Insights

March 2021

As the legal, regulatory, and commercial implications of coronavirus COVID-19 continue to evolve, our lawyers and advisors are helping clients navigate the complex considerations that companies around the world are facing and develop plans and strategies in response. Reach out to our COVID-19 task force at COVID19@cov.com. Below is a compendium of resources ...

March 2021

Since the beginning of the Brexit process in 2016, Covington’s Brexit Task Force–comprised of over 40 lawyers and former senior diplomats and policymakers, in London, Brussels, Frankfurt, Dublin, and Washington–has advised clients in a wide range of industries on the challenges and opportunities created by this historic event. While the EU-UK negotiations have ...

April 9, 2021, Covington Alert

On April 8, 2021, for the third time in ten days, the Staff of the Securities and Exchange Commission (SEC) issued cautionary guidance to private operating companies considering going public in the United States through a merger with a special purpose acquisition company (SPAC), referred to as a deSPAC transaction. John Coates, Acting Director of the Division of ...

April 9, 2021, Covington Alert

In a slide presentation for the OECD Steering Group of the Inclusive Framework circulated late Thursday, April 8th, the Biden Administration outlined its negotiating position on the OECD’s BEPS 2.0 project. The OECD’s project involves two “pillars”: Pillar 1 would create new income apportionment and nexus rules to allow jurisdictions to tax certain multinational ...

April 8, 2021, Law Society Gazette

April 8, 2021, Covington Alert

There were several notable developments in the first quarter of 2021 affecting class actions. The Supreme Court issued significant decisions regarding personal jurisdiction and TCPA class actions and heard oral argument in a case that has the potential to create significant hurdles to plaintiffs seeking to certify classes that contain many class members who lack ...

April 8, 2021, Covington Alert

The German Act on the Stabilization and Restructuring Framework for Companies (StaRUG), implementing the EU Restructuring Directive[1], came into force on 1 January 2021. The StaRUG provides for a new pre-insolvency restructuring procedure that enables companies to restructure their liabilities based on a qualified creditor majority, i.e. with the possibility to ...

April 7, 2021, Law360

April 2, 2021, Covington Alert

On March 31, 2021, in light of the increasing number of private operating companies seeking to go public in the United States through a merger with a special purpose acquisition company (SPAC), referred to as a deSPAC transaction, the Staff of the SEC’s Division of Corporation Finance and the SEC’s Office of the Chief Accountant released separate public ...