IRS Issues Notice Treating Certain Payments of Prior-Year Foreign Taxes as “Splitter Arrangements”

New York Department of Financial Services Issues Proposed Cybersecurity Regulations

CFPB Proposes Amendments to Rules Governing Disclosure of Confidential Information

Federal Reserve Releases Final Policy Statement Setting the Framework for the Countercyclical Capital Buffer

Federal Reserve Proposes Extraordinary Curtailment of Statutory Banking Powers and Grandfather Provisions

Tax Court Decision Addresses Tax Treatment of Forfeited Deposits on a Lapsed Sale of Real Estate

The U.S. Court of Appeals for the Ninth Circuit Interprets Rule 13a-14 of the Securities Exchange Act and Section 304 of the Sarbanes-Oxley Act

The New York Times Publishes Obituary on Andrew R. Gladin

The New York Times published an obituary on Sullivan & Cromwell partner Andrew R. Gladin, who passed away on August 30 at the age of 42. Born in Romania, Mr. Gladin moved to the United States in 1984. He graduated magna cum laude from Georgetown University in 1995 and attended the University of Virginia School of Law, where he was the technology editor for the Virginia Law Review and inducted into the Order of the Coif. After joining Sullivan & Cromwell, Mr. Gladin was elected partner in 2009 and was a member of the Financial Services Group and the Corporate and Finance Group. “As bank capital and liquidity and related regulation became a critical focus for the banking and regulatory communities, Andy had become one of the country's foremost authorities on capital and liquidity regulation, including through his representation of individual banks and The Clearing House Association, the principal trade organization for major U.S. and international banks. He was a recognized leader of the Bar in his areas of practice, a go-to lawyer for clients and a wonderful mentor to junior lawyers,” as published in The New York Times obituary.

S&C Represents Underwriters in Customers Bancorp, Inc.’s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock Offering

S&C Advises Bayer in $66 Billion Acquisition of Monsanto

S&C Represents Enbridge Inc. in Merger with Spectra Energy Corp, Creating Largest Energy Infrastructure Company in North America

S&C Represents EDF Invest in Purchase of 60 Percent Stake in French Airport of Nice Cote d'Azur

Foreign Corrupt Practices Act Clearinghouse

S&C and Stanford Law School have launched the Foreign Corrupt Practices Act Clearinghouse, a public database that aggregates and curates source documents and provides analytic tools relating to enforcement of the Foreign Corrupt Practices Act.

AML & Sanctions Watchlist

Sullivan & Cromwell’s blog dedicated to developments in the constantly evolving and increasingly complex areas of anti-money laundering (AML) and sanctions enforcement and compliance.

Cybersecurity

Sullivan & Cromwell is ideally positioned to assist clients who are preparing for cybersecurity risks or responding to systems or data breaches once they occur.

View highlights from the Cyber Risks in the Boardroom conference, which include compelling and unique perspectives of senior government officials, leading legal practitioners and top business executives.

Consumer Financial Services

Sullivan & Cromwell’s Consumer Financial Services Group represents clients in the full array of regulatory, compliance, enforcement and litigation matters that may arise in providing financial products and services to consumers.

Dodd-Frank: Staying Ahead of the Changes

S&C has created a database of publications pertinent to the Dodd-Frank Act and related rule makings that will help clients navigate the continually evolving regulatory environment.