On June 4, 2025, the U.S. Securities and Exchange Commission (the “Commission” or “SEC”) issued a concept release soliciting public comment on the definition of foreign private issuer (“FPI”), particularly on whether the current definition should be amended in an
Corporate & Commercial
How to Fix the Crowdfunding Compliance Crisis
The U.S. investment crowdfunding market is quietly facing a crisis.
A troubling number of startups have raised capital from everyday investors under Regulation Crowdfunding (Reg CF)—and then disappeared, ghosting the crowd by failing to file the annual reports required by…
Fewer Campaigns, but Much to Observe from the 2025 Proxy Season
While the number of overall shareholder activism campaigns cooled in the 2025 proxy season compared to years past, the season has been marked by its fair share of fireworks and headlines, as well as unique events and disruptions. The season…
Guest Post: Whiplash
Sarah Abrams
As I have noted in previous post on this site (most recently here), the Trump Administration’s tariff and trade policies not only pose potential operating and financial challenges to many businesses, but they may also present companies…
Kevin Muhlendorf Named SEC Inspector General
The Securities and Exchange Commission today announced that Kevin Muhlendorf will be the agency’s new Inspector General, effective July 28. Mr. Muhlendorf is a former SEC and Justice Department attorney who for the past nine years has been a partner…
Sourcing Agent Deceptions: How to Spot, Stop and Prevent International Manufacturing Scams
By Dan Harris
How to Spot, Stop & Prevent Sourcing Agent Deception
A U.S. home goods company recently discovered they had overpaid $2.4 million over three years—thanks to a sourcing agent posing as a factory.
They had thought they were working directly with…
Proposed New Commercial Division Rule Regarding Virtual Evidence Courtrooms
By John Lundin
On June 16, 2025, the Office of Court Administration issued a request for public comment on a proposed new Commercial Division rule regarding virtual evidence courtrooms.
A virtual evidence courtroom
is a secure webbased platform for organizing, storing, and…
Green Leases: What are they and why do they matter?
It is estimated that the built environment accounts for around 37% of global greenhouse gas emissions.[1] No wonder then that governments across the world are looking at way to reduce this impact.
As the UK government aims to make…
More Information About Corporate Climate Pledges Rarely Helps Consumers
Do you know the difference between “carbon neutral” and “net zero”? If not, you have plenty of company. In a new paper, we show that few people can distinguish between these and similar terms and find that, while providing more…
Sullivan & Cromwell Discusses SEC Withdrawal of 14 Proposed Rules
On June 12, the SEC withdrew 14 proposed rules stating that it did not intend to issue final rules with respect to the proposals and that if the SEC decides to pursue future regulatory action in any of these areas,…