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Adobe PDFUpdate 1: Summary of Federal Reserve's Term Asset-Backed Securities Loan Facility
Winston & Strawn LLP;
Legal Alert/Article
November 29, 2009, previously published on December 2008
On November 25, 2008, the Federal Reserve Board of Governors (the "Federal Reserve") announced the creation of the Term Asset-Backed Securities Loan Facility ("TALF").

 

Adobe PDFCourt of Appeal Upholds that Zip Code Information is Not Personal Identification Information
David L. Aronoff, Gayle I. Jenkins; Winston & Strawn LLP;
Legal Alert/Article
November 29, 2009, previously published on December 2008
In Palmer v. Party City Corp., the Court of Appeal for the Fourth Appellate District of California held that a merchant's requesting and recording of a customer's zip code does not amount to the requesting and recording of protected "personal identification information" that is...

 

HTMLUkraine-Netherlands Double Tax Treaty: STAU Announces Position re Up-Front Tax Relief
Svitlana Musienko, Illya Sverdlov, Lilia Sylvestrova, Dmytro Donets; DLA Piper;
Legal Alert/Article
November 28, 2009, previously published on November 21, 2008
Ukraine's State Tax Administration (STAU) has issued Letter No 22303/7/12-0117 (Letter) declaring its position in the application of up-front tax relief from Ukrainian withholding tax on dividends under the Tax Treaty with the Netherlands.

 

HTMLSeventh Circuit Holds That Consumer Consent to Increased Rates Trumps Notice Regulation
Michelle Maslowski; Frost Brown Todd LLC;
Legal Alert/Article
November 28, 2009, previously published on May 26, 2009
Swanson v. Bank of America, 559 F.3d 653 (7th Cir. 2009), involved a class action suit where Bank of America extended credit to the plaintiffs under the condition that if the balance on the credit card exceeded the credit limit at the end of two months in any rolling 12-month period, the interest...

 

Adobe PDFRevised ACAS Code of Practice Approved
Robin Jeffcott, Laurence Rees, Ranjit Dhindsa, Tom Ince; Reed Smith LLP;
Legal Alert/Article
November 28, 2009, previously published on November 2008
The Secretary of State has approved the new draft ACAS Code of Practice on discipline and grievances following public consultation.

 

Adobe PDFEU Temporary Workers' Directive Approved by European Parliament
Robin Jeffcott, Laurence Rees, Ranjit Dhindsa, Thomas Ince; Reed Smith LLP;
Legal Alert/Article
November 28, 2009, previously published on November 2008
After many years of political wrangling, the European Parliament has finally approved a Directive giving new rights to temporary agency workers.

 

HTMLCertain Technical Deficiencies under Truth in Lending Act No Longer Fatal
Lucy Dollens; Frost Brown Todd LLC;
Legal Alert/Article
November 28, 2009, previously published on July 21, 2009
The U.S. Court of Appeals for the First Circuit recently held that technical deficiencies contained within a notice of rescission sent to borrowers are not fatal under the Truth In Lending Act, 15 U.S.C. ยง1635 ("TILA"). Melfi v. WMC Mortgage Corp., 568 F.3d 309, 312 (1st Cir. June 11,...

 

HTMLFSA Signals End to Self-Regulation of Retail Banking
John Ahern, Daren Allen, Elisabeth Bremner, Michael McKee; DLA Piper;
Legal Alert/Article
November 28, 2009, previously published on November 12, 2008
Last week, the FSA took a step closer to realising the vision outlined in John Tiner's valedictory speech as Chief Executive Officer of the FSA in July 2007.

 

Adobe PDFPennsylvania Supreme Court Grants Oral Argument in Key Software Case
Michael A. Jacobs, Lee A. Zoeller; Reed Smith LLP;
Legal Alert/Article
November 28, 2009, previously published on November 2008
The Pennsylvania Supreme Court has granted oral argument in our closely-watched case that could determine whether software is tangible personal property subject to Pennsylvania sales and use tax.

 

HTMLAre My Bank Deposits Fully Protected? FDIC Publication Explains Higher Deposit Insurance Coverage
Richard J. Firfer; Much Shelist Denenberg Ament & Rubenstein, P.C.;
Legal Alert/Article
November 28, 2009, previously published on December 2008
With banks and the economy in the news so much lately, many people are thinking more about the safety of their money.

 


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