On Feb. 17, 2025, a judge of the US District Court for the Eastern District of Texas stayed the only remaining nationwide preliminary injunction enjoining enforcement of the Corporate Transparency Act (“CTA”) and staying implementation of the reporting requirements (“Reporting Rule”).[1] Accordingly, the Reporting Rule’s beneficial ownership information report (“BOI Report”) filing obligations are reinstated.[2] The US Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) subsequently issued guidance making clear that reporting is now mandatory (rather than voluntary) for reporting companies but extended the BOI Report filing deadlines as follows[3]:

Schulte Roth and Zabel of counsel Michael L. Cook’s article titled “Inconvenient Bankruptcy Appeals” was recently published on the Harvard Law School Bankruptcy Roundtable.  In this piece, Michael explores how some district courts and bankruptcy appellate panels (“BAPs”) abuse their discretion when declining to review nonfinal bankruptcy court orders.

On Jan. 21, 2025, President Trump issued Executive Order 14173 (“Order”), entitled “Ending Illegal Discrimination And Restoring Merit-Based Opportunity.” This Order will have significant impact on Diversity, Equity and Inclusion (“DEI”) policies, practices and programs implemented by private sector employers as well as within the federal government. Subsequent legal developments concerning the Order may impact the practical effect of the Order.

Chambers Global 2025 has recognized Schulte Roth & Zabel as a top law firm. Clients describe Schulte lawyers as “[h]ighly experienced and very thoughtful in their approach.” 

On Feb. 11, 2025, the staff of the Division of Corporation Finance at the Securities and Exchange Commission published revisions to existing Securities and Exchange Act Sections 13(d) and 13(g) and Regulation 13D-G Compliance and Disclosure Interpretation (C&DI) Question 103.11 and published new Question 103.12 regarding how engagement with issuers may affect a beneficial owner’s active/passive status.[1] 

Schulte Roth & Zabel was recently shortlisted in the following categories for the With Intelligence HFM European Services Awards 2025:  

In an article for the New York Law Journal titled, “New York State Authorizes Stand-Alone Business Interruption Insurance Policies,” Schulte Roth & Zabel partner Ted Keyes and associate Julia Cummings discuss amendments to the New York State insurance law that authorize, for the first time, stand-alone business interruption insurance policies.

The hedge fund industry received temporary relief as the SEC postponed compliance deadlines for two significant reporting requirements, Form SHO and Form PF.

Schulte Roth & Zabel associate Vera Quagliato was selected for the inaugural Structured Finance Association’s Women in Securitization (“WiS”) Rising Star Program.