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|New Canadian Resource Revenue Transparency Rules Released|
Daniel P. Cipollone, Eden M. Oliver, Claire Webster; Bennett Jones LLP;
November 17, 2014, previously published on October 28, 2014On October 23, 2014, the Government of Canada introduced its Extractive Sector Transparency Measures Act (the Bill), which will impose mandatory reporting requirements for each entity engaged in the "commercial development of oil, gas or minerals" (exploration, extraction, or having...
|Government of India Discloses Names of Overseas Bank Account Holders: Risk and Ramifications Analysis|
Saionton Basu; Duane Morris;
November 17, 2014, previously published on October 29, 2014The GOI is obligated to disclose to the Supreme Court all such names of account holders it has received from cooperating territories and investigating agencies under the Egmont Principles, in line with past Supreme Court directives.
|Revised Lobbyists' Code of Conduct Consultation|
Gregory (Greg) Kane; Dentons Canada LLP;
November 17, 2014, previously published on October 23, 2014The Commissioner of Lobbying, pursuant to powers in the Lobbying Act (the Act), has published a revised Code of Conduct and invited written submissions on these proposed revisions. Once the Commissioner finalizes the revisions to the Code, they will be referred to the House of Commons Standing...
|Time Off To Vote - Voting Leave in Massachusetts|
Jennifer L. Parent; McLane, Graf, Raulerson & Middleton Professional Association;
November 17, 2014, previously published on October 30, 2014With the November elections here, employers should take a moment to refresh their understanding on voting leave law in Massachusetts. Specifically, in Massachusetts, an employer must provide an employee up to two hours off after the opening of the polls in the employee’s town or ward to vote...
|Pennsylvania Amends Act 47 to Give the Commonwealth More Oversight and its Municipalities Less Time to Reorganize|
William W. Kannel, Adrienne K. Walker; Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.;
November 17, 2014, previously published on November 7, 2014Pennsylvania’s legislature recently approved House Bill No. 1773, an overhaul to its Municipalities Financial Recovery Act, commonly known as “Act 47.” HB 1773 was signed into law by Governor Tom Corbett on October 31, 2014.
|MSRB Proposes to Extend "Gifts" Rule to Municipal Advisors|
J. Andrew Gipson; Jones Walker LLP;
November 17, 2014, previously published on November 6, 2014The Municipal Securities Rulemaking Board ("MSRB") on October 23, 2014, issued a request for comment on proposed rule amendments expanding application of Rule G-20 to municipal advisors. MSRB Rule G-20 presently governs gifts, gratuities, and non-cash compensation given or permitted to be...
|Cyberwarfare Is Here; Is the U.S. Prepared?|
Eric J. Sinrod; Duane Morris LLP;
November 17, 2014, previously published on October 28, 2014Practically every aspect of life now takes place in cyberspace in addition to in the traditional world we know. While at first blush that generally may sound like a good thing, warfare now also takes place online as part of real conflicts, and not just in the realm of computer games.
|Three Observations From the SEC’s Settlements with Thirteen Municipal Dealers Over Below-Denomination Sales of Puerto Rico Bonds|
Mintz Levin Cohn Ferris Glovsky Popeo P.C.;
November 17, 2014, previously published on November 5, 2014On November 3, 2014, the SEC announced settlements with thirteen different registered municipal securities dealers in connection with sales of non-investment grade bonds issued by Puerto Rico in 2014.
|IRS Provides Increased Flexibility on Management Contracts for Tax-Exempt Bond-Financed Property|
Maxwell D. Solet; Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.;
November 17, 2014, previously published on November 10, 2014On October 24, 2014, the Internal Revenue Service issued Notice 2014-67 (the “Notice”), which provides important guidance and increased flexibility for issuers and conduit borrowers of tax-exempt bonds regarding contracting with private parties in a manner that avoids “private...
|Mandatory Privacy Training Rule for Federal Contractors Expected Soon|
Jonathan T. Cain; Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.;
November 17, 2014, previously published on November 10, 2014A rule to require federal contactors handling personally identifiable information to train their employees in safeguarding the information is close to release. Under the anticipated rule, contractor employees will have to undergo either agency training when the agency chooses to make it available,...