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HTMLParliament Green Lights Deregulation of Italian Commercial Property Leases
Francesca Tresoldi, Matteo Troni; Jones Day;
Legal Alert/Article
December 16, 2014, previously published on November 2014
Effective November 12, 2014, the Italian Parliament has approved with amendments Law Decree no. 133/2014 ("Sblocca Italia"), through the enactment of Conversion Law no. 164/2014 (the "Conversion Law").

 

HTMLVoter's Remorse: Taking Back an Acceptance or Rejection of a Chapter 11 Plan
Mark G. Douglas, Charles M. Oellermann; Jones Day;
Legal Alert/Article
December 16, 2014, previously published on November/December 2014
After a creditor or equity security holder casts its vote to accept or reject a chapter 11 plan, the vote can be changed or withdrawn "for cause shown" in accordance with Rule 3018(a) of the Federal Rules of Bankruptcy Procedure ("Rule 3018(a)"). However, "cause" is...

 

HTMLDOJ Brings "Gun Jumping" Enforcement Action and Requires Disgorgement
Kathryn M. Fenton, J. Bruce McDonald, Thomas D. York; Jones Day;
Legal Alert/Article
December 16, 2014, previously published on November 2014
The U.S. Department of Justice has announced the settlement of an enforcement action challenging illegal "gun jumping," which is the coordination of the business activities of companies that are planning a merger but where the government has not completed its pre-closing review of the...

 

HTMLEnergy Update: Risk and Opportunity Amid Falling Oil Prices
Jonathan M. Fisher, Thomas A. Howley, William Prescott Mills, Omar Samji, Jeffrey A. Schlegel; Jones Day;
Legal Alert/Article
December 16, 2014, previously published on December 2014
The mainstream media have been trying to predict, on almost a daily basis, the causes of, and the winners and losers (mostly focused on the latter category) resulting from, the current volatility in oil and gas prices. Regardless of the cause, as of the end of November 2014, the American price for...

 

HTMLNew York Puts Assets in Foreign Bank Branches Beyond the Reach of Judgment Creditors
Lee A. Armstrong, Sevan Ogulluk; Jones Day;
Legal Alert/Article
December 16, 2014, previously published on November 2014
Two weeks ago, the New York Court of Appeals issued a decision of great importance to global financial institutions. For the first time, the state's highest court confirmed that New York common law prevents a court from freezing a civil judgment debtor's assets held in foreign bank accounts....

 

HTMLEnforcement of Covenants Not to Compete in Pennsylvania When the Employer Terminates the Employment Relationship
Jeffrey J. Bresch, Rebekah Byers Kcehowski, Katelyn M. Matscherz; Jones Day;
Legal Alert/Article
December 16, 2014, previously published on December 2014
Will Pennsylvania courts enforce a restrictive covenant against a terminated employee? In short, assuming the termination is not wrongful, Pennsylvania courts may enforce the restrictive covenant notwithstanding the employee's termination under certain circumstances. Insulation Corp. of Am. v....

 

HTML2015 HHS OIG Work Plan Focuses on Payment Accuracy, Privacy Concerns, and Insurance Marketplaces
Laura F. Laemmle-Weidenfeld, Heather M. O'Shea, Rebekah N. Plowman, Stephen G. Sozio, Heidi Ann Wendel; Jones Day;
Legal Alert/Article
December 16, 2014, previously published on November 2014
On October 31, 2014, the Department of Health and Human Services ("HHS"), Office of Inspector General ("OIG") published its Work Plan for Fiscal Year 2015 ("2015 Work Plan") to provide an annual summary of new and ongoing OIG audit activities related to HHS programs....

 

HTMLLuxembourg Leaks: Potential Risks to Companies Whose Luxembourg Tax Rulings Have Been Released to the Public
Lodewijk P.W. Berger, Thomas Jestaedt, Scott M. Levine, Howard M. Liebman, Raymond J. Wiacek; Jones Day;
Legal Alert/Article
December 16, 2014, previously published on November 2014
This week, the so-called "International Consortium of Investigative Journalists" ("ICIJ"), on its website, leaked a total of 548 tax rulings that multinational companies obtained in Luxembourg in the period from 2002 to 2010.

 

HTMLThe UK Court of Appeal Orders a Retrial in Landmark Keyword Advertising Case
Indradeep Bhattacharya, Alastair J. McCulloch; Jones Day;
Legal Alert/Article
December 16, 2014, previously published on November 2014
The UK Court of Appeal ("CA") has unanimously overturned the first instance finding of infringement in Interflora v Marks & Spencer and has ordered a retrial. The CA's decision to order a retrial is unusual, although it is most likely a function of the unique circumstances surrounding...

 

HTMLIndustrial Disputes More Likely as Prime Minister Increases Pressure on Corrupt Trade Unions
Adam Salter; Jones Day;
Legal Alert/Article
December 16, 2014, previously published on November 2014
The tradition of new Australian federal governments making widespread legislative changes to labour law upon winning power seemed to have been broken in 2013: the newly elected Prime Minister Tony Abbott had already declared that the labour policies of the previous Liberal government were...

 


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