Sidley Catalyst
The Basics
The Basics
Industry Regulation
Industry Regulation
Liquidity and Exits
Liquidity and Exits
Employee Compensation
Employee Compensation
Data and Privacy
Data and Privacy
Defending Lawsuits
Defending Lawsuits
Everything AI
Everything AI
All Articles
AI Can Draft Contracts—But Can You Trust Them?
Rachelle Soderstrom
Rochelle C. Mulondo
All Articles
AI
Commercial Contracts
IP
AI Collaborations – From Strategic License to Strategic Acquisition
Joshua Hofheimer
Zach Johnston
All Articles
AI
M&A
A Purchase-Price Adjustment Is Not the End of the Road With Indemnification on the Table
Robert S. Velevis
Connor Wise
All Articles
Litigation
M&A
August Antitrust and Competition Bulletin: Top-of-Mind Global Antitrust Issues
Juan A. Arteaga
Vadim Brusser
Laura Collins
Ken Daly
Jim Lowe
All Articles
Antitrust
Litigation
Avoiding Cross-Border Tax Traps: The Growing Importance of APAs
Dr. Idan Netser
All Articles
Litigation
Bad Investments, Not Bad Faith: Caremark Claims Have Limits
Heather Benzmiller Sultanian
All Articles
Litigation
Fiduciary Duties
Board Investigations of Potential Misconduct
Holly J. Gregory
All Articles
Privilege
Litigation
Bylaw Challenges Need a Real Dispute, Not a Hypothetical One
Charlotte K. Newell
Ram Sachs
All Articles
Litigation
Bylaws
California Finalizes a New Regulatory Regime for Testing and Deploying Autonomous Vehicles
Adam M. Raviv
All Articles
California
California Supreme Court: Right to Jury Trial Does Not Bar Enforcement of a Delaware Forum Selection Clause
Matthew J. Dolan
Jaime A. Bartlett
All Articles
Litigation
Bylaws
Delaware
Cashing Out: How Early Investors Can Cash Out and What It Means for the Company
Michael Podolny
Charles E. Santoro
All Articles
M&A
IPO
Chancery to Directors: Don’t Play Dirty
Hille R. Sheppard
Natalie A. Piazza
All Articles
Litigation
Bylaws
Children’s Privacy in 2026: From Australia’s Under-16 Social Media Ban to a Shift Beyond Notice-and-Consent in the United States
Michael C. Hochman
Colleen Theresa Brown
Sheri Porath Rockwell
Ben Cross
All Articles
Litigation
AI
Complying with New EU AI Act Transparency Obligations
Francesca Blythe
Eleanor Dodding
All Articles
AI
International
Courts Set Clear Standards for How Lawyers Use AI in Litigation
Gregory Lantier
Liv Herriot
Raneem Eter
Gilbert Smolenski
All Articles
Litigation
AI
Current AI Usage Rules in the Most Popular Patent Infringement Case Venues
Alexis Cohen
Gregory Lantier
Liv Herriot
Gilbert Smolenski
All Articles
AI
IP
Cyber Strategy at the AI Frontier: President Trump Releases Executive Order to Promote Advanced Artificial Intelligence Innovation and Security
David C. Lashway
John Woods
Jennifer B. Seale
Michael C. Hochman
Cole R. Rianda
All Articles
AI
Cybersecurity
Delaware Adopts Significant Changes to Its General Corporation Law
Paul L. Choi
Jim Ducayet
David Grubman
J. Mark Metts
Charlotte K. Newell
All Articles
Litigation
Delaware
Delaware Affirms Limits on Hypothetical Bylaw Challenges
Reuben Zaramian
Ram Sachs
Arthur E. Adler
Charlotte K. Newell
All Articles
Litigation
Bylaws
Delaware Supreme Court Upholds Section 144 Safe Harbor Amendments
Jaime A. Bartlett
Paul L. Choi
Jim Ducayet
David Grubman
Anika Hermann Bargfrede
All Articles
Litigation
Derivative, Unripe, and Untimely Stockholder Claims
Robin E. Wechkin
Madison J. Ferraro
All Articles
Litigation
Delaware
Stockholder Claims
“DExit” – Why Delaware is Being Questioned Now
