International Law & Trade, Administrative Law, Finance & Banking

Levick Weekly - March 1, 2013: The Libor Scandal; Prosecutors Have A New Plan

by Gene Grabowski, Richard S. Levick | LEVICK on 3/4/2013

In This Issue: - The Food Safety Modernization Act - The LIBOR Scandal - Prosecutors Have a New Plan - Food Safety Compliance - A Hogan Lovells Roundtable - Lessons from the Oldest CEO Succession Plan on...more

AIFMD: ESMA Final Guidelines on Sound Remuneration Policies

by Orrick - Structured Finance Group on 2/21/2013

On February 11, the European Securities and Markets Authority (ESMA) published its final report in relation to sound remuneration policies under the Alternative Investment Fund Managers Directive (AIFMD). ...more

"Ontario Speech From The Throne", Focus On Public Policy, February 2013

by Cyrus Reporter, John Zerucelli | Dentons on 2/20/2013

On Tuesday, February 19th, 2013, the Honourable David Onley, Ontario's Lieutenant Governor, delivered the Wynne government’s Speech from the Throne in the Ontario legislature. Entitled The Way Forward, this speech officially...more

U.S. Energy Regulation, Development & Finance

by Michael Hindus, Robert James | Pillsbury Winthrop Shaw Pittman LLP on 1/21/2013

The U.S. energy and infrastructure sectors have undergone dramatic change since 2006, the year of Pillsbury’s first contribution to the Getting the Deal Through publications. Natural gas production and reserves have increased...more

The Financial Services Act 2012 – Misleading Statements, Impressions and Financial Promotions

by Jonathan Angell, Sean Geraghty, Amy Grammer | Dechert LLP on 1/18/2013

Background - In our previous DechertOnPoints, The Draft Financial Services Bill in the Contextof the Proposed New UK Financial Regulatory Structure and Draft UK Financial Services Bill and the New UK Financial...more

AIFMD: Level 2 Regulation adopted by the European Commission

by Aki Corsoni-Husain, Philip Graham, Jonathan Law, Sean Scott | Harney Westwood & Riegels on 1/18/2013

Harneys continues to monitor developments related to the EU’s AIFMD with a focus on how it will affect our clients in the Cayman Islands and BVI. The most significant recent development is that the AIFMD Level 2 Regulation...more

How Tobin Tax and certain regulatory duties affect Block Trades in Italy

by Iacopo Canino, Ferigo Foscari, Michael Immordino, Alessandro Seganfreddo | White & Case LLP on 1/17/2013

Italian Law No. 228 dated December 24, 2012, which approved the 2013 budget, contemplates, among others, a new tax applicable to certain financial transactions (the “Tobin Tax”). The Tobin Tax will apply to transactions,...more

Year-End Developments And Compliance Checklists

by Cole Beaubouef, Richard Bernstein, George Danenhauer, Marie DeFalco, David Goret, Peter Greene, Elaine Hughes, Allen Levithan, Matthew Magidson, Robert Minion, Scott H. Moss | Lowenstein Sandler LLP on 1/17/2013

Lowenstein Sandler’s Investment Management Group is pleased to provide you with (i) a summary of recent legislative and regulatory developments that impact the investment management community; and (ii) checklists of year-end...more

2012 Corporate Finance Review – Low Interest Rate Environment Provides Opportunities in the Debt Markets

by Michael Innes, Desmond Lee | Osler, Hoskin & Harcourt LLP on 1/16/2013

Osler has published its 2012 Capital Markets Review which includes a look back at the year in Canadian corporate finance by Desmond Lee and Michael Innes....more

UK Treasury Publishes First Consultation on AIFMD Implementation

by Proskauer Rose LLP on 1/16/2013

On 11 January 2013, HM Treasury published its first consultation on Alternative Investment Fund Managers Directive (AIFMD) implementation in the UK, entitled "Transposition of the Alternative Investment Fund Managers...more

Will High-Frequency Trading (HFT) Get The German Treatment In The U.S.?

by Elan Mendel | Shipkevich PLLC on 1/16/2013

German regulators have increased the pressure on high-frequency traders, prompting concerns from the market that the country risks damaging its financial sector....more

New Reporting Requirements Under the Iran Threat Reduction and Syria Human Rights Act of 2012

by Benji Jones, A. Heath Tripp | Smith, Anderson, Blount, Dorsett, Mitchell &... on 1/15/2013

On August 10, 2012, the United States delivered its latest economic blow to Iran by enacting the Iran Threat Reduction and Syria Human Rights Act of 2012. U.S. companies have long been forbidden from engaging in most...more

