The Federal Reserve and the Office of the Comptroller of the Currency have issued extensive new guidance to financial institutions about the use of third parties to perform functions for the institution or company, or to provide products or services to their customers. If your company has a relationship with third-party service providers, then this article is a must-read.
The aim of the RDL is to improve and clarify certain aspects of the rules governing outof-court protected refinancing arrangements and the so-called Spanish scheme or "homologación judicial" whilst trying to solve other inefficiencies of the legal regime applying to those refinancing arrangements that have arisen in practice. This is a preliminary review that we thought should be shared with you as soon as possible given the number of current debt restructurings that may be affected by its content.
This briefing is the first in a series that will look at legal aspects of the Solvency II regime and their implications for firms. It considers the legal framework of Solvency II, how near each element of the framework is to completion and what needs to happen next, how Omnibus II has changed the previously published regime, the transitional relief that firms can expect to get from 1 January 2016, and how Solvency II will be applied to insurers and reinsurers in the UK.
A review of strategies to reduce social security contribution costs under Brazilian law.
A review of changes to Brazilian laws related to social security contributions. In some economic sectors, Brazilian law reduce social security contribution requirements to encourage growth.
This brief article reviews regulations applicable to crowd-funding in France, the United Kingdom, and Italy, with some discussion of the practical application of the rules.
This Top Ten focuses on protections needed in a ground lease in order for a leasehold mortgagee to consider the ground lease financeable.