Amended Regulation

News & Analysis as of

Ukraine: Adoption of laws substantially changing legislative regulation on ownership and disposition of corporate rights (shares)...

On March 23, 2017 the Verkhovna Rada of Ukraine adopted three laws substantially changing legislative regulation on ownership and disposition of corporate rights (shares) of companies, in particular joint-stock companies, and...more

Japan Legal Update - Volume 23 | March 2017

On January 20, 2017, Japan's Ministry of Health, Labour and Welfare issued the "Guidelines for Employers to Appropriately Manage Their Employees' Working Hours" ("Guidelines"). While the Guidelines basically follow the...more

SEC Adopts T+2 Settlement Cycle for Securities Transactions

On March 22, 2017, the Securities and Exchange Commission (SEC) adopted an amendment to Rule 15c6-1(a), shortening the standard settlement cycle for most broker-dealer securities transactions by one business day, beginning on...more

T+2 Settlement Cycle is Here: Do We Have to Close Our Securities Offering in Just Two Days?

On March 22, 2017, the Securities and Exchange Commission (the SEC) adopted an amendment to the standard settlement cycle rule (the Amendment) to shorten the settlement cycle for broker-dealer transactions from three business...more

SEC Adopts T+2 Settlement Cycle

On March 22, 2017, the Securities and Exchange Commission adopted an amendment to Rule 15c6-1(a) to shorten by one business day the standard settlement cycle for most broker-dealer securities transactions. Currently, the...more

SEC Adopts T+2 Settlement Cycle and Hyperlink Requirement for Exhibits

The SEC recently adopted rule amendments to: - shorten the standard settlement cycle for most broker-dealer securities transactions to two business days following the trade date, or T+2; and - require...more

Revisions to Companies Act (Cap.50) of Singapore - New requirements with effect from 31 March 2017

Service providers who used to face grouses or challenges when asked for details on companies’ shareholders and ultimate beneficial owners would now have an easily understandable and frequently-quoted legislation to point to...more

This Week In Securities Litigation

The number of settlements in securities class actions increased last year, according to Cornerstone Research. That fact, along with a finding that the amount of those settlements also increased, is detailed in the firm’s...more

Turkey: Improving The Parental Rights of Employees: The Right To Work Part-Time

Last year the Turkish government introduced significant improvements to the parental rights of Turkish employees. Whether these new rights will be sufficient to allow for workplace practices to adapt to the realities of...more

Changes to the UK nuclear liability regime

The Nuclear Installations (Liability For Damage) Order 2016 was made on 4 May 2016 and is expected to become law in early 2017. The 2016 Order implements amendments to the Paris Convention and the Brussels Convention in the...more

Final UK Legislation to Amend the Special Administration Regime for Investment Firms Published

The Investment Bank (Amendment of Definition) and Special Administration (Amendment) Regulations 2017 have been published. The Amending Regulations aim to improve the return of client money when an investment firm fails...more

Congress Makes Confusing Changes to the VA's Verification Program

The 2017 National Defense Authorization Act (“NDAA”), Pub. L. No. 114-328, which was signed into law on December 23, 2016, contains several notable changes to the current structure of the U.S. Department of Veterans Affairs’...more

Puerto Rico Equal Pay Act Aims to Close Gender Pay Gap

On March 8, 2017, Puerto Rico continued the overhaul of its employment laws by enacting, with immediate effect, Act No. 16, known as the “Puerto Rico Equal Pay Act.” The act is not only similar to the federal Equal Pay Act of...more

Illinois Garnishments News: Wage Assignments No Longer Expire in 84 Days

Recently, Illinois revised its wage assignment law. This development is important for multistate employers because Illinois is the only state with a statute that clearly and unequivocally provides that employers must honor...more

New obligations for jewelry companies - Rosfinmonitoring has developed a draft law setting up a legal mechanism to combat the...

Public discussion started on 20 February 2017 of a draft federal law on amendments to Federal Law No. 115-FZ on Combating Money Laundering and the Financing of Terrorism of 7 August 2001 (the "Draft Law"). The Draft Law was...more

LB&I Increases Scrutiny of Section 831(b) “Micro-captive” Insurance Companies

The Large Business and International (LB&I) Division of the Internal Revenue Service (IRS) announced its first 13 issue-based campaigns on January 31, 2017. As discussed in a prior Eversheds Sutherland Legal Alert, these...more

Budget 2017 - Transfers to overseas pension schemes

Whilst there were not a significant number of pensions announcements in this week's Budget, an announcement about the introduction of a new tax charge that will apply to certain transfers to Qualifying Recognised Overseas...more

Labor law. Major Russian legislation changes for 2016

We would like to present the overview of the most important legislation changes in labor law for 2016. Changes to labor law on Amendments to Certain Legislative Acts of the Russian Federation on Issues of Increasing...more

Quashing Lawlessness: Congress Votes on OSHA’s Attempt to Avoid the Volks Decision

An appellate court one level below the Supreme Court of the United States, and highly respected in the field of administrative law, recently held that the Occupational Safety and Health Administration’s (OSHA) interpretation...more

International Arbitration Alert: 2017 Revisions to the ICC Rules of Arbitration and Comparison of Expedited Procedures Under Other...

The International Chamber of Commerce (“ICC”) has revised its arbitration rules (“ICC Rules”) effective 1 March 2017. The 2017 updates are not as comprehensive as the revision of the ICC Rules in 2012, but are intended to...more

MTC Adopts Allocation and Apportionment Regulations

In a rare special meeting on February 24, 2017, the Multistate Tax Commission (MTC) adopted amendments to the MTC’s Model General Allocation and Apportionment Regulations (Model Regulations) that it has worked on since 2014....more

NBU cancels certain individual licenses for individuals-residents of Ukraine

On 23 February 2017 the National Bank of Ukraine (NBU) amended its regulations whereby it revisited the legal regime for placement money on foreign accounts and making foreign investments by individuals-residents of Ukraine....more

Update: DOL Regulation for Employers Who Use Direct Deposit and Payroll Debit Cards Invalidated

On February 16, 2017, the New York State Industrial Board of Appeals invalidated and revoked the NYS Department of Labor regulations governing payment of wages by direct deposit or payroll debit card. The regulations were...more

New D.C. Law Restricts Employer Use of Credit Histories in Employment Decisions

On February 15, 2017, Washington, D.C., Mayor Muriel Bowser signed into law the District of Columbia’s Fair Credit in Employment Amendment Act of 2016 (FCEAA). This Act, which amends the District’s Human Rights Act of 1977,...more

Executive Orders Expected this Week Regarding Clean Air and Water Act Rules

In addition to a January 20th Presidential Memorandum freezing all, not yet enacted, rules and sending them back to the agencies and Office of Management and Budget for reconsideration, and the utilization of the...more

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Cybersecurity

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