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|U.S. Government Terminates Sanctions Against Burma, Issues FAQs Regarding Iran Sanctions|
Sean Thomas Boyce, Laura Fraedrich, Michael P. (Mike) Gurdak, Fahad A. Habib, D. Grayson Yeargin; Jones Day;
October 26, 2016, previously published on October 2016On October 7, 2016, the U.S. government, consistent with previously stated intentions, lifted the economic and financial sanctions against Burma (Myanmar). Separately, the Department of the Treasury's Office of Foreign Assets Control ("OFAC") amended its Frequently Asked Questions...
|'Duress in a Knowledge Economy' - Higher Education and the Impact of Brexit|
Emma Flower; Withers Bergman LLP;
October 26, 2016, previously published on October 14, 2016Oxford University has recently been in the news for having been awarded first place in the Times Higher Education global universities' league table, displacing the five-time winner, the California Institute of Technology. Other than the US, the UK has the highest number of world-class universities...
|Election Time and the Minnesota Voter Leave Law|
Bruce J. Douglas; Ogletree, Deakins, Nash, Smoak & Stewart, P.C.;
October 25, 2016, previously published on October 17, 2016Minnesota is one of several states that require all employers, both public sector and private sector, to grant time off with pay to employees to vote in the upcoming general election to be held on Tuesday, November 8, 2016.
|Common Reporting Standard: HMRC Releases Revised Guidance for UK Charities|
Alana Petraske; Withers Bergman LLP;
October 25, 2016, previously published on September 28, 2016The Common Reporting Standard (CRS) is, like FATCA before it (a regime established by US legislation, the Foreign Account Tax Compliance Act, which was brought into UK law by a treaty with the US), an information exchange regime aimed at international tax transparency: 'financial institutions' are...
|A New Primer on Voting Leave Requirements: Are You Ready for the Elections?|
Matthew K. Johnson; Ogletree, Deakins, Nash, Smoak & Stewart, P.C.;
October 25, 2016, previously published on October 19, 2016The U.S. general election is scheduled for Tuesday, November 8, 2016. In this election, voters will determine the next president of the United States, and all 435 seats in the U.S. House of Representatives and 34 of the 100 seats in the U.S. Senate are up for grabs. In addition, 12 states will hold...
|Parliament Looks to Enhance Shareholder Democracy and Gender Diversity Disclosure|
Joseph DiPonio, Stephen P. Robertson; Borden Ladner Gervais LLP;
October 20, 2016, previously published on October 13, 2016On September 28, 2016, the Canadian parliament tabled Bill C-25 ("Bill") for first reading which proposes amendments to the Canada Business Corporations Act ("CBCA"). Of particular interest to reporting issuers incorporated under the CBCA are amendments requiring: (1) changes to...
|Ontario Reintroduces Patients First Act, 2016 with Important Changes|
Meghan Lindo, Lydia Wakulowsky; Borden Ladner Gervais LLP;
October 20, 2016, previously published on October 13, 2016On October 6, 2016, the Ontario Legislature reintroduced the Patients First Act, 2016 as Bill 41. Bill 41 is very similar to its predecessor, Bill 210, which was introduced in June 2016, but makes some important changes to the previous bill.
|CFPB Single-Director Structure Unconstitutional: CFPB Director Now Serves at President’s Will|
Thomas M. Byrne, Matt Gatewood, Kymberly Kochis, Lewis S. Wiener; Sutherland Asbill & Brennan LLP;
October 14, 2016, previously published on October 14, 2016A divided panel of the U.S. Court of Appeals for the District of Columbia Circuit ruled October 11, 2016, that the current structure of the Consumer Financial Protection Bureau (CFPB) is unconstitutional. The court concluded that an independent agency such as the CFPB cannot have a single director...
|Government of Canada Approves Pacific NorthWest LNG Project|
Bradley M. Eidsness, Donald E. Greenfield, William S. Osler, Vivek T.A. Warrier; Bennett Jones LLP;
October 12, 2016, previously published on September 28, 2016On September 27, 2016, the Government of Canada approved the Pacific NorthWest LNG natural gas liquefaction and export facility, sending a strong signal that it is committed to growing Canada's role as a global energy supplier.
|ISAO Standards Group Releases Guidelines for Information Sharing|
Sutherland Asbill Brennan LLP;
October 7, 2016, previously published on October 7, 2016Information and Sharing and Analysis Organizations, or ISAOs, can now look to four new publications for guidance in establishing ISAOs and in sharing cybersecurity information and interacting with the intelligence community, law enforcement agencies, U.S. regulatory agencies, and the Department of...