Finance & Banking, Insurance, International Law & Trade

Legal Alert: FATCA NFFE Rules Subject Non-U.S. P&C Insurers and Reinsurers to Burdensome Reporting Requirements

by Dennis Allen, Thomas A. Gick, Saren Goldner, Jeffrey Mace, Michael Miles, William Pauls, M. Kristan Rizzolo, Christopher Schoen, Linda Sciuto, W. Mark Smith, Carol Tello, more +William Walderman, P. Bruce Wright | Sutherland Asbill & Brennan LLP on 5/6/2013

The good news is that, under the recently released Foreign Account Tax Compliance Act (FATCA) regulations, most non-U.S. property and casualty (P&C) insurance and reinsurance companies will not be considered foreign financial...more

Legal Alert: New Budget Proposals Once Again Target Insurance Companies

by Dennis Allen, Thomas A. Gick, Saren Goldner, Jeffrey Mace, Michael Miles, William Pauls, M. Kristan Rizzolo, Christopher Schoen, Linda Sciuto, W. Mark Smith, William Walderman, more +P. Bruce Wright | Sutherland Asbill & Brennan LLP on 4/16/2013

On April 10, the Obama Administration released its fiscal year 2014 budget (FY 2014 Budget). Of note, the FY 2014 Budget includes a number of tax proposals that target insurance companies or that otherwise would have a direct...more

Financial Services Quarterly Report - First Quarter 2013: New Rules for China’s RQFII Regime

by Angelyn Lim, Kylee Zhu | Dechert LLP on 3/27/2013

At the January Asian Financial Forum in Hong Kong, the Chairman of the China Securities Regulatory Commission (“CSRC”), Mr. Guo Shu Qing, stated that Mainland China could increase the level of investment quotas for both the...more

Is Competition For Captive Regulation Good For The Industry?

by Kevin Doherty | Burr & Forman on 3/22/2013

Originally Published in Risk Retention Reporter - March 2013. A number of U.S. states are creating captive domiciles to compete with Vermont, South Carolina, Hawaii and other long-established leaders. We interviewed...more

FDIC Proposes to Nix Insurance for Dually Payable Deposits—With an Upside and a Nod to International Cooperation

by Charles M. Horn, Jeremy C. Jennings-Mares, Barbara R. Mendelson | Morrison & Foerster LLP on 2/22/2013

On February 12, the Federal Deposit Insurance Corporation (“FDIC”) proposed for public comment a rule that would exclude from federal deposit insurance coverage those deposits made at insured U.S. banks that are payable at a...more

FDIC Proposes Amended Definition Of Insured Deposits

by BuckleySandler LLP on 2/21/2013

On February 12, the FDIC approved a proposed rule that would amend its deposit insurance regulations to clarify that deposits in foreign branches of U.S. banks are not FDIC-insured. The U.K. Financial Services Authority (FSA)...more

FDIC Proposed Rule on Insured Deposits at Foreign Branches of U.S. Banks

by Orrick - Structured Finance Group on 2/19/2013

On February 12, the FDIC approved a notice of proposed rulemaking to clarify that deposits in foreign branches of U.S. banks are not FDIC-insured but they may be deposits for the national depositor preference statute enacted...more

New Law Expands Scope of Iran Sanctions In New Ways

by Scott Maberry, Matthew Riemer | Sheppard Mullin Richter & Hampton LLP on 2/15/2013

As the new year brings in a new term for the Obama Administration, the pace of Iran sanctions shows no sign of slowing. As we reported in October and November, Washington’s commitment to denying Iran the ability to advance...more

The New Year Brings New Sanctions Against Iran

by King & Spalding on 1/25/2013

As 2013 begins, the United States has reiterated its commitment to countering the threat posed by Iran by passing new legislation, issuing new regulations and guidance, and bringing into effect new requirements to increase...more

Risky Business: Protecting Indian Investments Abroad

by Nandan Nelivigi | White & Case LLP on 1/20/2013

GMR’s ouster from the US$511 million airport modernization project in Maldives has refocused the spotlight on political risks facing foreign investments. As the GMR-Maldives story unfolds, this is a good time for Indian...more

Iran Sanctions Update

by Jonathan M. Epstein | Holland & Knight LLP on 1/16/2013

The United States continues to impose additional layers of sanctions on Iran. The rate of change and complexity of U.S. sanctions laws present challenges, particularly where these sanctions have extraterritorial effect on the...more

New Iran Sanctions Enacted

by Sammi Malek, Melvin Schwechter | BakerHostetler on 1/16/2013

Satellite Export Controls Now Eligible to be Returned to Commerce Department Jurisdiction - On January 3, 2013, President Obama signed into law Public Law No. 112-239, the Iran Freedom and Counter-Proliferation Act of...more

The European Commission Adopts AIFMD Implementing Regulation

by Proskauer Rose LLP on 12/21/2012

On 19 December 2012, the European Commission (the Commission) adopted implementing rules (the Regulation) for the Directive on Alternative Investment Fund Managers (the AIFMD or Directive). The Regulation supplements certain...more

