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Adobe PDFTransformative Management of a Global, Increasingly Mobile Workforce
Elizabeth (Liz) E. Stern; Mayer Brown LLP;
Legal Alert/Article
April 13, 2015, previously published on January 2015
Global companies today operate with talent deployed across every major region of the world, navigating across networks of offices in dozens of countries and client sites, distribution channels, and alliances in an even broader expanse of geographies. As business is conducted on this increasingly...

 

HTMLUK Pension Reforms - Spring 2015
Jonathan Moody, Ian Wright; Mayer Brown International LLP;
Legal Alert/Article
April 13, 2015, previously published on March 2015
Spring 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...

 

HTMLThe NAIC Exposes Two Cyber Security-Related Documents for Comment
Mayer Brown LLP;
Legal Alert/Article
April 13, 2015, previously published on March 25, 2015
The 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...

 

HTMLThe National Conference of Insurance Legislators Considers a Proposed Model Act to Regulate Insurance Requirements for Transportation Networking Companies (“TNCs”) and Transportation Network Drivers
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
TNC insurance coverage issues have attracted significant interest from legislators and regulators around the country in light of the increasing popularity of TNCs (also called “commercial ride-sharing companies”), which use an online application or platform developed and administered by...

 

Adobe PDFPRA and FCA Consult on Whistleblowing in Insurers
Alexandria Carr, Mark Compton; Mayer Brown International LLP;
Legal Alert/Article
April 13, 2015, previously published on March 2015
The PRA and FCA released a joint consultation paper (“CP”), FCA CP15/4 PRA CP 6/15 on 23 February 2015 that sets out proposals related to whistleblowing in deposit-takers, PRA-designated investment firms and insurers. The paper has been published after the Parliamentary Commission on...

 

HTMLCourt Certifies Class for Narrow Liability Claims in Environmental Contamination Case
Sarah E. Reynolds, Evan M. Tager, Mark R. Ter Molen; Mayer Brown LLP;
Legal Alert/Article
April 13, 2015, previously published on March 18, 2015
Traditionally, 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...

 

HTMLThe Insurance Act Receives Royal Assent
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 Insurance Bill, which was introduced into Parliament on July 17, 2014, received Royal Assent, and is now known as the Insurance Act 2015 ("the Act"). The Act represents the culmination of an eight year review of insurance contract law by the Law Commission of...

 

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 PDFPension Scheme Funding in Germany
Nicolas Rößler, Guido Zeppenfeld; Mayer Brown LLP;
Legal Alert/Article
April 13, 2015, previously published on February 2015
In Germany, an economy with 82 million people, funded occupational pension schemes are a comparatively rare phenomenon. Since the foundation of the Federal Republic of Germany, state pension provision has been very strong and occupational pensions have merely served as a supplement to state...

 

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...

 


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