On 23 October 2013, the Securities and Exchange Commission (SEC) voted unanimously to propose Regulation Crowdfunding, the rules related to the offer and sale of securities through crowd-funded private offerings, as set forth in Title III of the Jumpstart Our Business Startups (JOBS) Act. FINRA then published its proposed rules governing the licensing and regulation […]
In Pi Consulting (Trustee Services) Ltd v The Pensions Regulator (and Others), the High Court ruled that the suspected pension liberation schemes were ‘occupational pension schemes’ within the statutory definition. It means they fall under the jurisdiction of the Pensions Regulator and, as such, the Pensions Regulator had power to appoint independent trustees to the […]
It has been reported that Germany will introduce legislation requiring German companies to allot 30 per cent of their non-executive board seats to women from 2016 — companies unable to meet this requirement would be required to leave these seats vacant. Eversheds has commented on this blow to the UK government, which has counted on […]
Commenting as two new companies plan to list on AIM, Eversheds believes the listings are indicative of wider comfort with the regulatory regime. Robin Johnson, partner at Eversheds, said: ‘London is definitely open for business as institutions look to place monies that have been sitting in gilts in the hope of higher returns. Broadly, institutions […]
Wragge & Co and Buck Consultants have announced a joint initiative aimed at assisting small and medium-sized enterprises (SMEs) to fulfil their automatic enrolment obligations. The organisations have teamed up to offer a seamless approach to providing the pensions and legal advice that SMEs need to achieve a successful implementation. The Buck & Wragge ‘expert […]
Antitrust authorities in Europe are getting more and more rigid with regard to clauses that restrict or ban online sales, especially sales over internet platforms such as Amazon and eBay. In principle, the EU Commission in its Vertical Guidelines requires that every distributor must be allowed to use the internet to sell products. However, regarding […]
By Peter Shave The Pensions Regulator issued a statement on 25 October 2013 warning against ‘double counting’ in defined-benefit pension schemes. The Regulator is apparently dealing with a number of cases where section 75 debts on the one hand and regular contributions otherwise due on the other have been offset against each other. The Regulator […]
DLA Piper has announced that Dr Michael Burg has joined the firm’s corporate practice as a partner in the Cologne office. Burg joins from White & Case, where he was a partner in the corporate/M&A practice. He has extensive knowledge in advising domestic and foreign companies, strategic investors and financial investors, banks and political institutions […]
DLA Piper has released the 18 November 2013 issue of its Health Alert, which focuses on judgments, legislation and reports in the health sector. If you are registered and logged in to the site, click on the link below to read the DLA Piper briefing. If not, please register or sign in with your details […]
On 30 October 2013, the third ordinance amending the fruit juice and soft drink regulation and other foodstuff-related provisions was published in the Federal Law Gazette (BGBl I no. 64 of 30 October 2013, page 3,889). This ordinance came into force on 31 October 2013 with immediate effect. The third amending ordinance did not only […]
Conyers Dill & Pearman has announced that it is co-sponsoring the American Bar Association Section of International Law’s upcoming seminar, The Pros and Cons of Offshore Centres. Held on 16–17 of January 2014 at the Westin Grand Cayman in the Cayman Islands, the seminar explores the legitimate uses of today’s offshore financial centres, including the ease and speed […]
DLA Piper has announced that Guy Flynn, chair of the firm’s Maryland real-estate practice and partner in charge of the downtown Baltimore office, has been honoured with a 2013 Leadership in Law award by The Daily Record. He was recognised at a reception on 14 November in Hanover, Maryland. Since 2000, The Daily Record has recognised lawyers and […]