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Jan 21, 2025 | 
mondaq.com | Andrew Butler
A claim of lien under British Columbia's Builders LienAct ("BLA")1provides protection to contractors, subcontractors and workers whoprovide work or materials to a construction project. TheBLA allows these people to file a claim of builders lienagainst the property to which they contributed. This statutory lienis a powerful tool which can have serious consequences for theproperty owner and create significant barriers for further projectdevelopment.
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Jun 27, 2024 | 
mondaq.com | David A. Sakowitz |Andrew Butler |James Kemp |Emily Semon
A wave of substantially similar stockholders' complaints
have recently been filed by plaintiffs' firms in the Delaware
Court of Chancery challenging certain advance notice bylaw
provisions commonly included in public companies' bylaws. In
this post, we discuss the recent Delaware Court of Chancery
decision driving the wave of stockholders' complaints and
suggest proactive steps for public companies to take in light of
such complaints.
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Jun 10, 2024 | 
law360.com | David A. Sakowitz |Ben Smolij |Andrew Butler
By David Sakowitz, Ben Smolij and Andrew Butler (June 10, 2024, 4:02 PM EDT) -- On April 17, the New York Stock Exchange proposed a rule that would amend Section 802.01D of the NYSE Listed Company Manual.[1]... Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence.
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May 16, 2024 | 
mondaq.com | David A. Sakowitz |Andrew Butler |Jennifer Taylor
On May 3, 2024, the Securities and Exchange Commission
(SEC) announced charges against audit firm BF
Borgers CPA PC (BF Borgers) and its owner,
Benjamin F.
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May 15, 2024 | 
mondaq.com | David A. Sakowitz |Andrew Butler |Emily Semon
On April 11, 2024, the New York Stock Exchange (NYSE) filed a proposed rule change with the Securities and
Exchange Commission, proposing a new subsection of Rule 123D that
alters the rules governing the halting and resumption of trading in
a security undergoing a reverse stock split. On May 2, 2024, the
NYSE sent a notice to its listed
companies that the proposed rule will be effective on May 11,
2024.
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May 11, 2024 | 
mondaq.com | David A. Sakowitz |Ben Smolij |Andrew Butler
On April 17, 2024, the New York Stock Exchange (NYSE) proposed a rule that, if adopted by the U.S. Securities and Exchange Commission (SEC), would amend Section 802.01D of the NYSE Listed Company Manual to provide the NYSE with discretionary authority to commence immediate suspension and delisting proceedings for a listed company that has "changed its primary business focus to a new area of business that is substantially different from the business it was engaged in at the time of its...
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May 6, 2024 | 
mondaq.com | David A. Sakowitz |Andrew Butler |Jeremy Chang
With consumer and investor interest in artificial intelligence (AI) surging, there has been heightened concern among regulatory agencies, including the Federal Trade Commission (FTC) and the Securities and Exchange Commission (SEC), with companies engaging in a deceptive practice the FTC and SEC have dubbed "AI washing." Specifically, as used by the SEC in recent enforcement actions and public statements, AI washing refers to companies, investment advisers and broker-dealers' making false,...
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Apr 25, 2024 | 
mondaq.com | David A. Sakowitz |Michael Blankenship |Ben Smolij |Andrew Butler
Under its current rule, the New York Stock Exchange (NYSE)
commences delisting procedures against a listed special purpose
acquisition company (SPAC) if it fails to complete a business
combination within 36 months of its initial listing date,
regardless of whether it has entered into a definitive agreement
for a business combination.
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Feb 20, 2024 | 
mondaq.com | David A. Sakowitz |Andrew Butler |Jeremy Chang |John Niedzwiecki
The Northwestern Pritzker School of Law hosted its
51stannual Securities Regulation Institute from January
22, 2024 to January 24, 2024 in Coronado, California. Various
practitioners and professionals from the U.S. Securities and
Exchange Commission (SEC), law firms, academic institutions,
accounting firms and SEC reporting companies participated in the
conference. Winston & Strawn LLP was a sponsor of the event. Below is a summary of key takeaways from the conference.
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Feb 6, 2024 | 
jdsupra.com | Andrew Butler |Dan Moss
Debtors in non-U.S. bankruptcy or restructuring proceedings commonly seek to shield their U.S. assets from creditor collection efforts by seeking "recognition" of those proceedings in the United States in a case under chapter 15 of the Bankruptcy Code.
