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|ISS Proposes 2015 Policy Updates: No Proposal on Unilateral Bylaw Amendments; U.S. Policy Changes Would Introduce Uncertainty for Independent Chair Shareholder Proposals and Implement a Scorecard for Equity Plan Proposals|
Sullivan Cromwell LLP;
October 19, 2014, previously published on October 16, 2014Yesterday, Institutional Shareholder Services, the proxy advisory firm, published proposed changes to its proxy voting guidelines for the 2015 proxy season. The proposals applicable to U.S. companies are limited and do not include any proposed change relating to unilateral bylaw amendments. ISS had...
|White House Announces New Global Anticorruption Initiative|
McDonald Hopkins LLC;
October 18, 2014, previously published on October 10, 2014The White House recently unveiled its new Global Anticorruption Agenda to actively pursue corporations and executives who violate the Foreign Corrupt Practices Act (FCPA). The administration’s increasingly hard stance against corruption is backed up by the numbers: since 2009, the United...
|Bermuda Reveals New Draft Work Permit Policy|
Catharine Yen; Greenberg Traurig, LLP;
October 16, 2014, previously published on October 5, 2014On October 1, 2014, the Minister of Home Affairs revealed the new Draft Work Permit Policy which offers new categories of work permits. The goal of the new work permit policy is to restore economic health to Bermuda and create job opportunities for local Bermudians. Minister of Home Affairs intends...
|Mozambique Will Announce New Licensing Round for 15 O&G Exploration Blocks|
Alexandre R. Chequer, Gonçalo Falcão, Victor Galante, Paulo Rage; Tauil & Chequer Advogados in association with Mayer Brown LLP;
October 16, 2014, previously published on October 13, 2014The Government of the Republic of Mozambique, through its regulatory agency, the Institute of National Petroleum - INP, has stated that a competitive bidding round for the exploration of 15 blocks with hydrocarbon potential in the offshore areas of Rovuma, Zambezi and Angoche and the onshore areas...
|Special Transportation & Infrastructure Panel Releases Report on Public-Private Partnerships|
Diane J. Blagman, Robert S. Brams, Alais L. M. Griffin, Yosbel A. Ibarra, Jamey L. Tesler; Greenberg Traurig, LLP;
October 15, 2014, previously published on October 2, 2014Last week, the U.S. House of Representatives Transportation and Infrastructure Committee’s Panel on Public-Private Partnerships (P3 Panel) released its final report and recommendations regarding how to improve the delivery, oversight, and transparency of P3s (Report). This Report comes at the...
|Québec Government and Gaz Métro Partner for LNG|
Louis-Nicolas Boulanger; McCarthy Tétrault LLP;
October 15, 2014, previously published on October 3, 2014On September 30, 2014, Québec Premier Philippe Couillard, jointly with the Minister of Energy and Natural Resources and the Minister Responsible for the Northern Plan, Mr. Pierre Arcand, the Minister for Transport and the Implementation of the Maritime Strategy, Mr. Jean d’Amour, and...
|The Supreme Court Approves a New Tool to Defeat Class Certification in Federal Securities Fraud Cases Brought in the Fifth Circuit - Price Impact Evidence|
Brian C. Kimball; Butler Snow LLP;
October 15, 2014, previously published on October 8, 2014The Supreme Court decision in Halliburton v. Erica P. John Fund, Inc., 134 S.Ct. 2398 (2014) concerns a federal securities fraud class action. The case was appealed from the Fifth Circuit. In Haliburton, the Supreme Court rejected the Fifth Circuit’s holding that defendants could not present...
|Political Activities and the Law: Mitigating Risks for Corporations and Nonprofits|
Kirk L. Jowers, Trevor Potter, Matthew T. Sanderson; Caplin & Drysdale, Chartered;
October 15, 2014, previously published on October 15, 2014Over the past few years, the political law landscape has changed dramatically for those engaging in political activities, including for-profit corporations, nonprofit entities, and their principals. Mismanagement of these activities can cause considerable harm to individuals and organizations in...
|France Lessens Work Authorization Application Burden for Master II Level Applicants|
Matthew Galati; Greenberg Traurig, LLP;
October 15, 2014, previously published on September 30, 2014Master’s Degree students in France who are reaching the end of their programs no longer need to apply for A.P.S. (“Autorisation Provisoire de Séjour”) at least four months in advance, a major relaxation of administrative burdens on foreign students and employers alike.
|Staying in Compliance with the Colorado Division of Labor Requirements|
Ali Brodie; Greenberg Traurig, LLP;
October 15, 2014, previously published on October 2, 2014Pursuant to the Colorado Employment Verification Law (C.R.S. § 8-2-122), all public and private employers in Colorado must adhere to additional employer compliance requirements, separate and in addition to those mandated by the Federal Form I-9 requirements. All Colorado employers are required...