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The heads of the U.S. intelligence community and of the CIA say that Russia and China are growing closer, but that Vladimir Putin’s invasion of Ukraine may be creating concerns for the Chinese Communist Party.
Thursday, May 13, 2021 The Securities and Exchange Commission (SEC or the Commission) has announced a series of initiatives reorienting the Commission’s agenda to focus on environmental, social, and governance (ESG) issues. In particular, the Commission is gearing up to develop a framework to address ESG disclosures, including climate change risk and diversity and inclusion metrics. According to Chairman Gary Gensler, an ESG disclosure rulemaking is a “top priority.” Accordingly, we expect the Commission could issue a proposed rulemaking regarding such disclosures later this y...
To embed, copy and paste the code into your website or blog: To say the SEC has signaled increased attention to ESG matters would be an understatement. Between February 24 th and April 12 th of this year, the SEC has posted on its website five public statements and two press releases that have a primary focus around ESG disclosures. The SEC also announced the creation of a Climate and ESG Task Force in the Division of Enforcement. The task force will include 22 members from the SEC’s headquarters, regional offices, and enforcement specialized units. Initially the task force will focus on ma...
To embed, copy and paste the code into your website or blog: In light of the dramatic upswing in the use of special purpose acquisition companies (SPACs), the staff of the Securities and Exchange Commission (SEC) has issued several public statements highlighting concerns and issues related to SPACs and private operating companies that are going public through business combinations with SPACs. These business combinations are referred to as "de-SPAC transactions." On April 8, 2021, John Coates, Acting Director of the SEC's Division of Corporation Finance, published a statement titled SPACs, I...
To print this article, all you need is to be registered or login on Mondaq.com. Acting Director of the Securities and Exchange Commission's Division of Corporation Finance, John Coates, provided additional comments on SPACs on April 8, 2021. Acting Director Coates noted the "unprecedented surge" in SPAC activity. He focused his comments on the legal liability that attaches to disclosures made in connection with the de-SPAC transaction and, in particular, to claims that he says have been made by "practitioners and commentators" that "an advantage of SPACs over tradi...