What We’re Reading This Week [July 6, 2020]
Mayer Brown Blogs
Latest from Mayer Brown
Supreme Court Invalidates Debt-Related Provision Of The Telephone Consumer Protection Act Under The First Amendment
The Telephone Consumer Protection Act of 1991 (TCPA) prohibits most automated calls or texts to cell phones, but it makes an exception for calls or texts that seek to collect on U.S. government debts. Today, the Supreme Court held that this exception violates the First Amendment because it applies to only certain types of speech.
Read more at Mayer Brown’s Supreme Court & Appellate Practice website.…
SEC Approves Extension of NYSE’s Temporary Relief from Shareholder Approval Rule
On July 2, 2020, the Securities and Exchange Commission (the “SEC”) approved, with immediate effectiveness, the New York Stock Exchange’s (“NYSE”) proposal to extend its waiver of the shareholder approval requirements set forth in Section 312.03 of the NYSE Listed Company Manual through September 30, 2020. As we previously blogged, the SEC initially approved the NYSE’s waiver of such requirements through June 30, 2020. In the proposal, the NYSE noted that a number of listed…
PLI’s Understanding the Securities Laws 2020
July 16-17, 2020
Register here
This two day program will provide an in-depth review of the basic aspects of the U.S. federal securities laws. Emphasis will be placed on the interplay among the Securities Act of 1933, the Securities Exchange Act of 1934, the Sarbanes-Oxley Act, the Dodd-Frank Act, the JOBS Act, the securities-related provisions of the FAST Act, related SEC regulations and significant legislative and regulatory changes and proposals.
Partner Anna Pinedo will co-lead…
The EU and the UK Outline New Parameters for Entry, with a Particular Impact on Those Traveling from the United States
Beginning on March 17, 2020, the Schengen Member States as well as the four Schengen Associated States (collectively the “Member States”) temporarily restricted all non-essential travel from third countries into the European Union. These restrictions extended until July 1, 2020, when the EU Council recommended that Member States begin to permit entry from travelers residing in a designated list of third countries. The United States was not included on this list of permitted countries as…
Market Trends 2019/20: Cybersecurity Disclosures
This market trends article identifies cybersecurity risk disclosures that offer detailed discussions on the potential reputational, financial, or operational harm resulting from cybersecurity breaches and the potential litigation or regulatory costs, policies, and procedures in addressing cybersecurity risks. This article concludes with practical advice on how to prepare and enhance the required disclosures on cybersecurity risks and incidents. Continue reading.…
PLI Webinar: Continuous Offerings: Equity Line Financings and At-the-Market Offerings
PLI Webinar
July 9, 2020
1:00 pm- 2:00 pm EDT
Register here
Many smaller public companies seek access to financing through equity line financing arrangements. Equity line transactions often are confused with continuous offerings that are structured as at the market offering programs. Each financing alternative has distinct characteristics, and differ in important respects. During this webcast, the speakers will discuss the following:
Basic structure of an equity line; public versus private
SEC’s historic analysis…
SEC Announces Agenda for Staff Roundtable on Emerging Markets
On July 9, 2020, starting at 9.30 am, the Securities and Exchange Commission will host a roundtable discussion on investing in emerging markets. Given the proposed legislation regarding public companies based in emerging markets that do not allow access to PCAOB inspections and other regulatory oversight (see our prior blog post here) and the President’s order here (see our prior blog post here) regarding the need to study and propose measures to address…
Webinar: Convertible Bonds: Understanding the Key Benefits
July 23, 2020
2:00 pm – 3:00 pm EDT
Register here
As many issuers continue to seek access to the capital markets in light of the pandemic related downturn, our webcast will focus on convertible bonds. Converts have been among the most popular financing tools in recent months, and, for good reason.
Please join Mayer Brown’s Anna Pinedo and Remmelt Reigersman, along with Claude DeSouza and Pete Pergola from Raymond James as they discuss the…
Market Trends 2019/20: Medium-Term Note Programs
This market trends article examines recent trends regarding medium-term note programs (MTN programs), providing an overview of the market in 2019 and 2020 with a focus on general deal structure and process, recent deal terms, and disclosure trends. Financial service companies, such as bank holding companies, continued to use medium-term note programs as their vehicles for issuing large, underwritten offerings of notes as well as structured notes in 2019. A significant change occurred in 2019…