Michael Podolny
All Articles
Incorporation
Delaware
Texas
Down Rounds Decoded: Understanding Anti-Dilution Protections
Fares Chehabi
Geoff Levin
All Articles
Fiduciary Duties
Financings
Earnouts, AI, and Equitable Remedies: Delaware Court Reinstates CEO and Extends Payout Clock
Sharon Flanagan
Sally Wagner-Partin
Sacha Jamal
All Articles
Privilege
Employee Classification Pitfalls
Rebecca Stuart
All Articles
Litigation
M&A
Employment Discrimination Amounts to Violation of False Claims Act
Kristin Graham Koehler
Jaime L.M. Jones
H. Boyd Greene IV
Kyle J. Fiet
Joseph R. LoCascio
All Articles
Litigation
Employee Matters
Engage Before You Mandate: When to Start Working With Bankers Pre-IPO
Ellen Park
All Articles
M&A
IPO
Engineering an Exit: M&A Preparedness for Private Companies
Alison M. Lehner
Amanda Artese
All Articles
Litigation
IP
European Data Protection Board Publishes Draft Guidelines on Anonymisation
Francesca Blythe
Matthias Bruynseraede
All Articles
AI
Data & Privacy
International
FDA’s Elsa at Eleven Months: AI-Powered Operations and One-Day Inspections Signal a New Oversight Paradigm
Raj D. Pai
Jaclyn G. Fonteyne
Andrew James
Julea Lipiz
All Articles
AI
Life Sciences and Healthcare
FinCEN Issues Interim Final Rule for Corporate Transparency Act
Kwaku A. Akowuah
David C. Buck
Rob R. Carlson
Paul M. Tyrrell
All Articles
CTA
Generative AI and Privilege: Practical Lessons from Two Early Decisions and What Comes Next
David A. Gordon
Takayuki Ono
Matt S. Jackson
William J. Lawrence
Kseniya K. Belysheva
All Articles
Privilege
Generative AI in Discovery: Protective Orders as an Emerging Point of Dispute
David A. Gordon
Takayuki Ono
Matt S. Jackson
Daniel Lim
Stephen Beemsterboer
All Articles
AI
Litigation
Generative AI Meets Copyright Scrutiny
Lauren M. De Lilly
Nima H. Mohebbi
Rollin A. Ransom
Randi Singer
Kristina Martinez
All Articles
Getting Your House in Order: Corporate Housekeeping in Preparation for a Major Transaction
Rebecca Nauta
Zani Doumbia
All Articles
Privilege
Litigation
If Your AI Vendor Goes Bankrupt: Keeping Licensed IP Access
Andrew M. Klauber
Andrew Townsell
Anthony R. Grossi
All Articles
AI
IP
If Your AI Vendor Goes Bankrupt: Tackling Privacy and ‘Utility’
Andrew M. Klauber
Andrew Townsell
Anthony R. Grossi
All Articles
AI
IPO Diligence and Common Pitfalls
Craig Hilts
All Articles
IPO
Due Diligence
Liquidity
IPO Prep: Advance Planning & Key Initial Decisions
Craig Hilts
All Articles
IPO
Due Diligence
Liquidity
Is my product a medical device? EU Court judgment clarifies that the test includes objective function and intended purpose, and provides guidance relevant to software and AI-enabled tools
Dr. Chris Boyle
Zina Chatzidimitriadou
All Articles
Litigation
AI
International
Legal Implications in AI Development and Deployment: Training Data and Grounding Data
Stephen M. Fronk
Zach Johnston
All Articles
AI
Copyright
Legal Issues Arising From the Use of Artificial Intelligence in Drug Development
Adriana V. Tibbitts
Alison M. Lehner
Frank Rahmani
Jason Kropp
All Articles
AI
Lexology: In-Depth: Privacy, Data Protection and Cybersecurity
David C. Lashway
William RM Long
Francesca Blythe
Matthias Bruynseraede
Jonathan M. Wilan
All Articles
Data & Privacy
International
Cybersecurity
Navigating an Uncertain Market Amidst Cautious Optimism: Steps Biotech Companies Can Take to Hedge Against Financial Fluctuations
Sam Newman
All Articles
M&A
