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  • Article

    OCC Extends Comment Period On Deposit-Related Consumer Credit Products

    In a proposal published in the Federal Register on June 8, 2011, the Office of the Comptroller of the Currency ("OCC") issued guidance ("Proposed Guidance") addressing issues related to the safety and soundness of deposit-related consumer credit products.
    United StatesConsumer Protection
    Paul Hastings LLP
    Paul Hastings LLP
  • Article

    FCC Proposes Changes to Telemarketing Rules

    United StatesMedia, Telecoms, IT, Entertainment
    Paul Hastings LLP
    Paul Hastings LLP
  • Article

    China’s Anti-Monopoly Law Enforcement Authorities Issue Long-Awaited Regulations For Implementing The Anti-Monopoly Law

    In late 2010, the National Development and Reform Commission ("NDRC") and the State Administration for Industry and Commerce ("SAIC"), two of the three key Anti-Monopoly Law Enforcement Authorities ("Enforcement Authorities") in the People’s Republic of China ("PRC"), formally issued five (5) long-awaited implementing set of rules in relation to the enforcement of the PRC Anti-Monopoly Law ("PRC AML"), which respectively address the enforcement policies against pricing monopolies and prohibition
    ChinaAntitrust/Competition Law
    Paul Hastings LLP
    Paul Hastings LLP
  • Article

    Master Agreement Protocol Released for International Swaps & Derivatives: Current Cut-off Date for Adherence - March 1,2004

    One of the obstacles to promoting the use of the 2002 ISDA Master Agreement (the "2002 Agreement")is the fact that many of the definitions and credit support documents published before 2002 by the International Swaps and Derivatives Association, Inc.("ISDA")are not compatible with the 2002 Agreement without amendment.
    United StatesFinance and Banking
    Paul Hastings LLP
    Paul Hastings LLP
  • Article

    Pension Reform Act I: Accounting Industry Reform Act Enacted; Next Step: Pension Reform Legislation

    United StatesStrategy
    Paul Hastings LLP
    Paul Hastings LLP
  • Article

    NASD Proposals to Curtail Abusive IPO Allocation Practices

    United StatesFinance and Banking
    Paul Hastings LLP
    Paul Hastings LLP
  • Article

    European Commission Targets €500 Billion + In "Foreign Subsidies" Worldwide: How Global Businesses Can Address New Compliance Risks And Burdens

    A common current buzzword in Brussels, at the European Commission's Directorate-General for Competition, is that of "regulatory gap." Recently, officials at DG Comp (as it is known),...
    European UnionCorporate/Commercial Law
    Paul Hastings
    Paul Hastings
  • Article

    China Matters: One Country, One Immunity: Hong Kong Court of Final Appeal Holds Foreign States Have Absolute Sovereign Immunity

    In our June 2010 edition of Stay Current, we discussed the Hong Kong Court of Appeal’s decision in "FG Hemisphere Associates LLC v. Democratic Republic of Congo", in which the Court of Appeal held that, while China continues to follow the absolute approach to sovereign immunity, its failure to impose its immunity doctrine on Hong Kong through legislation justified a finding that the common law restrictive immunity doctrine, which had been developed prior to the 1997 transformation of Hong Kong f
    ChinaLitigation, Mediation & Arbitration
    Paul Hastings LLP
    Paul Hastings LLP
  • Article

    EU Court Ruling Highlights Antitrust Risks For Investment Funds

    A recent decision by the European Court of Justice ("ECJ"), the European Union's highest court, underscores the importance of antitrust compliance for investors that hold portfolio companies.
    European UnionAntitrust/Competition Law
    Paul Hastings
    Paul Hastings
  • Article

    D.C. Circuit Vacates EPA’s Cross-State Air Pollution Rule

    On August 21st, the United States Court of Appeals for the District of Columbia Circuit ("D.C. Circuit" or "Court"), in a 2-1 split decision, vacated the U.S. Environmental Protection Agency’s ("EPA") Cross-State Air Pollution Rule ("CSAPR" or the "Transport Rule"), which regulates emissions from upwind states that contribute to air quality problems in downwind states.
    United StatesEnvironment
    Paul Hastings LLP
    Paul Hastings LLP
  • Article

