Hello, I’m David Farhat, a partner in Skadden’s Tax practice, and I'm pleased to share our commentaries on the most significant regulatory and enforcement issues on the horizon. Here are some highlights:
We expect heightened oversight, given the Biden administration's more activist role, stated FTC, DOJ and SEC priorities, and changes in takeover and trade regulations.
- The SEC plans new guidance in areas such as executive compensation, insider trading and ESG disclosures.
- And several governmental agencies and departments have been ordered to further promote competition, including in mergers and acquisitions.
- While a directional change at the DOJ appears less pronounced, a harder line on corporate crimes is expected.
- Financial institutions should anticipate higher regulatory standards and more cyber-related enforcement actions.
- And companies need to keep an eye on tax developments, such as how multinationals are taxed and changes to tax-free spinoffs.
- Finally, CFIUS-like reviews are going global, with new foreign direct investment processes in multiple jurisdictions.
I hope you find these and the other topics in this section of our 2022 Insights interesting and useful.