The recent upheaval in English company law is almost over. The provisions of the Companies Act 2006 (the "2006 Act") have been coming into force in stages. Not all the changes have set the pulses racing, though highlights have included the abolition of the prohibition of financial assistance for the acquisition of shares in private companies.
Archives for September 2009
Financial Crisis Inquiry Commission to Begin Investigations Next Month
The Gibson, Dunn & Crutcher Financial Markets Crisis Group is closely tracking government responses to the turmoil that has catalyzed a dramatic and rapid reshaping of our capital and credit markets.
The Aspen Institute Statement: “Overcoming Short-termism”
The Aspen Institute recently released a statement calling for a more thoughtful approach to government policy and incentives, business management and investor decisions. The statement addresses the need for investors and business management to pursue long-term corporate growth and sets out voluntary steps that can be taken to overcome the focus on short-term goals, which has had such a detrimental effect on the economy. We are pleased to share this statement, which was drafted by a coalition of concerned individuals and advisory board members of the Aspen Institute Business & Society Program and its Corporate Values Strategy Group. Gibson Dunn partner John F. Olson is a member of the statement’s drafting committee. Overcoming Short-termism: A Call for a More Responsible Approach to Investment and Business Management (Press Release and Statement)
Convertible Debt Exchange Offers: Considerations for Distressed Issuers
Orange County partner James Moloney and New York partner Glenn Pollner and associate Matthew Shaw are the authors of “Convertible Debt Exchange Offers: Considerations for Distressed Issuers” [PDF] published in the September-October 2009 issue of Deal Lawyers.