
Publication
International Restructuring Newswire
Welcome to the Q3 2025 edition of the Norton Rose Fulbright International Restructuring Newswire.
United States | Publication | December 28, 2021
The US Supreme Court has scheduled one hour for oral arguments on January 7 to address OSHA's COVID "vaccine or test" Emergency Temporary Standard (ETS). The Court will also hear arguments challenging the earlier Centers for Medicare & Medicaid Services' vaccination requirement for healthcare workers.
Multiple procedural and substantive/Constitutional challenges to the ETS have been filed by states' Attorneys General, trade associations, employers, labor unions and others. At the current stage, the Supreme Court could reinstitute a stay on enforcement of the ETS by OSHA pending further legal proceedings or could allow OSHA to proceed.
The Supreme Court is considering challenges to the Sixth Circuit Court of Appeals December 17 decision dissolving an earlier stay implemented by the Fifth Circuit. The Sixth Circuit was assigned by random lottery to consider all legal challenges to the ETS filed in the various circuit courts. In dissolving the stay, the majority, in a 2-1 decision, determined that OSHA was likely to prevail on the challenges. No final rulings on any have been issued.
If permitted to stand, the ETS requires employers with 100-plus employees to either develop and enforce a mandatory COVID vaccination policy or provide workers with the choice to get vaccinated or undergo weekly testing.
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Welcome to the Q3 2025 edition of the Norton Rose Fulbright International Restructuring Newswire.
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In this edition, Amy Allen and David Hawkins report on the government’s unforeseen (and controversial) proposal to ban upwards only rent reviews in new commercial leases and the potential impact on tenants and landlords.
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The ‘Omnibus package’ is due to be negotiated by the European Parliament and the Council. When initially published by the European Commission on 26 February 2025 (see our previous publication on this here), the Omnibus instantly drew attention in light of the significant changes it sought to introduce to the EU Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CS3D).
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