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| 19 November 2009 |  | New Administrative Rules Facilitate BOT Wastewater Treatment Projects in Shenzhen Client Alert - Energy, China, Hong Kong
Until July 2008, there was no national legislation that governed public utilities projects and more specifically, wastewater treatment projects, financed under the BOT model. In July 2008, the Shenzhen Municipal Government promulgated and implemented China's first set of local rules for build-operate-transfer ("BOT") wastewater treatment projects, the Shenzhen Municipal Administrative Rules for BOT Wastewater Treatment Projects 《深圳市污水处理厂BOT项目管理办法》("Administrative Rules"). In light of the developments since the enactment of the Administrative Rules, the following seeks to provide an outline of the local framework governing BOT wastewater treatment projects in Shenzhen and the impact on the future development of BOT public utilities projects. |
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| 19 November 2009 |  | EU and UK Antitrust/Competition Group London : Daily Bulletin Newsletter - Antitrust & Competition, United Kingdom / England & Wales
EU Competition; Merger Clearances; Articles 81/82; State Aid; UK Competition |
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| 18 November 2009 |  | New Minimum Wage Rates Applicable Early 2010 Client Alert - Employment & Benefits, Vietnam
On 30 October 2009, the Government issued Decree No. 98/2009/ND-CP regarding area minimum wage rates for Vietnamese employees working for foreign entities in Vietnam ("Decree 98"). |
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| Autumn 2009 |  | Quarterly Review Client Update - Pensions, United Kingdom / England & Wales
Following an informal consultation in late 2008, the DWP is now consulting formally about changes to the Employer Debt Regulations made under s75 Pensions Act 1995. |
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| 18 November 2009 |  | EU and UK Antitrust/Competition Group London : Daily Bulletin Newsletter - Antitrust & Competition, United Kingdom / England & Wales
EU Competition; Articles 81/82; State Aid; UK Competition |
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| 17 November 2009 |  | Re-arrangement and Equitisation of State-owned Enterprises Client Alert - Restructuring, Bankruptcy & Insolvency, Vietnam
On 4 November 2009, the Prime Minister issued Official Letter No. 2104/TTg-DMDN regarding re-arrangement and equitisation of State enterprises belonging to the Ministry of Industry and Trade for the 2009-2010 stage ("Letter 2104"). |
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| 17 November 2009 |  | Personal Income Tax on Real Property Transfer Client Alert - Real Estate, Real Estate Finance, Tax Controversy, Tax Transactions & Consulting, Vietnam
On 1 October 2009, the General Department of Taxation issued Official Letter No. 4022/TCT-TNCN ("Letter 4022") clarifying the settlement of cases of personal income tax ("PIT") arising from a transfer of land, where the actual land area as measured for the issue of a land use right certificate is greater than the measurements recorded on the land use document ("Increased Land Area"). |
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| 17 November 2009 |  | EU and UK Antitrust/Competition Group London : Daily Bulletin Newsletter - Antitrust & Competition, United Kingdom / England & Wales
EU Competition; Merger Clearances; State Aid; UK Competition; Antitrust; Mergers; Groceries market investigations; Telecoms; Non-EU Competition |
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| 16 November 2009 |  | Countdown to Copenhagen Article - Energy, Americas, Asia, Europe
As the world prepares for the Copenhagen Summit on climate change in December to discuss a new binding agreement to replace the Kyoto Protocol, which expires in 2012, we consider some of the main talking points and the prospects for achieving a new treaty.
To begin, it is necessary to take a brief look at the existing international architecture governing climate change. |
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| 16 November 2009 |  | Cross-Border Wind Deals Plentiful but Challenging Article - Energy, Americas, Asia, Europe
As US-based wind companies continue to be acquisition targets for foreign investors, buyers and sellers in these deals should be prepared for some unique cross-border issues. |
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| 16 November 2009 |  | China's Burgeoning Solar Power Sector Article - Energy, Americas, Asia, Europe
Although solar power projects pale in comparison to the scope of hydropower and wind power projects in China, a series of announced solar power projects have created a new interest in this sector by domestic and foreign power developers. |
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| 16 November 2009 |  | Certain American Recovery and Reinvestment Act Provisions: Does Foreign Ownership Matter? Article - Energy, Americas, Asia, Europe
The federal stimulus act (“American Recovery and Reinvestment” or “ARRA”) makes substantial benefits available to developers of wind and other renewable projects located in the United States |
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| 16 November 2009 |  | Foreign Account Tax Compliance Act of 2009 Client Update - Tax Transactions & Consulting, United States
On October 27, 2009, Senators Baucus and Kerry, together with Representatives Rangel and Neal, introduced the Foreign Account Tax Compliance Act of 2009 (the “Act”). The bill is the product of consultation between Congress and the US Treasury Department (Treasury) and is intended to curb the abuse of offshore bank and investment accounts by US taxpayers. |
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| 13 November 2009 |  | Decision on Exemption and Reduction of Land Rent Client Alert - Real Estate, Tax Controversy, Tax Transactions & Consulting, Vietnam
On 2 October 2009 the General Department of Tax issued Official Letter No. 4056/TCT-CS clarifying the issue of decisions on exemption and reduction of land rent. |
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| 13 November 2009 |  | California Appellate Court Upholds Order Denying Class Certification, Primarily Relying on Individualized Nature of Damages Inquiry Client Alert - Consumer Class Actions, Supreme Court & Appellate, United States
In Evans v. Lasco Bathware, Inc., the California Court of Appeal affirmed the denial of class certification in a lawsuit over allegedly defective products. Specifically, the appellate court held that the trial court did not abuse its discretion in denying class certification when individualized questions of damages predominated over a single common question, and the proposed plaintiffs did not adequately represent the interests of the class. |
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| November 2009 |  | Too big to fail: antitrust authorities could intervene, but will they? Client Alert - Antitrust & Competition, Belgium, Europe
The Dutch financial conglomerate ING Group, under pressure from the European Commission, recently announced plans to accelerate the sale of its insurance operations and its internet banking business in the United States. It also agreed to stop making further acquisitions. |
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| 12 November 2009 |  | Court sides with PPF in “Ilford” case Client Alert - Pensions, United Kingdom / England & Wales
The High Court has ruled in Independent Trustee Services Limited v Hope & others that a proposed arrangement which would have “selected against” the Pension Protection Fund would not be a proper exercise of a trustee’s powers. |
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| November 2009 |  | EU Batteries Directive – have you complied with your obligations? Client Update - Europe
A new regime governing the supply of batteries (or products containing them) within the European Economic Area (“EEA”) came into force in 2006 under the EU Batteries Directive. |
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| 12 November 2009 |  | Crucial Transitional Relief Under the FDIC Securitization Safe Harbor Client Alert - Financial Services Regulatory & Enforcement, Securitization, United States
On November 12, 2009, the Board of the FDIC approved an interim rule that provides some crucial transitional relief relating to recent changes in US accounting standards for securitizations (see our June 22, 2009, Client Update “Big Changes to Securitization Accounting”). One of the key impacts of the accounting changes is that banks (among other entities) will no longer be able to achieve sale treatment in securitizations of credit card and other receivables using many traditional structures. |
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| 12 November 2009 |  | EU and UK Antitrust/Competition Group London : Daily Bulletin Newsletter - Antitrust & Competition, United Kingdom / England & Wales
EU Competition; Merger Clearances; Articles 81/82; Telecoms; State Aid; General; UK Competition; Non-EU Competition |
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