Web: Short Sales Bans in Response to the COVID-19 Pandemic

Web

Short Sales Bans in Response to the COVID-19 Pandemic

Barnabas Reynolds, Thomas Donegan, Russell Sacks

Shearman & Sterling,  1 April 2020

In the wake of the COVID-19 pandemic, numerous European jurisdictions, including France, Italy, Spain, Greece and Belgium have enacted short sale bans in an attempt to stabilize financial markets and maintain investor confidence. The following note provides an overview of these bans as well as an overview of the 2008 partial ban(s) on short selling by the U.S. in response to the financial crisis. To date, the United States has not yet indicated that it is considering a ban on short selling in response to market volatility due to the COVID-19 pandemic.

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