On December 1, 2011, Hong Kong depositary receipts ("HDRs") representing common stock of Coach, Inc. began trading on the Hong Kong Stock Exchange (the "HKSE"), a marketplace that is increasingly becoming a listing destination for global companies. Coach’s common stock will remain listed on the New York Stock Exchange (the "NYSE"), and the secondary listing on the HKSE will not involve a capital raise by Coach. Paul Hastings represented J.P. Morgan in its role as sponsor for the HKSE listing, de

A $40 million claim, a six month trial and a $1.2 million award of damages, culminating in the resignation of the Secretary of State for Defence serves to highlight how failure to consider the extent of the rights and obligations of parties during an earn-out period can prove extremely costly.

The SEC recently proposed a new rule under the Investment Advisers Act of 1940 that would require hedge fund investment advisers with more than $25 million under management to register with the SEC. The proposed rule aims to limit the scope of the "private adviser exemption" by requiring advisers to count as clients the investors in the "private funds" they advise. While this rule is not aimed at regulating most private equity or venture capital funds, it may have a significant impact on the adm

This alert describes recently released regulations that provide guidance on dividend equivalents (i.e., payments under certain types of financial transactions that are determined by reference to US source dividends) under Section 871(m) of the Code.

Mabey & Johnson Ltd. ("M&J"), the first company to be convicted in the UK for acts of bribery overseas, continues to set anti-corruption enforcement precedent in this latest chapter of the British bridge-builder’s legal saga.

On October 28, 2011, the U.S. District Court for the District of Massachusetts granted plaintiffs Momenta Pharmaceuticals, Inc. and Sandoz Inc.'s motion for preliminary injunction against defendants Amphastar Pharmaceuticals, Inc., International Medication Systems, Ltd., and Watson Pharmaceuticals, Inc. See Momenta Pharmaceuticals, Inc., et al. v. Amphastar Pharmaceuticals, Inc., et al., No. 1:11-cv-11681-NMG (D. Mass. Oct. 28, 2011) ("Momenta Opinion").

The Supreme Court continued its foray into the implications of technology for the Fourth Amendment with a unanimous ruling.

On September 27, 2011, Governor Brown signed two bills into law that amend the California Environmental Quality Act ("CEQA") in an attempt to help improve the state’s economy.

On December 11, 2012, seven states—New York, Connecticut, Delaware, Maryland, Rhode Island, Vermont, and Massachusetts—notified the U.S. Environmental Protection Agency (EPA) of their intent to sue the agency for its failure to adopt New Source Performance Standards (NSPS) for methane emissions from the oil and natural gas sector. These

The record £1.35 billion recently raised by Vallares, a "cash shell" company co-sponsored by Nathaniel Rothschild and former BP executive Tony Hayward, has again put the spotlight on this type of entity and attracted a flurry of comment in the financial media.

California’s deeply rooted public policy has long favored free competition and generally weighed against the enforceability of non-competition agreements.

A few weeks ago, the 6th Circuit ordered the IRS to refund over $1 million of Social Security (FICA) taxes on severance benefits that Quality Stores paid in connection with involuntary terminations of employment.

The Ministry of Commerce ("MOFCOM") issued the long-awaited "Interim Rules on Evaluating Competitive Effects of Concentration of Business Operators" (2011 Announcement No. 55) (the "Interim Rules") on August 29, 2011.

Circular 59 simplifies foreign exchange procedures for foreign direct investments in China.

The EU has for many years been attempting to reach agreement on a draft directive protecting the rights of agency workers in Europe.

On 14 September the UK Government announced that it is consulting on proposals that, if implemented, will have a significant impact on the UK workplace and UK employment litigation.

On September 12, 2012, the Treasury Department and the Internal Revenue Service issued final regulations expanding the definition of "qualified reopening".

Earlier this month, as part of the Obama Administration’s effort to make the case that it will pursue individual high-level executives and CEOs in addition to the companies they run, the Office of the Inspector General, Department of Health and Human Services ("HHS-OIG") informed the Chairman, CEO and President of Forest Laboratories Inc. ("Forest Labs") that it intends to exclude him from doing business with the federal government.