Mondaq Business Briefing articles from February 2004

Mondaq Business Briefing archives from February 2004

Constitutional Issues in Formal Arbitration Proceedings.
February 1, 2004... Originally published February 2002 Under Italian law, questions regarding the constitutional legitimacy of legislation that arise in the course of proceedings before a "judicial authority" must be referred to the Constitutional Court,(1)...

A New Specialized Financial Agent.(Brief Article)
February 2, 2004... "Closed deal" seems to be the last words for the transaction on the shares and directors positions of this financial society. With those words the Pension Fund for School and High School Teachers started a new business for its members. The main...

Daily Tax Update - Finance Committee Bills Contain Tax Shelter And Corporate Governance Revenue Offsets.
February 2, 2004... WASHINGTON PHOENIX LOS ANGELES LONDON BRUSSELS The "Highway Reauthorization and Excise Tax Simplification Act" and the "Tax Administration Good Government Act" scheduled to be considered by the Senate Finance Committee on February 2nd,...

Baxi Advised By Pinsents On Major [pounds sterling]662 Million Refinancing.
February 2, 2004... Management and employees of Baxi Group Ltd, the major European heating group, have been advised by a specialist team from UK law firm Pinsents on the [pounds sterling]662.5 million buyout of the company by BC Partners. BC Partners, the UK...

Profits Tax Exemption for Funds to be Expanded: Consultation Paper Released.
February 2, 2004... Written by Phillip Smith (Partner) Summary The Secretary for Financial Services and the Treasury Bureau of the Hong Kong Government has issued a consultation paper outlining the amendments to expand the profits tax exemption for funds...

Employers Face More Challenges From The Ohio Supreme Court: Coolidge V. Riverdale Local School Dist.
February 2, 2004... By G. Roger King and Rebecca J. Brinsfield Employers are all too familiar with the consistent erosion of the employment-at-will doctrine. For years, Ohio courts have established exception after exception to this foundation of the...

Outsourcing: Human Resource Issues Shouldn't Be An Afterthought!
February 3, 2004... Much has been and is being written about outsourcing. Not a legal term, "outsourcing" refers to the arrangement whereby one company looks to another company to perform some aspect of its business operation. It's like delegating, but at an...

San Francisco Adopts Local Minimum Wage Of $8.50.
February 3, 2004... San Francisco employers soon must pay employees a minimum wage of $8.50 per hour. This new requirement is the result of Proposition L, passed by the voters in November.1 It requires employers with 10 or more employees to pay at least $8.50 per...

Communications Law Bulletin-January 2004.
February 3, 2004... The Month in Brief The New Year already has brought a number of developments that cut across all industry segments. Perhaps the most consequential of these is the apparent decision of the Federal Communications Commission ("FCC" or...

The New Pre-Reorganization Continuity Of Interest Regulations.
February 3, 2004... Originally published October, 2003 I. INTRODUCTION On August 30, 2000, the Department of the Treasury ("Treasury") and the Internal Revenue Service ("Service" or "IRS") issued final regulations under section 368 providing guidance on...

Daily Tax Update - Treasury Releases 2004 "Blue Book".
February 3, 2004... WASHINGTON PHOENIX LOS ANGELES LONDON BRUSSELS Today, the Treasury Department released the 2004 "Blue Book," which summarizes the revenue proposals in President Bush's $2.4 trillion fiscal year 2005 budget. The President's budget contains...

Environmental Law Sharpens its Teeth.(recent decisions of the Hong Kong courts in the Central Reclamation case and in Shiu Wing Steel Ltd v Director of Environmental Protection)
February 3, 2004... Written by Kevin Owen (Partner) and Peter Borg (Registered Foreign Lawyer (Australia)) Environmental law is gaining a higher profile in Hong Kong. In this article, Kevin Owen and Peter Borg examine the recent decisions of the Hong Kong...

Case Report: Court Of Final Appeal Unanimously Decides Against the Town Planning Board In Harbour Reclamation Case.
February 3, 2004... Written by Kevin Owen (Partner) and Peter Borg (Registered Foreign Lawyer (Australia)) Summary The decision of the Hong Kong Court of Final Appeal in the Town Planning Board v Society for the Protection of the Harbour Ltd, handed down...

