LBMA Launches New Global Previous Metals Code

The London Bullion Market Association (LBMA) has launched a new global precious metals code (the Metals Code). The Metals Code sets out a common set of principles to promote the integrity of the wholesale precious metals market. The Metals Code is organised around four leading principles: ethics; governance, compliance and risk management; information sharing; and business conduct. View Full Post
Tweet Like LinkedIn LinkedIn Google Plus

Disclosure of Interests in Hong Kong: Be Ready to File with a Brand New System

Hong Kong’s Securities and Futures Commission (SFC) will introduce a new system for mandatory electronic filing of disclosure of interests notifications (DI notices), which will come into effect on 3 July 2017. From that day onwards, market participants are required to submit DI notices electronically through the new Disclosure of Interests Online System (DION System). View Full Post
Tweet Like LinkedIn LinkedIn Google Plus

Not Quite a No-Hitter: Ontario Superior Court Declines to Strike (Most) Claims Related to Pre-Installed Software

By Breanna Needham Breanna Needham In the recent decision of Bennett v. Lenovo[1] (“Bennett”), in the Defendant Lenovo’s motion to strike the proposed class action in its entirety, the Ontario Superior Court of Justice declined to strike three of the four causes of action relating to manufacturer installed software loaded onto laptop computers. View Full Post
Tweet Like LinkedIn LinkedIn Google Plus

Upcoming/New CFIUS Filing: HTC Global Ventures and Ciber Inc.

Status:  Upcoming/New Filing   Acquirer:  HTC Global Ventures, LLC (U.S.) Acquired:  Ciber, Inc. (U.S.) Value:  Approx. US$93 million Industry:  Information Technology MultimediaOn May 18, 2017, Ciber, Inc., and its subsidiaries Ciber International LLC and Ciber Consulting, Inc., companies that provide a broad range of IT services and solutions, “filed in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) a Notice of Successful Bidder, stating that HTC Global Ventures, LLC is the winning bidder pursuant to the bidding procedures approved by the Bankruptcy Court on May 2, 2017.” (Ciber Form 8-K, May 19, 2017, SEC Filing.)  HTC Global Ventures is a wholly owned subsidiary of HTC Global ServicesView Full Post
Tweet Like LinkedIn LinkedIn Google Plus

CSA Sweep Uncovers Small Firm Business Continuity Plan Deficiencies

Darin Renton – The Canadian Securities Administrators (CSA) recently released the results of a compliance review focused on sole proprietorships and other firms with just one registered individual.  CSA Staff Notice 31-350 – Guidance on Small Firms Compliance and Regulatory Obligations is the product of a two-year “sweep” that concluded in mid-2016. View Full Post
Tweet Like LinkedIn LinkedIn Google Plus

Circular On Pilot Tax Policies for Venture Capital Firms and Individual Angel Investors

By | China Law Update Blog | May 25, 2017
In order to promote the sustainable and healthy development of venture capital investment, the Ministry of Finance and the State Administration of Taxation have jointly promulgated the Circular on Pilot Tax Policies for Venture Capital Firms and Individual Angel Investors (Cai Shui [2017] No. View Full Post
Tweet Like LinkedIn LinkedIn Google Plus

EBA Final Draft RTS On Valuation Under BRRD

The European Banking Authority (EBA) has published final draft regulatory technical standards (RTS) that specify valuation principles that shall be used before and after a resolution occurs. Valuation before resolution is critical to the resolution process since it informs the resolution authority’s decision as to whether the conditions for resolution are met and, if so, which resolution tools should be used. View Full Post
Tweet Like LinkedIn LinkedIn Google Plus