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HTMLThe US Department of Energy Releases Loan Guarantee Solicitation for Up To $12.5 Billion for Advanced Nuclear Energy Projects
J. Paul Forrester, Cameron S. Hamrick; Mayer Brown LLP;
Legal Alert/Article
February 26, 2015, previously published on December 19, 2014
The US Department of Energy (the “DOE”) has released a solicitation for new loan guarantees under Section 1703 of Title XVII of the Energy Policy Act for up to $12.5 billion for innovative nuclear energy projects in the United States that avoid, reduce, or sequester greenhouse gases....

 

HTMLWhat Do Employers Need to Know about Competition Law? (Episode 7 - Non-Solicitation Agreements)
Hannah C. L. Ha, John M. Hickin; Mayer Brown JSM;
Legal Alert/Article
February 26, 2015, previously published on December 1, 2014
In the previous episode of this series, Mayer Brown JSM discussed the implications of sharing sensitive HR information when the Competition Ordinance comes into force. Colin is now puzzled by the potential problems relating to non-solicitation agreements...

 

HTMLUS Supreme Court Rules Employers Do Not Need to Pay Employees For Post-Shift Time in Security Lines
Maritoni D. Kane, Andrew S. Rosenman, Ruth Zadikany, John Zaimes; Mayer Brown LLP;
Legal Alert/Article
February 26, 2015, previously published on December 16, 2014
In a unanimous decision authored by Justice Clarence Thomas, the US Supreme Court has ruled that Fair Labor Standards Act (FLSA) does not require that employees be compensated for time spent going through (and waiting to go through) security screenings before leaving the workplace.

 

Adobe PDFNDRC Issued the Revised Draft of Foreign Investment Catalogue to Open More Sectors to Foreign Investment
Gavin W. H. Guo, Betty F. K. Tam; Johnson Stokes & Master Mayer Brown JSM;
Legal Alert/Article
February 24, 2015, previously published on November 17, 2014
On 4 November 2014, the National Development and Reform Commission (NDRC) released the latest revised draft of the Foreign Investment Industrial Guidance Catalogue (Catalogue) soliciting public comments. The deadline to submit comments is 3 December 2014.

 

HTMLLevels of Compensation Under the Employees’ Compensation Ordinance in Hong Kong Increased Following Review
Mayer Brown LLP;
Legal Alert/Article
February 19, 2015, previously published on February 4, 2015
All EC insurers and employers are advised to take note that a resolution has been passed by the Legislative Council on 4 February 2015 to increase the statutory compensation levels under various employees compensation ordinances, including the ECO, to bring them in line with wage and price...

 

HTMLDecree No. 8,395/2015: Increase of PIS/Cofins and CIDE Tax Rates Levied on Gasoline and Diesel
Mayer Brown LLP;
Legal Alert/Article
February 19, 2015, previously published on February 5, 2015
On January 29, 2015, the Federal Official Gazette published Decree No. 8,395/2015, which establishes significant increases on the import and sales operations related to gasoline and diesel. The mentioned decree increased the PIS / PASEP, COFINS and Contribution for Intervention in the Economic...

 

HTMLNew MPF Provisions in Hong Kong
Duncan A. W. Abate; Mayer Brown LLP;
Legal Alert/Article
February 17, 2015, previously published on February 3, 2015
On 30 January 2015 the Legislative Council passed certain changes to the Mandatory Provident Fund Schemes Ordinance ("MPFSO"). Such changes, when they come into force, will enable the withdrawal of benefits on the terminal illness of an employee, and also enable a phased withdrawal of...

 

HTMLRecent Developments Concerning US Tax Code Section 871(m) Dividend Equivalent Rules
James R. Barry, Hayden D. Brown, Mark H. Leeds; Mayer Brown LLP;
Legal Alert/Article
February 17, 2015, previously published on February 2, 2015
Two developments may be converging in a way that will result in delayed effective dates for US final dividend equivalent regulations. And, while there has not been any explicit announcements by the US Internal Revenue Service (IRS) regarding when withholding on dividend equivalents will be expanded...

 

Adobe PDFIssues in Relation to Mining Projects in Burkina Faso
Alban Dorin, Sarai Jacob, Rachel Speight; Mayer Brown;
Legal Alert/Article
February 6, 2015, previously published on November 24, 2014
While Burkina Faso is currently experiencing political unrest, mining companies operating in the country remain largely unaffected by the recent political changes.

 

Adobe PDFVAT on Services Supplied to Pension Schemes: Revised HMRC Guidance
Ian Wright; Mayer Brown International LLP;
Legal Alert/Article
February 6, 2015, previously published on November 2014
On 25 November 2014, HM Revenue & Customs (“HMRC”) published two pieces of new guidance on the charging and recovery of VAT on administration and investment management services provided to pension schemes. The guidance was required as a result of last year’s Court of Justice...

 


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