Waste Disposal (Amendment) (No.2) Bill 2003 - New Costs of Disposing of Construction Waste.
February 3, 2004... Written by Kevin Owen (Partner) and Andrew MacGeoch (Partner) Summary The Waste Disposal (Amendment) (No.2) Bill 2003 ("Bill") was presented to the Legislative Council for its first reading on 17 December 2003. The Bill proposed (i) to...

New Circular On Ratio Of Foreign Participation In The Securities Market In Vietnam.
February 3, 2004... Written by Dao Nguyen (Partner) and John Hickin (Solicitor) Summary To provide guidelines for the implementation of Decision No. 146/2003/QD-TTg Regarding The Ratios Held By Foreign Parties In The Vietnamese Securities Market of the...

OSHA Enforcement of Respiratory Protection Standard in Health Services Industry.
February 3, 2004... I. INTRODUCTION On January 14, 2004, the Occupational Safety and Health Administration ("OSHA") announced that it would begin enforcement of the respiratory protection standard, 29 C.F.R. s. 1910.134, on July 1, 2004, in establishments...

Changes in Singapore Patent Rules for National Phase Applications Under PCT Chapter I.
February 3, 2004... By James Cleeve & Alicia Sim Until now a national phase entry application in Singapore under PCT Chapter I had to be filed within 20 months from the priority date (or international filing date if priority is not claimed). As of 1...

Attacks on Client Privilege Increasing: Government Insistence on Waiver Jeopardizes the Value of the Corporate Privilege.
February 4, 2004... By David B. Fein and Robert S. Huie In a recent public talk, Mary Jo White, former U.S. Attorney for the Southern District of New York, lamented that waiver of corporate privilege has become a litmus test for whether a company is...

The Effect Of The Can Spam Act On Associations.
February 4, 2004... President Bush signed the "Controlling the Assault of Non-Solicited Pornography and Marketing Act of 2003" (the "CAN SPAM" Act) into law on December 16, 2003. CAN SPAM became effective January 1, 2004 and preempts all state and local laws,...

Early Retirement Benefits On Business Transfers.
February 4, 2004... 1. SUMMARY On business transfers there is a risk that where the seller provides a company sponsored "occupational" pension scheme which allows benefits to be paid before members reach their normal retirement date, the obligation to provide...

Elizabeth Emanuel v Continental Shelf - Trade Mark Revocation/Opposition - Can deception be lawful?
February 4, 2004... David Kitchin QC as the Appointed Person considered the question whether the confusion following the assignment of a trade mark amounted to "lawful deception". He decided the issue is unclear and so warranted a reference to the European Court...

Insurance Business Transfer Schemes - An Alternative to RITC?(Reinsurance to Close)
February 4, 2004... SUMMARY The insurance business transfer procedure under Part VII FSMA provides for the first time the option of novating (rather than merely reinsuring), without policyholders' consent, business written by a Lloyd's syndicate to an...

Carriage by Air and DVT: The Story so Far...
February 4, 2004... On 3 July 2003 the Court of Appeal in a unanimous judgment dismissed an appeal against air carriers on a point of law in The Deep Vein Thrombosis and Air Travel Group Litigation. The effect of judgment is that air carriers are not liable to...

California Legislative Revisions to the Confidentiality of Medical Information Act.
February 4, 2004... I. INTRODUCTION The Act creates a new definition for "marketing" that limits the ability of providers of health care, health care service plans, contractors, and corporations and their subsidiaries and affiliates from sending...

Captives - Does My Reinsurer Have to Pay?
February 4, 2004... One of the major benefits of establishing a captive is that it is able to gain direct access to the international reinsurance markets. Reinsurers are usually content to reinsure captives provided the terms and conditions of the reinsurance are...

Successful Outsourcing for Insurers.
February 4, 2004... "Outsourcing" has become a hot topic for insurers and other businesses alike. This article highlights some of the factors to bear in mind if an outsourcing project is to be successful. The recent economic climate has resulted in many...

Large Insureds - Large Risks - Large Problems: How Do You Resolve Them?
February 4, 2004... PROBLEMS WITH THE ADVERSARIAL PROCESS The last concern on anybody's mind when entering into a new deal is how disputes are to be resolved in the event of something going wrong. However, particularly in respect of tailor-made global...

Q: How Striking Is A Surname When Used As A Trade Mark? A: Ask Your Customers!
February 4, 2004... By Seiko Hidaka The Advocate General of the European Court of Justice ("ECJ") has this month confirmed that the UK Trade Mark Office is wrong to approach assessing the distinctiveness of common surnames in a way different from that of...

