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Adobe PDFSubscription Credit Facilities and the Volcker Rule
Timothy R. Hicks, Michael C. Mascia, Wesley A. Misson; Mayer Brown LLP;
Legal Alert/Article
August 13, 2014, previously published on Summer 2014
On December 10, 2013, the federal financial agencies approved joint final regulations (the “Final Regulation”) implementing section 619 of the Dodd-Frank Act, commonly referred to as the Volcker Rule. Section 619 added a new section 13 to the Bank Holding Company Act of 1956, which...

 

Adobe PDFAdministration Expenses: The Next Instalment
David Allen, Ashley Katz, Devi Shah, Jessica Walker; Mayer Brown International LLP;
Legal Alert/Article
August 13, 2014, previously published on August 2014
The High Court has rejected the argument that amounts owing to British Gas Trading Ltd (BGT) under post-administration, deemed contracts for the provision of gas and electricity are automatically classed as expenses of the administration. The court has reserved for consideration, however, whether...

 

HTMLThe Curious Case of LabMD: New Developments In The “Other” FTC Data-Security Case
Lei Shen, Evan M. Wooten; Mayer Brown LLP;
Legal Alert/Article
August 13, 2014, previously published on August 11, 2014
By now, businesses with an interest in data security are aware of FTC v. Wyndham Worldwide Corp., in which a US District Court of New Jersey held that the Federal Trade Commission (FTC) can bring enforcement actions for perceived data-security violations without first issuing guidance or standards....

 

HTMLAdministrative Ruling PGFN/RFB No. 13/2014
Roberta P. Caneca, Ivan Tauil, Thais Bandeira de Mello Rodrigues; Mayer Brown LLP;
Legal Alert/Article
August 12, 2014, previously published on August 8, 2014
On August 1st, 2014, the Brazilian Revenue Services and Office of Attorney-General of the National Treasury enacted the Joint Administrative Ruling PGFN/RFB No. 13/2014, which regulates the application of the Tax Debt Installment Program provided for by Law No. 11.941/2009, as amended by Law No...

 

HTMLIRS Clarifies Beginning of Construction Rules for Renewable Energy Projects
Jeffrey G. Davis; Mayer Brown LLP;
Legal Alert/Article
August 12, 2014, previously published on August 8, 2014
The US Internal Revenue Service (the IRS) has released Notice 2014-46 (the Notice), which provides further clarification about how a taxpayer can satisfy the requirement that construction of a renewable energy project began before January 1, 2014. The Notice, released on August 8, 2014, is welcome...

 

HTMLANP Resolution Establishes Procedures for Concessions of Natural Gas Transportation Pipelines
Bruno Triani Belchior, Alexandre R. Chequer, Leonardo P. Costa, Victor Galante; Tauil & Chequer Advogados in association with Mayer Brown LLP;
Legal Alert/Article
August 11, 2014, previously published on August 7, 2013
The Brazilian National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) enacted on July 31st 2014 the Resolution ANP 39/2014, which regulates the procedures to be adopted in bidding rounds for construction, expansion and operation of natural gas transportation pipelines under...

 

HTMLSAFE Circular 36: Liberalising Capital Account Settlement for FIEs
Frank L. Qi, Betty F. K. Tam; Johnson Stokes & Master Mayer Brown JSM;
Legal Alert/Article
August 8, 2014, previously published on August 5, 2014
On 15 July 2014, the State Administration of Foreign Exchange (SAFE) issued the Circular of the SAFE on Relevant Issues Concerning the Pilot Reform in Certain Areas of the Administrative Method of the Conversion of Foreign Exchange Funds by Foreign-invested Enterprises (“Circular 36”),...

 

HTMLNLRB Franchisor-Liability Decision Could Reach Professional Services Firms
Dana S. Douglas, Stanley J. Parzen; Mayer Brown LLP;
Legal Alert/Article
August 7, 2014, previously published on August 5, 2014
A recent decision from the US National Labor Relations Board (NLRB) could open the door to new sources of liability for some professional services firms. The decision allows franchisors to be treated as “joint employers” along with their franchisees in labor complaints. In considering...

 

Adobe PDFNew York State Department of Financial Services Proposes a “BitLicense” Regulatory Framework for Virtual Currency Businesses
Matthew Bisanz, Alex C. Lakatos, Jeffrey P. Taft; Mayer Brown LLP;
Legal Alert/Article
August 7, 2014, previously published on August 6, 2014
The New York State Department of Financial Services (the “NYSDFS”) has released a proposed regulatory framework (the “Proposed Rules”) for New York virtual currency businesses. The Proposed Rules build upon the NYSDFS’ prior activities in the virtual currency space....

 

Adobe PDFShared Parental Leave: Top 5 Issues to Consider
Nicholas Robertson; Mayer Brown International LLP;
Legal Alert/Article
August 5, 2014, previously published on July 2014
The introduction of shared parental leave is intended to provide a framework to support modern working families and allow them to balance childcare responsibilities. Three sets of draft regulations covering shared parental leave and pay have just been laid before Parliament and are due to come into...

 


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