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Article
SEC Staff Extends Section 16(a) Filing Deadline For Directors And Officers Of Certain Foreign Private Issuers Affected By Middle East Hostilities
On April 17, 2026, the Division of Corporation Finance issued a no-action letter to Tower Semiconductor Ltd., an Israeli foreign private issuer (Tower), extending until May 29, 2026 the date through which Tower’s directors and officers may fail to file required Section 16(a) reports without leading the Division of Corporation Finance to recommend enforcement action to the SEC. The Division had previously granted no-action relief for failures to file until April 20, 2026.
United States Commercial
AP
Arnold & Porter
Article
New SEC Exemptive Relief For Tender Offers For Equity Securities
On April 16, 2026, the staff of the Division of Corporation Finance (the “Staff”) of the U.S. Securities and Exchange Commission (“SEC”) issued an exemptive order granting relief from Rules 13e-4(f)(1)(i) and 14e-1(a) and (b) under the Securities and Exchange Act of 1934, as amended (the “Exchange Act”), for certain qualifying tender offers for equity securities (“10 Business Day Tender Offers”).
United States Commercial
ST
Simpson Thacher & Bartlett
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In-House Alumni Boston Private Capital Happy Hour
Proskauer's Boston office hosted an intimate cocktail reception for its in-house private capital alumni, bringing together former attorneys now working across various private capital sectors. The gathering provided a platform for professional dialogue on industry trends and personal reconnection, while reinforcing the firm's commitment to maintaining meaningful relationships with its alumni network.
United States Commercial
PR
Proskauer Rose LLP
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The L-1 New Office Route – Navigating Common Pitfalls
The L-1 visa remains a widely used pathway for multinational companies to transfer executives, managers, and specialized employees to the United States. Within this category, the “new office” option allows companies without an existing U.S. presence to establish operations by transferring key personnel. A new office is defined as a U.S. branch, subsidiary, or affiliate that has been doing business for less than one year.
United States Immigration
FG
Fakhoury Global Immigration
Article
Virginia Amends Franchise Law to Bar Governing Law Provisions, Post-Termination Noncompete Restrictions
Virginia's amended Retail Franchising Act introduces mandatory Virginia law governance for all franchise agreements and prohibits post-termination noncompete restrictions, fundamentally altering how franchisors structure their agreements with Virginia franchisees. The legislation raises critical questions about franchise system consistency and franchisee mobility after contract expiration.
United States Commercial
GT
Greenberg Traurig, LLP
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