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The U.K. Prudential Regulation Authority has launched a consultation on changes to the PRA's reporting requirements to reflect proposed changes set out by the European Banking Authority in EBA consultations launched in August 2018. The EBA proposes a...

Occasionally, there will be this wonderful “aha!” moment when law firms realize that investing time, training, and resources on developing higher performing practice/team leaders has a compounding effect on results. After all, if by improving their...

The Full Court of the South Australian Supreme Court has provided helpful clarification on the operation of Purchase Money Security Interests ('PMSI') under the Personal Property Securities Act 2009 (Cth) ('PPSA') in the context of inventory....

Knutson v. Foster, 25 Cal. App. 5th 1075, 1077 (Aug. 8, 2018) - Brief Summary - A competitive swimmer was successful in reinstating a jury verdict against her lawyer for fraudulent concealment and intentional breach of fiduciary duty. The Court of...

In This Issue. The Securities and Exchange Commission (SEC) withdrew interpretive guidance pertaining to reliance on voting recommendations of proxy advisory firms in advance of their upcoming Roundtable on the U.S. proxy system; five federal...

In recent years, the friction between public companies and proxy advisory firms—companies that provide proxy vote recommendations to institutional fund managers and other investment advisers—has intensified. Public issuers contend that two firms have...

This paper examines how a plan service provider (such as a trustee, record-keeper, broker-dealer, or investment adviser) can offer participant-level distribution and rollover guidance under the US Department of Labor’s (DOL’s) Advisory Opinion to...

Decisions - Civil Service Council - Decision No. 9/2018 issued on 10 September 2018 - Amending certain provisions of Decision No. 8/2011 specifying job positions of a special nature exempted from the condition of advertising upon appointment....

Modifying Irrevocable Trusts 101 - As family and financial circumstances change with time, clients often desire to modify the terms of the trusts they have created. Even if a trust is irrevocable, in Pennsylvania there are several ways modification...

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