The Patents Bill brings amendments to UK Patent Law - A helping hand to SMEs?
February 4, 2004... The DTI has long since been concerned about the UK's lack of support for its inventors and entrepreneurs. It is clear that we are falling behind the US, Japan and many other EU countries in the protection, innovation and development stakes - a...

A Strategy for International Protection of Your Brand.
February 4, 2004... An international trade mark strategy is vital to all businesses from start-ups to large multi-national organisations. Emma Lambert outlines the best options for protecting brands internationally and considers their particular strengths and...

Daily Tax Update: Treasury Secretary Testifies On President's Revenue Proposals.
February 4, 2004... WASHINGTON PHOENIX LOS ANGELES LONDON BRUSSELS Today, Treasury Secretary John Snow testified before the House Ways and Means Committee on President Bush's fiscal year 2005 revenue proposals. The President's budget contains ...

Land Registration Reforms - What You Need To Know.
February 4, 2004... Originally published in January 2004 Introduction The Land Registration Act 2002 ("the Act") came into force on 13 October 2003. The main elements of the Act are: 1. More interests in land to be registered The law has...

Daily Tax Update: IRS Releases Fact Sheet On Return Preparer Fraud.
February 4, 2004... WASHINGTON PHOENIX LOS ANGELES LONDON BRUSSELS Today, the IRS issued a fact sheet which provides suggestions for selecting a tax return preparer. The IRS recommends avoiding tax preparers who claim they can obtain larger refunds...

OSFI Releases New Guideline for Federally Regulated Financial Institutions that Outsource Business Functions.(Office of the Superintendent of Financial Institutions )
February 4, 2004... The Office of the Superintendent of Financial Institutions ("OSFI") recently released for comment a draft of a new Guideline B-10 - Outsourcing of Business Functions. The new Guideline will apply to federally regulated financial institutions...

The Reforms To The Landlord And Tenant Act 1954.
February 4, 2004... Originally published in January 2004 From 1 June 2004 certain provisions of the Landlord and Tenant Act 1954 will change. The Regulatory Reform (Business Tenancies) (England and Wales) Order 2003 was made on 1st December 2003. Its...

SEC Issues Release Proposing Confirmation and Point of Sale Disclosure Requirements for Mutual Fund, UIT and 529 Plan Sales.
February 5, 2004... The SEC issued a release discussing new rules and form amendments approved at its January 14, 2004 meeting (discussed in the January 20, 2004 Alert (the "Proposal") that would introduce point of sale and additional confirmation disclosure...

Top Management Changes at Region 5 - New Directors Named for Air, Superfund and Waste Divisions - New Regional Counsel Expected.
February 5, 2004... Air and Radiation Division Steve Rothblatt was recently named Director of the Air and Radiation Division. This position had previously been filled by a series of acting directors, following the elevation of previous Air Director Barat...

Children: Capacity And Consent - A Summary Briefing.
February 5, 2004... Originally published in January 2004 The legal issues concerning children and Consent to Treatment are not always straightforward. This briefing provides a summary of the issues, albeit that in cases of difficulty, specific advice will be...

Healthcare or Residential Care: The Assessment of Care Needs.
February 5, 2004... Originally published in January 2004 Assessment of care needs continues to be a difficult area. In addition to the obvious care issues, it also impacts on funding. Decisions on care needs by public authorities are susceptible to...

SEC Issues Final Rules Amending the Rule 10b-18 "Safe Harbor" and Requiring Disclosure of Issuer Repurchases.(Securities Exchange Commission)
February 5, 2004... Pre-Amendment Scope and Conditions of Rule 10b-181 In adopting the Rule 10b-18 safe harbor in 1982, the SEC sought to address the following problem: while there are many legitimate business reasons for issuers to repurchase their own equity...

Human Tissue Bill.(Brief Article)
February 5, 2004... Originally published in February 2004 The Queen's speech announced that new legislation is to be introduced to revise the existing law on the retention and use of human tissue and organs.The Human Tissue Bill will implement changes...

New Requirements to Support Transaction Cost Deductions, and Proposed Changes for Tax Opinion Writers.
February 5, 2004... Deductibility of Transaction Costs A longstanding concept in federal income taxation is that a deduction is allowed to a taxpayer under Section 162(a) for ordinary and necessary expenses incurred in carrying on a trade or business. Recently...