Allianz To Pay $12.3M To Settle SEC’s Bribery Allegations

by Raymond Banoun | Cadwalader, Wickersham & Taft LLP on 12/20/2012

On December 17, 2012, the Securities and Exchange Commission ("SEC") announced that Allianz SE ("Allianz"), a German-based insurance and asset management company, had agreed to pay approximately $12.3 million to settle...more

Cross-Border Resolutions: FDIC and Bank of England Release White Paper

by Jeremy C. Jennings-Mares, Dwight C. Smith, III | Morrison & Foerster LLP on 12/18/2012

On December 10, 2012, the Federal Deposit Insurance Corporation (“FDIC”) and the Bank of England released a white paper, Resolving Globally Active, Systemically Important, Financial Institutions, describing how each would...more

Overriding Interest - Winter 2012

by Steven D. Cox, Bonny Hedderly | K&L Gates LLP on 12/18/2012

Highlighting developments and issues in the real estate industry - Winter 2012. In this issue: - Not Waving But Drowning - Client/Sector Focus - Our Residential Investment Practice - Case Summaries - New...more

Ritholtz: 'Dot Com Bonus Envy' Stymies Wall St. Reform [Video]

by Bloomberg Law on 12/5/2012

Dec. 5 (Bloomberg Law) -- The unregulated multi-trillion dollar derivatives market exceeds global GDP and poses a clear danger to the global economy, Chris Whalen, Senior Managing Director at Tangent Capital Partners, and...more

OCC Retail Foreign Exchange Proposed Rule

by Orrick - Structured Finance Group on 11/9/2012

On October 31, the OCC proposed to amend its retail foreign exchange rule for transactions with collective investment funds and insurance company separate accounts by treating them as if they were not retail customers under...more

An American in Paris (or Shanghai or Tel Aviv) – Part 3: How to retain your account in a Foreign Financial Institution

by Gerald Nowotny on 11/7/2012

In my last installment, I discussed the benefits of a private placement insurance contract (life insurance or annuity) issued by a life insurer domiciled in Puerto Rico – Isla del Encanto – for Americans living...more

The FCPA and Insurance Coverage: Five Strategies for Protecting Against the Financial Costs of an FCPA Claim

by Gilbert LLP on 10/29/2012

In an era of high profile Wall Street prosecutions and shareholder derivative suits, the phrase “Foreign Corruption Practices Act” (“FCPA”) surely should have corporate officers and executives deeply concerned and vigilant....more

An American in Paris (or Shanghai or Tel Aviv) – Part 2: Using Tax-Advantaged Investment to Minimize U.S. Tax Reporting...

by Gerald Nowotny on 10/24/2012

If you are an American living overseas, the walls are closing in on you quickly. If your foreign bank hasn’t already closed your account, don’t hold your breath because it is probably coming quickly. A large number of...more

Home

Legal News

Find a Lawyer

Browse Subjects

Subscribe

Pro Services

For Reporters

Finance & Banking › Insurance › International Law & Trade

Legal Alert: FATCA NFFE Rules Subject Non-U.S. P&C Insurers and Reinsurers to Burdensome Reporting Requirements

Legal Alert: New Budget Proposals Once Again Target Insurance Companies

Financial Services Quarterly Report - First Quarter 2013: New Rules for China’s RQFII Regime

Is Competition For Captive Regulation Good For The Industry?

FDIC Proposes to Nix Insurance for Dually Payable Deposits—With an Upside and a Nod to International Cooperation

FDIC Proposes Amended Definition Of Insured Deposits

FDIC Proposed Rule on Insured Deposits at Foreign Branches of U.S. Banks

New Law Expands Scope of Iran Sanctions In New Ways

The New Year Brings New Sanctions Against Iran

Risky Business: Protecting Indian Investments Abroad

Iran Sanctions Update

New Iran Sanctions Enacted

The European Commission Adopts AIFMD Implementing Regulation

Allianz To Pay $12.3M To Settle SEC’s Bribery Allegations

Cross-Border Resolutions: FDIC and Bank of England Release White Paper

Overriding Interest - Winter 2012

Ritholtz: 'Dot Com Bonus Envy' Stymies Wall St. Reform [Video]

OCC Retail Foreign Exchange Proposed Rule

An American in Paris (or Shanghai or Tel Aviv) – Part 3: How to retain your account in a Foreign Financial Institution

The FCPA and Insurance Coverage: Five Strategies for Protecting Against the Financial Costs of an FCPA Claim

An American in Paris (or Shanghai or Tel Aviv) – Part 2: Using Tax-Advantaged Investment to Minimize U.S. Tax Reporting...

An American in Paris (or Shanghai or Tel Aviv) – Part 1: Using Tax-Advantaged Investment Solutions While Living Overseas

Joint Forum Finalizes Guidelines on Supervision of Financial Conglomerates

Financial Markets Law & Regulation Update n°21/2012

Life insurance and Annuity Planning for Non-Resident Aliens from a U.S. Tax Perspective

Ritholtz: 'Dot Com Bonus Envy' Stymies Wall St. Reform [Video]

Expand Your Reach