On February 24, 2011, the Department of Treasury Financial Crimes Enforcement Network (FinCEN) issued a final rule that amends the regulations (the "Final Regulations") under the Bank Secrecy Act (BSA) regarding the Report of Foreign Bank and Financial Accounts.
In a thorough appellate decision, a United States District Court in Florida has reversed the portion of a Bankruptcy Court's determination that the repayment of over $400 million in loans was a fraudulent transfer.
This legal update highlights the significant changes in notarial practice as a result of the recent entry into force of a Federal law amending Part I of the Civil Code of the Russian Federation (the Amendment to the Civil Code) and another Federal law amending the procedure for levying execution on a pledged property (the Amendment to Pledge Law).
On 30 December 2008 the Russian State Duma adopted Federal Law No. 312-FZ "On Amendments to Part I of the Civil Code of the Russian Federation and certain legal acts".
Canada’s Department of Finance and the U.S. Department of the Treasury each announced the entry into force of the fifth Protocol amending the Canada-U.S. Income Tax Convention (the "Treaty") today.