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Adobe PDFHeadline Points: Revised Implementation Guidelines to the Competition Ordinance
Hannah C. L. Ha, John M. Hickin; Mayer Brown JSM;
Legal Alert/Article
April 13, 2015, previously published on March 31, 2015
Yesterday the Hong Kong Competition Commission (Commission) published revised implementation guidelines (revised Guidelines) to the Competition Ordinance (Cap. 619) (CO). In revising the Guidelines the Commission considered 64 submissions from a range of organisations commenting on the previous...

 

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 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.

 

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 PDFThe New Foreign Investment Catalogue Finalised - What is the Trend for Foreign Investment in the PRC?
Ian K. Lewis, Frank W. Yang; Johnson Stokes & Master Mayer Brown JSM;
Legal Alert/Article
April 13, 2015, previously published on March 19, 2015
On 13 March 2015, the National Development and Reform Commission (“NDRC”) and Ministry of Commerce (“MOFCOM”) jointly released the 2015 version of the Foreign Investment Industrial Guidance Catalogue (“2015 Catalogue”) to replace the current catalogue adopted in...

 

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...

 

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...

 

HTMLUS 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;
Legal Alert/Article
April 13, 2015, previously published on March 30, 2015
In 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...

 

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 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.

 


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