No Release Necessary: Delaware Court Draws a Line on Release Conditions in M&A
Peter J. Mardian
Barret V. Armbruster
All Articles
Litigation
M&A
Parties to Delaware LLC Agreements Cannot Circumvent Fiduciary Duty Waivers via Implied Covenant of Good Faith and Fair Dealing
Alex J. Kaplan
All Articles
Litigation
Fiduciary Duties
Personalized Pricing: The FTC’s Newest Enforcement Priority
Lauren C. Freeman
Benjamin M. Mundel
Jeremy Rozansky
All Articles
Litigation
Data & Privacy
Planning for the Impact of FinCEN’s Corporate Transparency Act Rollback
David C. Buck
Paul M. Tyrrell
Michael D. Mann
All Articles
CTA
Prediction Market “Insider Trading” Revisited: Technology Employee Charged With Using Confidential Corporate Information to Profit from Event Contracts
Matthew Podolsky
Ian McGinley
Lisa H. Miller
Michael D. Mann
Nicole A. Heise
All Articles
Litigation
Employee Matters
Prediction Markets and Insider Trading: Why Organizations Should Update Compliance Policies Now
Katie LaVoy
Sara M. von Althann
Sonia Gupta Barros
Holly J. Gregory
Ian McGinley
All Articles
Litigation
Employee Matters
Preserving ISO Status: What to Know Before Amending Option Awards
Nicholas Frey
Emily Ivers
All Articles
M&A
Employee Matters
Stock Options
Public Benefit Corporation Directors not Obligated to get Best Price
Ian M. Ross
Vincent J. Margiotta
All Articles
Litigation
Fiduciary Duties
Restrictive Covenants in California
Rebecca Stuart
All Articles
Litigation
IP
Reviving Equity Incentives: Private Company Stock Option Repricing
Nicholas Frey
Eric Zhao
All Articles
Fiduciary Duties
Governance
Liquidity
Risk Analysis in the Crosshairs: Four Recent Ransomware Resolutions Preview the HIPAA Security Rule Amendments
Michael C. Hochman
Sasha Hondagneu-Messner
Brad A. Carney
All Articles
Data & Privacy
Litigation
Same Securities, New Rails: How Tokenization Is Reshaping Market Infrastructure
Andrew J. Sioson
Simrat K. Kohli
All Articles
Tokens
Securities
Scientific Research and the GDPR: European Data Protection Board Issues Long-Awaited Guidelines
Francesca Blythe
Eleanor Dodding
All Articles
Data & Privacy
GDPR
SFC Signals Tougher Approach to Legal Privilege Claims
Dominic James
David Kalani Lee
All Articles
Privilege
Litigation
Sidley Discusses the Evolving Corporate Diversity, Equity, and Inclusion Landscape
Justin C. Nowell
Kristen L. Mitsinikos
All Articles
Litigation
Strategies for Early-Stage Biotech Companies
Adam Welland
All Articles
IP
M&A
Strayed from the Path: Dodiya v. Franklin and the Emerging Rules of the DGCL’s Section 144 Safe Harbors
John H. Butler
Adam Cromie
David Grubman
Courtney Hauck
Arthur E. Adler
All Articles
Litigation
M&A
Taming the AI Wild West: Do’s and Don’ts for Responsible GenAI Use
Rachelle Soderstrom
Sheri Porath Rockwell
All Articles
AI
Ten To-Do’s For Transitioning From Academia To Entrepreneurship
James Lu
Daniel Wei
All Articles
IP
Financings
Texas Age Verification Law Upheld: U.S. Supreme Court Balances Free Speech and Child Protection in the Digital Age
Lauren M. De Lilly
Nima H. Mohebbi
Rollin A. Ransom
Randi Singer
Kristina Martinez
All Articles
Litigation
Texas
Texas Corporate Litigation Reforms Take Hold: Federal Court Enforces Texas’s 3% Ownership Requirement for Derivative Claims
Yolanda C. Garcia
Mason Parham
Nathan S. Burkes
All Articles
Litigation
Incorporation
Texas Legislature Continues to Tweak the Business Court Formula
Angela C. Zambrano
