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HTMLBrexit: Immigration and Emigration
Rosanna M. Fox, Russell D. Lamb, Ian R. Macdonald; Greenberg Traurig, LLP;
Legal Alert/Article
July 22, 2016, previously published on July 7, 2016
This note addresses the impact of Brexit on UK immigration laws. It is one of a series of GTM Alerts designed to assist businesses in identifying the legal issues to consider and address in response to the UK's referendum vote of 23 June 2016 to withdraw from the European Union

 

HTMLMajor Changes to the Fund Distribution Exemption in Japan: The Amendment to the FIEA’s Article 63 Exemption
Makoto Koinuma, Koichiro Ohashi, Yukari Sakamoto, John Stapleton; Greenberg Traurig Horitsu Jimusho;
Legal Alert/Article
July 22, 2016, previously published on July 6, 2016
An amendment to the Financial Instruments and Exchange Act1 (the FIEA) was promulgated on June 3, 2015, and went into effect on March 1, 2016 (the Amendment). One of the main purposes of enacting the Amendment was to tighten regulations on fund distribution and management businesses with an Article...

 

HTMLEU-U.S. Privacy Shield v 2.0 Signed, Sealed, and Delivered
Françoise Gilbert, Marie-José van der Heijden; Greenberg Traurig, LLP;
Legal Alert/Article
July 22, 2016, previously published on July 8, 2016
The European Commission and the U.S. Department of Commerce have agreed on a new draft of the Privacy Shield agreement (Shield v 2.0). The documents that form the Privacy Shield v 2.0 are an updated version of those that were published in late February 2016, and were subsequently criticized by the...

 

HTMLThe eIDAS Regulation: Introducing New Electronic Signature Rules
Viola Bensinger, Carsten Kociok, Stefan Lütje; Greenberg Traurig Germany, LLP;
Legal Alert/Article
July 22, 2016, previously published on July 1, 2016
On 1 July 2016, new rules for electronic signatures and other electronic trust services under the 2014 eIDAS Regulation will become effective in all member states of the European Union. Since it is a regulation, no implementation into the national laws will be necessary.

 

HTMLNYS “Ethics Reform” Legislation Imposes New Requirements on Political Consultants, State Independent Expenditure Committees, PACs, and other Political Committees
Mark F. Glaser, Joshua L. Oppenheimer; Greenberg Traurig, LLP;
Legal Alert/Article
July 11, 2016, previously published on June 24, 2016
In the final hours of the 2016 New York State legislative session, legislation summarized by the Governor and Legislative Leaders as a “5 Point Ethics Reform Plan,” was introduced at the request of the Governor. This legislation that passed at the end of the Legislative Session and is...

 

HTMLNYS “Ethics Reform” Legislation Overturns Ethics Commission’s Definition of Grassroots Lobbying; Changes Standards for Disclosure of Sources Funding to Lobbying and Advocacy Groups; Adjusts Commission Procedures and Penalties
Mark F. Glaser, Joshua L. Oppenheimer; Greenberg Traurig, LLP;
Legal Alert/Article
July 11, 2016, previously published on June 24, 2016
In the final hours of the 2016 New York State legislative session, a bill summarized by the Governor and Legislative Leaders as a “5 Point Ethics Reform Plan,” was introduced at the request of the Governor. This legislation that passed at the end of the Legislative Session and is...

 

HTMLThe 11th Circuit Finds the SEC’s Claim for Disgorgement Time-Barred, Thereby Creating a Circuit Split
David A. Coulson, Robert A. Horowitz, Jared R. Kessler; Greenberg Traurig, LLP;
Legal Alert/Article
July 7, 2016, previously published on June 10, 2016
Creating a split with the United States Courts of Appeals for the D.C. Circuit, the 11th Circuit Court of Appeals recently determined that the five-year limitations period applicable to SEC enforcement actions bars not only civil monetary penalties, but also declaratory relief and disgorgement. See...

 

HTMLBrexit: The UK Votes to Leave the European Union
Naomi Feinstein, Graham Iversen, Lisa Navarro, Cate Sharp, Gillian Sproul; Greenberg Traurig Maher LLP;
Legal Alert/Article
July 7, 2016, previously published on June 24, 2016
The UK voted yesterday to leave the European Union. The timetable for the UK’s exit, the terms of exit, and the UK’s post-exit relationship with the European Union (EU), are still to be determined, which will take time. Until these issues are clarified, firms with a UK presence, or UK...

 

HTMLEU Network and Information Security Directive Expected to Enter into Force August 2016: Will Your EU Operations be Affected?
Ian C. Ballon, Viola Bensinger, Luke Dixon, Françoise Gilbert, Lori S. Nugent; Greenberg Traurig, LLP;
Legal Alert/Article
July 7, 2016, previously published on June 20, 2016
The European Parliament is expected to adopt the Network and Information Security Directive (the NIS Directive) during its plenary session in early July, following which the NIS Directive should enter into force August 2016. Each EU Member State (Member State) will then have 21 months to implement...

 

HTMLA Decent Proposal to Reform the Tax Treatment of Derivatives?
John Kaufmann; Greenberg Traurig, LLP;
Legal Alert/Article
July 7, 2016, previously published on June 10, 2016
At the American Bar Association midyear meeting in January of this year, two panelists who spoke about the straddle rules contained in Internal Revenue Code (Code) section 1092 were asked what they expected would happen to the straddle rules over the subsequent 10 years. One panelist said that she...

 


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