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HTMLDecree No. 8,257/2014 and Normative Instruction No. 1,471/2014
Carolina M. Bottino, Roberta P. Caneca, Marina Cyrino, Ivan Tauil; Tauil & Chequer Advogados in association with Mayer Brown LLP;
Legal Alert/Article
June 11, 2014, previously published on June 5, 2014
On 05/29/2014, Decree No. 8.257/2014 was enacted. The Decree provides the rules for the application of Law No. 10.893/2004 with respect to the Freight Surcharge for Merchant Marine Renewal (AFRMM) and the Merchant Marine Fund (FMM).

 

HTMLTo Disclose or Not to Disclose: Bankruptcy & Substituted Service, Petitioning Creditors Beware
Justine T. K. Lau, Edmund M. S. Ma, Richard M. Tollan; Mayer Brown JSM;
Legal Alert/Article
June 11, 2014, previously published on June 5, 2014
Following our previous legal update on substituted service of a statutory demand against an individual ("Bankruptcy & Substituted Service: Petitioning Creditors Beware...", 2 March 2012), the Court of Appeal’s recent decision in FWD Life Insurance Co (Bermuda) Ltd v. Chan Kim...

 

HTMLOn A Sticky Wicket Against Naughty Litigants
Duncan A. W. Abate, Anita W. C. Lam, Hong Tran; Mayer Brown JSM;
Legal Alert/Article
June 11, 2014, previously published on June 5, 2014
Draft legislation has been proposed to introduce changes to the Labour Tribunal Ordinance.

 

Adobe PDFReducing and Expunging Proofs of Debt and Dealing with Dividend Overpayments
Jennifer Colegate, Richard M. Tollan; Mayer Brown International LLP;
Legal Alert/Article
June 11, 2014, previously published on June 5, 2014
On 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...

 

HTMLBrazil’s Office of the Comptroller General issues Guidelines in Connection with Entertainment of Public officials during the FIFA World Cup in Brazil
Kelly B. Kramer, Salim Jorge Saud Neto; Mayer Brown LLP;
Legal Alert/Article
June 11, 2014, previously published on June 3, 2014
Yesterday (2 June 2014), Brazil’s Office of the Comptroller General enacted Normative Guideline N. 01/2014 prescribing the terms under which Brazilian federal public officials may accept invitations to attend the 2014 FIFA World Cup being held in Brazil. The FIFA 2014 World Cup is the...

 

HTMLPRC 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;
Legal Alert/Article
June 11, 2014, previously published on June 5, 2014
On 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...

 

HTMLIncluding Commission in Holiday Pay - The Pensions Implications
Jonathan Moody, Ian Wright; Mayer Brown International LLP;
Legal Alert/Article
June 11, 2014, previously published on June 2014
The 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...

 

HTMLLegal Limits to Donations in Favor of Political Campaigns
Leonardo Morato; Mayer Brown LLP;
Legal Alert/Article
June 11, 2014, previously published on June 3, 2014
It is election year in Brazil, and in such years it is very common that candidates and political parties seek donations from private companies in order to finance their campaigns.

 

HTMLBrazilian Competition and Trade Alert - New Antidumping Investigation
Eduardo Molan Gaban, Natali de Vicente Santos; Mayer Brown LLP;
Legal Alert/Article
June 11, 2014, previously published on June 9, 2014
Today it was published in the Brazilian Official Gazette the SECEX Circular No. 27, as of June 6th, 2014, determining the initiation of dumping investigation on the imports from Germany, Belgium, Hungary, Netherlands, Portugal, Spain and South Korea of polymeric MDI, classified under...

 

Adobe PDFFederal Tax Debts Installment Program - The Adherence Term is Reopened
Roberta P. Caneca, Ivan Tauil, Thais Bandeira de Mello Rodrigues; Mayer Brown LLP;
Legal Alert/Article
June 4, 2014, previously published on May 29, 2014
With 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)...

 


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