The Swedish Consumer Agency’s review regarding the information provisions for fund companies

The Swedish Consumer Agency’s review regarding the information provisions for fund companies

The Swedish Consumer Agency has during the year of 2014 examined the compliance of information provisions of the Swedish UCITS Act. The examination covered forty companies and The Consumer Agency has examined the marketing materials targeted to both new and existing customers, such as advertising in newspapers and other periodicals ... Read More »

Export controls

Export controls

United States export controls mainly fall under the jurisdiction of three federal agencies. First, the Department of Commerce’s Bureau of Industry and Security administers the Export Administration Regulations, which control exports and reexports of a wide range of commodities, software, and technology. Second, the Department of State’s Directorate of Defense ... Read More »

U.S. Attorney General Holder gives federal prosecutors 90 days to hold individuals accountable for the financial crisis

U.S. Attorney General Holder gives federal prosecutors 90 days to hold individuals accountable for the financial crisis

In a public appearance at the National Press Club yesterday, U.S. Attorney General Eric Holder said that he has given federal prosecutors a 90-day deadline to evaluate whether they can bring civil or criminal cases against any individuals for their role in the 2008 financial crisis. Holder stated that federal prosecutors ... Read More »

Management responsibility prior to the bankruptcy particularly with regard to the financial resources

Management responsibility prior to the bankruptcy particularly with regard to the financial resources

A natural consequence of the financial crisis is an increased focus on companies’ sustainability with regard to continued operations and thus the management’s responsibility to ensure that the company’s financial resources are sufficient and justifiable at all times. 1. Management’s responsibility It may be very difficult to distinguish between justifiable ... Read More »

Germany: The first Minimum Wage Act (Part II) – Extensive new obligations for foreign employers too?

Germany: The first Minimum Wage Act (Part II) – Extensive new obligations for foreign employers too?

The first German Minimum Wage Act (MiLoG) came into force at the start of 2015. However, many questions remain unresolved and foreign employers in particular are objecting to its application. The German Confederation of Trade Unions (Deutsche Gewerkschaftsbund – DGB) reports on its website attempts to get around the payments ... Read More »

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