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September 17, 2012 |

Quiet Trusts and Great Expectations

Jonathan J. Rikoon, a partner at Debevoise & Plimpton, and Louise Ding Yang, an associate at the firm, write that over the past decade more than 30 jurisdictions have enacted legislation - primarily driven by controversial provisions included in the 2000 Uniform Trust Code - permitting some form of a "quiet" or "silent" trust in which the settlor abrogates or severely limits a trustee's duty to inform beneficiaries of the existence of an irrevocable trust or to notify beneficiaries of certain other trust information.
11 minute read
August 06, 2012 |

Va. Toll Road Moves Forward With Help From Law Firms

Drivers stuck in traffic in Northern Virginia, take heart: As of Tuesday, a long-stalled $935 million highway project aimed at easing congestion by widening a 29-mile stretch of Interstate 95 is finally on the road to completion.
4 minute read
September 23, 2013 |

Four Firms Dialed In for BlackBerry's Take-Private Deal

Stumbling smartphone maker BlackBerry said Monday it has agreed to sell itself to a consortium led by its largest investor, Canadian insurance company Fairfax Financial Holdings, for $4.7 billion. Skadden and Canadian firm Torys are advising a special committee of BlackBerry's board, while the buyers have turned to Shearman & Sterling and McCarthy Tétrault.
4 minute read
January 16, 2001 |

London

There's a battle brewing in London over junk. Yes, junk (or high-yield) bonds have come to Europe, and U.S. and U.K. firms are competing intensely to win the financing work. In one corner stand London's two top banking firms, Allen & Overy and Clifford Chance. Facing off are New York's Shearman & Sterling and Simpson Thacher & Bartlett, and Los Angeles-based Latham & Watkins.
5 minute read
November 03, 2010 |

Fed to buy $600 billion in bonds to aid economy

The Federal Reserve announced a bold plan Wednesday to try to invigorate the economy by buying $600 billion more in Treasury bonds.
4 minute read
April 17, 2013 |

Marketplace: Massive Hudson Yards Project Moves Forward

The 26-acre complex currently under construction on Manhattan's West Side has captured the attention of several high-profile companies. L'Oreal USA and SAP AG will join Coach Inc. at Hudson Yard's 1.7 million-square-foot South Tower. Also, the first of two 99-year ground leases with the Metropolitan Transportation Authority has been finalized.
6 minute read
September 23, 2010 |

News In Brief

3 minute read
April 26, 2012 |

Asia Deal Digest: April 26, 2012

* Yoon & Yang helps a Korean bank set up a hefty debt program* A Thai lender brings in Baker & McKenzie for its funding needs* Clifford Chance helps Singapore take a stake in China's banking sector
7 minute read
June 16, 2011 |

U.S.: Bank of America hindered foreclosure review

Bank of America Corp., the largest U.S. lender, "significantly hindered" a federal review of its foreclosures on loans insured by the Federal Housing Administration, the U.S. said. The bank was slow in providing data and offered incomplete information, according to the U.S. Department of Housing and Urban Development inspector general's office, which conducted the review.
5 minute read
December 15, 2011 |

Insurers won't have to cover SEC settlement

J.P. Morgan Securities Inc.'s insurers will not have to cover any of a $250 million settlement with the Securities and Exchange Commission over alleged deceptive market timing, a unanimous panel of the New York Supreme Court Appellate Division, First Department, ruled Tuesday.The opinion in J.P. Morgan Securities Inc.
3 minute read

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