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HTMLHong Kong Court Recognises Foreign Liquidators
Jennifer Colegate, Justine T. K. Lau, Edmund M. S. Ma, Richard M. Tollan; Mayer Brown International LLP;
Legal Alert/Article
August 5, 2014, previously published on August 4, 2014
Did you know that a liquidator of a foreign company may seek the assistance of the Hong Kong Court to obtain orders for the production of information which orders are, in substance, of the type made in Hong Kong windings-up under section 221(3) of the Companies (Winding-up and Miscellaneous...

 

HTMLLack of Standing in Data Privacy Cases: Not Just A Federal Court Defense
John Nadolenco, Evan M. Wooten; Mayer Brown LLP;
Legal Alert/Article
August 5, 2014, previously published on July 31, 2014
While data privacy—especially data breach—cases in the United States have been on the rise for years now, most cases never make it past the pleading stage. Indeed, federal courts frequently dismiss data-privacy complaints for lack of standing under Article III of the US...

 

HTMLNew CONAMA Resolution Regulates Environmental Permitting of Wind-Power Plants
Luiz Gustavo Bezerra, Gedham Medeiros Gomes, Gabriela Mello; Mayer Brown LLP;
Legal Alert/Article
August 5, 2014, previously published on August 1, 2014
On July 25, 2014, the Brazilian National Environmental Council (CONAMA) enacted Resolution No. 462, regulating specific proceedings for the environmental permitting of land wind-power plants. In summary, the new resolution provides for different permitting procedures according to the environmental...

 

HTMLSEFAZ/PGE Ruling No. 176/2014: Tax Amnesty Program for the State of Rio de Janeiro
Carolina M. Bottino, Ivan Tauil; Tauil & Chequer Advogados in association with Mayer Brown LLP;
Legal Alert/Article
August 1, 2014, previously published on July 30, 2014
On 07/24/2014, SEFAZ/PGE Ruling No. 176/2014 was published in the Official Gazette. It regulates the Tax Amnesty Program for the State of Rio de Janeiro, which was authorized by CONFAZ ICMS Convention No. 128/2013, allowing the waiver or reduction of penalties and interest related to the Tax on...

 

HTMLDispute over Jurisdiction between CADE and BACEN Reaches an End
Eduardo Molan Gaban; Mayer Brown LLP;
Legal Alert/Article
July 31, 2014, previously published on July 11, 2014
On July 9th, 2014, Judge Dias Toffoli of the Brazilian Supreme Court of Justice, decided in the BCN v. Administrative Council for Economic Defense (CADE) case (Appeal No. 664.189), that the Brazilian Central Bank (BC) has exclusive jurisdiction to analyze and rule on antitrust matters concerning...

 

HTMLChamperty Doesn’t Pay! - HKSAR v. Ip Hon Ming & Others
Marina O. K. Fung; Mayer Brown JSM;
Legal Alert/Article
July 31, 2014, previously published on July 28, 2014
The District Court of Hong Kong recently convicted a solicitor and a recovery agent for champerty, sending a clear message to recovery agents and solicitors that litigation funding in return for a fee is illegal.

 

HTMLUS Federal Trade Commission Challenge Reminds Companies To Be Wary About Communicating with Competitors
Scott P. Perlman, Matthew A. Tabas; Mayer Brown LLP;
Legal Alert/Article
July 26, 2014, previously published on July 24, 2014
The US Federal Trade Commission (FTC) has settled charges that two of the leading online barcode resellers violated Section 5 of the FTC Act by inviting competitors to collude and raise prices for barcodes sold over the Internet. Even though the settlement essentially only requires the online...

 

Adobe PDFUS Appellate Court Clarifies Due Process Rights for Parties Subject to CFIUS Review of Foreign Investments
Timothy J. Keeler, Simeon M. Kriesberg, Kelsey Rule, Margaret-Rose Sales; Mayer Brown LLP;
Legal Alert/Article
July 26, 2014, previously published on July 22, 2014
The US Court of Appeals for the DC Circuit has reversed a lower court’s ruling and held that companies undergoing review by the Committee on Foreign Investment in the United States (CFIUS or the Committee) have a due process right to notice of unclassified evidence and an opportunity to rebut...

 

HTMLGood News for Hong Kong Companies with Bilingual Names
Loretta W.M. Chan, Patrick C. K. Wong; Mayer Brown JSM;
Legal Alert/Article
July 26, 2014, previously published on July 25, 2014
Since the commencement of the Companies (Disclosure of Company Name and Liability Status) Regulation (Cap.622B) ("Regulation"), a subsidiary legislation of the Companies Ordinance (Cap.622) in March this year, practitioners and compliance professionals have been concerned about its impact...

 

Adobe PDFDo What I Say, Not What I Do: The US Internal Revenue Service Finalizes Changes to the Mixed Straddle Rules
James R. Barry, George W. Craven, Mark H. Leeds; Mayer Brown LLP;
Legal Alert/Article
July 22, 2014, previously published on July 21, 2014
In 1981, when Congress enacted the straddle rules preventing selective loss recognition, it directed the IRS to allow taxpayers to recognize built-in gain and loss on mixed straddles. In response, the IRS wrote regulations that permit such gain and loss recognition. The IRS has changed its view and...

 


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