China Briefing - April 2012 (May 21, 2012) by Reed Smith on 5/22/2012 Pharmaceuticals, Medical Devices, Health Care & Life Sciences News • NDRC: Chinese government to review carefully drug pricing differences between ex-factory and bid prices (NBD News 2012-04-05) – April 5, 2012...more
Reinsurance Redux - May 2012 by Saul Ewing LLP on 5/18/2012 In This Issue: - Reinsurer’s Obligation to Provide Coverage to Reinsured Not Contingent Upon Exhaustion of Limits of Primary Policy In granting an insurer’s motion for judgment on the pleadings, the United States...more
Iran-Related Investment Bill Clears Committee by Barger & Wolen on 5/3/2012 On May 2, 2012, the California Assembly Insurance Committee approved a bill that would direct the insurance commissioner to treat a domestic insurer’s investment in a company that has business operations in Iran as a...more
Insurance Antitrust Legal News - May 2012 • Volume 1, Number 1 by Dickinson Wright on 5/3/2012 In this issue: - McCarran Repeal Legislation Passes in the House In late March, legislation that would repeal the health insurance industry’s antitrust exemption, contained in the McCarran Ferguson Act (15 USC...more
Inapplicability of the Personal Property Security Act (Ontario) to Insurance by Osler, Hoskin & Harcourt LLP on 5/2/2012 We recently represented a US bank in Ontario on a secured refinancing for a Canadian borrower. The Canadian borrower owns a number of Canadian and US subsidiaries (the Canadian borrower and its subsidiaries, the “Loan...more
Jus Sanguinis is the rule for the United States; Jus Soli or Jus Sanguinis, or both, for the several States by Dan Goodman on 4/30/2012 Discover that before the Fourteenth Amendment, both jus soli and jus sanguinis were followed in the United State of America. However, with the ratification of the Fourteenth Amendment, the United States of America...more
Jus Sanguinis is the rule for the United States; Jus Soli or Jus Sanguinis, or both, for the several States by Dan Goodman on 4/30/2012 Discover that before the Fourteenth Amendment, both jus soli and jus sanguinis were followed in the United State of America. However, with the ratification of the Fourteenth Amendment, the United States of America...more
Local Authorities Implement Social Insurance for Foreigners in China by Bryan Cave on 4/27/2012 On September 6, 2011, the Ministry of Human Resources and Social Security promulgated the Interim Measures for Contribution of Social Insurance by Foreigners Employed within China (“Interim Measures”), which came into effect...more
New York Court of Appeals Holds That State Law Cannot Reach a Purely Foreign Antitrust Conspiracy by White & Case LLP on 4/13/2012 In a decision that may reverberate beyond the antitrust context, New York’s highest court — the Court of Appeals — held that the state’s antitrust statute lacks the extraterritorial scope to reach a purely foreign alleged...more
Global HR Hot Topics: Expatriates, US Tax Withholding, US Social Security Contributions—And COBRA by White & Case LLP on 4/4/2012 Employer income tax withholding, social security contributions and employee benefits mandates usually amount to a straightforward issue of the local law at the place of employment. An employee working in Italy is subject to...more
This Week in Washington - March 30, 2012 by Patton Boggs LLP on 4/3/2012 In This Issue: - DOMESTIC POLICY MATTERS Budget & Appropriations. The House of Representatives on Thursday approved Budget Committee Chairman Paul Ryan’s (R-Wisconsin) Fiscal Year 2013 Budget Resolution by a vote...more
An Introduction on China’s Senior Pension Mechanism by Qin Qu on 4/1/2012 While China’s aging population rapidly grows in recent years, combining with raising expanse for living, more and more people are concerning about their retirement fund—how they can support themselves on medical expenses and...more
The Geneva Association Warns Governments To "Wake Up": Have They Too Drunk The Koolaid? by Foley Hoag LLP - Environmental Law on 3/12/2012 Last week, the Geneva Association, which describes itself as “the leading international insurance think tank for strategically important insurance and risk management issues,” issued a report entitled “Extreme events and...more
Legislation to Non-Admit Iran-Related Investments by Barger & Wolen on 3/5/2012 The California Legislature has introduced Assembly Bill 2160. It would prohibit California domestic insurers from treating indirect Iran-related investments (as defined in the bill) as admitted assets. The bill was...more
Showing Substance - Offshore Independent Directors for PE Funds - www.privateequitymanager.com by David Lloyd on 3/1/2012 More emerging market fund managers are seeking the services of offshore non-executive directors. David Charles Lloyd of Walkers Management Services explains some of the intricacies around their function....more