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Mayer Brown

Pensions and the Autumn Budget – what’s changing?

Mayer Brown on

The Autumn Budget announced that from 6 April 2027, the majority of death benefits paid from registered pension schemes (whether DB or DC) will form part of the deceased member’s estate for inheritance tax (“IHT”) purposes....more

Cadwalader, Wickersham & Taft LLP

In the Lien of Sight November 2024 - Second Lien Loans in Subscription Finance

Although second lien loans in subscription line finance have been discussed with interest over the years, their use has been sporadic and it has only been very recently that we have started to see a real uptake in the use of...more

Mayer Brown

English High Court Clarifies Scope of FSMA Securities Litigation

Mayer Brown on

A recent decision of the High Court in a strike out application in securities class action litigation has clarified the scope of  s90A and Schedule 10A of the Financial Services and Markets Act 2000 ("FSMA") regarding...more

Alston & Bird

Retirement Plan Amendments and 2024 Year-End Action Items

Alston & Bird on

Our Employee Benefits & Executive Compensation Group reminds plan sponsors to get ready for 2024 IRS year-end amendments and offers year-end action items....more

DLA Piper

Qualified Retirement Plans Agenda

DLA Piper on

Our qualified retirement plans agenda outlines current legislative, litigation, and other developments concerning tax-qualified retirement plans. Sponsors are encouraged to be aware of these issues and assess whether any...more

Hinshaw & Culbertson - Consumer Crossroads

Tips on Using a Settlement Conference RJI to Show CPLR 3215(c) Compliance in New York Foreclosure Actions

In New York civil actions, where a defendant fails to answer the complaint, the next step is usually a motion for a default judgment pursuant to CPLR 3215. However, in residential mortgage foreclosure actions, the plaintiff...more

Skadden, Arps, Slate, Meagher & Flom LLP

The India-UAE Bilateral Investment Treaty: A Step in the Right Direction?

I. INDIA’S HISTORY WITH BILATERAL INVESTMENT TREATIES 1. Bilateral investment treaties (“BITs”) are agreements between countries that provide protections to investors from one state investing in the other (the “host...more

A&O Shearman

UK Transition Plan Taskforce Publishes Final Report on Progress Achieved and the Path Ahead

A&O Shearman on

The Transition Plan Taskforce has published its final report on the progress achieved and the path ahead. The report marks the end of the TPT's efforts to establish a gold standard for private sector transition plans. The...more

A&O Shearman

Great Fund Insights: ELTIF Regulation: consolidated text including ELTIF 2.0

A&O Shearman on

The ELTIF-RTS, the final piece of the puzzle for the ELTIF framework, have been published in the Official Journal on October 25, 2024 and entered into force on October 26, 2024. This marks the end of a long and complex...more

Vinson & Elkins LLP

FinCEN Extends BOI Reporting Deadlines for Businesses Impacted by Recent Hurricanes

Vinson & Elkins LLP on

The Financial Crimes Enforcement Network (“FinCEN”) has announced temporary relief measures for reporting companies affected by recent hurricanes in the Southeast, providing additional time to comply with Beneficial Ownership...more

A&O Shearman

UK Prudential Regulation Authority Policy Statement on the April Occasional Consultation Paper

A&O Shearman on

The U.K. Prudential Regulation Authority has published a policy statement to its occasional consultation paper (CP6/24). The statement provides feedback to responses the PRA received to the consultation paper, as well as the...more

Jenner & Block

Client Alert: Beyond the Front Page: Five Things We’re Watching After Election Night

Jenner & Block on

This week, Donald Trump claimed a decisive victory in the presidential race, and Republicans picked up Democratic Senate seats in West Virginia, Ohio, and Montana, ensuring that they will flip the Senate and hold at least one...more

A&O Shearman

Bank of England Speech on Artificial Intelligence and Financial Stability

A&O Shearman on

The Bank of England has published a speech by Sarah Breeden, BoE Deputy Governor, Financial Stability, on AI and financial stability. In the speech, Ms. Breeden explores the novel features of Generative AI, and how financial...more

A&O Shearman

Draft Financial Services and Markets Act 2023 (Addition of Relevant Enactments) Regulations 2024 Published

A&O Shearman on

The draft Financial Services and Markets Act 2023 (Addition of Relevant Enactments) Regulations 2024 have been published, together with an explanatory memorandum. The Regulations add to the list of "relevant enactments" for...more

Cozen O'Connor

Credit Union’s Botched Rollout of Online Platform Draws CFPB’s Interest

Cozen O'Connor on

The CFPB has reached a settlement with VyStar Credit Union to resolve allegations that its defective new online banking platform violated the Consumer Financial Protection Act of 2010. According to the consent order, VyStar’s...more

The Volkov Law Group

OFAC Imposes $860,000 Penalty on Vietnamese Beverage Company for Violations of North Korean Sanctions

The Volkov Law Group on

North Korea Sanctions Violations - In a recent enforcement action, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) imposed an $860,000 penalty on Vietnam Beverage Company Limited (“VBCL”), a...more

A&O Shearman

Delegated Regulation Amending CRR Postponing Application Date of Own Funds Requirement for Market Risk Published in the OJ

A&O Shearman on

Commission Delegated Regulation (EU) 2024/2795 amending the EU Capital Requirements Regulation with regard to the date of application of the own funds requirements for market risk has been published in the Official Journal of...more

Paul Hastings LLP

Daily Financial Regulation Update -- Friday November 8

Paul Hastings LLP on

November 7, 2024 - The Federal Open Markets Committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 4-1/2 to 4-3/4 percent. November 7, 2024- Securities and Exchange...more

Skadden, Arps, Slate, Meagher & Flom LLP

US Treasury Creates the ‘Reverse CFIUS’ Program, a (Limited) Great Wall on Outbound Investment

The Department of the Treasury (Treasury) has released a final rule imposing restrictions on U.S. outbound investment in Chinese companies active in developing certain national security technologies (Final Outbound Rule)....more

Katten Muchin Rosenman LLP

Foreign Listed Stock Index Futures and Options Approvals November 2024

Attached please find the updated Foreign Listed Stock Index Futures and Options Approvals Chart, current as of November 8, 2024. All prior versions are superseded and should be discarded. Please note the following...more

Hogan Lovells

Increasing financial regulation of the pharmaceutical sector by the French government

Hogan Lovells on

Through various recent evolutions, the economic situation of the pharmaceutical companies operating in France become increasingly challenging. Various evolutions have recently occur in France: The Ministry of Health is...more

Woodruff Sawyer

The Auditors’ View of the Current SPAC Market

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The SPAC market is chugging along with several IPOs and multiple deals being announced and closed. Although it's great to see this kind of activity again, the SPAC market is never without its challenges....more

Hogan Lovells

UK/EU/International ESG Regulation Monthly Round-Up – October 2024

Hogan Lovells on

October was a busy month. COP 16 on Biodiversity was held at the end of the month, the UK Autumn Budget was heard on 30 October 2024, and the UK focused Transition Finance Market Review was published. All this has been...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Automatic Enrollment mandate will lead to a whole host of problems

I was against Automatic Enrollment before I was for it. When it finally became part of the Internal Revenue Code, plan sponsors got liability protection through using the QDIA. While I like that plan sponsors under SECURE 2.0...more

Hogan Lovells

Implementation of the Markets in Crypto-assets Regulation (MiCAR): A Jurisdictional Comparison

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With the Markets in Crypto-Assets Regulation (MiCAR) (Regulation (EU) 2023/1114) becoming fully applicable by the end of this year, crypto-asset service providers seeking to offer their services across the EU need to consider...more

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