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Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancy WASTE ENERGY RECOVERY PROPERTY ELIGIBLE FOR INVESTMENT TAX The second US stimulus bill, signed on December 27, 2020, included an amendment to Section 48 of the Internal Revenue Code that expands the existing investment tax credit (“ITC”) program to include waste energy recovery property, allowing certain waste heat to power projects to be eligibGAIL F. LEVINE
Gail Levine is a partner in Mayer Brown's Washington DC office, where she co-leads the firm’s global Antitrust & Competition practice. She joined Mayer Brown from the US Federal Trade Commission’s (FTC) Bureau of Competition, where she served as a deputy director under Chairman Joseph Simons and Acting Chairwoman Rebecca Slaughter.MARCUS A. CHRISTIAN
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyMICHAEL A. SCODRO
Michael A. Scodro is a partner in Mayer Brown's Chicago office and a member of the Supreme Court & Appellate practice. Prior to joining Mayer Brown from another prominent firm, he spent more than six years as the Illinois Solicitor General, where he oversaw the civil and criminal appeals divisions of the Attorney General’s Office, supervising more than 40 attorneys in appeals in which theALAIN FARHAD
Alain Farhad at Mayer Brown is best known for his international arbitration expertise, sitting as an arbitrator as well as appearing as counsel in a range of commercial disputes. He also is active in the DIFC courts. The Legal 500 EMEA 2021 note that Alain 'is exceptionally competent and knowledgeable on disputes concerning construction andDAVID A. CIANCUILLO
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyGINA AIELLO JORDT
Gina Jordt is an associate in Mayer Brown’s Litigation & Dispute Resolution group and a member of the Firm’s Mass Torts & Products Liability practices. Gina’s practice focuses on products liability, mass and toxic torts and complex commercial litigation. Gina has experience in all phases of litigation in state, federal andmultidistrict
CLAIRE GIBSON RAGEN
Claire Ragen is a partner in the Corporate & Securities group who focuses on private investment funds and joint ventures. Claire has broad experience in the formation and structuring of real estate open-end and closed-end funds utilizing a variety of investment structures and investment strategies. Claire also has significantexperience in
MAYER BROWNRESPONDING TO COVID-19PERSPECTIVES & EVENTSMAYER BROWNHONG KONGCHICAGOAARON GAVANT Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyREMOTE ACCESS
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancy WASTE ENERGY RECOVERY PROPERTY ELIGIBLE FOR INVESTMENT TAX The second US stimulus bill, signed on December 27, 2020, included an amendment to Section 48 of the Internal Revenue Code that expands the existing investment tax credit (“ITC”) program to include waste energy recovery property, allowing certain waste heat to power projects to be eligibGAIL F. LEVINE
Gail Levine is a partner in Mayer Brown's Washington DC office, where she co-leads the firm’s global Antitrust & Competition practice. She joined Mayer Brown from the US Federal Trade Commission’s (FTC) Bureau of Competition, where she served as a deputy director under Chairman Joseph Simons and Acting Chairwoman Rebecca Slaughter.MARCUS A. CHRISTIAN
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyMICHAEL A. SCODRO
Michael A. Scodro is a partner in Mayer Brown's Chicago office and a member of the Supreme Court & Appellate practice. Prior to joining Mayer Brown from another prominent firm, he spent more than six years as the Illinois Solicitor General, where he oversaw the civil and criminal appeals divisions of the Attorney General’s Office, supervising more than 40 attorneys in appeals in which theALAIN FARHAD
Alain Farhad at Mayer Brown is best known for his international arbitration expertise, sitting as an arbitrator as well as appearing as counsel in a range of commercial disputes. He also is active in the DIFC courts. The Legal 500 EMEA 2021 note that Alain 'is exceptionally competent and knowledgeable on disputes concerning construction andDAVID A. CIANCUILLO
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyGINA AIELLO JORDT
Gina Jordt is an associate in Mayer Brown’s Litigation & Dispute Resolution group and a member of the Firm’s Mass Torts & Products Liability practices. Gina’s practice focuses on products liability, mass and toxic torts and complex commercial litigation. Gina has experience in all phases of litigation in state, federal andmultidistrict
CLAIRE GIBSON RAGEN
Claire Ragen is a partner in the Corporate & Securities group who focuses on private investment funds and joint ventures. Claire has broad experience in the formation and structuring of real estate open-end and closed-end funds utilizing a variety of investment structures and investment strategies. Claire also has significantexperience in
G7 COMMITS TO MULTI-YEAR EFFORT TO SUPPORT NET-ZERO GLOBAL On June 5, 2021, in their daily communiqué from the G7 UK 2021 meetings, 1 the G7 Finance Ministers and Central Bank Governors made a number of statements regarding climate change.. Stating their support for a global Covid-19 recovery: “We will continue to work together to ensure a strong, sustainable, balanced and inclusive global recovery that builds back better and greener from the Covid NEW EU STANDARD CONTRACTUAL CLAUSES ADOPTED: 18 MONTH Today, 4 June 2021, the European Commission has formally adopted new standard contractual clauses for international personal data transfers from the European Union to third countries ("New EU SCCs").. The 34-page New EU SCCs, which have been adopted to reflect the introduction of the General Data Protection Regulation ("GDPR") and the pending EDPB Recommendations on NORTH CAROLINA, A LITTLE LATE TO EAST COAST OFFSHORE WIND On June 9, 2021, North Carolina Governor Roy Cooper issued Executive Order 218 (NC EO), which targets 2.8 GW of offshore wind (OSW) by 2030 and 8 GW by 2040 and anticipates the creation of 600,000 related jobs and an annual contribution to North Carolina’s economy of $70 billion.. The NC EO follows a 2018 Executive Order and a Memorandum of Understanding (MOU) among North Carolina, PRESIDENT BIDEN SIGNS EXECUTIVE ORDER ON ADDRESSING On Thursday, May 20, 2021, US President Biden signed an Executive Order, entitled “Climate-Related Financial Risk” (Climate Risk EO), that sets the stage for the US federal government, including its financial regulatory agencies, to begin to incorporate climate-risk and other environment WASTE ENERGY RECOVERY PROPERTY ELIGIBLE FOR INVESTMENT TAX The second US stimulus bill, signed on December 27, 2020, included an amendment to Section 48 of the Internal Revenue Code that expands the existing investment tax credit (“ITC”) program to include waste energy recovery property, allowing certain waste heat to power projects to be eligibJON D. VAN GORP
Jon Van Gorp is chair-elect of Mayer Brown. He has served on the firm’s Management Committee since 2017 and previously served as a co-leader of the Banking & Finance, Capital Markets and Structured Finance practices. He has practiced continuously for more than 20 years at Mayer Brown. INFORMAL DRAFT OF EUROPEAN COMMISSION PROPOSAL FOR CARBON What has been announced. On June 3, 2021, a draft of a European Commission (“Commission”) proposal for a regulation on the establishment of a Carbon BorderRICHARD M. ASSMUS
Richard Assmus has a balanced intellectual property transactional and litigation practice. He is also closely involved in strategic IP agreements, intellectual property due diligence, technology, content and trademark licensing, brand management, copyright counseling, and advertising counseling. Richard utilizes his background in science andDAVID A. CIANCUILLO
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancy EVOLVING US SUPREME COURT ENVIRONMENTAL LAW The Supreme Court’s latest term brought a series of decisions greatly impacting the development of environmental law. Please join Mayer Brown Supreme Court & Appellate and Environmental lawyers Timothy Bishop and Colleen Campbell as they review the MAYER BROWNRESPONDING TO COVID-19PERSPECTIVES & EVENTSMAYER BROWNHONG KONGCHICAGOAARON GAVANT Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyREMOTE ACCESS
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancy RAJESH DE | PEOPLE | MAYER BROWN May/June 2021. Raj De: A Steady Hand in Times of Crisis. The Washington Lawyer. March 29. 2021. Mayer Brown honored as “Champion for Children” by Children’s Law Center for fourth consecutive year. February 26. 2021. Mayer Brown partner Raj De named to Washingtonian’s 2021 list of “Washington’s Most InfluentialPeople”.
