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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...

 

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.

 

Adobe PDFOCIE and FINRA Announce the Results of Cybersecurity Initiatives
Leslie S. Cruz, Andrew D. Getsinger, Amy Ward Pershkow, Jerome J. Roche, Jeffrey P. Taft; Mayer Brown LLP;
Legal Alert/Article
April 13, 2015, previously published on March 25, 2015
On February 3, 2015, the Office of Compliance Inspections and Examinations (“OCIE”) of the US Securities and Exchange Commission (“SEC”) and the Financial Industry Regulatory Authority (“FINRA”) announced the results of their cybersecurity examination...

 

Adobe PDFMain Legal Issues Regarding Financing of Mining Projects in Eritrea
Ian Coles, Rachel Speight; Mayer Brown International LLP;
Legal Alert/Article
April 13, 2015, previously published on January 2015
The mining potential of the small eastern African country, Eritrea, is unexploited. In 2009, the Eritrean government granted eight new exploration licences to foreign mining companies. Mining in Eritrea has attracted the interest of more than 14 mining and exploration firms from Australia, Bermuda,...

 

Adobe PDFThe New Foreign Investment Catalogue Finalised - What is the Trend for Foreign Investment in the PRC?
Ian K. Lewis, Frank W. Yang; Johnson Stokes & Master Mayer Brown JSM;
Legal Alert/Article
April 13, 2015, previously published on March 19, 2015
On 13 March 2015, the National Development and Reform Commission (“NDRC”) and Ministry of Commerce (“MOFCOM”) jointly released the 2015 version of the Foreign Investment Industrial Guidance Catalogue (“2015 Catalogue”) to replace the current catalogue adopted in...

 

Adobe PDFAudit Rights Should Reflect the Relationship between Customer and Service Provider
Mark A. Prinsley, Oliver Yaros; Mayer Brown International LLP;
Legal Alert/Article
April 13, 2015, previously published on March 2015
A recent English High Court Decision is a useful reminder that audit provisions are not always standard form “boiler plate” provisions which can be adopted in a uniform way across a variety of licensing or outsourcing arrangements. This is particularly relevant in scenarios where the...

 

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 PDFStaying on Top of Corporate Pension Liabilities
Anna Rogers; Mayer Brown International LLP;
Legal Alert/Article
April 13, 2015, previously published on January 2015
The liabilities in a defined benefit occupational pension scheme are regularly valued and reported on by employer and trustees, but they are rarely subject to any probing audit. When latent issues come to light, the pension liabilities can prove to be significantly higher - or lower - than expected.

 

Adobe PDFGiving Third Parties Contractual Rights - The New Rules
Bill Amos, Gabriela Kennedy, Mark J. Stevens, Jenny W. Y. Yu; Mayer Brown JSM;
Legal Alert/Article
April 13, 2015, previously published on March 18, 2015
Hong Kong’s Contracts (Rights of Third Parties) Ordinance No.17 of 2014 (the “Ordinance”) was passed in December 2014, and is expected to come into force as Cap. 623 later this year. We are advising clients to treat now as a lead-in period, and take practical steps to get ready....

 

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...

 


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