Document(s) published by this organization: 325
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|NAIC Private Equity Issues (E) Working Group Continues Drafting of Additions to Financial Analysis Handbook for Regulatory Review of Acquisitions of Insurers|
Mayer Brown LLP;
December 2, 2014, previously published on November 11, 2014In our Second Quarter 2014 Bulletin, we reviewed the efforts of the NAIC Private Equity Issues (E) Working Group (the “PEI Working Group”) to draft changes to the NAIC’s Financial Analysis Handbook to provide additional guidance for state insurance examiners who review “Form...
|Provisional Version of European Commission’s Adopted Solvency II Delegated Regulation|
Mayer Brown LLP;
December 2, 2014, previously published on November 11, 2014On October 10, 2014, the European Commission published a provisional version of the text of a Delegated Regulation it has adopted supplementing the Solvency II Directive (2009/138/EC). It also published provisional versions of the 26 Annexes to the Delegated Regulation on its Solvency II webpage,...
|NAIC Group Solvency IssuesWorking Group to Revise the Model Holding Company Act to Add Provisions Regarding “Group-Wide Supervision of Internationally Active Insurance Groups”|
Mayer Brown LLP;
November 28, 2014, previously published on November 11, 2014At the NAIC Spring National Meeting inMarch 2014, the Group Solvency Issues (E) Working Group (“GSIWG”) was tasked with considering whether amendments should be made to address issues that have arisen since the adoption of the 2010 amendments to the Model Insurance Holding Company...
|DC Pensions Flexibility: Legislation Laid Before Parliament|
Ian Wright; Mayer Brown International LLP;
November 15, 2014, previously published on October 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 defined contribution (“DC”) benefits, meaning...
|Shanghai Free Trade Zone Further Relaxes Foreign Investment Restrictions on First Anniversary|
Gavin W. H. Guo, Betty F. K. Tam; Johnson Stokes & Master Mayer Brown JSM;
November 15, 2014, previously published on November 6, 2014Since its official launch in 2013, the China (Shanghai) Pilot Free Trade Zone (“Shanghai FTZ”) has recently celebrated its first anniversary. Over the past year, various policies relating to foreign investment have been promulgated in the 29 square kilometre Shanghai Free Trade Zone in...
|US Securities and Exchange Commission Adopts Amendments to Money Market Fund Rule (Rule 2a-7)|
Leslie S. Cruz, Peter M. McCamman, Amy Ward Pershkow; Mayer Brown LLP;
November 15, 2014, previously published on October 27, 2014On July 23, 2014, the US Securities and Exchange Commission (“SEC”) by a 3-2 vote, adopted amendments to Rule 2a-7 under the Investment Company Act of 1940 (“1940 Act”), as amended (“Rule 2a-7” or the “Rule”).1 Rule 2a-7 imposes quality, liquidity,...
|Managing the Electronic Discovery Vendor Relationship|
Patrick Garbe, Chris Hansen; Mayer Brown LLP;
November 15, 2014, previously published on October 2014A large international company is in the midst of antitrust litigation. After carefully selecting the electronic discovery vendor that will handle the processing, hosting, review and production of the responsive documents, the company’s counsel needs to manage the vendor relationship...
|Marine Insurance Warranty Upheld|
Bill Amos, Tow Lu Lim, Jenny W. Y. Yu; Mayer Brown JSM;
November 15, 2014, previously published on October 29, 2014A marine insurance dispute that ascends to Hong Kong’s Court of Final Appeal is both a rarity and a matter of international legal interest, given that Hong Kong’s statute is in identical terms to the UK’s seminal Marine Insurance Act 1906. The case in question, Hua Tyan...
|US Court of Appeals Confirms that Expert Testimony Must Offer Scientific Proof, Not Hypotheses, on Causation|
Carl J. Summers; Mayer Brown LLP;
November 14, 2014, previously published on October 30, 2014In a recent decision, the US Court of Appeals for the Eleventh Circuit affirmed summary judgment for a defendant based on the trial judge’s exclusion of expert testimony opining that a calcium-zinc compound in Fixodent denture adhesive caused the plaintiff’s neurological disorder. The...
|China Customs Set Up Enterprise Credit Management System|
Cecil Leong, Flora H. Sun; Mayer Brown LLP;
November 14, 2014, previously published on October 27, 2014China Customs published Customs Interim Measures on Enterprise Credit Management (Interim Measures) on 8 October 2014. It is a part of an effort by the Chinese Government to establish a Social Credit System based on a 2014-2020 plan of the State Council. The new system will replace the existing...