LIBOR, the reference rate for determining interest on over $200 trillion of financings worldwide, terminates on December 31, 2021. How will interest be determined after that?
On July 12, 2019, the SEC Staff published a major and unusual joint statement on “LIBOR Transition.” The Divisions of Corporation Finance, Investment Management, and Trading and Markets, together with the Office of the Chief Accountant, issued a seven-page, single-spaced statement.» Read More
This morning at its Jackson Hole, Wyoming, annual symposium, Fed Boss Jerome H. Powell said that while the Fed is prepared to add more stimulus if the economy slides, the central bank is not prepared to take any monetary easing action or significant reduction in its interest rate.» Read More
For cannabis businesses that have or are interested in building their trademark portfolio, the United States Patent and Trademark Office (USPTO) recently issued guidance on its standards in examining a trademark application for cannabis-related goods and services. This guidance provides a clearer understanding of how the Trademark Examiners will approach cannabis applications post-Farm Bill. » Read More
American businesses, especially those whose securities are publicly traded on exchanges in the U.S. capital markets, know full well that their shareholding owners may sue them for mismanagement and also for failing to be frank about performance and/or risks. Adding to potential shareholder claims, among other things, are environmental pollution, sexual misconduct, and breaches of cybersecurity.» Read More
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