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HTMLDirect Claims Against UK Insurers of Insolvent Defendants
Tyrone R. (Ty) Childress, Ian F. Lupson, Barnaby C. Stueck; Jones Day;
Legal Alert/Article
June 26, 2016, previously published on June 2016
On 1 August 2016, six years after it received Royal Assent, the UK Third Parties (Rights Against Insurers) Act 2010 (the "2010 Act") will finally come into force. It is expected to provide an effective mechanism for third-party claimants to seek recovery directly from an insolvent...

 

HTMLTax Court Rejects IRS Transfer Pricing Approach in Medtronic
Joseph A. (Joe) Goldman, Lori A. Hellkamp, Karl L. Kellar, Edward T. (Ed) Kennedy; Jones Day;
Legal Alert/Article
June 26, 2016, previously published on June 2016
Medtronic Inc. & Consolidated Subsidiaries v. Commissioner (T.C. Memo. 2016-112) is the latest defeat for the U.S. Internal Revenue Service ("IRS") in a string of transfer pricing losses. The IRS sought to increase royalties payable from a Puerto Rico affiliate to Medtronic, Inc....

 

HTMLSupreme Court Upends Law of Treble Damages in Patent Cases
Gregory A. (Greg) Castanias, Randy Kay, Greg Lanier, David M. (Dave) Maiorana, Kelsey I. Nix; Jones Day;
Legal Alert/Article
June 23, 2016, previously published on June 2016
On June 13, 2016, the United States Supreme Court dealt the Federal Circuit another reversal on an issue of law fundamental to patent infringement litigation. Prior to the Court's decision in Halo Electronics, Inc. v. Pulse Electronics, Inc., No. 14-1513 (which was consolidated for decision with...

 

HTMLThird Time's a Charm for Net Neutrality: D.C. Circuit Upholds FCC's Reclassification of Broadband
Michael B. Hazzard, Bruce A. Olcott, Preston N. Thomas; Jones Day;
Legal Alert/Article
June 23, 2016, previously published on June 2016
After seven years and three tries, the Federal Communications Commission ("FCC") appears to have found the winning combination for a defensible net neutrality policy. In a sweeping 2-1 decision, the U.S. Court of Appeals for the D.C. Circuit upheld the 2015 "Open Internet...

 

HTMLFederal Bank Regulators Propose New Long-Term Liquidity Standards
Lisa M. Ledbetter, Courtney Lyons Snyder; Jones Day;
Legal Alert/Article
June 23, 2016, previously published on June 2016
The Board of Governors of the Federal Reserve System ("Board"), Office of the Comptroller of the Currency ("OCC"), and Federal Deposit Insurance Corporation ("FDIC") (collectively, the "Agencies") each recently released a joint proposed rule, Net Stable...

 

HTMLU.S. Supreme Court Holds that "Actual Fraud" Discharge Bar Encompasses Fraudulent Transfers
Shay Dvoretzky, Emily J. Kennedy; Jones Day;
Legal Alert/Article
June 16, 2016, previously published on May 2016
On May 16, 2016, the U.S. Supreme Court decided Husky International Electronics, Inc. v. Ritz, No. 15-145, holding that the "actual fraud" bar to discharge under section 523(a)(2)(A) of the Bankruptcy Code encompasses an individual debtor's knowing receipt of fraudulently transferred...

 

Adobe PDFDOL Mandates 100% Increase in Minimum Salary to Satisfy Fair Labor Standards Act White Collar Overtime Exemptions
Fred W. Alvarez, Craig S. Friedman, Michael J. Gray, Brian M. Jorgensen, Teresa R. Rodela; Jones Day;
Legal Alert/Article
June 16, 2016, previously published on May 2016
On May 18, 2016, the U.S. Department of Labor ("DOL") issued its final rule updating and revising the overtime exemptions for executive, administrative, and professional employees under the Fair Labor Standards Act ("FLSA"), 29 U.S.C. § 201, et seq. (the "Final...

 

HTMLCFPB Proposes New Rule on Mandatory Consumer Arbitration Clauses
Lisa M. Ledbetter, Sanjay Narayan; Jones Day;
Legal Alert/Article
June 16, 2016, previously published on May 2016
Arbitration as a means of dispute resolution is intended to help consumers and businesses save time and money and achieve fair results when compared to traditional litigation. Millions of contracts for consumer financial products and services have a pre-dispute arbitration clause that requires...

 

HTMLEuropean Antitrust Enforcers Move on Holders of Big Data
Thomas Jestaedt; Jones Day;
Legal Alert/Article
June 16, 2016, previously published on May 2016
Recent months have seen a surge of new initiatives by European antitrust enforcers applying competition law rules to holders and processors of "big data." Big data often is described as the accumulation of a significant volume of different types of data, produced at high speed from...

 

HTMLCongress Passes Measure to Facilitate the Reduction of Duties on Certain Imports
Laura Fraedrich, Chase D. Kaniecki, Christopher M. Tipler; Jones Day;
Legal Alert/Article
June 16, 2016, previously published on May 2016
On May 11, 2016, Congress passed the American Manufacturing Competitiveness Act of 2016 ("Act"). The Act reforms the Miscellaneous Tariff Bill ("MTB") process, pursuant to which Congress suspends or reduces tariffs on merchandise imported into the United States. While measures...

 


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