Sky Blog
Artificial intelligence (AI) poses a clear and present danger to our money and our markets. With AI, bad actors and rogue nations can readily and cheaply engage in market manipulation, financial misinformation, and regulatory misconduct that threaten the stability, integrity, …
The US is the world’s largest private credit market, tripling in size since 2010 (estimated to be around US$1.5 trillion today) and currently more than twice the size of Europe’s market (approximately US$500 billion-US$1 trillion), according to Barings’ report, Direct …
In recent years, institutional investors have been at the center of the global effort to advance an economic transition toward sustainability. Asset managers are increasingly expected to use their financial influence to promote environmental, social and governance (ESG) objectives. However,
On September 19, 2025, the US Department of the Treasury (Treasury) issued an Advance Notice of Proposed Rulemaking (ANPRM), seeking public comment related to its implementation of the Guiding and Establishing National Innovation for US Stablecoins Act (the GENIUS Act), …
In emerging AI-related litigation, one of the most common claims so far concerns alleged over-stating or misrepresenting a company’s AI capabilities to its investors. According to Stanford’s Class Action Clearinghouse, there have been more than 50 class-action lawsuits involving so-called …
On October 21, 2025, the New York State Department of Financial Services (“NYDFS”) issued an industry letter (the “Guidance”) highlighting the cybersecurity risks related to Covered Entities’ use of Third-Party Service Providers (“TPSPs”) and providing strategies to address these risks. …
The rapid rise of technologies such as artificial intelligence (AI) and blockchain is placing significant pressure on the established framework of corporate law. This pressure raises fundamental questions about whether these innovations require minor regulatory updates or warrant a re-examination …
How do early‐stage documents – term sheets, letters of intent (LOIs), and memoranda of understanding (MOUs) – shape the path to a definitive merger agreement? Despite their ubiquity, we still know surprisingly little empirically about how these instruments structure negotiations, …
Between 2020 and the first half of 2024, corporations in a variety of industries adopted the language of social and environmental progress. They pledged to diversify their workforces, hired DEI professionals, denounced racial injustice, and announced plans to reduce greenhouse …
On October 24, 2025, the Federal Reserve Board issued two proposals to revise its supervisory stress testing framework.
Over the past three years, courts across the country have evaluated the use of pricing algorithms under the antitrust laws. In 2022, private plaintiffs filed the first of many civil cases involving algorithmic pricing against software provider RealPage and its …
Hedge funds and other activist shareholders are taking an increasingly active role in monitoring and influencing the decisions of public companies. While the specifics of activist campaigns vary, it’s generally a simple process: An investor buys a large equity stake in …
Last year, the Delaware Court of Chancery surprised many M&A practitioners by holding in Sjunde AP-Fonden v. Activision Blizzard that the Board of Directors of Activision Blizzard, in approving the sale of the company to Microsoft, did not comply with …