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Entries tagged “Finance”

No Certainty in Future of Privacy Shield as Transatlantic Consultations Set to Begin

Insight Stephen Díaz Gavin Stephen Díaz Gavin · August 08, 2017
Differences between the U.S. and the EU regarding transfers of Personal Data continue to haunt relations between the two trade giants. Commerce between the U.S. and EU depends on the ability to engage in regular transfer of data.  The Privacy Shield agreed to only last year by the EU and the US was intended to provide companies on both sides

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Insolvency of Alitalia Puts Creditors on Notice to Make Claims

Insight Douglas J. Schneller Douglas J. Schneller · Emma R. Larson Emma R. Larson · Stephen Díaz Gavin Stephen Díaz Gavin · July 20, 2017
The May 2, 2017 bankruptcy filing for Alitalia might be the end of the journey for the troubled Italian flag carrier, but creditors in the U.S., Italy and elsewhere might still have a ticket to recover some claims. Alitalia has now also filed for bankruptcy protection in the U.S. under Chapter 15 of the Bankruptcy Code. Chapter 15 was added

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Maintaining Your Legal Entity Identifier (LEI) Just Got More Invasive

Insight Robin Powers Robin Powers · James Ballard James Ballard · July 17, 2017
Global Market Entity Identifier Utility (GMEI), an LEI issuer, is now requesting information relating to the parents of its registered entities.  The past information collected on an LEI entity, which consisted of self-identifying information, is known as “Level 1 Data.”  The additional information now being requested is

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New California Finance Lender Licensing and Residential Mortgage Lending Act Regulations Effective September 28, 2016: Financial Institution Subsidiaries and Affiliates Now Subject to Licensure!

Insight John R. Mussman John R. Mussman · September 07, 2016
The California Finance Lenders Law exempts banks, thrifts and certain other financial institutions from its licensing requirements imposed on finance lenders and brokers.1 Similarly, the California Residential Mortgage Lending Act exempts banks, trust companies, savings and loan associations and other thrifts2 from its licensing requirements.3

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