GAIL F. LEVINE
Gail Levine is a partner in Mayer Brown's Washington DC office, where she co-leads the firm’s global Antitrust & Competition practice. She joined Mayer Brown from the US Federal Trade Commission’s (FTC) Bureau of Competition, where she served as a deputy director under Chairman Joseph Simons and Acting Chairwoman Rebecca Slaughter.MARCUS A. CHRISTIAN
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyRICHARD M. ASSMUS
Richard Assmus has a balanced intellectual property transactional and litigation practice. He is also closely involved in strategic IP agreements, intellectual property due diligence, technology, content and trademark licensing, brand management, copyright counseling, and advertising counseling. Richard utilizes his background in science andGREG MATLOCK
Greg Matlock is a partner in Mayer Brown's Houston office and a member of the Tax Transactions & Consulting practice. He serves as a global co-leader of the Tax-Energy group, and he also leads Mayer Brown’s tax efforts regarding the energy transition for traditional natural resource based businesses, including carbon capture use and sequestration (and Section 45Q), waste-to-energy, hydrogenMATTHEW D. INGBER
A three-time Law360 "MVP," an American Lawyer "Litigator of the Week" and a National Law Journal "Litigation Trailblazer," Matthew Ingber is Managing Partner of Mayer Brown’s New York office, where he has practiced for more than 20 years. Matthew previously served as a co-leader of the firm’s global Litigation & Dispute Resolution and global Banking & Finance Litigation practices.ANNA T. PINEDO
Anna T. Pinedo. Anna Pinedo is a partner in Mayer Brown’s New York office and co-leader of the Global Capital Markets practice. She concentrates her practice on securities and derivatives. Anna represents issuers, investment banks/financial intermediaries and investors in financing transactions, including public offerings andprivate
VERONICA R. GLICK
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancy MAYER BROWNRESPONDING TO COVID-19PERSPECTIVES & EVENTSMAYER BROWNHONG KONGCHICAGOAARON GAVANT Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyREMOTE ACCESS
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancy RAJESH DE | PEOPLE | MAYER BROWN May/June 2021. Raj De: A Steady Hand in Times of Crisis. The Washington Lawyer. March 29. 2021. Mayer Brown honored as “Champion for Children” by Children’s Law Center for fourth consecutive year. February 26. 2021. Mayer Brown partner Raj De named to Washingtonian’s 2021 list of “Washington’s Most InfluentialPeople”.
GAIL F. LEVINE
Gail Levine is a partner in Mayer Brown's Washington DC office, where she co-leads the firm’s global Antitrust & Competition practice. She joined Mayer Brown from the US Federal Trade Commission’s (FTC) Bureau of Competition, where she served as a deputy director under Chairman Joseph Simons and Acting Chairwoman Rebecca Slaughter.MARCUS A. CHRISTIAN
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyRICHARD M. ASSMUS
Richard Assmus has a balanced intellectual property transactional and litigation practice. He is also closely involved in strategic IP agreements, intellectual property due diligence, technology, content and trademark licensing, brand management, copyright counseling, and advertising counseling. Richard utilizes his background in science andGREG MATLOCK
Greg Matlock is a partner in Mayer Brown's Houston office and a member of the Tax Transactions & Consulting practice. He serves as a global co-leader of the Tax-Energy group, and he also leads Mayer Brown’s tax efforts regarding the energy transition for traditional natural resource based businesses, including carbon capture use and sequestration (and Section 45Q), waste-to-energy, hydrogenMATTHEW D. INGBER
A three-time Law360 "MVP," an American Lawyer "Litigator of the Week" and a National Law Journal "Litigation Trailblazer," Matthew Ingber is Managing Partner of Mayer Brown’s New York office, where he has practiced for more than 20 years. Matthew previously served as a co-leader of the firm’s global Litigation & Dispute Resolution and global Banking & Finance Litigation practices.ANNA T. PINEDO
Anna T. Pinedo. Anna Pinedo is a partner in Mayer Brown’s New York office and co-leader of the Global Capital Markets practice. She concentrates her practice on securities and derivatives. Anna represents issuers, investment banks/financial intermediaries and investors in financing transactions, including public offerings andprivate
VERONICA R. GLICK
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyREMOTE ACCESS
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancy QUARANTINE EXEMPTIONS AND COVID-19 VACCINATIONS FOR THE Last week, the Hong Kong Monetary Authority, Securities and Futures Commission and Insurance Authority issued circulars setting out quarantine exemptions for certain individuals and encouraging vaccination of licensed individuals and other staff of regulatedentities.
