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The Association of Corporate Counsel (ACC) is the world's largest organization serving the professional and business interests of attorneys who practice in the legal departments of corporations, associations, nonprofits and other private-sector organizations around the globe.

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Privacy on the Go: Recommendations for the Mobile Ecosystem

Privacy on the Go recommends a “surprise minimization” approach. This approach means supplementing the general privacy policy with enhanced measures to alert users and give them control over data practices that are not related to an app’s basic functionality or that involve sensitive information.

Articles

New European Commission Rules for Merger Review

By Morais Leitão, Galvão Teles, Soares da Silva & Associados, Lex Mundi member firm for Portugal

Last month, the merger simplification package adopted by the European Commission entered into force. The main objective of this reform is to achieve a greater level of efficiency in merger review and to reduce the administrative burdens for the businesses involved. The most relevant measures introduced by the package include widening the scope of transactions, which may benefit from the simplified procedure, and updating notification forms. The Commission has also revised its guidelines on commitments offered by parties.

Articles

All Change on Collective Redundancy: The New Meaning of Establishment (UK)

By Allen & Overy

Every now and then, a case comes along that shatters perceived wisdom and established practice. The “Woolsworths” case (as it has become known) is one of those cases. Up until this point, an employer embarking on a collective redundancy exercise could be fairly confident that the consultation obligations were triggered only if it proposed to dismiss 20 or more employees “at one establishment” within a 90-day period. For multiple site businesses, this threshold was usually applied to each place of work to give some flexibility before hitting this consultation obligation threshold. Breaking new ground, the EAT has now ruled that this approach is wrong. Read on to learn more.

Articles

FOREX Conversion in China via a RMB Clearing Bank in Singapore

By Allen & Overy

Singapore is the first regional financial centre outside China and Hong Kong to have a RMB Clearing Bank. A RMB Clearing Bank in Singapore is expected to increase market depth and RMB liquidity circulating between Singapore and China. The Monetary Authority of Singapore (“MAS”), in consultation with PBC, has proposed certain eligibility criteria and other requirements for banks and merchant banks which wish to carry out forex transactions in China via a RMB Clearing Bank in Singapore (“China Forex Conversion”). Read this article to learn more.

Articles

Narrative Reporting – What's New? (UK)

By Allen & Overy

Significant narrative reporting requirements have been introduced in the draft of The Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 (the Regulations), published by the Department for Business, Innovation & Skills.

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