On May 22, 2025, the Trump Administration unveiled the next installment of the revised Federal Acquisition Regulation (FAR) as part of the “Revolutionary FAR Overhaul” (RFO). The latest release set its sights on FAR Part 10 – Market Research.
FAR
Ten Things: What to Do When You Are Feeling Overwhelmed at Work
I have been practicing law for a long time. And even now, 30+ years into the game, there are still times when I find myself overwhelmed by everything on my plate. And it’s just as shitty a feeling now as
FCPA Comes Back From the Dead
President Trump signed an executive order in February that paused all of the Department of Justice investigations under the Foreign Corrupt Practices Act. Perhaps lesser noticed was that the pause was to allow a review of enforcement policies. That review
Texas Codifies Business Judgment Rule and Reforms Derivative Actions: Key Changes Under SB 29
Last month, Texas Governor Greg Abbott signed into law Senate Bill 29 (SB 29), introducing significant amendments to the Texas Business Organizations Code (TBOC). Chief among these are the codification of the “business judgment rule” and new limitations on shareholder
S.B. 21 Constitutionality Questions Certified to Del. Supreme Court
Member Freeze-Out Insufficient Basis for LLC Dissolution
On May 15, 2025, Justice Patel of the New York County Commercial Division issued a decision in Lignel v. Butler, 2025 NY Slip Op. 31791(U), holding that freezing out a member was an insufficient basis for dissolving an LLC,
A Concrete Standard of Judicial Review for Corporate Deferred Prosecution Agreements
Earlier this year, Judge Reed O’Connor made headlines when he rejected a plea agreement between the Department of Justice (“DOJ”) and Boeing. O’Connor rejected the agreement because it required the DOJ to consider its DEI policies in selecting a corporate
Wachtell Lipton Discusses the New Administration and Antitrust Merger Remedies
The Federal Trade Commission and the DOJ’s Antitrust Division recently announced two settlement agreements, signaling that this Administration is willing to resolve merger competition concerns — in appropriate cases — through negotiated divestiture remedies. These actions herald a return to
Further Extension of Form PF Amendments Compliance Date
The Securities and Exchange Commission, together with the U.S. Commodity Futures Trading Commission, today voted to extend the compliance date until Oct. 1, 2025, for the amendments to Form PF that were adopted on Feb. 8, 2024. The compliance date
SEC Announces Agenda and Panelists for Roundtable on Executive Compensation Disclosure Requirements
The Securities and Exchange Commission today announced the agenda and panelists for the June 26, 2025, roundtable on executive compensation. The roundtable will be held at the SEC’s headquarters at 100 F Street, N.E., Washington, D.C., from 1 p.m. –