CRYPTOCURRENCY
At the Crossroads: CFTC and DOJ Enforcement is a video weekly series hosted by Matt and Glen. Each episode, they discuss a topic at the intersection of enforcement by the CFTC and the DOJ. The goal: to help legal and compliance departments protect their organizations in an increasingly rigorous regu UPDATE ON FHFA’S REQUEST FOR INPUT ON CLIMATE CHANGE AND Earlier this year, the US Federal Housing Finance Agency (“FHFA”) issued a Request for Input (“RFI”) on the risks of climate change and natural disasters to the national housing finance markets. 1 As we discussed in our prior Legal Update, the RFI posed 25 questions on how FHFA can best identify, assess and respond to those risks for the entities FHFA regulates (Fannie Mae, Freddie MacRICHARD M. ASSMUS
Richard Assmus has a balanced intellectual property transactional and litigation practice. He is also closely involved in strategic IP agreements, intellectual property due diligence, technology, content and trademark licensing, brand management, copyright counseling, and advertising counseling. Richard utilizes his background in science and FHA ISSUES GUIDANCE ON ELIGIBILITY OF DACA RECIPIENTS As we detailed in our prior Legal Update, on January 19, 2021, the FHA expanded eligibility to apply for FHA-insured mortgages to individuals residing in the United States under the DACA program by waiving certain FHA Handbook requirements. On May 28, 2021, the FHA published Mortgagee Letter 2021-12, which clarifies FHA’s existing eligibility requirements for DACA participants and other non SOUTH KOREA MOVES CLOSER TO QUALIFIED JURISDICTION STATUS Last week, the Reinsurance (E) Task Force (“Task Force”) of the National Association of Insurance Commissioners (“NAIC”) exposed for public comment the Final Evaluation Report of the Mutual Recognition of Jurisdictions (E) Working Group (“Working Group”) recommending that the NAIC recognize South Korea, officially known as the Republic of Korea, as a Qualified Jurisdiction and EVOLVING US SUPREME COURT ENVIRONMENTAL LAW The Supreme Court’s latest term brought a series of decisions greatly impacting the development of environmental law. Please join Mayer Brown Supreme Court & Appellate and Environmental lawyers Timothy Bishop and Colleen Campbell as they review the US INVESTMENT BAN TARGETING COMPANIES DEEMED LINKED TO A new executive order (the “EO”) signed by President Biden on June 3, 2021, amends existing prohibitions on US investments in companies that the US government has determined support the military of the People’s Republic of China (“PRC”). INFORMAL DRAFT OF EUROPEAN COMMISSION PROPOSAL FOR CARBON What has been announced. On June 3, 2021, a draft of a European Commission (“Commission”) proposal for a regulation on the establishment of a Carbon Border MAYER BROWNRESPONDING TO COVID-19PERSPECTIVES & EVENTSMAYER BROWNHONG KONGCHICAGOAARON GAVANT Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyREMOTE ACCESS
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancy RAJESH DE | PEOPLE | MAYER BROWN May/June 2021. Raj De: A Steady Hand in Times of Crisis. The Washington Lawyer. March 29. 2021. Mayer Brown honored as “Champion for Children” by Children’s Law Center for fourth consecutive year. February 26. 2021. Mayer Brown partner Raj De named to Washingtonian’s 2021 list of “Washington’s Most InfluentialPeople”.
GAIL F. LEVINE
Gail Levine is a partner in Mayer Brown's Washington DC office, where she co-leads the firm’s global Antitrust & Competition practice. She joined Mayer Brown from the US Federal Trade Commission’s (FTC) Bureau of Competition, where she served as a deputy director under Chairman Joseph Simons and Acting Chairwoman Rebecca Slaughter.MARCUS A. CHRISTIAN
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyMICHAEL A. SCODRO
Michael A. Scodro is a partner in Mayer Brown's Chicago office and a member of the Supreme Court & Appellate practice. Prior to joining Mayer Brown from another prominent firm, he spent more than six years as the Illinois Solicitor General, where he oversaw the civil and criminal appeals divisions of the Attorney General’s Office, supervising more than 40 attorneys in appeals in which theMATTHEW D. INGBER
A three-time Law360 "MVP," an American Lawyer "Litigator of the Week" and a National Law Journal "Litigation Trailblazer," Matthew Ingber is Managing Partner of Mayer Brown’s New York office, where he has practiced for more than 20 years. Matthew previously served as a co-leader of the firm’s global Litigation & Dispute Resolution and global Banking & Finance Litigation practices.RICHARD M. ASSMUS
Richard Assmus has a balanced intellectual property transactional and litigation practice. He is also closely involved in strategic IP agreements, intellectual property due diligence, technology, content and trademark licensing, brand management, copyright counseling, and advertising counseling. Richard utilizes his background in science andANNA T. PINEDO
Anna T. Pinedo. Anna Pinedo is a partner in Mayer Brown’s New York office and co-leader of the Global Capital Markets practice. She concentrates her practice on securities and derivatives. Anna represents issuers, investment banks/financial intermediaries and investors in financing transactions, including public offerings andprivate
VERONICA R. GLICK
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancy MAYER BROWNRESPONDING TO COVID-19PERSPECTIVES & EVENTSMAYER BROWNHONG KONGCHICAGOAARON GAVANT Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyREMOTE ACCESS
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancy RAJESH DE | PEOPLE | MAYER BROWN May/June 2021. Raj De: A Steady Hand in Times of Crisis. The Washington Lawyer. March 29. 2021. Mayer Brown honored as “Champion for Children” by Children’s Law Center for fourth consecutive year. February 26. 2021. Mayer Brown partner Raj De named to Washingtonian’s 2021 list of “Washington’s Most InfluentialPeople”.
