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Adobe PDFWhat is in a Name? Provisional Liquidators, Liquidators & Ad Valorem Fees
Justine T. K. Lau, Richard M. Tollan; Mayer Brown JSM;
Legal Alert/Article
April 16, 2015, previously published on March 10, 2015
We have previously reported that the Official Receiver retains its entitlement to ad valorem fees on the conversion of a compulsory liquidation to a creditors’ voluntary winding-up (CVL).

 

Adobe PDFPensions Liberation - The Ombudsman Speaks at Last...
Jonathan Moody, Anna Rogers, Ian Wright; Mayer Brown International LLP;
Legal Alert/Article
April 16, 2015, previously published on January 2015
The Pensions Ombudsman has finally published the first three in a series of determinations dealing with complaints relating to pensions liberation. Eagerly awaited by the pensions industry, these determinations contain useful guidance for trustees on how to deal with transfer requests where they...

 

Adobe PDFThree Things US Audit Committee Members Should Consider in 2015
David S. Bakst, Jason S. Bazar, John P. Berkery, Edward S. Best, Jennifer J. Carlson; Mayer Brown LLP;
Legal Alert/Article
April 14, 2015, previously published on January 23, 2015
Audit Committees are facing increased demands from many quarters heading into 2015, which expand their responsibilities, expose them to greater regulatory scrutiny and potential liabilities, and provide the basis for proxy and shareholder activists to oppose the re-election of Audit Committee...

 

HTMLSupreme Court Agrees to Decide When ERISA Plans May Recover Benefit Overpayments
Brian D. Netter, Nancy G. Ross; Mayer Brown LLP;
Legal Alert/Article
April 14, 2015, previously published on March 31, 2015
When a fiduciary to an employee benefit plan overpays a plan participant, the fiduciary must resort to remedies offered by the Employee Retirement Income Security Act (ERISA). Section 502(a)(3) of ERISA authorizes a fiduciary to recover “appropriate equitable relief”—a nebulous...

 

Adobe PDFUS Securities and Exchange Commission Announces 2015 Examination Priorities
Rory M. Cohen, Leslie S. Cruz, Peter M. McCamman, Stephanie M. Monaco, Amy Ward Pershkow; Mayer Brown LLP;
Legal Alert/Article
April 14, 2015, previously published on January 26, 2015
The Office of Compliance Inspections and Examinations (“OCIE”) of the US Securities and Exchange Commission (“SEC”) has announced its 2015 examination priorities. OCIE stated that, in 2015, it will focus on the following thematic areas: matters of importance to retiring or...

 

Adobe PDFResults Are In: Year of the Horse Ends with a Record Fine of USD 975 Million for Qualcomm
Hannah C. L. Ha, John M. Hickin; Mayer Brown JSM;
Legal Alert/Article
April 14, 2015, previously published on February 18, 2015
On 10 February 2015, China’s National Development and Reform Commission (NDRC) announced that it was imposing fines of RMB 6.088 billion (approximately USD 975 million) on Qualcomm for abusing its dominant position in the CDMA, WCDMA and LTE wireless communication standard essential patents...

 

Adobe PDFThe US Consumer Financial Protection Bureau’s “Abusive” Standard — Early Lessons
Catherine A. Bernard, Reginald R. Goeke, Jeffrey H. Redfern; Mayer Brown LLP;
Legal Alert/Article
April 14, 2015, previously published on February 12, 2015
The Dodd-Frank Act granted the Consumer Financial Protection Bureau (CFPB or Bureau) the authority to combat “unfair, deceptive, or abusive” practices in the consumer finance industry. “Unfair and deceptive” acts and practices have long been prohibited by the Federal Trade...

 

Adobe PDFDraft Foreign Investment Law: Fundamental Changes to Foreign Investment Regime in China
Xiang Yang Ge, Ping Liu, Betty F. K. Tam; Johnson Stokes & Master Mayer Brown JSM;
Legal Alert/Article
April 14, 2015, previously published on January 28, 2015
On 19 January 2015, the Ministry of Commerce of China (“MOFCOM”) released a draft version of the Foreign Investment Law (“Draft Foreign Investment Law”) for public comments. The deadline to submit comments is 17 February 2015.

 

Adobe PDFSenior Managers Regime and Employment Law Implications - Where Are We Now?
Mark Compton, Purvis Ghani; Mayer Brown International LLP;
Legal Alert/Article
April 14, 2015, previously published on February 2015
With the consultation on transitional arrangements for the introduction of the senior managers and certification regimes due to close on 27 February, it is a good time to take stock of the proposed new regulatory framework and assess the potential impact from an employment and HR perspective.

 

HTMLElectronic Discovery & Information Governance - Tip of the Month: Proposed Federal Discovery Rules: Effect on Big Data and Social Media Discovery
Michael D. Battaglia, Eric B. Evans, Kim A. Leffert, Anne M. Selin; Mayer Brown LLP;
Legal Alert/Article
April 14, 2015, previously published on March 31, 2015
Plaintiffs have filed a complex class action case against a global multimedia conglomerate, alleging widespread employment discrimination that resulted in suppressed wages. Discovery has just begun, and plaintiffs have asked for all of the defendant’s pay and human resources data that reside...

 


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