On May 27, 2026, the New York State Legislature passed budget legislation for State fiscal year 2026-2027 that, among other provisions, implements a New York City pied-à-terre tax. The provision ...

Prospects for a third reconciliation bill, potentially including tax provisions, remain cloudy as Congress and the White House confront differences on other legislative priorities. President Trump ...

The Court Vacated an Eleventh Circuit Decision and Decided in Favor of Havana Docks Corporation in Its Suit Seeking Compensation from Cruise Lines for ‘Trafficking’ in Property Seized by the Cuban ...

Proposed Rules Would Significantly Expand Form S-3 Eligibility, Communication Exemptions for Registered Offerings and Scaled Disclosure Accommodations ...

Federal Reserve Board proposes special-purpose payment accounts for clearing and settlement and urges a pause on Tier 3 access requests pending policy review.

Four Sullivan & Cromwell deals won Latin Lawyer’s “Deals of the Year” awards spanning M&A, project finance, energy and regulatory, the most of any law firm.

Reporting Companies Would Be Permitted to File One Semiannual Report on Form 10-S Instead of Three Quarterly Reports on Form 10-Q ...

New Executive Order Substantially Increases Sanctions Risks to Foreign Persons Engaging in Cuba-Related Activities; Among Other Things, It Authorizes Sectoral Sanctions and Sanctions Targeting the ...

On April 17, 2026, the OCC, Federal Reserve, and FDIC issued revised supervisory guidance on model risk management, superseding the agencies’ previous supervisory guidance as well as the 2021 ...

Last week, FinCEN and certain bank regulators released Notices of Proposed Rulemaking (“NPRMs”) which, if implemented, would reform the requirements for financial institutions’ AML/CFT programs.

On April 7, Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell held an urgent meeting with major bank CEOs to address cybersecurity threats from Anthropic’s AI model Claude ...

FDIC Proposes Rules for FDIC-Regulated Payment Stablecoin Issuers; Treasury Department Proposes Rules to Determine Similarity of State Regulatory Regimes to Federal Regulatory Framework ...