GAIL F. LEVINE
Gail Levine is a partner in Mayer Brown's Washington DC office, where she co-leads the firm’s global Antitrust & Competition practice. She joined Mayer Brown from the US Federal Trade Commission’s (FTC) Bureau of Competition, where she served as a deputy director under Chairman Joseph Simons and Acting Chairwoman Rebecca Slaughter.MARCUS A. CHRISTIAN
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyMICHAEL A. SCODRO
Michael A. Scodro is a partner in Mayer Brown's Chicago office and a member of the Supreme Court & Appellate practice. Prior to joining Mayer Brown from another prominent firm, he spent more than six years as the Illinois Solicitor General, where he oversaw the civil and criminal appeals divisions of the Attorney General’s Office, supervising more than 40 attorneys in appeals in which theMATTHEW D. INGBER
A three-time Law360 "MVP," an American Lawyer "Litigator of the Week" and a National Law Journal "Litigation Trailblazer," Matthew Ingber is Managing Partner of Mayer Brown’s New York office, where he has practiced for more than 20 years. Matthew previously served as a co-leader of the firm’s global Litigation & Dispute Resolution and global Banking & Finance Litigation practices.RICHARD M. ASSMUS
Richard Assmus has a balanced intellectual property transactional and litigation practice. He is also closely involved in strategic IP agreements, intellectual property due diligence, technology, content and trademark licensing, brand management, copyright counseling, and advertising counseling. Richard utilizes his background in science andANNA T. PINEDO
Anna T. Pinedo. Anna Pinedo is a partner in Mayer Brown’s New York office and co-leader of the Global Capital Markets practice. She concentrates her practice on securities and derivatives. Anna represents issuers, investment banks/financial intermediaries and investors in financing transactions, including public offerings andprivate
VERONICA R. GLICK
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyREMOTE ACCESS
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancySOCIAL IMPACT
Mayer Brown makes a real difference to the communities in which it operates. Our Mission Statement. Through our Social Impact program we offer our skills, experience, time and philanthropic support to our local communities and global networks. UPDATE ON FHFA’S REQUEST FOR INPUT ON CLIMATE CHANGE AND Earlier this year, the US Federal Housing Finance Agency (“FHFA”) issued a Request for Input (“RFI”) on the risks of climate change and natural disasters to the national housing finance markets. 1 As we discussed in our prior Legal Update, the RFI posed 25 questions on how FHFA can best identify, assess and respond to those risks for the entities FHFA regulates (Fannie Mae, Freddie Mac FHA ISSUES GUIDANCE ON ELIGIBILITY OF DACA RECIPIENTS As we detailed in our prior Legal Update, on January 19, 2021, the FHA expanded eligibility to apply for FHA-insured mortgages to individuals residing in the United States under the DACA program by waiving certain FHA Handbook requirements. On May 28, 2021, the FHA published Mortgagee Letter 2021-12, which clarifies FHA’s existing eligibility requirements for DACA participants and other nonESG ON THE RISE
An article on the rise of ESG-related litigation in the UK. WHAT WE’RE READING THIS WEEK 1 day ago · Business Insider reports that the U.S. economy added 559,000 new jobs in May, a rate of job creation that, if maintained, will take another 15 months for U.S. jobs to surpass the pre-pandemic peak. While labor shortages have emerged as an issue, economists predict that such shortages are likely to fade away as new school year starts, unemployment benefits expire, and vaccination effortscontinue.
EUROPE DAILY NEWS, 10 JUNE 2021 EU CORONAVIRUS RESPONSE. HEALTH. Commission Implementing Regulation (EU) 2021/933 of 9 June 2021 derogating from Implementing Regulation (EU) 2017/39 as regards certain measures to address the crisis caused by the COVID-19 pandemic; Regulation of the European Parliament and of the Council on a framework for the issuance, verification andacceptance of
CONSULTATION ON NEW RESIDENTIAL PROPERTY DEVELOPER TAX The Government is consulting on the design of the new Residential Property Developer Tax, ahead of its inclusion in the 2021-22 Finance Bill. The tax is one of two revenue raising measures to help pay for the Government contribution to the costs of remediation of unsafecladding.
US INVESTMENT BAN TARGETING COMPANIES DEEMED LINKED TO A new executive order (the “EO”) signed by President Biden on June 3, 2021, amends existing prohibitions on US investments in companies that the US government has determined support the military of the People’s Republic of China (“PRC”). EVOLVING US SUPREME COURT ENVIRONMENTAL LAW The Supreme Court’s latest term brought a series of decisions greatly impacting the development of environmental law. Please join Mayer Brown Supreme Court & Appellate and Environmental lawyers Timothy Bishop and Colleen Campbell as they review the MAYER BROWNRESPONDING TO COVID-19PERSPECTIVES & EVENTSMAYER BROWNHONG KONGCHICAGOAARON GAVANT Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyREMOTE ACCESS
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancy WASTE ENERGY RECOVERY PROPERTY ELIGIBLE FOR INVESTMENT TAX The second US stimulus bill, signed on December 27, 2020, included an amendment to Section 48 of the Internal Revenue Code that expands the existing investment tax credit (“ITC”) program to include waste energy recovery property, allowing certain waste heat to power projects to be eligibMARCUS A. CHRISTIAN
