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The latest swaps litigation: the English High Court rules that the Bank of Scotland was entitled to exclude obligations by express agreement and the parties are bound by their agreement that there was no advisory relationship
  • Mayer Brown LLP
  • United Kingdom
  • January 21 2018

The latest swaps mis-selling decision was handed down on 5 December 2017 in Marz Limited v Bank of Scotland Plc (2017). The High Court was required


New IRS Transfer Pricing Directives
  • Mayer Brown LLP
  • USA
  • January 18 2018

On January 12, 2018, the IRS Large Business and International ("LB&I") Division released a set of "Directives" regarding new transfer pricing


Hong Kong Court upholds SFC search warrant used to assist CSRC's investigations
  • Mayer Brown JSM
  • Hong Kong
  • January 18 2018

The recent case of Tang Hanbo v. The Securities and Futures Commission and another, provides an interesting insight into the SFC's increasingly close


Federal Statute Barring Disclosure of Tax Return Information Limits Claims Against Accountants
  • Mayer Brown LLP
  • USA
  • January 17 2018

The Supreme Court of South Carolina issued an opinion in November 2017 that is of interest to accountants or accounting firms that prepare tax returns


Brazil: CVM Issues New Guidelines to Fund Managers Concerning Investment in Cryptocurrencies
  • Mayer Brown - Tauil & Chequer
  • Brazil
  • January 16 2018

On Friday, January 12, 2018, the Brazilian Securities and Exchange Commission (CVM), responsible for regulating the Brazilian capital market, issued a


The SFC's Updated Guidance on the Benefits of Co-operation: A New Approach?
  • Mayer Brown JSM
  • Hong Kong
  • January 16 2018

On 12 December 2017, the Securities and Futures Commission (SFC) issued a Guidance Note on Co-operation (the "Note") highlighting the benefits of


USCIS Issues Guidance on DACA Renewal Applications
  • Mayer Brown LLP
  • USA
  • January 16 2018

As we reported on January 11, 2018, Judge William Alsup of the US District Court for the Northern District of California issued a preliminary


Brazil: Bill Proposes International Security Standards for Public Databases
  • Mayer Brown - Tauil & Chequer
  • Brazil
  • January 16 2018

Bill No. 8,12717 ("New Bill"), proposed by Federal Deputy Bruna Furlan (PSDB-SP), establishes an amendment to the Law that created the National Civil


Gilead’s Petition for Review of Ninth Circuit FCA Ruling
  • Mayer Brown LLP
  • USA
  • January 12 2018

On December 26, 2017, defendant Gilead Sciences Inc. filed a petition for certiorari (case number 17-936), requesting the Supreme Court to review a


Dormant Commerce ClauseTaxation of Internet Sales
  • Mayer Brown LLP
  • USA
  • January 12 2018

In 1967, the Supreme Court held that the Constitution's dormant Commerce Clause prohibits a state from requiring catalog retailers to collect sales