Natali Wyson
Chelsea A. Priest
All Articles
Litigation
IP
Texas
Texas Seeks to “Seize the Moment” by Enacting Major Changes to Business Organizations Code
Yolanda C. Garcia
George J. Vlahakos
Mason Parham
All Articles
Litigation
Fiduciary Duties
Texas
Texting in Texas: Texas AG Settlement Clarifies No Registration Needed for Consent-Based Text Messaging
Jonathan M. Wilan
Ian M. Ross
Sheri Porath Rockwell
Garrett Lance
All Articles
Litigation
Texas
Texting in Texas: The State Expands Telemarketing Registration Requirements to Include Text Marketers
Garrett Lance
Jonathan M. Wilan
Ian M. Ross
Sheri Porath Rockwell
All Articles
Litigation
Texas
The AI Patent Litigation War Hasn’t Started—But It’s Coming Fast
Alexis Cohen
All Articles
Litigation
AI
There’s a New Sheriff in Town — Texas as Privacy Regulator
Garrett Lance
All Articles
AI
Data & Privacy
The Trump Administration’s 2025 AI Action Plan – Winning the Race: America’s AI Action Plan – and Related Executive Orders
Colleen Theresa Brown
Michael E. Borden
Jen Fernandez
Sharon Flanagan
Michael C. Hochman
All Articles
AI
The UK’s First Copyright vs. AI Decision: Key Takeaways on a Win for the AI Industry
Clive Gringras
Elisabetta Righini
David Smith
All Articles
Litigation
AI
Timing Is Everything: Section 220 Standing After a Merger Closes
Matthew J. Dolan
Chelsey Miao
All Articles
Litigation
M&A
UK Looks To Modernize Medicines And Medical Device Regulation In The Era Of AI
Dr. Chris Boyle
Zina Chatzidimitriadou
All Articles
AI
International
Understanding Attorney-Client Privilege
Melissa Colón-Bosolet
Natalie Jean
All Articles
Privilege
Litigation
Unpacking the December 11, 2025 Executive Order: Ensuring a National Policy Framework for Artificial Intelligence
Colleen Theresa Brown
Michael C. Hochman
Kwaku A. Akowuah
Michael E. Borden
Christopher T. Shenk
All Articles
Litigation
AI
Use It or Lose It: Texas Courts Take a Close Look at the Concept of Informal Fiduciary Relationships
Yolanda C. Garcia
Mason Parham
Nathan S. Burkes
All Articles
Litigation
Texas
LLC
What Do the European Data Protection Board’s Web Scraping Guidelines Mean for AI Training Datasets?
Francesca Blythe
Eleanor Dodding
All Articles
AI
Data & Privacy
International
What is a Greenshoe?
Rosemary Reilly
Craig Hilts
All Articles
M&A
IPO
When AI Changes the Deal: Rethinking Risk, Milestones, and Timing in Life Sciences M&A
Sally Wagner-Partin
Torrey Cope
Sharon Flanagan
All Articles
AI
M&A
When “The Devil Made Me Do It” Is Not a Defense: Lessons in AI Governance and Organizational Oversight from an SDNY Decision
David A. Gordon
Takayuki Ono
Matt S. Jackson
Daniel Lim
Kseniya K. Belysheva
All Articles
Litigation
AI
White House Issues Executive Orders on Quantum Innovation and Security
David C. Lashway
John Woods
Cole R. Rianda
Philip Robbins
James Atlas
All Articles
Data & Privacy
Whose Deal Is It Anyway? Conflicts of Interest and the Corporate Opportunity Doctrine in the Boardroom
Graeme Waller
All Articles
Litigation
M&A
With Great Flexibility Comes Great Responsibility (to Draft LLC Agreements Carefully)
James Heyworth
All Articles
Litigation
Delaware
Words Matter: Delaware Supreme Court Reinforces the Importance of Precision in Drafting ADR Provisions in Merger Agreements
Jaime A. Bartlett
Eric Jung
All Articles
Litigation
M&A
The Basics
Regulatory and Government
Liquidity and Exits
Employee Matters
Defending Lawsuits
IP, Data Privacy, Cybersecurity