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyGAIL F. LEVINE
Gail Levine is a partner in Mayer Brown's Washington DC office, where she co-leads the firm’s global Antitrust & Competition practice. She joined Mayer Brown from the US Federal Trade Commission’s (FTC) Bureau of Competition, where she served as a deputy director under Chairman Joseph Simons and Acting Chairwoman Rebecca Slaughter.MICHAEL A. SCODRO
Michael A. Scodro is a partner in Mayer Brown's Chicago office and a member of the Supreme Court & Appellate practice. Prior to joining Mayer Brown from another prominent firm, he spent more than six years as the Illinois Solicitor General, where he oversaw the civil and criminal appeals divisions of the Attorney General’s Office, supervising more than 40 attorneys in appeals in which theSTUART M. LITWIN
Stuart M. Litwin is a partner and co-head of the Structured Finance practice at Mayer Brown LLP. Stuart also co-heads Mayer Brown’s Capital Markets practice. Stuart is one of the leading and most experienced lawyers in the United States in the representation of originators, investment banks, marketplace platforms, warehouselenders
DAVID A. CIANCUILLO
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancy CAROL A. HITSELBERGER Carol Hitselberger is co-leader of Mayer Brown’s Banking & Finance practice, and focuses her practice in the structured finance area. She spends significant time on accounting and regulatory developments that impact the structured finance industry. Carol is a member of the Structured Finance Association, the structured finance industry’sVERONICA R. GLICK
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancy MAYER BROWNRESPONDING TO COVID-19PERSPECTIVES & EVENTSMAYER BROWNHONG KONGCHICAGOAARON GAVANT Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyREMOTE ACCESS
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancy WASTE ENERGY RECOVERY PROPERTY ELIGIBLE FOR INVESTMENT TAX The second US stimulus bill, signed on December 27, 2020, included an amendment to Section 48 of the Internal Revenue Code that expands the existing investment tax credit (“ITC”) program to include waste energy recovery property, allowing certain waste heat to power projects to be eligibMARCUS A. CHRISTIAN
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyGAIL F. LEVINE
Gail Levine is a partner in Mayer Brown's Washington DC office, where she co-leads the firm’s global Antitrust & Competition practice. She joined Mayer Brown from the US Federal Trade Commission’s (FTC) Bureau of Competition, where she served as a deputy director under Chairman Joseph Simons and Acting Chairwoman Rebecca Slaughter.MICHAEL A. SCODRO
Michael A. Scodro is a partner in Mayer Brown's Chicago office and a member of the Supreme Court & Appellate practice. Prior to joining Mayer Brown from another prominent firm, he spent more than six years as the Illinois Solicitor General, where he oversaw the civil and criminal appeals divisions of the Attorney General’s Office, supervising more than 40 attorneys in appeals in which theSTUART M. LITWIN
Stuart M. Litwin is a partner and co-head of the Structured Finance practice at Mayer Brown LLP. Stuart also co-heads Mayer Brown’s Capital Markets practice. Stuart is one of the leading and most experienced lawyers in the United States in the representation of originators, investment banks, marketplace platforms, warehouselenders
DAVID A. CIANCUILLO
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancy CAROL A. HITSELBERGER Carol Hitselberger is co-leader of Mayer Brown’s Banking & Finance practice, and focuses her practice in the structured finance area. She spends significant time on accounting and regulatory developments that impact the structured finance industry. Carol is a member of the Structured Finance Association, the structured finance industry’sVERONICA R. GLICK
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancy CARL RISCH, FORMER ASSISTANT SECRETARY OF STATE FOR Mayer Brown announced today that Carl Risch, a highly regarded immigration, nationality and visa lawyer, has joined the firm as a partner in the Global Mobility & Migration practice in Washington DC. Mr. Risch is the former Assistant Secretary of State for Consular Affairs, where he managed the worldwide visa and passport function for the United States (US) government. NEW EU STANDARD CONTRACTUAL CLAUSES ADOPTED: 18 MONTH Today, 4 June 2021, the European Commission has formally adopted new standard contractual clauses for international personal data transfers from the European Union to third countries ("New EU SCCs").. The 34-page New EU SCCs, which have been adopted to reflect the introduction of the General Data Protection Regulation ("GDPR") and the pending EDPB Recommendations onSOCIAL IMPACT
Mayer Brown makes a real difference to the communities in which it operates. Our Mission Statement. Through our Social Impact program we offer our skills, experience, time and philanthropic support to our local communities and global networks. QUARANTINE EXEMPTIONS AND COVID-19 VACCINATIONS FOR THE Last week, the Hong Kong Monetary Authority, Securities and Futures Commission and Insurance Authority issued circulars setting out quarantine exemptions for certain individuals and encouraging vaccination of licensed individuals and other staff of regulatedentities.
