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|Good News for Hong Kong Companies with Bilingual Names|
Loretta W.M. Chan, Patrick C. K. Wong; Mayer Brown JSM;
July 26, 2014, previously published on July 25, 2014Since the commencement of the Companies (Disclosure of Company Name and Liability Status) Regulation (Cap.622B) ("Regulation"), a subsidiary legislation of the Companies Ordinance (Cap.622) in March this year, practitioners and compliance professionals have been concerned about its impact...
|US Government Agencies Expand Ukraine-Related Sanctions|
Suzan Min Lehmann; Hinckley, Allen & Snyder LLP;
July 23, 2014, previously published on July 21, 2014On Wednesday, July 16, 2014, President Obama announced new economic sanctions that restrict access by targeted companies in Russia’s financial and energy sectors to US capital markets. These sanctions are being implemented by the U.S. Department of the Treasury’s Office of Foreign Asset...
|Brussels Regulation Reform—Effects Felt Beyond Europe|
Christopher Braithwaite, Adam R. Brown, Lucas J. Moore; Jones Day;
July 14, 2014, previously published on July 2014From 10 January 2015, the reformed Brussels Regulation will be applied by the courts of all Member States of the European Union to regulate matters of jurisdiction and the recognition and enforcement of judgments in connection with civil and commercial claims. The impact of the "key"...
|Choice of Contractual Governing Law: A Key Risk Management Tool|
Stephen Antle; Borden Ladner Gervais LLP;
July 9, 2014, previously published on July 4, 2014This is the first in a series of bulletins highlighting practical strategies for dealing with common issues in international business transactions and disputes. This bulletin is about choice of contractual governing law - a key risk management tool in international business transactions.
|Make 'Em Pay! Sovereign Nation Or Not|
Joseph T. King; Burr & Forman LLP;
July 7, 2014, previously published on June 26, 2014On June 16, 2014, the United States Supreme Court ruled that the Foreign Sovereign Immunities Act doesn't forbid or limit post-judgment discovery in aid of execution. Indeed, there is nothing wrong with a judgment creditor seeking discovery in a supplemental proceeding of a sovereign nation's bank...
|U.S. Supreme Court Rejects Limits on Post-Judgment Discovery Into Foreign States’ Assets: Supreme Court Holds That Post-Judgment Discovery Into the Overseas Assets of a Foreign State Is Not Barred by the Foreign Sovereign Immunities Act|
Sullivan Cromwell LLP;
June 27, 2014, previously published on June 16, 2014The U.S. Supreme Court held today that the Foreign Sovereign Immunities Act (FSIA), 28 U.S.C. § 1602 et seq., does not bar post-judgment discovery into the overseas assets of a foreign state. In Argentina v. NML Capital Ltd., No. 12-842 (June 16, 2014), a divided Court affirmed the Second...
|Conflict Over Proportionate Liability Laws in Australia|
John Emmerig, Michael Legg; Jones Day;
June 24, 2014, previously published on June 2014The judgments in two Full Court decisions of the Federal Court, delivered one week apart, have reached quite different views on an important aspect of the operation of the proportionate liability laws for a number of important federal statutory regimes.
|Rating Agency Liability to Investors Upheld by Australian Federal Court of Appeals|
Steven W. Fleming; Jones Day;
June 24, 2014, previously published on June 2014In a landmark decision, a bench of three judges of the Full Federal Court—which essentially acts as the Federal court of appeal in Australia—has, in ABN AMRO Bank NV v Bathurst Regional Council  FCAFC 65, unanimously upheld a first instance decision which ruled that global ratings...
|The Importance of Borders in a Borderless World: Ontario Court Stays Action for U.S. Transportation Taxes|
Byron Shaw; McCarthy Tétrault LLP;
June 23, 2014, previously published on June 4, 2014In Prince v. ACE Aviation Holdings Inc., the Ontario Court of Appeal stayed a class action based on allegations that Air Canada had improperly collected transportation taxes levied under the U.S. Internal Revenue Code (the “Code”). The Court’s decision highlights the difficulty in...
|Pending Deadlines and Electronic Filing Requirement for Those with Foreign Assets or Accounts|
Alex P. Trostorff; Jones Walker LLP;
June 16, 2014, previously published on June 2014U.S. citizens and resident aliens, including those with dual citizenship who have lived or worked abroad during all or part of 2013, may have a U.S. tax liability and a filing requirement in 2014, with the June 16 filing deadline quickly approaching. In addition, taxpayers with foreign accounts...