Trust Law Reform in Hong Kong - an Update
The Financial Services and the Treasury Bureau is seeking comments on the legislative proposals which will give effect to the reform of Hong Kong's trust law which was the subject of an earlier...
View ArticleRe-launch of Securitisation in China
The wait is finally over for Chinese financial institutions and the Chinese securitisation industry. The official guidelines for a restart to securitisation mentioned in our March 2012 alert "Expected...
View ArticleNY Soccer Stadium Faces Hurdles Despite Prominent Backers
Wealth Management partner Dan Luther (Chicago) is quoted on the potential obstacles involved in Major League Soccer's proposal to build a new 25,000-seat soccer-only stadium in Queens.
View ArticleChambers USA 2012 ranks 124 Mayer Brown lawyers and ranks practices in 54...
Mayer Brown, a leading global law firm, announced today that the 2012 edition of Chambers USA: America’s Leading Lawyers for Business ranked 124 of its lawyers, with 149 total rankings, in 51...
View ArticleTax and Estate Planning Effects of the American Taxpayer Relief Act of 2012
The recently enacted American Taxpayer Relief Act of 2012 contains a number of important changes to the federal income, estate, gift and generation-skipping transfer tax laws.
View Article’Tis a Gift to Be Simple: IRS Issues Final FATCA Regulations
In a bylined article, Tax Transactions & Consulting lawyers Mark Leeds (partner, New York), Jon Sambur (partner, Washington, DC) and Jared Goldberger (associate, New York), and Wealth Management...
View ArticleWhy wealthy Hong Kong parents could pay the price when offspring divorce
In the affluent sector of our community, many wealthy parents provide financial assistance to their adult children, ranging from the purchase of properties to providing continuous generous financial...
View ArticleCreditors Rewarded with Priority Claim Against Bankruptcy Estate for Costs of...
In the bankruptcy proceedings in respect of Mr Gabriel Ricardo Dias-Azedo (the "Bankrupt"), the Court of First Instance recently exercised its discretion under sections 37(2) and 97 of the Bankruptcy...
View ArticleUse it or Lose It: Annual Exclusion Gifts
Annual exclusion giving is a great way to make tax free gifts during your lifetime. Annual exclusion gifts must be made before December 31, so now is the time to make your 2013 annual exclusion gifts...
View ArticleMayer Brown represents Desjardins Group on acquisition of State Farm...
Mayer Brown represented Desjardins Group, the largest cooperative financial group in Canada, on the US and international aspects of its acquisition of State Farm’s Canadian property and casualty and...
View ArticleRevised Negative List for Shanghai FTZ – Substantive Changes for Foreign...
It has been over nine months since the Shanghai Free Trade Zone (FTZ) was launched and a “negative list” approach for foreign investment adopted in the FTZ. On 1 July 2014, the Shanghai Municipal...
View ArticleSAFE Circular 36: Liberalising Capital Account Settlement for FIEs
On 15 July 2014, the State Administration of Foreign Exchange (SAFE) issued the Circular of the SAFE on Relevant Issues Concerning the Pilot Reform in Certain Areas of the Administrative Method of the...
View ArticleCouple on missing flight declared dead by judge
Wealth Management partner Richard Campbell (Chicago) is quoted in an article reporting that two Chicago residents who were passengers on the missing Malaysia Airlines Flight 370 were declared dead by a...
View ArticleThe Impact of the Contracts (Rights of Third Parties) Bill on Employers and...
Do you ever enter into agreements with any union? Do you ever outsource the provision of benefits to employees through a service provider? Do you provide benefits to dependants or associates of your...
View ArticleNDRC Issued the Revised Draft of Foreign Investment Catalogue to Open More...
On 4 November 2014, the National Development and Reform Commission (NDRC) released the latest revised draft of the Foreign Investment Industrial Guidance Catalogue (外商投资产业指导目录) (Catalogue) soliciting...
View ArticleMayer Brown Pro Bono Team Aids Wounded Vets
Donna Morgan was quoted in an article on Mayer Brown’s pro bono project that has helped severely wounded US military veterans gain access to custom-built homes that make living with their conditions...
View ArticleThe German Federal Constitutional Court Declared the Inheritance Tax Law Not...
In a judgement released on December 17, 2014 (1 BvL 21/12), the Federal Constitutional Court (Bundesverfassungsgericht– “BVerfG”) declared the applicable Inheritance and Gift Tax law partly (especially...
View ArticleFamily Offices Resemble Early PE In Direct Investing Shift
Corporate & Securities partner Jeff Legault (New York) was quoted in this article discussing the similarity between family office investing and early private equity.
View ArticleHong Kongers unafraid to break law to realise dreams of parenthood
Litigation partner Jonathan Mok is quoted in an article titled “Hong Kongers unafraid to break law to realise dreams of parenthood” published in Global Health & Travel magazine. The article looks...
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