7TH OTC DERIVATIVES SEMINAR Our annual OTC Derivatives Seminar continues for a second year in webinar form. We hope that next time we can see you in person again. This year, we offer you the opportunity to participate in an interactive seminar, structured as a series of four quick sessions.JON D. VAN GORP
Jon Van Gorp is chair-elect of Mayer Brown. He has served on the firm’s Management Committee since 2017 and previously served as a co-leader of the Banking & Finance, Capital Markets and Structured Finance practices. He has practiced continuously for more than 20 years at Mayer Brown.GREG MATLOCK
Greg Matlock is a partner in Mayer Brown's Houston office and a member of the Tax Transactions & Consulting practice. He serves as a global co-leader of the Tax-Energy group, and he also leads Mayer Brown’s tax efforts regarding the energy transition for traditional natural resource based businesses, including carbon capture use and sequestration (and Section 45Q), waste-to-energy, hydrogen WHAT TO EXPECT IN COMMERCIAL AND SMALL BUSINESS LENDING Regulation of various forms of commercial financing remains a priority for state legislatures and regulators in 2021, as small business lenders (and other providers of commercial financing to small businesses) find themselves potentially subject to new state laws and increased regulatory scrutiny. TREAL ESTATE FINANCE
Will a return to normalcy for delinquent mortgagors necessarily mean a rapid return to home foreclosures? That is the question that the Consumer Financial Protection Bureau (the “CFPB”) is trying to answer in the negative in its proposed amendments to the default servicing regulations that are part of Regulation X under the Real Estate Settlement Procedures Act (“RESPA”); the comment CONNECTING VIETNAM'S CAPITAL MARKETS WITH THE WORLD: C David Harrison, our corporate & securities partner in Vietnam, was invited by Steven Brown to Mirae Asset Finance Company Limited (Vietnam) 's Smart Money "Connecting Vietnam's Capital Markets with the World: C-Suite and Corporate Dialogue” to discuss the recent legal developments in the Vietnam capital markets regime, including the new Securities Law (effective 1 Jan 2021), Circular 03 MAYER BROWNRESPONDING TO COVID-19PERSPECTIVES & EVENTSMAYER BROWNHONG KONGCHICAGOAARON GAVANT Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyREMOTE ACCESS
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancy WASTE ENERGY RECOVERY PROPERTY ELIGIBLE FOR INVESTMENT TAX The second US stimulus bill, signed on December 27, 2020, included an amendment to Section 48 of the Internal Revenue Code that expands the existing investment tax credit (“ITC”) program to include waste energy recovery property, allowing certain waste heat to power projects to be eligibMARCUS A. CHRISTIAN
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyGAIL F. LEVINE
Gail Levine is a partner in Mayer Brown's Washington DC office, where she co-leads the firm’s global Antitrust & Competition practice. She joined Mayer Brown from the US Federal Trade Commission’s (FTC) Bureau of Competition, where she served as a deputy director under Chairman Joseph Simons and Acting Chairwoman Rebecca Slaughter.MICHAEL A. SCODRO
Michael A. Scodro is a partner in Mayer Brown's Chicago office and a member of the Supreme Court & Appellate practice. Prior to joining Mayer Brown from another prominent firm, he spent more than six years as the Illinois Solicitor General, where he oversaw the civil and criminal appeals divisions of the Attorney General’s Office, supervising more than 40 attorneys in appeals in which theSTUART M. LITWIN
Stuart M. Litwin is a partner and co-head of the Structured Finance practice at Mayer Brown LLP. Stuart also co-heads Mayer Brown’s Capital Markets practice. Stuart is one of the leading and most experienced lawyers in the United States in the representation of originators, investment banks, marketplace platforms, warehouselenders
DAVID A. CIANCUILLO
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancy CAROL A. HITSELBERGER Carol Hitselberger is co-leader of Mayer Brown’s Banking & Finance practice, and focuses her practice in the structured finance area. She spends significant time on accounting and regulatory developments that impact the structured finance industry. Carol is a member of the Structured Finance Association, the structured finance industry’sVERONICA R. GLICK
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancy MAYER BROWNRESPONDING TO COVID-19PERSPECTIVES & EVENTSMAYER BROWNHONG KONGCHICAGOAARON GAVANT Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyREMOTE ACCESS
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancy WASTE ENERGY RECOVERY PROPERTY ELIGIBLE FOR INVESTMENT TAX The second US stimulus bill, signed on December 27, 2020, included an amendment to Section 48 of the Internal Revenue Code that expands the existing investment tax credit (“ITC”) program to include waste energy recovery property, allowing certain waste heat to power projects to be eligibMARCUS A. CHRISTIAN
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyGAIL F. LEVINE
Gail Levine is a partner in Mayer Brown's Washington DC office, where she co-leads the firm’s global Antitrust & Competition practice. She joined Mayer Brown from the US Federal Trade Commission’s (FTC) Bureau of Competition, where she served as a deputy director under Chairman Joseph Simons and Acting Chairwoman Rebecca Slaughter.MICHAEL A. SCODRO
Michael A. Scodro is a partner in Mayer Brown's Chicago office and a member of the Supreme Court & Appellate practice. Prior to joining Mayer Brown from another prominent firm, he spent more than six years as the Illinois Solicitor General, where he oversaw the civil and criminal appeals divisions of the Attorney General’s Office, supervising more than 40 attorneys in appeals in which theSTUART M. LITWIN
Stuart M. Litwin is a partner and co-head of the Structured Finance practice at Mayer Brown LLP. Stuart also co-heads Mayer Brown’s Capital Markets practice. Stuart is one of the leading and most experienced lawyers in the United States in the representation of originators, investment banks, marketplace platforms, warehouselenders
DAVID A. CIANCUILLO
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancy CAROL A. HITSELBERGER Carol Hitselberger is co-leader of Mayer Brown’s Banking & Finance practice, and focuses her practice in the structured finance area. She spends significant time on accounting and regulatory developments that impact the structured finance industry. Carol is a member of the Structured Finance Association, the structured finance industry’sVERONICA R. GLICK
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancy CARL RISCH, FORMER ASSISTANT SECRETARY OF STATE FOR Mayer Brown announced today that Carl Risch, a highly regarded immigration, nationality and visa lawyer, has joined the firm as a partner in the Global Mobility & Migration practice in Washington DC. Mr. Risch is the former Assistant Secretary of State for Consular Affairs, where he managed the worldwide visa and passport function for the United States (US) government. NEW EU STANDARD CONTRACTUAL CLAUSES ADOPTED: 18 MONTH Today, 4 June 2021, the European Commission has formally adopted new standard contractual clauses for international personal data transfers from the European Union to third countries ("New EU SCCs").. The 34-page New EU SCCs, which have been adopted to reflect the introduction of the General Data Protection Regulation ("GDPR") and the pending EDPB Recommendations onSOCIAL IMPACT
Mayer Brown makes a real difference to the communities in which it operates. Our Mission Statement. Through our Social Impact program we offer our skills, experience, time and philanthropic support to our local communities and global networks. QUARANTINE EXEMPTIONS AND COVID-19 VACCINATIONS FOR THE Last week, the Hong Kong Monetary Authority, Securities and Futures Commission and Insurance Authority issued circulars setting out quarantine exemptions for certain individuals and encouraging vaccination of licensed individuals and other staff of regulatedentities.
JON D. VAN GORP
Jon Van Gorp is chair-elect of Mayer Brown. He has served on the firm’s Management Committee since 2017 and previously served as a co-leader of the Banking & Finance, Capital Markets and Structured Finance practices. He has practiced continuously for more than 20 years at Mayer Brown.GREG MATLOCK
Greg Matlock is a partner in Mayer Brown's Houston office and a member of the Tax Transactions & Consulting practice. He serves as a global co-leader of the Tax-Energy group, and he also leads Mayer Brown’s tax efforts regarding the energy transition for traditional natural resource based businesses, including carbon capture use and sequestration (and Section 45Q), waste-to-energy, hydrogen WHAT TO EXPECT IN COMMERCIAL AND SMALL BUSINESS LENDING Regulation of various forms of commercial financing remains a priority for state legislatures and regulators in 2021, as small business lenders (and other providers of commercial financing to small businesses) find themselves potentially subject to new state laws and increased regulatory scrutiny. TREAL ESTATE FINANCE
