Mayer Brown LLP Document Search Results (184)
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|The US Consumer Financial Protection Bureau’s “Abusive” Standard — Early Lessons|
Catherine A. Bernard, Reginald R. Goeke, Jeffrey H. Redfern; Mayer Brown LLP;
April 14, 2015, previously published on February 12, 2015The 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...
|Supreme Court Agrees to Decide When ERISA Plans May Recover Benefit Overpayments|
Brian D. Netter, Nancy G. Ross; Mayer Brown LLP;
April 14, 2015, previously published on March 31, 2015When 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...
|Draft 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;
April 14, 2015, previously published on January 28, 2015On 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.
|The NAIC Exposes Two Cyber Security-Related Documents for Comment|
Mayer Brown LLP;
April 13, 2015, previously published on March 25, 2015The first draft document, “Principles for Effective Cybersecurity Insurance Regulatory Guidance” (the “draft cybersecurity guidance”), was developed by the CTF to assist insurance regulators in providing guidance to the insurance industry in its efforts to strengthen data...
|NYDFS 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;
April 13, 2015, previously published on March 27, 2015Following 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...
|United States Citizenship and Immigration Services Provides Proposed L-1B Visa Guidance Memorandum for Public Comment|
Elizabeth (Liz) E. Stern, Paul Virtue; Mayer Brown LLP;
April 13, 2015, previously published on March 27, 2015On March 24, 2015, the United States Citizenship and Immigration Services (“USCIS”) issued long-awaited proposed guidance to its officers on the adjudication of L-1B visa petitions for “specialized knowledge” transferees. The agency has invited comments from the public by...
|UK Pension Reforms - Spring 2015|
Jonathan Moody, Ian Wright; Mayer Brown International LLP;
April 13, 2015, previously published on March 2015Spring 2015 will see what the Government has described as “the most fundamental change to the way people access their pension savings in almost a century”. A range of new flexibilities will be introduced for DC benefits, as well as related changes to statutory transfer rights for all...
|Court Certifies Class for Narrow Liability Claims in Environmental Contamination Case|
Sarah E. Reynolds, Evan M. Tager, Mark R. Ter Molen; Mayer Brown LLP;
April 13, 2015, previously published on March 18, 2015Traditionally, federal courts have been reluctant to certify class actions in environmental contamination cases because of inherently unique issues raised by plaintiffs’ personal-injury claims. In other contexts, however, class plaintiffs have been able to overcome atypicality arguments at...
|US Federal Appellate Courts Uphold Dismissal of Securities Fraud Claims Against Auditors in Two China Reverse Merger Cases|
Dana S. Douglas, Brian J. Massengill, Justin A. McCarty, Alexandra L. Newman; Mayer Brown LLP;
April 13, 2015, previously published on March 30, 2015In opinions issued on the same day, federal appellate courts for the Second Circuit and the Eleventh Circuit both recently affirmed dismissals of securities-fraud claims filed against independent audit firms that audited Chinese reverse-merger companies because the plaintiffs did not adequately...
|Insurance Regulators Work to Address Cyber Security Issues|
David W. Alberts, Lawrence R. Hamilton, Colin Scagell, Nicole Zayac; Mayer Brown LLP;
April 13, 2015, previously published on March 25, 2015As 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.