Posts
January 25 2022
UAE approves first SPAC framework in the Gulf region
DUBAI, United Arab Emirates — to attract new investment, despite a fall in popularity for the controversial funding tool.
www.cnbc.com
January 25 2022
Hollywood Visual-Effects Studio DNEG Reaches $1.6 Billion SPAC Merger to Go Public
Hollywood visual-effects studio DNEG is combining with a special-purpose acquisition firm to go public with a roughly $1.6 billion valuation, the businesses stated. Identified for its Oscar-winning visuals work on motion pictures resembling “Inception” and “Tenet,” DNEG is merging with the SPAC Sports activities Ventures Acquisition Corp., a blank-check agency centered on the media and leisure industries.
www.wsj.com
January 24 2022
Client Alert: Updates Regarding COVID-19 Quarantine and Isolation Guidance
New York recently issued updated isolation and quarantine guidance to align itself with the CDC (collectively referred to as the “New Quarantine Rules”). The New Quarantine Rules apply to everyone in New York, and supersede the previously-announced rules applicable to “critical workers” as well as the New York guidance issued on January 4, 2022.
Click here to read the alert.
January 13 2022
Client Alert: Supreme Court Blocks OSHA Large Employer Vax-or-Test Mandate
The U.S. Supreme Court has just blocked the Occupational Safety and Health Administration (OSHA) Emergency Temporary Standard that would have required employers with 100 or more employees to mandate that employees either be fully vaccinated against COVID-19 or test weekly (the “100+ ETS”).
Click here to read the alert.
January 10 2022
Client Alert: New York Expands Protection for Whistleblowers
Effective January 26, 2022, amendments to New York’s Whistleblower Law dramatically expand the scope of protected activity that triggers anti-retaliation protections, as well as type of actions that may be considered retaliatory under the law.
Click here to read the alert.
January 06 2022
Client Alert: Lincoln St. Mezz II, LLC v One Lincoln Mezz 2 LLC
On December 6, 2021, the Supreme Court of the State of New York, Kings County held that a mezzanine borrower could not block a mezzanine loan foreclosure sale during the December holiday season on commercial reasonableness grounds based on the facts briefly summarized in the alert.
Click here to read the alert.
January 06 2022
Tilman Fertitta Seeks a $250 Million Payday After Ditching SPAC Deal
Two years ago, the pandemic forced Tilman Fertitta to shutter his empire of casinos and restaurants, furlough 40,000 workers, and inject $50 million of his own money into his company. Now the Texas billionaire is using exuberant debt markets to pay himself back, and then some.
www.bloomberg.com
January 06 2022
Buyer Beware As Athlete-Backed SPACs Take A -70% ‘L’
Things look very grim for SPACs spearheaded by some of your favorite athletes, as these special acquisition blank check companies tied to notable sports figures have been severely trailing the S&P 500. Shaquille O’Neal, Colin Kaepernick, Jay-Z, Serena Williams, Alex Rodriquez and Steph Curry have all recently gotten into the SPAC game without much success. Specifically, 21 out of 33 SPACs tied to famous public figures have posted negative returns for 2021, according to Bloomberg.
www.forbes.com