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HTMLAustralian Court Issues Freezing Order in Aid of Foreign Proceedings—What's Good for the Goose Will Be Good for the Gander
Steven W. Fleming, Tony Wassaf; Jones Day;
Legal Alert/Article
December 10, 2013, previously published on December 2013
A Swiss incorporated subsidiary of Severstal, a Russian steel manufacturer, and Bhushan, an Indian company, are in dispute about shipments of steel by Severstal from Russia to Bhushan's Indian plant. Proceedings in relation to this dispute have been determined in Switzerland and are also ongoing in...

 

HTMLSub-Saharan Africa's Performance in this Year's Corruption Perception Index
Matthew J. Cannon, D. Porpoise Evans, Alais L. M. Griffin, Benjamin B. Tymann; Greenberg Traurig, LLP;
Legal Alert/Article
December 9, 2013, previously published on December 5, 2013
The Corruption Perceptions Index (CPI), published annually by Transparency International, scores 177 countries and territories on their perceived level of public sector corruption using a scale from 0 (highly corrupt) to 100 (very clean). This highly-respected annual perception ranking draws its...

 

HTMLChina Unveils Preferred Share Pilot Program for Listed Companies and Non-Listed Public Companies
Brian D. Beglin, Jin Wang, Xiaowei Ye; Bingham McCutchen LLP;
Legal Alert/Article
December 9, 2013, previously published on December 6, 2013
On November 30, 2013 the State Council issued Guiding Opinions on Launching Pilot Program for Preferred Shares (the “Opinions”), which set forth 16 guidelines concerning the rights and obligations of preferred shareholders, the issuance and trading of preferred shares, and associated...

 

HTMLWorld Bank Report Concludes That Financial Sanctions Imposed By Prosecuting States Are Failing To Compensate Countries Whose Officials Have Been Bribed
Annie Clarke, Jamie Humphreys, James Maton, Antonio Suarez-Martinez; Edwards Wildman Palmer LLP;
Legal Alert/Article
December 5, 2013, previously published on December 3, 2013
The World Bank’s Stolen Asset Recovery Initiative (StAR) last week published a report, Left Out of the Bargain (http://star.worldbank.org/star/publication/left-out-bargain-settlements-foreign-bribery-cases-and-implications-asset-recovery), concluding that although significant out of court...

 

HTMLEuropean Commission Proposes New Ground Rules for US Safe Harbor
Susan L. Foster; Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.;
Legal Alert/Article
December 2, 2013, previously published on November 28, 2013
(LONDON) The European Commission, which has the authority to make changes to the US Safe Harbor program, has published a paper titled “Rebuilding Trust in EU-US Data Flows” that sets out the changes that the Commission would like to see the US adopt. While it would be a bit premature to...

 

HTMLCanada Joins the International Centre for Settlement of Investment Disputes
Davis LLP;
Legal Alert/Article
November 28, 2013, previously published on November 27, 2013
On November 1, 2013 Canada ratified the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (the “Convention”).

 

Adobe PDFCanada Ratifies International Arbitration Protocol
David Lederman, Neill May; Goodmans LLP - Toronto;
Legal Alert/Article
November 22, 2013, previously published on November 15, 2013
Canada will finally adopt the International Centre for Settlement of Investment Disputes (“ICSID”) convention as of December 1, 2013. The convention, which has been adopted by 150 other countries including most of Canada’s frequent trading partners, will have significant impact on...

 

HTMLCourt Fee Increased
Dentons Canada LLP;
Legal Alert/Article
November 19, 2013, previously published on November 8, 2013
On 23 October 2013 Law of Ukraine dated 19.09.2013 No. 590-VII “On Amending Certain Legislative Acts of Ukraine concerning Payment of Court Fee” entered into force.

 

Adobe PDFEU Derivatives Trade Reporting Obligations to Begin on February 12, 2014
Skadden Arps Slate Meagher Flom LLP;
Legal Alert/Article
November 19, 2013, previously published on November 15, 2013
Starting February 12, 2014, the European Market Infrastructure Regulation (EMIR) will require EU-counterparties to all derivative contracts, whether traded on or off exchange, to report certain trade information and details to a registered trade repository (TR) for that particular class of...

 

HTMLWhere Do We Stand on the Territorial Scope of EU Data Protection Law Following the Recent European Parliament Vote?
Marianne Le Moullec; Proskauer Rose LLP;
Legal Alert/Article
November 15, 2013, previously published on November 13, 2013
The determination of the territorial scope of the current EU Directive n° 95/46 is still under dispute both before national Courts and the European Court of Justice (ECJ). This issue may soon become moot with the adoption of future data protection regulation, which may modify and expand the...

 


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