    Eleventh Circuit Holds That Term Lenders Do Not Have Standing To Enforce Funding Obligations Of Revolving Lenders

    On February 20, 2013, the Court of Appeals for the Eleventh Circuit Court in Fontainebleau held that term lenders did not have standing to assert claims against revolving lenders under the same credit agreement for failure to fund, absent specific contractual provisions to the contrary.
    United StatesFinance and Banking
    Paul Hastings LLP
    Paul Hastings LLP
  • Article

    SEC Proposes New Rule To Register Hedge Fund Advisers

    The Securities and Exchange Commission ("SEC") has proposed Rule 203(b)(3)-2 (the "Rule") under the Investment Advisers Act of 1940 (the "Act") in order to require advisers to hedge funds with at least $25 million in assets under management to register as investment advisers under the Act.
    United StatesFinance and Banking
    Paul Hastings LLP
    Paul Hastings LLP
  • Article

    Fashion ID: Website Operators Jointly Liable For Data Collection And Transmission Through Social Media Plug-Ins

    The ECJ also decided that the website operator, rather than the plug-in provider, is responsible for obtaining consent and providing notice for such plug-in's data collection and transmission.
    United StatesPrivacy
    Paul Hastings LLP
    Paul Hastings LLP
  • Article

    SEC To Adjust "Qualified Client" Dollar Thresholds For Investment Adviser Performance Fee Rule, Implementing Requirements Imposed By Dodd-Frank

    On May 10, 2011, the Securities and Exchange Commission ("SEC") provided notice of its intent to issue an order which will adjust certain dollar thresholds in Rule 205-3 of the Investment Advisers Act of 1940 (the "Advisers Act"),
    United StatesCorporate/Commercial Law
    Paul Hastings LLP
    Paul Hastings LLP
  • Article

    Don't Miss The Mark: Why Deal Makers Should Not Overlook Recent False Marking Statute Decisions

    Patent holders frequently mark products by stamping "patented" or "protected by U.S. Patent No. ________" on the article in order to put potential infringers on notice that the product is patent protected. The Patent Marking Statute (35 U.S.C. § 287(a)) limits the damages a patent holder may recover to those stemming from acts of infringement which occurred after an infringer was given actual or constructive notice of infringement. Marking a patented article establishes such constructive notice.
    United StatesIntellectual Property
    Paul Hastings LLP
    Paul Hastings LLP
  • Article

    CFPB Makes The Case For Supervisory Examination Privilege

    In the Consumer Financial Protection Bureau’s ("CFPB") first official release of the year, CFPB Bulletin 12-01, the agency addresses the treatment and scope of confidentiality protections accorded information collected from supervised institutions through the CFPB’s supervisory process.
    United StatesFinance and Banking
    Paul Hastings LLP
    Paul Hastings LLP
  • Article

    Accelerated Form 4 Reporting Requirements Under the Sarbanes-Oxley Act of 2002

    United StatesFinance and Banking
    Paul Hastings LLP
    Paul Hastings LLP
  • Article

    ILPA Private Equity Principles 2.0

    In January 2011, the Institutional Limited Partners Association, a private equity industry association ("ILPA"), released an updated version of its Private Equity Principles, setting forth its recommendations for private equity fund best practices and principles (the "Updated Principles").
    United StatesFinance and Banking
    Paul Hastings LLP
    Paul Hastings LLP
  • Article

    Ogier Advises On The Launch Of AEW Value Investors Asia II Fund

    Ogier in Jersey and Luxembourg have acted as legal advisors to AEW Value Investors Asia II, which recently held its final closing, having raised commitments totalling $590.2 million...
    JerseyWealth Management
    Ogier
    Ogier
  • Article

    The Self-Driving Turtle Wins The Race: Managing The Privacy And Security Of Fast-Paced IoT Innovation

    For today's companies, navigating new paths to growth in the complex and evolving internet of things landscape requires innovative thinking and practical counsel.
    United StatesTechnology
    Fenwick
    Fenwick

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