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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...

 

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...

 

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...

 

HTMLWith New Net Neutrality Rules, FCC Asserts Sweeping Jurisdiction Over Broadband Internet Access Services
Angela E. Giancarlo, Howard W. Waltzman, Brantley Webb; Mayer Brown LLP;
Legal Alert/Article
April 8, 2015, previously published on March 17, 2015
On March 12, 2015, the Federal Communications Commission (“FCC” or “the Commission”) released its Open Internet Order (“Order”) and rules. Based on the FCC’s finding that “broadband providers hold all the tools necessary to deceive consumers, degrade...

 

HTMLThe Internet of Things
Lei Shen, Howard W. Waltzman; Mayer Brown LLP;
Legal Alert/Article
April 8, 2015, previously published on March 17, 2015
The proliferation of smart phones raised novel privacy and security concerns due to the unprecedented amounts and types of personal information that these devices and their applications could collect, use, store and share. Many aspects of our lives-communications, social interactions, shopping,...

 

HTMLEmployer Vicariously Liable for Assault by an Employee on Another
Duncan A. W. Abate, Marina O. K. Fung, Hong Tran; Mayer Brown JSM;
Legal Alert/Article
April 8, 2015, previously published on March 18, 2015
In Yeung Mei Hoi v Tam Cheuk Shing and Another [2015] HKCA 109, the Court of Appeal reversed the decision from the Court of First Instance and held that the employer was vicariously liable for an assault committed by its employee to another employee.

 

HTMLCourt Fee increases from Monday
Miles Robinson, Kate Wilson; Mayer Brown International LLP;
Legal Alert/Article
April 7, 2015, previously published on March 5, 2015
In January 2015, the Government announced a dramatic increase in the fee for issuing Court proceedings in money claims worth £10,000 or more. Following Parliamentary approval on 4 March, the new fees will come into force on 9 March. Until now, the highest issue fee for a money claim has been...

 

HTMLNinth Circuit Upholds Substantial Punitive Damages Award in Sexual Harassment Case Despite Award of Nominal Compensatory Damages
Ruth Zadikany, Lori A. Zahalka; Mayer Brown LLP;
Legal Alert/Article
April 7, 2015, previously published on January 28, 2015
Decision: In State of Arizona v. Asarco, an en banc Ninth Circuit panel held that a $300,000 punitive damages verdict in a sexual harassment case in which only nominal damages were awarded comported with due process. The plaintiffs in the underlying case successfully established liability for...

 

HTMLCalifornia Appellate Court Upholds On-Duty Rest Periods
Ruth Zadikany, Lori A. Zahalka; Mayer Brown LLP;
Legal Alert/Article
April 7, 2015, previously published on January 28, 2015
Decision: In Augustus v. ABM Security Services, Inc., a California Court of Appeal reversed a $94 million judgment in a wage-and-hour class action, rejecting the plaintiffs’ theory that the company violated wage-and-hour laws by requiring some employees to remain “on call” and...

 

HTMLFederal Revenue Ordinance No. 1
Carolina M. Bottino, Roberta P. Caneca, Celso Grisi, Ivan Tauil, Eduardo Maccari Telles; Tauil & Chequer Advogados in association with Mayer Brown LLP;
Legal Alert/Article
April 7, 2015, previously published on February 25, 2015
On February 18, 2015 the Federal Revenue Ordinance no. 1 was enacted, which regulates the federal tax installment program, applied to companies and shareholders that are under judicial reorganization, instituted by the Law 13.043/14 (derived from the conversion of Provisional Measure 651/14).

 


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