseding Order extending relief to Form ADV and Form PF filing and delivery obligations for which the original due date is between March 13, 2020 and June 30, 2020.
On March 24, the FTC’s Bureau of Competition and the DOJ’s Antitrust Division issued a Joint Statement providing guidance and expedited procedures for reviewing collaborations between businesses working to advance health and safety during the COVID-19 pandemic. The new procedures may allow businesses seeking to collaborate in combating COVID-19 to gain clarity regarding the agencies’ views of such practices on an accelerated basis.