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Read Finance & Banking Law updates, alerts, news, and legal analysis from leading lawyers and law firms:
Cadwalader, Wickersham & Taft LLP

FFFalalala December 2024 - Shaping the Future of Fund Finance: How the LMA is Driving Change

The foundations for the Loan Market Association's ("LMA") fund finance work plans are now in place. Over the last months, LMA has thoroughly studied the market, listened to the voices of members and key stakeholders, and...more

Akerman LLP

Stay of Preliminary Injunction Reinstates CTA Reporting Requirements

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This article is an update to the December 9, 2024, article: UPDATE: FinCEN Alerts That CTA Reporting Is Voluntary While Preliminary Injunction Remains in Effect - On December 23, 2024, the United States Court of Appeals for...more

Coblentz Patch Duffy & Bass

Corporate Transparency Act to Remain Enjoined Pending US Appeal

On December 23, 2024, the United States Court of Appeals for the Fifth Circuit stayed the nationwide injunction that temporarily halted enforcement of and compliance with the Corporate Transparency Act....more

Polsinelli

UPDATE: Corporate Transparency Act Filing Deadlines Reinstated and Extended until January 13, 2025; Appeals Court Sides with...

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On December 23, 2024, the U.S. Fifth Circuit Court of Appeals issued an Order that served to stay the nationwide preliminary injunction in respect of CTA enforcement.  In that ruling, the Fifth Circuit found the government...more

Weintraub Tobin

Court Blocks Nationwide Injunction of the Corporate Transparency Act: Fifth Circuit Grants Stay Pending Appeal; Compliance Period...

Weintraub Tobin on

On December 23, 2024, the Fifth Circuit Court of Appeals granted the government’s emergency motion for a stay, effectively blocking a nationwide injunction issued by a district court against the Corporate Transparency Act...more

Goulston & Storrs PC

CTA Update: Injunction Lifted and Filing Deadlines Extended

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On December 23, 2024, the United States Court of Appeals for the Fifth Circuit lifted the injunction issued earlier this month that had paused enforcement of the Corporate Transparency Act (“CTA”). In response, the U.S....more

Farrell Fritz, P.C.

End of Year Gifting

Farrell Fritz, P.C. on

With the end of the year quickly approaching, now is good time to ensure you make your annual exclusion gifts for the year to reduce your taxable estate.  For 2024, an individual can give $18,000 (and a married couple...more

Hinckley Allen

CTA Reinstated: Extended Reporting Deadlines

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On December 23, 2024, the Fifth Circuit Court of Appeals granted the Department of Justice’s motion to lift a preliminary injunction, which blocked the enforcement of the Corporate Transparency Act (CTA). This decision...more

Polsinelli

Corporate Transparency Act Filing Deadlines Reinstated for Now; Appeals Court Sides with Government in Stay of Nationwide...

Polsinelli on

On December 23, 2024, the U.S. Fifth Circuit Court of Appeals issued an Order that served to stay the nationwide preliminary injunction in respect of CTA enforcement. In that ruling, the Fifth Circuit found the government met...more

Mayer Brown

Europe Daily News, 20 December 2024

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COMPETITION - Prior notification of a concentration (Case M.11772 - Nippon Express / SH)- Prior notification of a concentration (Case M.11783 - Luxshare / Pierer / Leoni)...more

K&L Gates LLP

CFTC Staff Takes a "Measured First Step" in Artificial Intelligence

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Introduction - On 5 December 2024, the Commodity Futures Trading Commission (CFTC) Divisions of Clearing and Risk, Data, Market Oversight, and Market Participants issued a staff advisory on the use of artificial intelligence...more

Mayer Brown

National Congress Approves Additional CSLL to Adapt to OECD Globe Rules and New Provisions Related to Brazilian Worldwide Taxation...

