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Adobe PDFHeadline Points: Revised Implementation Guidelines to the Competition Ordinance
Hannah C. L. Ha, John M. Hickin; Mayer Brown JSM;
Legal Alert/Article
April 13, 2015, previously published on March 31, 2015
Yesterday the Hong Kong Competition Commission (Commission) published revised implementation guidelines (revised Guidelines) to the Competition Ordinance (Cap. 619) (CO). In revising the Guidelines the Commission considered 64 submissions from a range of organisations commenting on the previous...

 

Adobe PDF2015 Outlook: Data Privacy and Security in the United States, the European Union and Hong Kong
Marcus A. Christian, Rebecca S. Eisner, Daniel Gallagher, Gabriela Kennedy, Karen H. F. Lee; Mayer Brown LLP;
Legal Alert/Article
April 13, 2015, previously published on March 19, 2015
Companies and organizations face an ever-expanding set of statutes and regulations regarding consumer privacy, data protection and cybersecurity. Legal standards continue to evolve—and differ-in all major markets, raising particular challenges for multinational businesses.

 

HTMLThe Insurance Act Receives Royal Assent
David W. Alberts, Lawrence R. Hamilton, Colin Scagell, Nicole Zayac; Mayer Brown LLP;
Legal Alert/Article
April 13, 2015, previously published on March 25, 2015
On February 12, 2015, the Insurance Bill, which was introduced into Parliament on July 17, 2014, received Royal Assent, and is now known as the Insurance Act 2015 ("the Act"). The Act represents the culmination of an eight year review of insurance contract law by the Law Commission of...

 

HTMLNYDFS Letter to Insurance Executives Regarding Cyber Security
Rebecca S. Eisner, Lawrence R. Hamilton, A. John P. Mancini, Jeffrey P. Taft, James R. Woods; Mayer Brown LLP;
Legal Alert/Article
April 13, 2015, previously published on March 27, 2015
Following up on its promise to “integrate regular, targeted assessments of cyber security preparedness at insurance companies as part of [its] examination process,” the New York Department of Financial Services (“DFS”) issued a letter on March 26, 2015, to chief executive...

 

Adobe PDFOutsourcing and External Funding of Pension Liabilities
Nicolas Rößler, Guido Zeppenfeld; Mayer Brown LLP;
Legal Alert/Article
April 13, 2015, previously published on February 2015
Transferring and funding of pension liabilities is a topic of undiminished importance for corporates engaged in business in Germany. This White Paper provides a brief outline of the motivations and advantages of outsourcing of pension liabilities and explains some well proven structuring options.

 

HTMLUS Federal Appellate Courts Uphold Dismissal of Securities Fraud Claims Against Auditors in Two China Reverse Merger Cases
Dana S. Douglas, Brian J. Massengill, Justin A. McCarty, Alexandra L. Newman; Mayer Brown LLP;
Legal Alert/Article
April 13, 2015, previously published on March 30, 2015
In opinions issued on the same day, federal appellate courts for the Second Circuit and the Eleventh Circuit both recently affirmed dismissals of securities-fraud claims filed against independent audit firms that audited Chinese reverse-merger companies because the plaintiffs did not adequately...

 

HTMLAG 48 and the (Modest) Transformation of Life Reserve Financings
David W. Alberts, Lawrence R. Hamilton, Colin Scagell, Nicole Zayac; Mayer Brown LLP;
Legal Alert/Article
April 13, 2015, previously published on March 25, 2015
After three full years of regulators compiling data, reading legal documents, studying actuarial models and consulting with outside advisors related to the life insurance industry’s use of captive reinsurers for so-called AXXX and XXX reserve financing transactions, year-end 2014 was...

 

Adobe PDFHong Kong Competition Law Series - Part 3: Cardinal Sin No. 1 - Price Fixing
Hannah C. L. Ha, John M. Hickin; Mayer Brown JSM;
Legal Alert/Article
April 13, 2015, previously published on March 25, 2015
Last week we gave you an overview of the four Cardinal Sins under the Competition Ordinance. This week we discuss Cardinal Sin No.1 - price fixing.

 

Adobe PDFNorth Sea Oil & Gas Tax Breaks Announced
Robert Hamill, James Hill; Mayer Brown International LLP;
Legal Alert/Article
April 13, 2015, previously published on March 2015
In the Budget 2015 delivered on Wednesday 18 March 2015, the Chancellor of the Exchequer George Osborne set out several significant tax breaks for the UK oil and gas sector. Set against the background of a maturing UK basin, albeit one with significant resources as yet unexplored, the Government...

 

HTMLInsurance Regulators Work to Address Cyber Security Issues
David W. Alberts, Lawrence R. Hamilton, Colin Scagell, Nicole Zayac; Mayer Brown LLP;
Legal Alert/Article
April 13, 2015, previously published on March 25, 2015
As data breaches and their consequences have become increasingly common and gained public attention, cyber security has become a significant issue for both the insurance industry and insurance regulators. Although the recent coverage of the massive cyber security breach at Anthem, Inc.

 


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