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Adobe PDFEU Antitrust Private Damages Actions: The Impact in England of the Directive on Anti-Trust Damages Actions
Kiran S. Desai, Julian Ellison, Nathalie Jalabert Doury, Miles Robinson, Mark Stefanini; Mayer Brown International LLP;
Legal Alert/Article
April 14, 2015, previously published on February 2015
In the latest of a series of commentary pieces by Mayer Brown on the recent directive on private anti-trust damages actions (the “Directive”), we look at some key questions that businesses may have regarding these actions and the impact of the Directive in England. In the coming weeks,...

 

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...

 

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...

 

HTMLPRA Sets Out How the UK Will Implement Solvency II
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
On February 12, 2015, the Prudential Regulation Authority (“PRA”) sent a letter, to life and general insurance firms setting out the information relating to the UK implementation of the Solvency II directive, including a timetable for the PRA's activities in the next few months.

 

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...

 

HTMLUnited States Citizenship and Immigration Services Provides Proposed L-1B Visa Guidance Memorandum for Public Comment
Elizabeth (Liz) E. Stern, Paul Virtue; Mayer Brown LLP;
Legal Alert/Article
April 13, 2015, previously published on March 27, 2015
On 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...

 

Adobe PDFHong Kong Competition Law Series - Part 3: Cardinal Sin No. 1 - Price Fixing
Hannah C. L. Ha, John M. Hickin; Mayer Brown JSM;
Legal Alert/Article
April 13, 2015, previously published on March 25, 2015
Last week we gave you an overview of the four Cardinal Sins under the Competition Ordinance. This week we discuss Cardinal Sin No.1 - price fixing.

 

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,...

 

HTMLAG 48 and the (Modest) Transformation of Life Reserve Financings
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
After three full years of regulators compiling data, reading legal documents, studying actuarial models and consulting with outside advisors related to the life insurance industry’s use of captive reinsurers for so-called AXXX and XXX reserve financing transactions, year-end 2014 was...

 

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....

 


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