DRIVINGPROGRESSTHROUGHPARTNERSHIP

Global Perspectives

CFTC Launches FinTech Innovation Initiative “LabCFTC”

On May 17, 2017, Commodity Futures Trading Commission (“CFTC”) Acting Chairman J. Christopher Giancarlo announced an “important step forward” in bringing the CFTC’s regulations into the “digital world of the 21st century.”  The CFTC’s new FinTech initiative, LabCFTC, will facilitate cooperation between the CFTC and FinTech innovators. Acting Chairman Giancarlo stated that the primary aims...… Continue Reading
regionID

Digital media are now caught by French regulation and in particular by stringent transparency requirements

By virtue of the French “Sapin” law of January 29, 1993, France has become one of the most transparency-regulated media market in the world and remains so today. With the new Decree No 2017-159 of February 9, 2017, the protection of advertisers is further strengthened by extending the transparency requirements of the Sapin law to...… Continue Reading
regionID

Qatar – Sanctions and Restrictions: What has happened, and what it might mean for you

On 5 June 2017, Saudi Arabia, the United Arab Emirates, Egypt and Bahrain (the Blockading Countries) severed diplomatic and economic relations with Qatar. Since then, a number of other countries, including the Maldives and Mauritius, have followed suit or expressed support for the measures. The shipping industry must carefully monitor this situation as it develops.

In this alert, we explain the position to date and take a look at what shipping companies trading Qatar need to be mindful of to limit and manage any potential impact on their business.

regionID

India extends service tax on freight

Indian authorities have recently extended the service tax on ocean freight, payable under the Finance Act 1994 (“Service Tax”), to cargoes imported on a CIF basis. The amendments to the Act in this regard came into effect from 22 January 2017. This Service Tax has been levied since June 2016 over freight on cargoes imported...… Continue Reading
regionID

10,000 Foot View

Data Breach Incidents: What you need to do now

Nearly every state in the United States requires notification when certain personal information is lost, stolen, or misused. However, the many state laws vary in subtle but crucial respects, making it difficult to get to a bottom line quickly. Reed Smith is has released a first-of-its-kind tool designed to help companies clarify their notification strategy in response to a data loss incident. Breach RespondeRS guides companies through a series of basic factual questions and shares immediate initial assessment reports as to the likelihood that notification is required.