IRS Announces Intent to Partially Withdraw Previously Proposed Regulations and Provides Interim Guidance Including Revised Rules Governing Domestic Transactions, Troubled Companies and Acquiring ...

On December 5, 2025, the OCC and FDIC issued a joint statement, announcing their withdrawal from their March 2013 guidance on leveraged lending and the November 2014 frequently asked questions on ...

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 ...

xAI has agreed to be acquired by SpaceX in a historic transaction that values xAI at $250 billion.

On February 18, Treasury and the IRS released Notice 2026-7, providing additional interim guidance regarding the application of the corporate alternative minimum tax (“CAMT”).

On January 5, 2026, the Organisation for Economic Co-operation and Development (OECD) released administrative guidance exempting U.S.-parented companies from parts of Pillar 2.

Sullivan & Cromwell advised Pershing Square in completing a combined initial public offering of Pershing Square USA, Ltd. (PSUS), a new closed-end investment fund registered under the Investment ...

Palo Alto +1-650-461-5600 earlek@sullcrom.com ...

New York +1-212-558-4000 vantreasec@sullcrom.com BNY Mellon in its sale of Sumday to Vestwell Holdings Christopher M. George in his pending acquisition of Greenwoods Financial Group and its ...

[1] OCC, Implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act for the Issuance of Stablecoins by Entities Subject to the Jurisdiction of the Office of the Comptroller ...

On October 7, 2025, the FDIC and the OCC jointly issued a proposal to define the term “unsafe or unsound practice” under section 8 of the FDIA (12 U.S.C. § 1818.

Sixth Circuit Clarifies Critical Issues Regarding Reliance and Damages at Class Certification in Securities Fraud Case ...