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HTMLUS Banking Regulators Issue Further Frequently Asked Questions for Leveraged Lending Guidance
J. Paul Forrester; Mayer Brown LLP;
Legal Alert/Article
December 4, 2014, previously published on November 13, 2014
The Office of the Comptroller of the Currency (OCC) has released its 2014 Shared National Credits (SNC) review (the 2014 SNC review).

 

HTMLThe NAIC Process for Developing and Maintaining the NAIC List of Qualified Jurisdictions for Certified Reinsurers
Mayer Brown LLP;
Legal Alert/Article
December 2, 2014, previously published on November 11, 2014
In 2011, the NAIC Credit for Reinsurance Model Law and Regulation were amended to reduce the collateral requirements for certain unauthorized reinsurers. Prior to the amendments, reinsurers that were not authorized or accredited in the cedant’s domiciliary jurisdiction were generally required...

 

HTMLNAIC Private Equity Issues (E) Working Group Continues Drafting of Additions to Financial Analysis Handbook for Regulatory Review of Acquisitions of Insurers
Mayer Brown LLP;
Legal Alert/Article
December 2, 2014, previously published on November 11, 2014
In our Second Quarter 2014 Bulletin, we reviewed the efforts of the NAIC Private Equity Issues (E) Working Group (the “PEI Working Group”) to draft changes to the NAIC’s Financial Analysis Handbook to provide additional guidance for state insurance examiners who review “Form...

 

HTMLA Second Effort to Establish a National Association of Registered Agents and Brokers (NARAB II)
Mayer Brown LLP;
Legal Alert/Article
December 2, 2014, previously published on November 11, 2014
A provision in the federal Gramm-Leach-Bliley Act of 1999 (“GLBA”) provided for the creation of a National Association of Registered Agents and Brokers (NARAB), a nonprofit organization, to administer the licensing of insurance agents and brokers (referred to generically as...

 

HTMLCalifornia Court of Appeal Holds That A Parent Holding Company May Be Liable for the Unlawful Wage and Hour Practices of a Subsidiary
Marcia E. Goodman, Andrea M. Weiss, Ruth Zadikany, Lori A. Zahalka, John Zaimes; Mayer Brown LLP;
Legal Alert/Article
December 2, 2014, previously published on October 31, 2014
Decision: In Castaneda v. The Ensign Group, the California Court of Appeal issued a published decision holding that a corporate parent that has no employees can be found liable for its subsidiary’s nonpayment of overtime and minimum wages to employees if the parent wholly owns the subsidiary...

 

HTMLNew California Employment Laws Impose Additional Responsibilities On Employers
Marcia E. Goodman, Andrea M. Weiss, Ruth Zadikany, Lori A. Zahalka, John Zaimes; Mayer Brown LLP;
Legal Alert/Article
December 2, 2014, previously published on October 31, 2014
Development: California Governor Jerry Brown has signed a series of bills aimed at increasing protections for California workers. Most notable are the implementation of a paid sick leave requirement in California and a new law that imposes statutory joint employer liability on companies that use...

 

HTMLEU Legislation Facilitates Antitrust Damages Litigation
Kiran S. Desai, Julian Ellison, Nathalie Jalabert Doury, Robert Klotz, Jens Peter Schmidt; Mayer Brown International LLP;
Legal Alert/Article
December 2, 2014, previously published on November 10, 2014
Today's sign-off from the national governments in the EU is the final substantive step towards adoption by the EU of legislation on antitrust damages actions.

 

HTMLPRA Update on Solvency II Implementation
Mayer Brown LLP;
Legal Alert/Article
December 2, 2014, previously published on November 11, 2014
On August 11, 2014, a consultation paper regarding the transposition of the Solvency II Directive into the Prudential Regulation Authority PRA (“PRA”) rules was published.

 

HTMLEU-US Insurance Dialogue Project Publishes Revised “Way Forward” Document
Mayer Brown LLP;
Legal Alert/Article
December 2, 2014, previously published on November 11, 2014
Since 2012, the US Federal Insurance Office (“FIO”), the European Commission (“EC”), the European Insurance and Occupational Pensions Authority (“EIOPA”) and EU Member State national regulators have engaged in an insurance dialogue project to increase mutual...

 

HTMLCADE Issues New Regulation on Associative Agreements
Eduardo Molan Gaban; Mayer Brown LLP;
Legal Alert/Article
December 2, 2014, previously published on November 7, 2014
On November 4, 2014, the Official Gazette ("Gazette") published CADE Resolution No. 10/2014, which establishes the hypotheses of Associative Agreements (provided in Art. 90, item IV, Law No. 12.529 / 2011) subject to the Administrative Council for Economic Defense’s...

 


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