Monthly Archives: May 2016

Principiel afgørelse om grænserne for ændring af udbudte kontrakter

Ordregiveren var ikke berettiget til at anse en kontraktuel ændring for værende en ændring i medfør af aftalen. Klagenævnet for Udbud fandt, at ændringen af en tidligere udbudt it-kontrakt var en ændring af selve aftalegrundlaget, og derfor skulle der være foretaget fornyet udbud.

Klagenævnet for Udbud afsagde den 4. maj en kendelse om  ordregiverens adgang til at foretage kontraktændringer i medfør af ændringsklausuler i en udbudt kontrakt.

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TV Star Involved in Planning Dispute

Property and planning disputes between neighbours are a frequent occurrence, but when one of the parties involved is a well-known television personality then the dispute becomes much more high profile.

Comedienne and television presenter Sue Perkins has apparently found herself embroiled in a disagreement with her neighbours over their plans to build a bungalow in the garden of their current home, reports the Daily Mail.

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ILN Today Post

Pohland Herrenkleidung meldet Insolvenz in Eigenverwaltung an: Breitenbücher wird das Unternehmen beraten

Köln, 18. Mai 2016. Nach dem Rückzug des strategischen Investors soll die Pohland Herrenkleidung GmbH & Co KG im Rahmen eines Insolvenzverfahrens in Eigenverwaltung durch das Management restrukturiert werden. Heute wurde Insolvenzantrag gestellt. Beraten wird Pohland durch Rechtsanwältin Frau Dr. Bettina E. Breitenbücher von der bundesweit tätigen Kanzlei KÜBLER.

Aus dem Traditionsunternehmen Pohland Herrenkleidung GmbH & Co. KG hat sich der maßgeblich beteiligte strategische Investor zurückgezogen. Da damit die Durchfinanzierung nicht mehr gegeben war, hat sich der langjährige Geschäftsführer Bruno Uphues unter Übernahme der Beteiligung des Investors nun entschlossen, Insolvenz anzumelden. Im Zuge des Verfahrens soll das Unternehmen restrukturiert und wieder rentabel gemacht werden.

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ILN Today Post

Publicada regulamentação do Marco Civil da Internet

Às vésperas de seu afastamento da Presidência da República, a presidente Dilma Rousseff fez publicar o Decreto regulamentador do Marco Civil da Internet, o Decreto n.º 8.771/2016.

O Decreto trouxe, em sua essência, disposições aplicáveis aos responsáveis pela transmissão, comutação e roteamento de dados e aos provedores de conexão e aplicações de internet no tocante à neutralidade de rede, proteção de dados, bem como à fiscalização e transparência de infrações ao Decreto ou ao próprio Marco Civil.

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ILN Today Post

BMP partner Forrest Wynn nominated as Philanthropic Volunteer of the Year

BMP Partner Forrest Wynn has been nominated Philanthropic Volunteer of the Year by Volunteer Houston for his work with Vita-Living, Inc. He and his fellow finalists will be honored at the Volunteer Greater Houston Service Awards on May 13th at Minute Maid Park, Houston.

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Trustees and the Common Reporting Standard (CRS)

As if FATCA wasn’t enough, UK trustees will have to get to grips with two new reporting regimes next year – the CRS and the European Directive on Administrative Cooperation, or DAC.  The DAC is how the OECD’s Common Reporting Standard (CRS) will be implemented by the EU. 

There are many similarities between the approach and the terms used in the FATCA and the CRS/DAC reporting regimes.  However, they are quite different in the sense that the purpose of FATCA is to help the IRS identify US persons with interests in accounts outside the US – the flow of information is into the US only.  The scope of the CRS/DAC is multilateral and involves reciprocal exchange of information between jurisdictions.  The CRS/DAC are designed to enable accounts held in any of the jurisdictions that have opted into the CRS (of which there are now over 95) by an individual or entity resident in one or more of these jurisdictions to be identified and information about it and the account holder reported.  The intention is that information about a UK account held by a person resident in a CRS jurisdiction will be reportable to HMRC for onward transmission to the jurisdiction of residency and vice versa.  As a result, many UK trusts that are classed as Financial Institutions (FIs) under FATCA, and have not had to submit a report to HMRC yet because of a lack of US persons, will now have to do so annually. 

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Ny markedsmisbrugs-forordning ændrer reguleringen af børsnoterede selskaber

Med den nye markedsmisbrugsforordning vil flere selskaber blive omfattet af reglerne om markedsmisbrug, og der kommer nye regler for bl.a. insiderhandel, oplysningspligt, kursmanipulation, interne regler m.m.

Fra den 3. juli 2016 gælder forordning 596/2014 af 16. april 2016 om markedsmisbrug også kaldt markedsmisbrugsforordningen. Der er tale om markante ændringer i de danske børsregler, og det er derfor centralt for børsnoterede virksomheder samt investorerne at være forberedt til disse ændringer.

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DOL Announces Final FLSA Overtime Regulations

E. Jason Tremblay

E. Jason Tremblay

On Wednesday, May 18, 2016, the U.S. Department of Labor’s (DOL) Wage and Hour Division released its final updated FLSA overtime regulations. While some of the changes were expected, there are a number of surprises.

First, the new salary threshold for exempt executive, administrative and professional employees will be $47,476.00 per year (or $913.00 per week). That is more than double the current $455.00 per week but less than the original proposal, which would have boosted the minimum annual salary threshold to over $50,000.00 per year.

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Employers: DOL Final White Collar Exemption Rule Takes Effect on December 1, 2016

Our colleagues Jeffrey Ruzal and Michael Kun at Epstein Becker Green have a post on the Wage & Hour Defense Blog that will be of interest to many of our readers in the hospitality industry: “DOL Final White Collar Exemption Rule to Take Effect on December 1, 2016.”

Following is an excerpt:

Nearly a year after the Department of Labor (“DOL”) issued its Notice of Proposed Rulemaking to address an increase in the minimum salary for white collar exemptions, the DOL has announced its final rule, to take effect on December 1, 2016.

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DOL Final White Collar Exemption Rule to Take Effect on December 1, 2016

Nearly a year after the Department of Labor (“DOL”) issued its Notice of Proposed Rulemaking to address an increase in the the minimum salary for white collar exemptions, the DOL has announced its final rule, to take effect on December 1, 2016.

While the earlier notice had indicated that the salary threshold for the executive, administrative, and professional exemption would be increased from $23,660 ($455 per week) to $50,440 ($970 per week), the final rule will not raise the threshold that far.  Instead, it will raise it to $47,476 ($913 per week).

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