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|SAFE Circular 19: A Nationwide Liberalisation of Capital Account Settlement for FIEs|
Betty F. K. Tam; Johnson Stokes & Master Mayer Brown JSM;
May 1, 2015, previously published on April 17, 2015On 8 April 2015, the State Administration of Foreign Exchange (SAFE) issued the Circular of the SAFE on Relevant Issues Concerning the Reform of the Administrative Method of the Conversion of Foreign Exchange Funds by Foreign-invested Enterprises (Circular 19), which will come into effect on 1 June...
|Securitization in China - Overview and Issues|
Jeffrey H. Chen, Liu Haiping; Dentons Canada LLP;
April 29, 2015, previously published on February 11, 2015This article provides an overview of the two main government-sponsored securitization schemes in the PRC - one administered by the China Bank Regulatory Commission (CBRC), the other administered by the China Securities Regulatory Commission (CSRC). The main body of the article, however, focuses on...
|Court Fees to Rise Up to Sixfold From Monday 9 March 2015|
Bryan Johnston; Dentons Canada LLP;
April 29, 2015, previously published on March 5, 2015Parliament resolved yesterday, 4 March 2015, to approve HM Government's proposed introduction of "enhanced" court fees. According to section 1 of the Civil Proceedings and Family Proceedings Fees (Amendment) Order 2015, the new regime will take effect from Monday 9 March 2015. The new...
|SEC Assault on Employee Confidentiality Agreements|
David C. Fischer; Loeb & Loeb LLP;
April 28, 2015, previously published on April 12, 2015The Securities and Exchange Commission recently announced an enforcement action against KBR, Inc., alleging that a form of confidentiality agreement used in internal investigations violated an SEC whistleblower rule. To settle the matter, KBR revised its form of agreement and agreed to pay a fine...
|The CSA Proposes Amendments to the Passport System|
Juliamai L. Giffen, Kwang Lim, John D. MacNeil, Stephanie A. Romano; Bennett Jones LLP;
April 28, 2015, previously published on April 23, 2015On April 16, 2015, the Canadian Securities Administrators (CSA), except for the Ontario Securities Commission (OSC), published a notice and request for comments on proposed amendments to Multilateral Instrument 11-102 - Passport System.
|Company Formations In Cyprus|
Elena Georgiou, Lia Iordanou Theodoulou; Patrikios Pavlou & Associates LLC;
April 28, 2015, previously published by Lawyer issue on April, 2015Cyprus has traditionally been a significant destination for the setting up of international business companies (IBCs) (that is to say companies with foreign interests).
|Cybersecurity Duties of Private Organization Governing Boards and Management|
Fred L. Somers Jr. P.C.;
April 23, 2015, previously published by www.somerslawfirm.org on Spring 2015Organization governing boards and management need to focus on protecting the organization’s and its members’ and employees’ sensitive and private data. This data in the wrong hands may result in disastrous legal consequences for the organization and the persons whose data has been...
|Concerning the Introduction of High Alert and Emergency Situation Regimes|
Oleg V. Batyuk, Igor Davydenko; Dentons Canada LLP;
April 22, 2015, previously published on February 2, 2015Order of the Cabinet of Ministers of Ukraine No. 47-p “On the Introduction of High Alert and Emergency Situation Regimes” entered into force on 26 January 2015. The Order imposes an emergency situation regime on the Donetsk and Lugansk regions and a high alert regime on other regions of...
|Change in the Quorum for General Meetings of Joint-Stock Companies|
Igor Davydenko; Dentons Canada LLP;
April 22, 2015, previously published on February 2, 2015On 13 January 2015 the Verkhovna Rada of Ukraine adopted the Law of Ukraine “On Amendments to Article 41 of the law of Ukraine "On Joint-Stock Companies" regarding the quorum for the general shareholders' meetings of joint stock companies, in which the State owns the majority...
|Potential Tax Changes Ahead for Pennsylvania Nonprofits|
H. Lee Schwartzberg; Schnader Harrison Segal & Lewis LLP;
April 20, 2015, previously published on January 2015Pennsylvania charities that rely on exemptions from real property tax and sales and use tax may have good reason to be concerned. A recently released special report prepared by the Pennsylvania Auditor General quantifying potential tax revenues from currently exempt properties underscores the...