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I – ADDITIONAL CSLL - Following the House of Representatives’ approval just one day before, the Brazilian Federal Senate approved, on December 18, 2024, Bill of Law No. 3,817/2024 (the “bill”), which introduces an...more

Mayer Brown

German Parliament Passes Act on the Digitalisation of Financial Markets

Mayer Brown on

On 18 December 2024, the German Parliament (Bundestag) passed the Act on the Digitalization of Financial Markets (Finanzmarktdigitalisierungsgesetz, the "Act"). The Act is intended to complement key measures of the European...more

Vorys, Sater, Seymour and Pease LLP

CTA UPDATE – Fifth Circuit Lifts Nationwide Preliminary Injunction – FinCEN Extends Filing Deadlines

On December 23, 2024, the Fifth Circuit Court of Appeals lifted the District Court’s nationwide preliminary injunction against enforcement of the Corporate Transparency Act (CTA) in the case of Texas Top Cop Shop, Inc., et...more

DLA Piper

Fifth Circuit Stays Injunction Halting Corporate Transparency Act’s Enforcement; Treasury Updates Deadline to January 13, 2025 for...

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On December 23, 2024, the US Court of Appeals for the Fifth Circuit issued an order granting the government's emergency motion for a stay pending appeal of the preliminary injunction against the Corporate Transparency Act...more

Cadwalader, Wickersham & Taft LLP

FFFalalala December 2024 - Syndicate Diligence Considerations

Subscription credit facilities are a widely utilized product in the fund finance market, offering sponsors access to a reliable source of financing to bridge capital call and to lenders collateral backed by investors’ capital...more

Stinson - Corporate & Securities Law Blog

SEC Announces Settlement with Express, Inc. for Failure to Disclose CEO Perks

On December 17, 2024, the Securities and Exchange Commission (“SEC”) announced that it had settled charges against Ohio-based Express, Inc. (“Express”). The SEC ultimately found that Express violated Sections 13(a) and 14(a)...more

K&L Gates LLP

BNPL Regulation Takes the Final Step in Australia

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On 29 November 2024, the Australian Parliament passed the long-awaited Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Bill 2024 (Bill)....more

Ballard Spahr LLP

FinCEN Extends Deadlines in Light of Reinstatement of the CTA

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As noted in our client alert yesterday, the U.S. Court of Appeals for the Fifth Circuit reinstated the enforceability of the Corporate Transparency Act (CTA) and lifted the preliminary injunction issued by the U.S. District...more

Troutman Pepper

Troutman Pepper Weekly Consumer Financial Services Newsletter – December 2024 # 4

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To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week...more

Ballard Spahr LLP

U.S. Court of Appeals Reinstates Enforcement of the CTA Nationwide

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On December 23, 2024, the U.S. Court of Appeals for the Fifth Circuit reinstated the enforceability of the Corporate Transparency Act (CTA), and the preliminary injunction issued by the U.S. District Court for the Eastern...more

Ballard Spahr LLP

Fifth Circuit Halts Nationwide Stay of CTA Enforcement

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The Fifth Circuit has granted the government’s request to stay temporarily the order and injunction issued by the United States District Court for the Eastern District of Texas, which had issued a nationwide stay prohibiting...more

Husch Blackwell LLP

Proposed Continuing Resolution May Extend Deadline for Certain CTA Reporting Companies - UPDATED 12-23-2024

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The Continuing Resolution (CR) that was actually passed by Congress on Friday, December 20, 2024, did not contain language extending the reporting deadline under the Corporate Transparency Act (CTA) that was in a previous...more

Shipman & Goodwin LLP

Corporate Transparency Act - Nationwide Injunction Lifted and Deadlines Reinstated with Some Extensions

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As a follow-up to our alert on December 23, 2024 that the nationwide injunction related to the enforcement of the Corporate Transparency Act has been lifted and filings of beneficial ownership information reports by reporting...more

Morrison & Foerster LLP

Fifth Circuit Lifts Injunction on Enforcement of the Corporate Transparency Act; FinCEN Extends Reporting Deadline

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In a recent client alert, we notified clients that on December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a preliminary injunction against enforcement of the Corporate Transparency Act (CTA) and...more

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