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Locke Lord LLP | USA | 1 Jul 2010

Investment managers are restricted from making political contributions to win business -- unregistered advisers are covered by the SEC's new pay-to-play rule -- third party solicitors are spared . . . if they are registered advisers or broker-dealers

Fund managers and other investment advisers will face tight new restrictions on their ability to make - or facilitate - contributions to politicians, candidates and other officials who are responsible for public assets, including pension plans and Section 529 tuition plans.


Locke Lord LLP | United Kingdom | 28 May 2010

Court of Appeal rules on VAT exemption for insurance intermediaries

The Court of Appeal handed down its judgment in Commissioners for Her Majesty's Revenue and Customs v Insurancewide.


Locke Lord LLP | USA | 22 Apr 2010

Louisiana House passes surplus lines exemption bill

As we previously reported here, the Louisiana House of Representatives scheduled a floor debate for April 21, 2010 on House Bill 285 (the "Bill").


Locke Lord LLP | USA | 22 Apr 2010

Presentation by Eithne McCarthy - the new Insurance Block Exemption Regulation

Eithne McCarthy, from the Financial Services Unit of the European Commission's Competition Directorate General (DG Comp), made a presentation on the new Insurance Block Exemption Regulation (BER) to the Law Society's Competition Section on 13 April 2010.


Locke Lord LLP | USA | 19 Apr 2010

Surplus lines exemption bill scheduled for floor debate

The Louisiana House of Representatives has scheduled a floor debate for April 21, 2010 on House Bill 285 (the "Bill").


Locke Lord LLP | United Kingdom | 30 Mar 2010

Alastair Darling's Budget proposes tax break for asbestos trusts

Alastair Darling's 2010 Budget includes provisions designed to help asbestos trusts which were set up by companies prior to 24 March 2010 to meet their asbestos liabilities.


Locke Lord LLP | USA | 18 Mar 2010

California fingerprint requirement updated as of March 1, 2010

The California Department of Insurance no longer requires fingerprints from non-resident individuals that have been fingerprinted in their resident state in connection with applying for an insurance producer license.


Locke Lord LLP | European Union | 11 Mar 2010

Further delays for Solvency II implementation; no exemptions for the legacy industry

The head of the Insurance and Pensions Unit at the European Commission, Karel Van Hulle, confirmed that a meeting had been scheduled in early May to discuss extending the current October 2012 implementation deadline for the Solvency II regulatory regime to 1 January 2013.


Locke Lord LLP | USA | 9 Mar 2010

Florida Supreme Court considering question of rental car company vicarious liability

On March 1, 2010, the Florida Supreme Court heard oral argument in Rafael Vargas v. Enterprise Leasing Company, et al., SC08-2269.


Locke Lord LLP | USA | 24 Feb 2010

House introduces health insurance bill to repeal antitrust exemption

On Monday, February 22, Representatives Tom Perriello (D-Va.) and Betsy Markey (D-Colo.) introduced H.R. 4626, the Health Insurance Industry Fair Competition Act, to repeal the McCarran-Ferguson Act antitrust exemption for the business of health insurance.

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