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HTMLUS Supreme Court Expands (and Potentially Limits) the Reach of the Bank Fraud Statute
Vincent J. Connelly, William Michael, Richard E. Nowak; Mayer Brown LLP;
Legal Alert/Article
July 14, 2014, previously published on July 9, 2014
The US Supreme Court has unanimously held that federal prosecutors can use the federal bank fraud statute, 18 U.S.C. § 1344, against offenders in cases where a bank is not the intended target of a fraud.

 

HTMLHong Kong Owner Successfully Appeals Against Conviction under the Air Pollution Control Ordinance
Geoffrey Y. M. Chan, Mei Ling Lew; Mayer Brown JSM;
Legal Alert/Article
July 14, 2014, previously published on July 10, 2014
In the recent case of HKSAR v. Wing Lok Construction & Engineering Co., Ltd. [2014] 2 HKLRD 669, the Court of First Instance allowed an appeal against the conviction of an owner of premises under s.77(2) of the Air Pollution Control Ordinance, Cap. 311 (APCO) for, when carrying out or causing...

 

HTMLBank Guarantees and Shipbuilding Contracts with Mainland Shipyards
Bill Amos; Mayer Brown JSM;
Legal Alert/Article
July 14, 2014, previously published on July 10, 2014
For a shipowner the process of buying a new vessel from a shipyard can be a hazardous venture, much riskier than buying an existing, second-hand vessel. This is because the shipowner has to part with millions of dollars “up front” to a shipyard/builder, by way of payment instalments to...

 

HTMLUS Trade Representative Initiates an Environmental Review of Free Trade Agreement with the European Union
Timothy J. Keeler, Margaret-Rose Sales; Mayer Brown LLP;
Legal Alert/Article
July 14, 2014, previously published on July 9, 2014
The United States Trade Representative (USTR) has published a notice in the Federal Register announcing the initiation of an environmental review of the Transatlantic Trade and Investment Partnership Agreement (T-TIP), a free trade agreement currently being negotiated between the United States and...

 

HTMLState Decree No. 44.886/2014: Tax Amnesty Program for the State of Rio de Janeiro
Carolina M. Bottino, Roberta P. Caneca, Ivan Tauil; Tauil & Chequer Advogados in association with Mayer Brown LLP;
Legal Alert/Article
July 14, 2014, previously published on July 10, 2014
On 07/03/2014, in the Official Gazette of Rio de Janeiro, State Decree No. 44.886/2014 was published. It modifies the previous ruling concerning ICMS Convention No. 128/2013. This Convention authorizes the State of Rio de Janeiro to implement a Tax Amnesty Program to waive or reduce penalties and...

 

HTMLMPF Amendment Bill Gazetted in Hong Kong
Duncan A. W. Abate; Mayer Brown JSM;
Legal Alert/Article
July 14, 2014, previously published on July 8, 2014
If passed, the Mandatory Provident Fund Schemes (Amendment) Bill, gazetted on 27 June 2014, will introduce some fundamental new concepts into Hong Kong’s Mandatory Provident Fund system. In particular it will introduce a new circumstance in which benefits can be paid (terminal illness) and...

 

HTMLFTC’s Report Provides Recommendations for Data
Justin R. Dickerson, John Nadolenco, Evan M. Wooten; Mayer Brown LLP;
Legal Alert/Article
July 14, 2014, previously published on July 7, 2014
Edith Ramirez, the chair of the US Federal Trade Commission (FTC or the Commission), has often said that “with really big data, comes really big responsibility.” What she meant was not always clear.

 

Adobe PDFGuess Who’s Looking at Your Ad? Blind Recruitment Ads Fall Foul of Data Privacy Laws
Gabriela Kennedy, Karen H. F. Lee, Hong Tran; Mayer Brown JSM;
Legal Alert/Article
July 4, 2014, previously published on June 26, 2014
The number of "blind" recruitment ads - i.e., ads that do not identify the employer or their recruitment agent - circulating in Hong Kong has led to a growing concern about the possible unscrupulous collection and use of personal data of job applicants.

 

HTMLUS Securities and Exchange Commission Settles Its First Whistleblower Anti-Retaliation Case
Marcus Christian, Adam D. Kanter, Stephanie M. Monaco, Jerome J. Roche, Richard M. Rosenfeld; Mayer Brown LLP;
Legal Alert/Article
July 4, 2014, previously published on June 27, 2014
The US Securities and Exchange Commission (SEC or the Commission) has announced a $2.2 million settlement in the Commission’s first whistleblower anti-retaliation case. As part of the settlement order, the SEC charged Paradigm Capital Management, Inc., a registered investment adviser, and...

 

HTMLNormative Ruling No. 1,474/14
Roberta P. Caneca, Marina Cyrino; Mayer Brown LLP;
Legal Alert/Article
July 4, 2014, previously published on June 25, 2014
On June 18, 2014, Brazilian Tax Authorities enacted Normative Ruling No. 1,474, including certain Swiss companies incorporated as holding company, domiciliary company, auxiliary company, mixed company and administrative company as privileged tax regimes, when the corporate income tax collected by...

 


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