Freedom Of Information Act - Are you on track?
February 5, 2004... Originally published February 2004 The Freedom of Information Act 2000 (the Act) has a potentially huge impact on the NHS. It is vital that public authorities are aware of the rights and duties created by the Act and that they have the...

Supreme Court Docket Report, October Term, 2003 - Number 8.
February 5, 2004... On January 20, 2004, the Supreme Court granted certiorari in one case of potential interest to the business community. Amicus briefs in support of the petitioner are due on Friday, March 5, 2004, and amicus briefs in support of the respondent...

Section 338(h)(10).(stock purchase and sale)
February 5, 2004... Originally published in October 2003. TABLE OF CONTENTS SECTION 338(h)(10) I. INTRODUCTION Generally, the result of a section 338(h)(10) election is to treat the purchase and sale of the stock of a target corporation as the...

Discrimination On The Grounds Of Sexual Orientation, Religion Or Belief.
February 5, 2004... Originally published in January 2004 It is now unlawful to discriminate against workers because of sexual orientation or religion or belief as a result of the Employment Equality (Sexual Orientation) Regulations and Employment Equality...

Supreme Court Docket Report, October Term, 2003 - Number 7.(Public Notice)
February 5, 2004... By Miriam R. Nemetz and Craig Canetti On January 7th, 2004, the Supreme Court granted certiorari in three cases of potential interest to the business community. Amicus briefs in support of the petitioners are due on Monday, February 23,...

Audit Committees In The Brazilian Financial System.
February 5, 2004... By Walter Douglas Stuber 1 Pursuant to the regulations attached to Resolution 3081, of May 29, 2003, as amended by Resolution 3170, of January 30, 2004, both issued by the Brazilian Monetary Council, any financial institution or entity duly...

Privileged Documents.
February 5, 2004... This article looks at recent case developments concerning document retention and legal advice privilege. Reviewing Policies Many companies will be viewing the latest bout of tobacco or obesity litigation and wondering whether such...

NYSE Publishes FAQs on Corporate Governance Listing Standards.(Newyork Stock Exchange)
February 5, 2004... Originally published January 29, 2004 By Edward S. Best, Michael T. Blair, James B. Carlson, Robert E. Curley, Scott J. Davis, Jeffrey I. Gordon, Robert A. Helman, Michael L. Hermsen, James J. Junewicz, Kenneth E. Kohler, PhilipJ. Niehoff,...

Performance Claims: Acing The "Adequate And Proper Test " Requirement.
February 5, 2004... This article was co-authored by Brenda MacDonald Performance claims are ubiquitous. Phrases like "new and improved," "consumers prefer" and "three out of four doctors recommend" bombard us as we watch television, listen to the radio or...

Images Of Patients.
February 5, 2004... Originally published February 2004 Beware the temptations of technology Thousands of video and picture messaging telephones will recently have been bought by individuals. It will be tempting to use this technology in the workplace but...

SEC Report on Hedge Funds - Staff Recommendations.(Securities and Exchange Commission)
February 5, 2004... The Securities and Exchange Commission ("SEC") Chairman has released the much anticipated SEC Staff Report entitled "Implications of the Growth of Hedge Funds". The Report follows an investigation into the operations and practices of the...

Daily Tax Update: House Budget Committee Chairman: "Raising Taxes Not An Option".
February 6, 2004... WASHINGTON PHOENIX LOS ANGELES LONDON BRUSSELS Today, the Director of the Office of Management and Budget Joshua Bolten testified before the Senate Budget Committee on the President's Fiscal Year 2005 budget. The President's budget calls...

International Client Alert-January 2004.
February 6, 2004... SANCTIONS LIFTED FOR ANGOLA AND REVISED FOR IRAQ The Directorate of Defense Trade Controls ("DDTC") has amended the International Traffic in Arms Regulations (the "ITAR") to lift the embargo on shipment of items on the U.S. Munitions List...

IRS Amends Anti-Tax Shelter Regulations; Narrows Definition of Confidential Transactions.
February 6, 2004... On December 29, 2003, the Internal Revenue Service released amendments (the "Amendments") to its package of anti-tax shelter regulations (the "Regulations") that were originally adopted at the end of February, 2003. The Amendments, which are...

German Tax Package 2004: A Summary.
February 6, 2004... By Joachim Borggafe, Dr. Thomas A. Jesch, Andreas Koster-Bockenforde, Dr. Andreas Striegel, Martin Weger and Dr. Matthias Kestler Effective January 1, 2004, the German Tax Legislation has been amended. For foreign investors, the tightened...

