Mayer Brown LLP Document Search Results (218)
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|Proposed US Treasury Regulations Attempt to Distinguish “Active” Insurance Companies from Hedge Funds|
James R. Barry, Jason S. Bazar, George W. Craven, Mark H. Leeds; Mayer Brown LLP;
May 4, 2015, previously published on April 27, 2015Offshore insurance companies can provide substantial tax benefits to their owner-insureds through current deductions for the insurance premium and, if properly structured, deferral on reserve investments. In 2003, the Internal Revenue Service (the IRS) warned that it would scrutinize...
|New York Appellate Division Approves RMBS Settlement|
Christopher J. Houpt, Matthew D. Ingber; Mayer Brown LLP;
May 1, 2015, previously published on April 8, 2015The New York Appellate Division has decided the appeals in the Article 77 proceeding in which The Bank of New York Mellon (BNYM) sought approval relating to an $8.5 billion settlement covering 530 RMBS trusts.1 The settlement—between BNYM, Bank of America, and Countrywide—resolved...
|SAFE Circular 19: A Nationwide Liberalisation of Capital Account Settlement for FIEs|
Betty F. K. Tam; Johnson Stokes & Master Mayer Brown JSM;
May 1, 2015, previously published on April 17, 2015On 8 April 2015, the State Administration of Foreign Exchange (SAFE) issued the Circular of the SAFE on Relevant Issues Concerning the Reform of the Administrative Method of the Conversion of Foreign Exchange Funds by Foreign-invested Enterprises (Circular 19), which will come into effect on 1 June...
|Brazilian State of Espírito Santo Application of the REPETRO Regime|
Carolina M. Bottino, Roberta P. Caneca, Celso Grisi, Ivan Tauil, Eduardo Maccari Telles; Tauil & Chequer Advogados in association with Mayer Brown LLP;
May 1, 2015, previously published on April 14, 2015The article 70, item LV, of the Espírito Santo’s Value-added Tax Regulations, as amended by the State Decree No. 3.658-R from August 26, 2014, authorizes a reduction on the tax basis of the Value-addex tax to three per cent (3%) until March 31, 2015, due in the customs clearance of...
|Accountants, Not Clients, Hold Privilege Governing Confidentiality of Records under Illinois Public Accounting Act|
Dana S. Douglas, Alexandra L. Newman, Stanley J. Parzen; Mayer Brown LLP;
April 30, 2015, previously published on April 2, 2015The Illinois Supreme Court has issued a decision of great import to all individuals and businesses that provide confidential information to their certified public accountants (CPAs). The Court has resolved the previously open question of whether the CPA or the client who provided confidential...
|Brazil Petroleum Agency Proposes Revision to Regulation on Third-Party Access to Natural Gas Transportation Pipelines|
Bruno Triani Belchior, Alexandre R. Chequer, Leonardo P. Costa, Victor Galante, Débora H. Yanasse; Tauil & Chequer Advogados in association with Mayer Brown LLP;
April 30, 2015, previously published on April 22, 2015On April 2, 2015, the National Agency of Petroleum, Natural Gas and Biofuels - ANP published the Notice of Public Hearing and Consultation No. 7/2015 in order to discuss the draft of a resolution that, among other purposes, aims to ensure actual third-party access to gas transportation pipelines,...
|WTO Appellate Body Rejects Vietnam’s Appeal of US Antidumping Duties on Shrimp|
Duane W. Layton, Paulette Vander Schueren, Adrian Verdegay Mena; Mayer Brown LLP;
April 30, 2015, previously published on April 14, 2015The Appellate Body of the World Trade Organization (WTO) has circulated its report in the dispute (reference DS429) brought by Vietnam challenging the imposition of antidumping duties by the United States on imports of frozen warm-water shrimp. The Appellate Body’s report also addressed...
|Proposed US Legislation Could Significantly Impact Trade-Exposed Sectors|
Timothy J. Keeper, Warren S. Payne; Mayer Brown LLP;
April 30, 2015, previously published on April 16, 2015We expect that Congressional leaders will introduce bipartisan trade promotion legislation as early as today. While this legislation does not have commercial ramifications, its successful enactment into law will enable the completion and implementation of certain international trade agreements that...
|Hong Kong Competition Law Series - Part 6: Cardinal Sin No. 4 - Bid Rigging|
Hannah C. L. Ha, John M. Hickin; Mayer Brown JSM;
April 29, 2015, previously published on April 15, 2015Last week we looked at the Cardinal Sin of market sharing. This week we discuss Cardinal Sin No. 4 - bid rigging.
|Hong Kong Competition Law Series: Part 7 - Information Exchange|
Hannah C. L. Ha, John M. Hickin; Mayer Brown JSM;
April 29, 2015, previously published on April 22, 2015Information exchange is an area of competition law that is rife with risk. There are few bright line rules on what can and cannot be exchanged, the scope of the prohibition is potentially extremely broad, and the risk of inadvertent breach is high as anticompetitive information exchange may occur...