Making Adverse Effects Material Again

By Joshua Berick, Arnold & Porter LLP ( December 15, 2016, 11:23 AM EST) -- In the wake of Donald J. Trump's election, the financial markets have reacted positively, and some commentators have expressed cautious optimism that a Trump administration might achieve some of its stated goals in "supercharging" the U.S. economy. Wall Street pundits may be comforted by the presence of familiar faces such as Wilbur Ross and Steven Mnuchin in President-elect Trump's cabinet, but the potential impact of the election on international trade and the regulatory environment, coupled with the fallout from the Brexit vote and looming political unrest across Western Europe, may result in uncertainty in deal markets in the near term....

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