Mondaq Most Recent Articles-18 March 2010

Five Tips For Recovering Insurance Coverage For HVP Recalls And Claims Gilbert LLP On March 4, 2010, the U.S. Food and Drug Administration announced that it had identified Salmonella Tennessee in a commonly used food-flavoring ingredient – hydrolyzed vegetable protein ("HVP") – made by Basic Food Flavors Inc.
Patentees May Request Recalculation Of U.S. Patent Terms Torys LLP The United States Patent and Trademark Office (PTO) has released guidelines explaining how patentees of recently issued patents may request the recalculation of the terms of their patents.	Gulf Developers Eye Iraq’s Housing Sector Al Tamimi & Company On 23rd November 2009, Iraq’s Parliament approved the first draft Amendment to Law No 13 of 2006 (the "Investment Law"). The Amendment is designed to encourage applications from foreign developers to invest in and develop new housing projects in Iraq through the availability of land ownership and other incentives.
A New Decade, A New Era In Dispute Resolution In Dubai Al Tamimi & Company Five years since their establishment, the Dubai International Financial Centre (DIFC) Courts have become a prominent feature of the legal landscape in Dubai. This article explores the ground breaking developments and major issues that have dominated the DIFC Courts agenda during the past year.	State Aid Measures For The Real Economy Schönherr Rechtsanwälte While the situation on the financial markets appears to be improving, the full impact of the financial crisis on the real economy is only slowly starting to be felt.
Latin America’s Most Expensive Insured Event Ever? Compliance And Coverage Issues Begin To Emerge As Reinsurers Continue To Estimate Impact Of Chile Earthquake Edwards Angell Palmer & Dodge LLP Even if the insured losses from the Chile earthquake fall in the mid-range of current estimates of between US$ 2 billion and US$ 8 billion, it will outpace Hurricane Wilma as the most expensive insured event in Latin America’s history, according to a release by reinsurance broker Cooper Gay.	Focus Antitrust - 9 March 2010 Charles Russell LLP COMP/M.5754: Alstom Holdings/Areva T&D Transmission activities – manufacture and supply of equipment and services for power generation and rail transport, transmission and distribution of high voltage electrical power.
Proposed Amendments To Romanian Competition Rules – Catching Up With EU Legislation Schönherr Rechtsanwälte The last amendments to Romanian Competition Law No. 21/1996 (RCL) took place in December 2003. Since then, major legal developments at the EU level have not been transposed into Romanian law.	The Competition Watchdog Follows A New Path Schönherr Rechtsanwälte For the last year and a half the Office for Competition and Consumer Protection (OCCP) has been directed by a new president. Great hopes were connected with her nomination, and it seems these expectations were not in vain.
Guernsey Funds Continue To Recover GuernseyFinance Figures issued by the Guernsey Financial Services Commission (GFSC) show that the value of investment funds in Guernsey increased by £2.7bn (1.5%) during the final three months of last year.	Employment Law – Application Of The Implied Anti-Avoidance Term In Hong Kong Angela Wang & Co., In the United Kingdom, there appears to be an emerging trend of recognizing the implied anti-avoidance term in employment contracts.
Guernsey Banking Deposits Show Increased Stability GuernseyFinance Guernsey’s banking sector is in a more positive position than a continuing decline in deposit levels might suggest, according the head of the promotional agency for the Island’s finance industry.	Weekly Climate Change Policy Update - March 15, 2010 Van Ness Feldman President Obama met with a bipartisan group of moderate Senators to survey their asks for climate change legislation . . .
Rising To The Challenge GuernseyFinance During this last year the world has been picking itself up off the floor of the global financial downturn.	QROPS: Which Jurisdiction Ticks All The Boxes? GuernseyFinance With a number of jurisdictions now offering QROPS, David Piesing from Praxis Fiduciaries and Stephen Ward of Premier Pension Solutions assess the relative benefits and which one comes out on top.