Interpretation Of The Supreme People's Court On The Law As It Applies To Construction Disputes In China.
February 6, 2004... During December 2003, the PRC Supreme People's Court issued a consultation paper on the application of PRC law to the adjudication of construction disputes. The purpose of the consultation paper was to give guidance on the application of law to...

Japan's System Of Interlocking Shareholdings.
February 6, 2004... Executive Summary Japan's system of interlocking shareholdings is collapsing as Japan's banks move to isolate their reported capital ratios from equity market volatility. The system of cross-holdings has become unsustainable due to: a)...

Commercial Litigation NetLetter-05 Februaury 2004.
February 6, 2004... HIGHLIGHTS A court may permit a trustee in bankruptcy to seek an oppression remedy in respect of a bankrupt corporation. Olympia & York Developments Limited (Trustee of) v. Olympia York Realty Corp., [2003] O.J. No. 5242 (C.A.). ...

Privacy Complaint Moves Passenger Information Issue To Forefront At DOTA.
February 6, 2004... By John Gillick, Catherine Meyer, Josh Romanow and David Endersbee A formal complaint against Northwest Airlines by the Electronic Privacy Information Center (EPIC) has reignited a firestorm of controversy regarding airline passenger data...

Daily Tax Update - Treasury Issues Guidance To Clarify Treatment Of Environmental Remediation Costs.
February 9, 2004... WASHINGTON PHOENIX LOS ANGELES LONDON BRUSSELS Today, the Treasury Department and the IRS issued two revenue rulings to clarify the tax treatment of hazardous waste clean-up costs. Revenue Ruling 2004-17 clarifies that the ...

NYSE Corporate Governance Requirements Finalized.(New York Stock Exchange)
February 9, 2004... By Luci Staller Altman, Andrew Beck and Daniel M. Miller Originally published in The Metropolitan Corporate Counsel January 2004 On November 4, 2003, the U.S. Securities and Exchange Commission approved new corporate governance rules...

Advertising & Marketing: Imitation Or Rip Off? 118 118 Runs Into Trouble Over 70s Athlete Caricature Ad.
February 9, 2004... By Rafi Azim-Khan and Mark Daniels Ofcom's Content Board have upheld the Independent Television Commission's finding that runner David Bedford's complaint, against UK TV commercials for the 118 118 directory enquiry service, was well...

Option Premiums Received - Finance Ministry Decree.
February 9, 2004... The finance ministry has issued a decree accepting a Supreme Tax Court case of December 2002 calling for option premiums to be deferred as income until option exercise or expiry. In December 2002, the Supreme Tax Court held that the option...

Changes In UK Patent Law - The Patents Bill 2004.
February 9, 2004... Summary The Patents Bill1recently introduced in the House of Lords will make important changes to UK Patent Law. Businesses which apply for or hold UK patents, need to be aware of these changes. This hot topic is an alert to some of the...

Franchise Follies: Lessons In Licensing From The ACCC.(Australian Competition and Consumer Commission )
February 9, 2004... Licence or franchise? Two recent Australian Competition and Consumer Commission (ACCC) actions have highlighted the need to carefully consider whether the Franchising Code of Conduct (Code) governs commercial agreements such as...

New Swedish Legislation on Right of Priority in Bankruptcies.
February 9, 2004... The current Swedish right of priority legislation, which is set forth in the Right of Priority Act (SFS 1970:979) was amended on 1 January 2004. The new legislation has been preceded by considerable disunion in the Swedish Parliament with...

New Guidelines on The Law on Corporate Income Tax.
February 10, 2004... Written by Dao Nguyen (Partner) and John Hickin (Solicitor) Summary In an effort to provide for a uniform tax system applicable to both Vietnamese and foreign-invested enterprises, thereby, to abolish the differences between the two...

Daily Tax Update - Economic Report To Congress: "Economy Is Strong And Getting Stronger".
February 10, 2004... WASHINGTON PHOENIX LOS ANGELES LONDON BRUSSELS Today, President Bush released his annual "Economic Report of the President," which is prepared by the Chairman of the Council of Economic Advisors. The report states, "The economy appears to...

Successful Joint Ventures and Collaborations.
February 10, 2004... When pooling technological expertise in joint ventures and collaboration exercises it is important for all participants to keep the treatment of pre-existing intellectual property rights, as well as those generated in the future, within their...

