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Locke Lord LLP | USA | 2 Jul 2010

New government healthcare website unveiled

On July 1, the U.S. Department of Health and Human Services unveiled a new website, HealthCare.gov , to provide consumers with information on their rights and benefits under the Patient Protection and Affordable Care Act.


Locke Lord LLP | Hong Kong | 21 Jun 2010

Hong Kong: launch of yuan-denominated policies in Hong Kong

In order to tap investor expectations of a rising yuan (RMB), insurers are preparing to launch yuan-denominated policies as a new product offering for insurers in the Hong Kong market.


Locke Lord LLP | USA | 18 Jun 2010

European Commission consults on short selling

On 14 June 2010, the European Commission published a consultation document on the options for dealing with short selling.


Locke Lord LLP | USA | 16 Apr 2010

Tax treatment of carried interest could be revived in Senate

Though the Senate passed its Tax Extenders legislation in mid-March without including House language to change the tax treatment of the "carried interest" income of investment managers, the issue may receive a second look in the coming weeks.


Locke Lord LLP | United Kingdom | 25 Jan 2010

ABI position paper on executive remuneration

The Association of British Insurers (ABI) has published a paper on executive remuneration, to help remuneration committees understand how shareholders expect companies to apply the ABI's influential guidelines on executive remuneration in the current economic climate.


Locke Lord LLP | USA | 4 Jan 2010

Broadcom settles options backdating securities class action

On December 29, 2009, Broadcom announced that it had agreed in principle to pay $160.5 million to settle a securities class action pending in United States District Court for the Central District of California against the company and certain of its current and former officers and directors.


Locke Lord LLP | United Kingdom | 10 Nov 2009

Publication of responses to Law Commission's proposals concerning micro-businesses

The Law Commission has now published the responses it has received to Issues Paper 5 "Reforming Insurance Contract Law: Micro-businesses", published in April 2009.


Locke Lord LLP | USA | 19 Oct 2009

NAIC moves towards principles-based reserving for life insurance

The National Association of Insurance Commissioners ("NAIC"), at the ExecutivePlenary session of its Fall National Meeting, adopted revisions to the Standard Valuation Model Law ("Valuation Model") replacing the existing formula-based approach for reserving life insurance policies with a principles-based approach.


Locke Lord LLP | USA | 17 Sep 2009

Court gives preliminary approval to Merrill Lynch's settlement of a subprime-related securities class action

As previously reported on August 8, 2007, a jury convicted ex-Brocade CEO Greg Reyes for violating federal securities laws by failing to properly account for backdated options.


Locke Lord LLP | USA | 13 Aug 2009

Oregon adopts legislation restricting STOLI transactions

In July, Oregon Governor, Ted Kulongoski, signed into law Senate Bill 973 (as adopted, the "Act"), which modifies Oregon life settlement legislation.

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