On 10 November 2022, the EU Parliament adopted the Corporate Sustainability Reporting Directive (“CSRD”). The EU Council is expected to adopt the CSRD on 28 November 2022, after which it will be published in the Official Journal. The CSRD will then enter into force 20 days after publication and EU member states will have 18
Due Diligence
Top Tips for Reviewing Comfort Letters
By Ryan Castillo on
Underwriting agreements and purchase agreements typically require the delivery of one or more comfort letters as a condition to pricing and closing a securities offering. In this brief Practical Guidance video, Mayer Brown partner, Ryan Castillo, discusses practices pointers that can help in reviewing and negotiating comfort letters. Watch the full video.
To learn…
Proposed SEC Rules for Private Fund Advisers
By Ryan Cornellier on
May 18, 2022 Webinar
1pm – 2pm EDT
Register here.
Join Mayer Brown partners Claire Ragen and Adam Kanter to hear diverse perspectives on the potential impact of the US Securities and Exchange Commission’s (SEC) recent proposed rules on private fund investors and sponsors. Topics will include potential considerations for investors and sponsors on…
The SEC Pursues Action Against SPAC and Insiders for Misleading Investors
By John R. Ablan & Anna T. Pinedo on
On July 13, 2021, the US Securities and Exchange Commission (“SEC”) announced charges against a special purpose acquisition company (“SPAC”), the proposed merger target company in the space transportation industry, each company’s CEO, and the SPAC’s sponsor. The charges were announced in connection with misleading statements made by the SPAC and target company to its…
Due Diligence Questions relating to Critical Audit Matters
By Brian Hirshberg on
As we have previously blogged, public companies are now required to describe critical audit matters (CAMs) in their publicly filed auditor reports. CAMs inform investors and other financial statement users of matters arising from the audit that required especially challenging, subjective, or complex auditor judgment, and how the auditor responded to those matters. As such,…
Legal Update: Novel Coronavirus (COVID-19): Considerations in M&A Due Diligence
With the advent of the COVID-19 pandemic, there are numerous issues to contemplate in M&A due diligence. For one, parties in an M&A transaction need to consider whether the target company has established sufficient protocols to enable due diligence to be conducted entirely virtually. In this Legal Update, we provide a summary of many of…