Ludwig Van Beethoven and a Kukelekuuuuu.
February 10, 2004... By Lee Curtis, Trade Mark Attorney, Pinsents Originally published 23 December 2003 What is a "Kukelekuuuuu" and what's it got to do with Ludwig van Beethoven? Well the key lies in Trade Mark Law and a recent decision of the European...

California and Michigan Courts Examine Recovery of Lost Future Royalty Damages.
February 10, 2004... By Lewis G. Rudnick, Lee J. Plave and Tara Cope In a recent case from California, a federal trial court in California re-examined an issue that was central to a headline-making decision from the state courts of California in 1996. In July...

FTC Staff Speaks Out On Earnings Claims Made in Internet Advertising.
February 10, 2004... On January 29, 2004, the FTC franchise rule staff issued a new advisory opinion (FTC Staff Advisory Opinion No. 04-2, available at http://www.ftc.gov/bcp/franchise/advops/advis04-2.htm) thoughtfully addressing the subject of earnings claims and...

Congress Throws Telemarketers a Curve Ball: 2004 Appropriations Bill Requires Monthly Updates of the National Do-Not-Call List.
February 10, 2004... From a telemarketer's perspective, Congress just reaffirmed the truth of the old adage: "No man's life, liberty or property are safe while the Legislature is in session."1 Congress' fiscal 2004 appropriations bill contains a provision that...

The Critical Vendor Doctrine.
February 10, 2004... Trade creditors or vendors know that a customer's Chapter 11 filing can mean long delays before receiving any payment on a pre-petition account, and that payment is usually a fraction of the amount owed. Traditionally, a vendor files a proof of...

"Spinning" IPO Shares: The eBay Decision.
February 10, 2004... The Delaware Court of Chancery recently decided In re eBay, Inc. S'holders Litig., No. 19988-NC, 2004 Del. Ch. LEXIS 4 (Del. Ch. Jan. 23, 2004) on the alleged practice of "spinning" IPO shares. The case is notable both because of its strong...

FTC Seeks Comment On Labeling Requirement For E-Mail Containing Sexually Oriented Content.
February 10, 2004... On January 29, 2004, the Federal Trade Commission published a notice of proposed rulemaking to establish a mark that will be required to be included in commercial electronic mail that includes sexually oriented material under Section 5(d) of...

Teleworking - A Potential Minefield for Employers.
February 10, 2004... Teleworkers now make up six per cent of the UK workforce, and the number is increasing by over ten per cent each year, due to the advantages to employers and employees. However this opens up a range of potential pitfalls in the areas of...

Public Companies Must Respond to New SEC Disclosure Requirements Regarding Nominating Committee Functions and Communications with Directors.
February 10, 2004... The Securities and Exchange Commission ("SEC") has adopted new disclosure requirements regarding the operations of board nominating committees and the means by which security holders may communicate with directors. Release 33-8340; 34-48825;...

Comparison of the Intercompany Obligation Rules Under Treas. Reg. s. 1.1502-13(g) AND PROP. TREAS. REG. s. 1.1502-13(g).
February 11, 2004... I. INTRODUCTION The purpose of this outline is to compare the current consolidated return intercompany obligation rules set forth in Treas. Reg. s.1.1502-13(g) with those contained in Prop. Reg. s.1.1502-13(g). This outline contains...

Daily Tax Update: IRS, States Partner To Combat Abusive Tax Avoidance Transactions.
February 11, 2004... WASHINGTON PHOENIX LOS ANGELES LONDON BRUSSELS Today, the IRS announced that it is working with tax agencies in 45 states, the District of Columbia, and New York City to combat abusive tax avoidance transactions. According to the IRS,...

Money Laundering Regulations 2003 - Reasonable Grounds for Suspecting.
February 11, 2004... David Winch, Accounting Evidence Ltd - January 2004 The UK Proceeds of Crime Act 2002 requires a person in the regulated sector (which from 1 March 2004 includes most lawyers and all accountants and tax advisers) active in the UK to make a...

Federal Banking Agencies Propose Changes to Community Reinvestment Act Rules.
February 11, 2004... The FDIC, FRB, OCC and OTS (the "Agencies") jointly issued a Notice of Proposed Rulemaking (the "NPR"), concerning proposed revisions to the Agencies' regulations implementing the Community Reinvestment Act ("CRA"). The NPR states that the...