Document(s) published by this organization: 382
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|PRC Laws No Excuse for Non-compliance with SFC Requests|
Susanne J. Harris, John M. Hickin, Nicholas D. Hunsworth, Billy Y. C. Lam, Thomas S. T. So; Mayer Brown JSM;
June 11, 2014, previously published on June 5, 2014On 23 May 2014, the Court of First Instance ordered Hong Kong accounting firm Ernst & Young (EY) to produce documents relating to a PRC company, Standard Water Limited (the "Company"), to the Securities and Futures Commission (SFC). The court rejected EY's argument that it did not...
|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 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...
|Tip of the Month: Managing the Risks and Costs Associated with Governance of “Custodial” Data|
Therese Craparo, Anthony J. Diana; Mayer Brown LLP;
June 4, 2014, previously published on May 30, 2014A large organization is selling one of its business units. Questions arise about how to define the scope of data associated with employees in the business unit being sold that may need to be transferred to the new owner and whether to implement a process for remediating “custodial” data...
|Analysis of Proposed Hydrocarbon Legal Regime in Mexico|
Pablo C. Ferrante, John D. Furlow, Dallas Parker, Gabriel J. Salinas, Jose L. Valera; Mayer Brown LLP;
June 4, 2014, previously published on May 30, 2014President Enrique Peña Nieto has introduced to the Mexican Congress nine new bills, as well as proposed amendments to several existing laws, to implement the constitutional energy reform that became effective on December 21, 2013. The constitutional energy reform eliminates a restrictive...
|US Department of Energy Proposes to Suspend Conditional LNG Export Approvals to Non-FTA Countries and to Abandon Existing Order of Precedence|
David I. Bloom, J. Paul Forrester, Brantley Webb; Mayer Brown LLP;
June 4, 2014, previously published on June 2, 2014The US Department of Energy (DOE) has proposed to suspend its current practice of issuing conditional decisions on applications to export liquefied natural gas (LNG) from the lower-48 states to foreign countries without free trade agreements (FTAs) with the United States. Instead, according to its...
|Federal Tax Debts Installment Program - The Adherence Term is Reopened|
Roberta P. Caneca, Ivan Tauil, Thais Bandeira de Mello Rodrigues; Mayer Brown LLP;
June 4, 2014, previously published on May 29, 2014With the conversion of provisional measure (MP) No. 627 into Law No. 12,973/2014, the adherence term of the federal installment payment programs is open again until July 31, 2014. The reopened programs are: (I)Federal Tax Recuperation Program (‘’Refis da Crise’’), (II)...
|SAFE Eases Control over Cross-border Security|
Irene Y. S. Lau, Joe K. L. Tam; Mayer Brown JSM;
June 4, 2014, previously published on May 30, 2014The State Administration of Foreign Exchange of the PRC (SAFE) has recently issued the Provisions on Foreign Exchange Administration of Cross-Border Security and the relating implementation guidelines (collectively the "New Regulations"). The New Regulations are to come into effect on 1...
|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...