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FSA to strengthen Remuneration Code
  • Proskauer Rose LLP
  • United Kingdom
  • December 23 2010

On December 17, 2010, the UK Financial Services Authority (the "FSA") published its final revised Remuneration Code rules which comes into force on January 1, 2011 (and covers bonus payments with respect to the 2010 fiscal year).


British Virgin Islands court rules on the ranking of redeemed shareholders
  • Proskauer Rose LLP
  • British Virgin Islands
  • March 3 2010

A recent decision from the Commercial Court of the British Virgin Islands has clarified the position of a redeemed shareholder of a fund who has a claim for redemption proceeds which have become due and payable.


IRS establishes guidelines to fix deferred compensation plan document defects under Code Section 409A
  • Proskauer Rose LLP
  • USA
  • March 3 2010

On January 5, 2010, the IRS issued Notice 2010-6 (the "IRS Notice"), which establishes a correction program for certain inadvertent instances of documentary noncompliance involving deferred compensation arrangements subject to Section 409A of the Internal Revenue Code ("409A").



Bruce L Lieb
  • Proskauer Rose LLP