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HTMLDHS Announces Proposed Rules Designed to Attract and Retain Highly Skilled Immigrants and Offer Employment Authorization to H-4 Spouses
Elizabeth (Liz) E. Stern, Paul Virtue; Mayer Brown LLP;
Legal Alert/Article
May 13, 2014, previously published on May 9, 2014
On May 6, 2014, the US Department of Homeland Security (DHS) announced the publication of two proposed rules relating to highly skilled immigrant workers. The first would extend employment authorization to the spouses of certain specialty occupation (H-1B) workers; the second would enhance...

 

HTMLCircular 32 Provides Guidance on the Restrictions on the Use of Foreign Currencies in Vietnam
Mai Phuong Nguyen; Mayer Brown JSM Vietnam Limited;
Legal Alert/Article
May 13, 2014, previously published on May 12, 2014
To restrict the use of foreign currencies in Vietnam, the State Bank of Vietnam issued Circular No. 32/2013/TT-NHNN (Circular 32) on 26 December 2013.

 

HTMLBrazilian Forest Code, Rural Environmental Registry and Environmental Regularization Programs
Luiz Gustavo Bezerra, Gedham Medeiros Gomes; Mayer Brown LLP;
Legal Alert/Article
May 13, 2014, previously published on May 12, 2014
After nearly two years of waiting, the Environmental Ministry published, on May 6, 2014, Regulation No. 2 (Regulation), formally implementing the Rural Environmental Registry (RER). Now, all rural properties must be enrolled in the RER System (RERSYS) by May 2015. This deadline may be extended for...

 

HTMLUS Government Announces It Has Completed Receipt of H-1B Cap Petitions, Leaving Many US Employers Unable to Hire Needed Talent
Elizabeth E. Stern, Paul Virtue; Mayer Brown LLP;
Legal Alert/Article
May 12, 2014, previously published on May 7, 2014
During the five-day window beginning on April 1, 2014, US Citizenship and Immigration Services (“USCIS”) received approximately 172,500 H-1B visa petitions, an increase of nearly 50,000 H-1B petitions received compared to the same period last year.

 

HTMLProcess Is Its Own Reward: The IRS Modifies FATCA Effective Dates & Interim Compliance Standards
Jared B. Goldberger, Mark H. Leeds; Mayer Brown LLP;
Legal Alert/Article
May 12, 2014, previously published on May 5, 2014
On May 2, 2014, there were exactly 60 days until withholding and due diligence rules under the Foreign Account Tax Compliance Act (“FATCA”) became effective. Notwithstanding the fact that the US Internal Revenue Service (the “IRS”) has promulgated well over 1,000 pages of...

 

Adobe PDFFirst Conflict Minerals Filings Still Due June 2, 2014
Duncan A. W. Abate, David S. Bakst, Harry R. Beaudry, John P. Berkery, Edward S. Best; Mayer Brown JSM;
Legal Alert/Article
May 12, 2014, previously published on May 6, 2014
On April 29, 2014, Keith Higgins, the director of the Division of Corporation Finance for the US Securities and Exchange Commission (the Division), issued a statement confirming that “the Division expects companies to file any reports required under Rule 13p-1 on or before” June 2,...

 

HTMLCosmetics Company Agrees to Pay US$135M to Settle FCPA Claims
Joseph De Simone, Richard M. Rosenfeld, Allison J. Zolot; Mayer Brown LLP;
Legal Alert/Article
May 12, 2014, previously published on May 8, 2014
On May 1, 2014, it was announced that Avon Products, Inc., reached a settlement with US regulators over a long-standing federal probe into whether the cosmetics company paid bribes in China and other countries to gain favors. New York-based Avon agreed to pay $135 million in fines and other costs...

 

HTMLBrazilian Central Bank Publishes Guidelines for the Social and Environmental Responsibility Policies of Financial Institutions
Luiz Gustavo Bezerra, Gedham Medeiros Gomes, Eduardo Lima; Mayer Brown LLP;
Legal Alert/Article
May 12, 2014, previously published on May 6, 2014
After two years in public consultation, the Brazilian Central Bank (BCB) enacted Resolution no. 4,327 on April 28, 2014, establishing guidelines for financial institutions (and other organizations whose operations are authorized by the BCB) in connection with the creation and implementation of...

 

HTMLIncrease in the Maximum Level of Relevant Income for MPF
Duncan A. W. Abate, Anita W. C. Lam, Hong Tran; Mayer Brown JSM;
Legal Alert/Article
May 6, 2014, previously published on May 5, 2014
The maximum level of monthly relevant income for Mandatory Provident Fund (MPF) purposes will be increased from HK$25,000 to HK$30,000 with effect from 1 June 2014.

 

HTMLCircular 05 Lists Potentially Unsafe Products and Goods Under MIC Management
Mai Phuong Nguyen; Mayer Brown JSM Vietnam Limited;
Legal Alert/Article
May 6, 2014, previously published on May 5, 2014
On 6 April 2011 the government issued Decree No. 25/2011/ND-CP to detail and guide the implementation of the Law on Telecommunications (Decree 25). Decree 25, among other things, empowers the Ministry of Information and Communications (MIC) to issue lists of products and goods under MIC management...

 


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