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Latest articles
Trusts: duty of outgoing trustee: indemnity costs
Bedell Cristin
This decision of the Royal Court in Jersey provides a reminder of the duties of an outgoing trustee to provide information to his successor.
Recent changes to SEC rating agency reform impose burdensome requirements on structured products participants
Cadwalader Wickersham & Taft LLP
Recent amendments to rules of the Securities and Exchange Commission ("SEC") relating to Nationally Recognized Statistical Rating Organizations ("NRSROs") will require persons seeking a rating of structured products and asset backed securities to establish and maintain a password-protected website containing all information provided to a NRSRO in connection with the rating.
Little-known options for business - part II: B-1 in lieu of H-1B
Fakhoury Law Group PC
"Little-known options for business - part I: intermittent L-1 visas" looked at intermittent L-1 visas, which can allow persons who do not reside in the United States to stay there indefinitely.
Southern District of New York Bankruptcy Court reaffirms validity of gifting plans
Cadwalader Wickersham & Taft LLP
The United States Bankruptcy Court for the Southern District of New York ruled recently on the validity of "gift plans" - plans of reorganization under which a senior creditor "gifts" assets to a junior creditor or equity holder.
Radiocommunication licences for in-flight mobile services
Baker & McKenzie
The Australian Communications and Media Authority (ACMA) has released a discussion paper containing proposals for the development of a radiocommunications licensing system for mobile telecommunications services in aircraft during flight.
Treasury, IRS issue proposed regulations and guidance addressing FBAR reporting requirements for retirement plans
Katten Muchin Rosenman LLP
At the end of February, the Financial Crimes Enforcement Network (FinCEN) bureau of the U.S. Department of the Treasury issued proposed amendments to the Bank Secrecy Act regulations governing Reports of Foreign Bank and Financial Accounts, commonly referred to as “FBAR.”
CESR and SFC release their proposals for short-selling disclosures
Clifford Chance LLP
CESR has submitted a report to the European Commission, recommending the introduction of a pan-European disclosure regime for net short positions in shares.
CBP determines origin of alternator for US Government procurement contracts
White & Case LLP
On February 3, 2010, CBP published notice of its final determination in HQ H075667 (Jan. 21, 2010) concerning the country of origin of an alternator which may be offered to the US Government under a government procurement contract.
New York Insurance Department considering requesting lower federal tax rate
Edwards Angell Palmer & Dodge
According to media reports, New York Insurance Department (the “Department”) Superintendent James Wrynn announced at a membership meeting of the Association of Insurance & Reinsurance Run-Off Companies (AIRROC) that the Department’s tax working group is reviewing whether a revived New York Insurance Exchange (the “Exchange”) should request a lower federal corporate tax rate.
A prison medical officer’s failure to take a prisoner’s medical history amounted to a breach of duty
Reynolds Porter Chamberlain LLP
Over the period from March to May 2005, the claimant, an inmate in prison, saw three different doctors complaining of a lump in her breast.