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HTMLCalifornia Court Extends Whistleblower Protections to “Perceived Whistleblowers”
Ruth Zadikany, Lori A. Zahalka; Mayer Brown LLP;
Legal Alert/Article
February 26, 2015, previously published on December 19, 2014
Decision: In Diego v. Pilgrim United Church of Christ, a preschool employee alleged she was wrongfully terminated from her employment in violation of public policy as a result of the school director’s mistaken belief that she had lodged a complaint with the Department of Social Services,...

 

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....

 

HTMLFederal Reserve Board Issues Volcker Rule Conformance Period Extension
Scott A. Anenberg, Michael D. Lewis, Jerome J. Roche, David R. Sahr, Donald S. Waack; Mayer Brown LLP;
Legal Alert/Article
February 26, 2015, previously published on December 19, 2014
On December 18, 2014, the Federal Reserve Board (“Board”) announced that it is extending the Volcker Rule conformance period for certain fund investments and relationships from July 21, 2015, until July 21, 2016, and that it intends next year to grant a further extension of the...

 

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...

 

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...

 

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...

 

Adobe PDFWho Foots the Bill? Recent Companies Court Decisions on Costs
Justine T. K. Lau, Edmund M. S. Ma, Richard M. Tollan; Mayer Brown JSM;
Legal Alert/Article
February 6, 2015, previously published on November 26, 2014
Generally with a winding-up petition, if the petitioner is successful in obtaining a winding-up order, the petitioner will have its costs of the proceedings. If, on the other hand, the petition is dismissed, then the petitioner has been unsuccessful and it should pay the costs of the proceedings....

 

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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