Will a return to normalcy for delinquent mortgagors necessarily mean a rapid return to home foreclosures? That is the question that the Consumer Financial Protection Bureau (the “CFPB”) is trying to answer in the negative in its proposed amendments to the default servicing regulations that are part of Regulation X under the Real Estate Settlement Procedures Act (“RESPA”); the comment CONNECTING VIETNAM'S CAPITAL MARKETS WITH THE WORLD: C David Harrison, our corporate & securities partner in Vietnam, was invited by Steven Brown to Mirae Asset Finance Company Limited (Vietnam) 's Smart Money "Connecting Vietnam's Capital Markets with the World: C-Suite and Corporate Dialogue” to discuss the recent legal developments in the Vietnam capital markets regime, including the new Securities Law (effective 1 Jan 2021), Circular 03 EUROPE DAILY NEWS, 08 JUNE 2021 EU CORONAVIRUS RESPONSE . SECURITY. COVID-19: Council approves conclusions on the impact of the pandemic on internal security and terrorist threat; ECONOMY. Speech by President von der Leyen at the EP Plenary on the EP's scrutiny on the ongoing assessment by the Commission and the Council of the national recovery and resilience plans; COMPETITION. Non-opposition to a notified MAYER BROWNRESPONDING TO COVID-19PERSPECTIVES & EVENTSMAYER BROWNHONG KONGCHICAGOAARON GAVANT Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyREMOTE ACCESS
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyMARCUS A. CHRISTIAN
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyGAIL F. LEVINE
Gail Levine is a partner in Mayer Brown's Washington DC office, where she co-leads the firm’s global Antitrust & Competition practice. She joined Mayer Brown from the US Federal Trade Commission’s (FTC) Bureau of Competition, where she served as a deputy director under Chairman Joseph Simons and Acting Chairwoman Rebecca Slaughter.MICHAEL A. SCODRO
Michael A. Scodro is a partner in Mayer Brown's Chicago office and a member of the Supreme Court & Appellate practice. Prior to joining Mayer Brown from another prominent firm, he spent more than six years as the Illinois Solicitor General, where he oversaw the civil and criminal appeals divisions of the Attorney General’s Office, supervising more than 40 attorneys in appeals in which theRICHARD M. ASSMUS
Richard Assmus has a balanced intellectual property transactional and litigation practice. He is also closely involved in strategic IP agreements, intellectual property due diligence, technology, content and trademark licensing, brand management, copyright counseling, and advertising counseling. Richard utilizes his background in science andVERONICA R. GLICK
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyRONALD M. SHOSS
Ronald (Ronny) M. Shoss is a partner in Mayer Brown’s Real Estate practice. He has a widely diversified practice representing institutional owners of real estate throughout the United States and has established a national office and industrial leasing practice. HOLLY SPENCER BUNTING Holly Spencer Bunting is a partner in Mayer Brown’s Washington DC office and a member of the Consumer Financial Services group. She practices in the areas of residential mortgage banking and consumer finance and concentrates on issues of federal andMAUREEN J. GORMAN
Maureen Gorman is a partner in the Palo Alto office of Mayer Brown who focuses on executive compensation and employee benefits matters. Her work includes advising on tax and benefit issues in both domestic and international contexts, counseling on ERISA fiduciary issues, controversy work involving IRS and DOL audits, and all nature of transactional work, including de-risking transactions MAYER BROWNRESPONDING TO COVID-19PERSPECTIVES & EVENTSMAYER BROWNHONG KONGCHICAGOAARON GAVANT Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyREMOTE ACCESS
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyMARCUS A. CHRISTIAN
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyGAIL F. LEVINE
Gail Levine is a partner in Mayer Brown's Washington DC office, where she co-leads the firm’s global Antitrust & Competition practice. She joined Mayer Brown from the US Federal Trade Commission’s (FTC) Bureau of Competition, where she served as a deputy director under Chairman Joseph Simons and Acting Chairwoman Rebecca Slaughter.MICHAEL A. SCODRO
Michael A. Scodro is a partner in Mayer Brown's Chicago office and a member of the Supreme Court & Appellate practice. Prior to joining Mayer Brown from another prominent firm, he spent more than six years as the Illinois Solicitor General, where he oversaw the civil and criminal appeals divisions of the Attorney General’s Office, supervising more than 40 attorneys in appeals in which theRICHARD M. ASSMUS
Richard Assmus has a balanced intellectual property transactional and litigation practice. He is also closely involved in strategic IP agreements, intellectual property due diligence, technology, content and trademark licensing, brand management, copyright counseling, and advertising counseling. Richard utilizes his background in science andVERONICA R. GLICK
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyRONALD M. SHOSS
Ronald (Ronny) M. Shoss is a partner in Mayer Brown’s Real Estate practice. He has a widely diversified practice representing institutional owners of real estate throughout the United States and has established a national office and industrial leasing practice. HOLLY SPENCER BUNTING Holly Spencer Bunting is a partner in Mayer Brown’s Washington DC office and a member of the Consumer Financial Services group. She practices in the areas of residential mortgage banking and consumer finance and concentrates on issues of federal andMAUREEN J. GORMAN
Maureen Gorman is a partner in the Palo Alto office of Mayer Brown who focuses on executive compensation and employee benefits matters. Her work includes advising on tax and benefit issues in both domestic and international contexts, counseling on ERISA fiduciary issues, controversy work involving IRS and DOL audits, and all nature of transactional work, including de-risking transactionsSOCIAL IMPACT
Mayer Brown makes a real difference to the communities in which it operates. Our Mission Statement. Through our Social Impact program we offer our skills, experience, time and philanthropic support to our local communities and global networks. NEW EU STANDARD CONTRACTUAL CLAUSES ADOPTED: 18 MONTH Today, 4 June 2021, the European Commission has formally adopted new standard contractual clauses for international personal data transfers from the European Union to third countries ("New EU SCCs").. The 34-page New EU SCCs, which have been adopted to reflect the introduction of the General Data Protection Regulation ("GDPR") and the pending EDPB Recommendations on IBOR TRANSITION DIGEST THOUGHT LEADERSHIP. 2021 Structured Products Legal, Regulatory and Market Briefing Structured Products Association, 13 May 2021 Industry leaders, including Mayer Brown attorneys, speak on the latest legal, regulatory and market developments in the structured products market, including an update on LIBOR transition, ARRC developments, the ISDA IBOR Protocol, and New York State LIBOR RAJESH DE | PEOPLE | MAYER BROWN May/June 2021. Raj De: A Steady Hand in Times of Crisis. The Washington Lawyer. March 29. 2021. Mayer Brown honored as “Champion for Children” by Children’s Law Center for fourth consecutive year. February 26. 2021. Mayer Brown partner Raj De named to Washingtonian’s 2021 list of “Washington’s Most InfluentialPeople”.
QUARANTINE EXEMPTIONS AND COVID-19 VACCINATIONS FOR THE Last week, the Hong Kong Monetary Authority, Securities and Futures Commission and Insurance Authority issued circulars setting out quarantine exemptions for certain individuals and encouraging vaccination of licensed individuals and other staff of regulatedentities.
MALI COUP AND BUSINESS CONTINUITY Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancy SLURP: INVESTORS GOBBLE UP INDOFOOD’S DEBUT BONDS Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancy CAROL A. HITSELBERGER Carol Hitselberger is co-leader of Mayer Brown’s Banking & Finance practice, and focuses her practice in the structured finance area. She spends significant time on accounting and regulatory developments that impact the structured finance industry. Carol is a member of the Structured Finance Association, the structured finance industry’s EUROPEAN COMMISSION CLARIFIES OBLIGATIONS OF FINANCIAL On May 27, 2021, the European Commission adopted an opinion on changes to the features of frozen funds (“Opinion”). The Opinion clarifies the extent to which financial institutions can change the character and location of frozen funds that they hold on behalf of individualsor entities s
BRADLEY A. COHEN
Brad Cohen is an associate in Mayer Brown's New York office and a member of the Litigation & Dispute Resolution practice. His practice focuses on advising corporate entities, including domestic and non-US financial institutions, on compliance and enforcement matters, regulatory investigations, and banking and financial services-relatedlitigation.
