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Adobe PDF2015 Outlook: Data Privacy and Security in the United States, the European Union and Hong Kong
Marcus A. Christian, Rebecca S. Eisner, Daniel Gallagher, Gabriela Kennedy, Karen H. F. Lee; Mayer Brown LLP;
Legal Alert/Article
April 13, 2015, previously published on March 19, 2015
Companies and organizations face an ever-expanding set of statutes and regulations regarding consumer privacy, data protection and cybersecurity. Legal standards continue to evolve—and differ-in all major markets, raising particular challenges for multinational businesses.

 

HTMLSolvency II - EIOPA Publishes Final Reports on Equivalence of Bermuda, Japan and Switzerland
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
By way of background, Solvency II provides a mechanism for the European Commission to treat as equivalent a third country’s solvency and prudential regulatory regime to reflect the fact that the insurance industry is a global marketplace and the increasing cross-border nature of group...

 

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 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...

 

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....

 

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 PDFParliament Set to Bolster Private Competition Actions in the UK
Kiran S. Desai, Julian Ellison, Miles Robinson, Gillian Sproul; Mayer Brown International LLP;
Legal Alert/Article
April 13, 2015, previously published on March 30, 2015
The United Kingdom has one of the most advanced regimes in Europe for competition litigation; however, it has not yet seen a substantial uptake of private competition actions.

 

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 PDFA European Capital Markets Union: What? Why? How?
Sandy Bhogal, Alexandria Carr, Kevin Hawken, James Taylor; Mayer Brown International LLP;
Legal Alert/Article
April 13, 2015, previously published on March 2015
On 18 February 2015 the European Commission launched a consultation on Capital Markets Union (“CMU”). The consultation closes on 13 May 2015 and is accompanied by two related consultations (on high quality securitisations and a review of the Prospectus Directive) which identify possible...

 

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...

 


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