Sullivan & Cromwell LLP

Financial Transaction Tax: Draft Legislation to Introduce a Financial Transaction Tax in France
Gauthier Blanluet,Nicolas de Boynes, February 10, 2012
Following the outline released by France’s and Germany’s Ministers of Finance on 9 September 2011 (see our client memorandum of 12 September 2011) and the publication of a draft directive by the EU Commission on 28 September 2011 (see our client memorandum of 4 October 2011), draft...

CFTC Adopts Final Rules on Business Conduct Standards: CFTC Imposes External Business Conduct Standards on Swap Dealers and Major Swap Participants
David J. Gilberg,Kenneth M. Raisler, February 8, 2012
The Commodity Futures Trading Commission (the “Commission” or “CFTC”) adopted final rules on the Business Conduct Standards for Swap Dealers and Major Swap Participants With Counterparties (the “External Business Conduct Rules” or “Final Rules”). The...

UK Controlled Foreign Company Reform: Further Draft Legislation on Permanent Changes to the CFC Rules
Emma Hardwick,Michael T. McGowan,Andrew Thomson, February 8, 2012
The UK government has published revised draft legislation for a reformed controlled foreign company (“CFC”) code.