Mayer Brown International LLP London, DC Document Search Results (38)
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|Administration Expenses: The Next Instalment|
David Allen, Ashley Katz, Devi Shah, Jessica Walker; Mayer Brown International LLP;
August 13, 2014, previously published on August 2014The High Court has rejected the argument that amounts owing to British Gas Trading Ltd (BGT) under post-administration, deemed contracts for the provision of gas and electricity are automatically classed as expenses of the administration. The court has reserved for consideration, however, whether...
|Hong Kong Court Recognises Foreign Liquidators|
Jennifer Colegate, Justine T. K. Lau, Edmund M. S. Ma, Richard M. Tollan; Mayer Brown International LLP;
August 5, 2014, previously published on August 4, 2014Did you know that a liquidator of a foreign company may seek the assistance of the Hong Kong Court to obtain orders for the production of information which orders are, in substance, of the type made in Hong Kong windings-up under section 221(3) of the Companies (Winding-up and Miscellaneous...
|Shared Parental Leave: Top 5 Issues to Consider|
Nicholas Robertson; Mayer Brown International LLP;
August 5, 2014, previously published on July 2014The introduction of shared parental leave is intended to provide a framework to support modern working families and allow them to balance childcare responsibilities. Three sets of draft regulations covering shared parental leave and pay have just been laid before Parliament and are due to come into...
|DC Pensions Flexibility: Government Consultation Response Published|
Jonathan Moody, Anna Rogers, Ian Wright; Mayer Brown International LLP;
July 22, 2014, previously published on July 21, 2014In the 2014 Budget, the Government announced what it called “the most fundamental reform to the way people access their pensions in almost a century”. The most significant change announced was that, from April 2015, members with money purchase or cash balance rights would be able to...
|Pension protection fund changes following Olympic Airlines case|
Beth Brown, Ronan McNabb; Mayer Brown International LLP;
July 22, 2014, previously published on July 2014The regulatory amendments drawn up by the Secretary of State for Work and Pensions following the outcome in Trustees of Olympic Airlines SA Pension & Life Assurance Scheme v Olympic Airlines SA have been drafted narrowly and may end up protecting no one other than the beneficiaries of the...
|Reducing and Expunging Proofs of Debt and Dealing with Dividend Overpayments|
Jennifer Colegate, Richard M. Tollan; Mayer Brown International LLP;
June 11, 2014, previously published on June 5, 2014On a recent Mayer Brown JSM application (on behalf of the Liquidators of one of the Lehman Brothers entities) to reduce and expunge proofs of debt, the Hong Kong High Court has ruled that creditors who receive an overpayment of dividends due in respect of a proof of debt which has been...
|Including Commission in Holiday Pay - The Pensions Implications|
Jonathan Moody, Ian Wright; Mayer Brown International LLP;
June 11, 2014, previously published on June 2014The Court of Justice of the European Union has recently decided that where a worker has a contractual right to commission that is calculated by reference to sales achieved by the worker, the statutory holiday pay paid to the worker must take into account that commission. In other words, employers...
|The Extraterritorial Effect of the EU Regulation|
Alexandria Carr; Mayer Brown International LLP;
June 4, 2014, previously published on June 2014On 10 April 2014 some of the legislation that provides for the extraterritorial effect of the European Markets Infrastructure Regulation (“EMIR”) came into force. The remaining legislation will come into force on 10 October 2014. This legal update considers this legislation and the...
|The Definition of “Money Purchase Benefits”: A Brave New World?|
Jonathan Moody; Mayer Brown International LLP;
June 4, 2014, previously published on May 2014The Department for Work and Pensions (the “DWP”) has published the long-awaited final version of the regulations implementing the new statutory definition of “money purchase benefits”. The finalised regulations will require trustees to revisit past decisions in far fewer...
|What’s the Refunds Policy for Rent?|
Kanchan Adik, Nichola Padget; Mayer Brown International LLP;
May 29, 2014, previously published on May 2014The Court of Appeal has set the law straight on the debate over whether a term can be implied in a lease to enable a tenant to get back that part of the advance payment of rent (“the overpaid rent”) which relates to a period (“the broken period”) after the break date, by...