Weekly Climate Change Policy Update - March 8, 2010 Van Ness Feldman The Kerry-Graham-Lieberman team floated some elements of their plan: cap-and-trade for the power sector only, with a possible phase-in for industrial facilities, and a potential gasoline tax, with major oil companies advocating that the tax be payable at the pump.	Disputes Arising Under Two Contracts Referred To A Single Adjudicator Fenwick Elliott LLP Story resisted Supablast’s attempts to enforce an adjudicator’s decision on the grounds that the adjudicator did not have jurisdiction to decide the final account dispute as there were two contracts for the works, one for the blasting, painting and scaffolding and another for steelwork.
UAE - More Time To Pay Trade Mark Registration Fees, But Strict Deadlines Now Apply Clyde & Co The UAE has reintroduced a two stage process for trade mark applicants to pay publication and registration fees.	Senator Dodd Releases Revised Financial Regulatory Reform Bill Goodwin Procter LLP Senator Christopher Dodd, the Chairman of the Senate Banking Committee, released a revised version of his comprehensive bill to overhaul the regulation of financial products and services, the Restoring American Financial Stability Act of 2010 (the "Dodd Bill").
Derivatives Regulation In Brazil Walter Stuber Consultoria Jurídica The Brazilian monetary authorities are known worldwide to regulate and supervise the financial sector tightly and unlike other jurisdictions Brazil always adopted a very restrictive approach in the derivatives market.	The Relationship Between Annual Leave And Sick Leave Ashby Cohen Solicitors Ltd Two recent European Court of Justice (ECJ) cases - Stringer v HM Revenue and Customs and Pereda v Madrid Movilidad SA - have clarified the relationship between sick leave and paid annual leave under the European Working Time Directive.
In Anticipation…What Will The Next Six Months Hold For Personal Taxation In The UK? Withers LLP As we move towards the UK Government’s last Budget before the General Election we thought that we would take a look at what the next six months might hold for individual taxpayers.	Building Act reform: A step in the right direction DLA Phillips Fox The Department of Building and Housing (NZ) has recently released a discussion document outlining proposed reforms to the Building Act 2004.
Enterprise bargaining: Restructuring and genuine redundancy: Annual wage review Gadens Lawyers Information on what has been happening in enterprise bargaining; Lessons learned for restructuring and genuine redundancy; and Fair Work Australia annual wage review . . .	Implementation Of Changes To "Competition Act" - Implications For Biotech And Pharma Sector Borden Ladner Gervais LLP There are some important changes to the Competition Act (the "Act") that came into effect on March 12, 2010, that are of particular interest to the biopharmaceutical sector. These changes are briefly summarized below, along with a discussion of practical consequences.
Converting Planning And Construction Brick By Brick Schönherr Rechtsanwälte The legal concept of the right of use of constructible land in Serbia came about as a consequence of the nationalisation of constructible land in the 1950s and 1960s.	Health Canada Releases Final Guidance On Subsequent Entry Biologics Torys LLP Health Canada has released the final version of its guidance document Guidance for Sponsors: Information and Submission Requirements for Subsequent Entry Biologics (SEBs) (Final Guidance), which is an update of the draft guidance released by Health Canada on January 30, 2008 and March 27, 2009 and applies to all pending and future drug submissions for SEBs in Canada.
OSC Staff Urges Companies To Provide Better IFRS Disclosure Torys LLP Staff of the Ontario Securities Commission (OSC) recently conducted a review of the quality of public companies’ disclosures in their MD&A (management’s discussion and analysis) about the impact of the upcoming transition to International Financial Reporting Standards (IFRS).	Compulsory Use Of The Turkish Language In Agreements Executed In Turkey Akdogan \| Uslas Attorneys at Law One who does business in Turkey and reads the above heading may ask himself whether there is such a requirement. Well, the answer is "Yes", but only a few are aware of it.
2010 Canadian Federal Budget Removes Obstacle To Investments By U.S. Equity Investors Burns & Levinson LLP The minority Harper government released its fifth Budget on March 4, 2010 ("Budget 2010").