MAYER BROWNRESPONDING TO COVID-19PERSPECTIVES & EVENTSMAYER BROWNHONG KONGCHICAGOAARON GAVANT Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyREMOTE ACCESS
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyMARCUS A. CHRISTIAN
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyGAIL F. LEVINE
Gail Levine is a partner in Mayer Brown's Washington DC office, where she co-leads the firm’s global Antitrust & Competition practice. She joined Mayer Brown from the US Federal Trade Commission’s (FTC) Bureau of Competition, where she served as a deputy director under Chairman Joseph Simons and Acting Chairwoman Rebecca Slaughter.MICHAEL A. SCODRO
Michael A. Scodro is a partner in Mayer Brown's Chicago office and a member of the Supreme Court & Appellate practice. Prior to joining Mayer Brown from another prominent firm, he spent more than six years as the Illinois Solicitor General, where he oversaw the civil and criminal appeals divisions of the Attorney General’s Office, supervising more than 40 attorneys in appeals in which theRICHARD M. ASSMUS
Richard Assmus has a balanced intellectual property transactional and litigation practice. He is also closely involved in strategic IP agreements, intellectual property due diligence, technology, content and trademark licensing, brand management, copyright counseling, and advertising counseling. Richard utilizes his background in science andVERONICA R. GLICK
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyRONALD M. SHOSS
Ronald (Ronny) M. Shoss is a partner in Mayer Brown’s Real Estate practice. He has a widely diversified practice representing institutional owners of real estate throughout the United States and has established a national office and industrial leasing practice. HOLLY SPENCER BUNTING Holly Spencer Bunting is a partner in Mayer Brown’s Washington DC office and a member of the Consumer Financial Services group. She practices in the areas of residential mortgage banking and consumer finance and concentrates on issues of federal andMAUREEN J. GORMAN
Maureen Gorman is a partner in the Palo Alto office of Mayer Brown who focuses on executive compensation and employee benefits matters. Her work includes advising on tax and benefit issues in both domestic and international contexts, counseling on ERISA fiduciary issues, controversy work involving IRS and DOL audits, and all nature of transactional work, including de-risking transactions MAYER BROWNRESPONDING TO COVID-19PERSPECTIVES & EVENTSMAYER BROWNHONG KONGCHICAGOAARON GAVANT Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyREMOTE ACCESS
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyMARCUS A. CHRISTIAN
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyGAIL F. LEVINE
Gail Levine is a partner in Mayer Brown's Washington DC office, where she co-leads the firm’s global Antitrust & Competition practice. She joined Mayer Brown from the US Federal Trade Commission’s (FTC) Bureau of Competition, where she served as a deputy director under Chairman Joseph Simons and Acting Chairwoman Rebecca Slaughter.MICHAEL A. SCODRO
Michael A. Scodro is a partner in Mayer Brown's Chicago office and a member of the Supreme Court & Appellate practice. Prior to joining Mayer Brown from another prominent firm, he spent more than six years as the Illinois Solicitor General, where he oversaw the civil and criminal appeals divisions of the Attorney General’s Office, supervising more than 40 attorneys in appeals in which theRICHARD M. ASSMUS
Richard Assmus has a balanced intellectual property transactional and litigation practice. He is also closely involved in strategic IP agreements, intellectual property due diligence, technology, content and trademark licensing, brand management, copyright counseling, and advertising counseling. Richard utilizes his background in science andVERONICA R. GLICK
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancyRONALD M. SHOSS
Ronald (Ronny) M. Shoss is a partner in Mayer Brown’s Real Estate practice. He has a widely diversified practice representing institutional owners of real estate throughout the United States and has established a national office and industrial leasing practice. HOLLY SPENCER BUNTING Holly Spencer Bunting is a partner in Mayer Brown’s Washington DC office and a member of the Consumer Financial Services group. She practices in the areas of residential mortgage banking and consumer finance and concentrates on issues of federal andMAUREEN J. GORMAN
Maureen Gorman is a partner in the Palo Alto office of Mayer Brown who focuses on executive compensation and employee benefits matters. Her work includes advising on tax and benefit issues in both domestic and international contexts, counseling on ERISA fiduciary issues, controversy work involving IRS and DOL audits, and all nature of transactional work, including de-risking transactionsSOCIAL IMPACT
Mayer Brown makes a real difference to the communities in which it operates. Our Mission Statement. Through our Social Impact program we offer our skills, experience, time and philanthropic support to our local communities and global networks. IBOR TRANSITION DIGEST THOUGHT LEADERSHIP. 2021 Structured Products Legal, Regulatory and Market Briefing Structured Products Association, 13 May 2021 Industry leaders, including Mayer Brown attorneys, speak on the latest legal, regulatory and market developments in the structured products market, including an update on LIBOR transition, ARRC developments, the ISDA IBOR Protocol, and New York State LIBOR NEW EU STANDARD CONTRACTUAL CLAUSES ADOPTED: 18 MONTH Today, 4 June 2021, the European Commission has formally adopted new standard contractual clauses for international personal data transfers from the European Union to third countries ("New EU SCCs").. The 34-page New EU SCCs, which have been adopted to reflect the introduction of the General Data Protection Regulation ("GDPR") and the pending EDPB Recommendations on RAJESH DE | PEOPLE | MAYER BROWN May/June 2021. Raj De: A Steady Hand in Times of Crisis. The Washington Lawyer. March 29. 2021. Mayer Brown honored as “Champion for Children” by Children’s Law Center for fourth consecutive year. February 26. 2021. Mayer Brown partner Raj De named to Washingtonian’s 2021 list of “Washington’s Most InfluentialPeople”.
QUARANTINE EXEMPTIONS AND COVID-19 VACCINATIONS FOR THE Last week, the Hong Kong Monetary Authority, Securities and Futures Commission and Insurance Authority issued circulars setting out quarantine exemptions for certain individuals and encouraging vaccination of licensed individuals and other staff of regulatedentities.
MALI COUP AND BUSINESS CONTINUITY Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancy SLURP: INVESTORS GOBBLE UP INDOFOOD’S DEBUT BONDS Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the “Mayer Brown Practices”) and non-legal service providers, which provide consultancy CAROL A. HITSELBERGER Carol Hitselberger is co-leader of Mayer Brown’s Banking & Finance practice, and focuses her practice in the structured finance area. She spends significant time on accounting and regulatory developments that impact the structured finance industry. Carol is a member of the Structured Finance Association, the structured finance industry’sBRADLEY A. COHEN
Brad Cohen is an associate in Mayer Brown's New York office and a member of the Litigation & Dispute Resolution practice. His practice focuses on advising corporate entities, including domestic and non-US financial institutions, on compliance and enforcement matters, regulatory investigations, and banking and financial services-relatedlitigation.
EUROPEAN COMMISSION CLARIFIES OBLIGATIONS OF FINANCIAL On May 27, 2021, the European Commission adopted an opinion on changes to the features of frozen funds (“Opinion”). The Opinion clarifies the extent to which financial institutions can change the character and location of frozen funds that they hold on behalf of individualsor entities s
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UNIQUELY POSITIONED TO ADVISE THE WORLD’S LEADING COMPANIES Explore Global PerspectivesIn Focus
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Continuing growth trajectory, Mayer Brown elects Jon Van Gorp as chair Consistent with Mayer Brown’s culture of rotation in its senior leadership positions, the firm has elected longtime partner Jon Van Gorp as chair, effective June 1, 2021.*
Asia Employment Law: Quarterly Review - First Quarter 2021 In this thirty-first edition, we flag and comment on employment law developments during the first quarter of 2021 and highlight some of the major legislative, consultative, policy and case law changes tolook out for 2021.
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Projects & Infrastructure Newsletter: Working Capital Welcome to the first edition of _Working Capital_, Mayer Brown’s Projects & Infrastructure newsletter. We hope that you find this newsletter a source of relevant information about market developments and Mayer Brown’s Projects & Infrastructure Industry Team.1 of 3
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Quarantine Exemptions and COVID-19 Vaccinations for the Hong Kong Financial and Insurance Industries: Who is Next? Last week, the Hong Kong Monetary Authority, Securities and Futures Commission and Insurance Authority issued circulars setting out quarantine exemptions for certain individuals and encouraging vaccination of licensed individuals and other staff of regulatedentities.
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Europe Daily News, 04 June 2021 Europe Daily News, the latest policy and legal developments in theEuropean Union
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Trends in Trade Receivables Finance View our Perspectives 2021 Mayer Brown. All rights reserved.* Remote Access
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