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Adobe PDFCFPB Enforcement Action Against Payday Lender Has Broad Implications for Financial Institutions
Stephen Lillley, Andrew J. Pincus, Jeffrey P. Taft; Mayer Brown LLP;
Legal Alert/Article
July 22, 2014, previously published on July 17, 2014
The US Consumer Financial Protection Bureau (CFPB) has entered a consent order with a payday lender for debt collection practices that the CFPB alleged violated the Dodd-Frank Act’s prohibition on unfair, deceptive or abusive acts or practices. The $10 million settlement casts a significant...

 

HTMLAssessing Damages for Pregnancy and Disability Discrimination in Hong Kong
Duncan A. W. Abate, Hong Tran; Mayer Brown JSM;
Legal Alert/Article
July 17, 2014, previously published on July 16, 2014
The recent Hong Kong District Court case (DCEO 4/2013) involved a termination of the employment of the plaintiff on the ground of her disability and pregnancy. This was held to be unlawful under both the Disability Discrimination Ordinance (DDO) and the Sex Discrimination Ordinance (SDO).

 

HTMLWTO Appellate Body Rules on Dispute over US Countervailing Duty Law
Timothy J. Keeler, Duane W. Layton, Matthew J. McConkey, Paulette Vander Schueren; Mayer Brown LLP;
Legal Alert/Article
July 17, 2014, previously published on July 14, 2014
The Appellate Body of the World Trade Organization (“WTO”) has issued its decision in the dispute between the United States and China over the so-called “GPX Legislation.” The GPX Legislation expressly authorizes the US Department of Commerce (“Commerce”) to...

 

HTMLNinth Circuit Decision Clarifies the Applicability of US Antitrust Law to Foreign Conduct; Leaves Some Ambiguities
Robert E. Bloch, Kelly B. Kramer, Stephen M. Medlock; Mayer Brown LLP;
Legal Alert/Article
July 17, 2014, previously published on July 16, 2014
One of the most important topics in cartel enforcement today is the extent to which the Foreign Trade Antitrust Improvements Act (“FTAIA”) limits the extraterritorial reach of the Sherman Act. On July 10, 2014, the Ninth Circuit weighed in on this question by affirming a broad...

 

Adobe PDFUS Securities and Exchange Commission Issues Final Rules Regarding the Application of Security-Based Swap Intermediary Definitions to Cross-Border Security Based Swap Activity
Joshua Cohn, Curtis A. Doty, Alex C. Lakatos, Jerome J. Roche, David R. Sahr; Mayer Brown LLP;
Legal Alert/Article
July 17, 2014, previously published on July 15, 2014
The US Securities and Exchange Commission (“SEC”) has adopted final rules (the “CrossBorder Rules”) regarding the cross-border application of certain security-based swap (“SBS”) provisions of Title VII of the DoddFrank Wall Street Reform and Consumer Protection...

 

HTMLClamping Down on Illegal Guesthouses in Hong Kong: Government Seeks Input on New Proposals
Andrew P. B. MacGeoch, David S. C. Mallinson, Emily I. C. Wong; Mayer Brown JSM;
Legal Alert/Article
July 17, 2014, previously published on July 16, 2014
The Home Affairs Department of the government has issued a consultation document (the “Document”) reviewing the Hotel and Guesthouse Accommodation Ordinance (Cap.349) (the “Ordinance”) with recommendations to improve the licensing regime and the effectiveness of enforcement...

 

HTMLCONFAZ ICMS Convention No. 63/2014: Tax Amnesty Program for the State of Sergipe
Carolina M. Bottino, Ivan Tauil; Tauil & Chequer Advogados in association with Mayer Brown LLP;
Legal Alert/Article
July 17, 2014, previously published on July 15, 2014
On 07/11/2014, ICMS Convention No. 63/2014, enacted by the National Finance Policy Council - CONFAZ - was published in the Official Gazette. It authorizes the State of Sergipe to implement a Tax Amnesty Program to waive or reduce penalties and interest related to ICMS debts due by December 31, 2013.

 

HTMLRevised Negative List for Shanghai FTZ - Substantive Changes for Foreign Investors?
Frank L. Qi, Betty F. K. Tam; Mayer Brown LLP;
Legal Alert/Article
July 17, 2014, previously published on July 17, 2014
It has been over nine months since the Shanghai Free Trade Zone (FTZ) was launched and a “negative list” approach for foreign investment adopted in the FTZ. On 1 July 2014, the Shanghai Municipal People’s Government issued a revised version of the negative list (the “Revised...

 

Adobe PDFImplementing An Information Governance Program
Mayer Brown LLP;
Legal Alert/Article
July 15, 2014, previously published on June 2014
The IT department of a retail company implements email account volume limits in attempt to control growing data proliferation. In response, employees in the data analytics department begin using off-system cloud storage options to store their data. The cloud storage company announces that there has...

 

Adobe PDFMOFCOM Removes Capital Contribution Restrictions on Foreign Investments in China
Joyce J. Sun, Betty F. K. Tam; Johnson Stokes & Master Mayer Brown JSM;
Legal Alert/Article
July 15, 2014, previously published on July 2, 2014
On 17 June 2014 the Ministry of Commerce of China (MOFCOM) issued the Notice on the Improvement of Foreign Investment Approval and Administration Matters (“Notice”), confirming that the company registration system reform introduced in China earlier this year applies equally to...

 


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