Basel Committee on Banking Supervision Endorses Revised Basel III Liquidity Standards for Banks

by Orrick - Structured Finance Group on 1/15/2013

It was announced on January 6, that the Basel Committee on Banking Supervision’s (BCBS) Group of Governors and Heads of Supervision (GHOS) has endorsed revised Basel III liquidity standards for banks....more

Is the legal environment changing for Russia-related transactions? What new challenges will parties face and how should they...

by David Crook, Andrei Donstov, David Goldberg | White & Case LLP on 1/15/2013

A dynamic market - Russia is a dynamic, developing growth market, with a constantly changing legal environment. Right now Russia is seeing an upturn of activity in corporate transactions of all kinds: mergers and...more

CRA Releases New APA Report

by Matthew Peters | Dentons on 1/15/2013

This is the eleventh year in which the CRA has issued such a report, which is generally intended to enhance taxpayer awareness of the APA program and to describe (i) current operational status, (ii) relevant changes, and...more

Financial Services Legislative And Regulatory Update -- January 14, 2013

by Abby Matousek, Jason M. Rosenstock | Mintz Levin - Public Finance on 1/14/2013

In This Issue: Leading the Past Week; Legislative Branch; Executive Branch; Miscellaneous; and International. Excerpt from Leading the Past Week - As was widely anticipated, President Obama announced that he...more

EU Implements Additional Sanctions on Iran - Baker & McKenzie

by Paul Amberg, Paul Burns, Brian Cacic | Baker & McKenzie Australia on 1/14/2013

On 22 December 2012, the EU implemented additional sanctions measures on Iran, notably introducing additional product and sector specific controls on the movement of certain goods to and from Iran, and tightening existing...more

EB-5 Immigrant Investor Process

by Nexsen Pruet, PLLC on 1/14/2013

The U.S. Immigration and Nationality Act currently allocates 10,000 “EB-5” immigrant visas per year to qualified individuals seeking Lawful Permanent Resident (LPR) status - also known as a “green card” - on the basis of...more

Crunched Credit - January 2013

by Matthew Clark, Rick Jones, Laurie Nelson | Dechert LLP on 1/14/2013

Below are links to some recent CrunchedCredit posts,including a preview of next week’s CREFC conference inMiami. For more information or to subscribe, visit us atCrunchedCredit.com. You can also sign up to receiveemail alerts...more

This Week in Washington - January 11, 2013

by Patton Boggs LLP on 1/14/2013

In This Issue: - DOMESTIC POLICY MATTERS - Congress is in recess this week. The House returns on Monday, and the Senate returns January 21st. Debt Ceiling, Budget & the Economy. The President’s Fiscal Year...more

2013 Enforcement Predictions

by Michael Volkov on 1/14/2013

I always like to make predictions at the beginning of each year. My track record is plus and minus – sometimes on target, sometimes off-target. The biggest story in the last five years has been the rise of FCPA...more

Orrick's Financial Industry Week in Review - January 7, 2013

by Orrick, Herrington & Sutcliffe LLP on 1/14/2013

In This Issue: *Financial Industry Developments - OCC Guidance on Transition Periods under Section 716 of the Dodd-Frank Act - CFTC Reporting of Swap Transactions and Swap Dealer Registration - Department...more

"CFTC Issues Final Exemptive Order on Cross-Border Application of Certain Swap Regulations"

by Maureen A. Donley, Ryan Elsey, Theodore M. Kneller, Mark D. Young | Skadden, Arps, Slate, Meagher & Flom LLP on 1/12/2013

Swaps trade in a global market. Title VII of the Dodd-Frank Act amended the Commodity Exchange Act (CEA) to impose a panoply of regulation on the swaps market mostly through regulations adopted by the Commodity Futures...more

EC Technical Standards for European Markets Infrastructure Regulation

by Orrick - Structured Finance Group on 1/11/2013

On December 19, 2012, the European Commission adopted nine regulatory and implementing technical standards to complement obligations defined under the European Markets Infrastructure Regulation on OTC derivatives, central...more

Liquidity Coverage Ratio: New Basel Measurement Published

by Jeremy C. Jennings-Mares, Dwight C. Smith, III | Morrison & Foerster LLP on 1/11/2013

On January 6, 2013, the Group of Governors and Heads of Supervision (“GHOS”), which oversees the Basel Committee on Banking Supervision (“BCBS”), approved a significantly revised version of the liquidity coverage ratio...more

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International Law & Trade › Administrative Law › Finance & Banking