ILN Today Post

Minimum Requirements for the Use of the Simplified Prudential Rule

On October 19, 2017, the CMN issued Resolution 4606, which sets forth the minimum requirements for the use of simplified reference equity and the additional requirements for the simplified structure of continuous risk management.

The choice of the simplified methodology of the minimum requirement of reference equity is provided to the following institutions: (i) singular credit cooperatives; (ii) non-banking institutions engaged in granting credit, except for development agencies; and (iii) non-banking institutions operating in the gold, foreign currency, or fiduciary agent markets.

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ILN Today Post

Lithuania Disappoints Fintech Sector With Virtual Currency Crackdown

Comments of TGS Baltic Associate Donatas Šliora in Paymentscompliance.com article:
 
Lithuania: Central Bank Reveals Its Position On Virtual Currencies and ICOs

Regulators in Lithuania have broken from their fintech-friendly reputation by issuing tough restrictions on businesses using virtual currencies such as Bitcoin.

Last week, the Lithuanian central bank issued a notice deterring its financial sector from engaging in virtual currency activities, amid fears that profiteering from the “high risk instrument” could result in customer detriment.

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Maryland’s Montgomery County Joins Jurisdictions Increasing Minimum Wage to $15.00 Continue Reading…

Montgomery County, Maryland, where the minimum wage already is $11.50, is set to join two states (California and New York), the neighboring District of Columbia and at least six local jurisdictions (Flagstaff (Arizona), Los Angeles, Minneapolis, San Francisco, San Jose, SeaTac and Seattle) that have enacted legislation increasing the minimum wage for some or all private sector employees to $15 over the next several years.

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Ard Scoil Mhuire Law Day

As part of our International Women’s Day programme, HOMS Solicitors held a Transition Year Law Day with the students of Ard Scoil Mhuire on 7th November. 16 students from Ard Scoil Mhuire who expressed an interest in the legal profession and a career in law were selected for the Law Day. The programme was an intensive version of the HOMS Solicitors Transition Year Programme.

The Law Day in Ard Scoil Mhuire was facilitated by Sandra Egan, Partner, Anna Owens, Senior Associate, Eadaoin Jackson, Associate, Rachael O’Shaughnessy, Senior Solicitor, Orla Donovan, Trainee Solicitor and Naoise O’Donnell, Legal Information Systems Executive. The Law Day featured presentations on HOMS Solicitors, Pathways to Further Education, Protecting Yourself Online, Cyber Bullying and also a Street Law style workshop involving the practical investigation of a legal case.

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HOMS sponsors UL v Cambridge Mooting Competition

HOMS Solicitors were delighted to sponsor the University of Limerick v University of Cambridge Mooting Competition, which took place on 6th November in the Moot Courtroom at the University of Limerick.

Pat McInerney, Senior Associate Solicitor, Defence Litigation, took up the role of President of the European Court of Human Rights, and presided over the case along with Jack Nicholas BL and Dr. Norah Burns of the University of Limerick School of Law. The case in question focused on Article 8 and Article 10 of the ECHR.

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FDA Issues Final Regulations Easing the Path for Direct-to-Consumer Genetic Testing

New rules issued on November 7, 2017 by FDA will make it easier for companies to offer certain types of genetic tests directly-to-consumers (DTC), without a health-care provider intermediary.

The first rule exempts “autosomal recessive carrier screening gene mutation detection systems” that are offered DTC from FDA premarket review.  FDA first proposed this exemption in 2015, on the same date as the agency issued a final order classifying these types of tests as Class II medical devices, in response to a request from 23andMe.  The 2015 final rule specified the conditions under which all companies could offer autosomal recessive carrier tests directly to the public.  By finalizing the exemption, FDA is permitting companies to offer these tests DTC without the need for prior FDA review.  These companies will still be subject to general requirements applicable to all medical device manufacturers, as well as to the “special controls” specified by FDA for these types of tests in the final rule.

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2017 Year in Review: Trade Secrets and Non-Compete Developments Webinar

Epstein Becker Green attorneys Peter A. Steinmeyer, Robert D. Goldstein, and Brian E. Spang are pleased to be presenting 2017 Year in Review: Trade Secrets and Non-Compete Developments webinar on Wednesday, December 6, 2017 from 1:00 p.m. — 2:15 p.m. with Practical Law.

This webinar will provide insights into recent developments and expected trends in the evolving legal landscape of trade secrets and non-competition agreements. This webinar will focus on how to navigate this continually developing area and effectively protect client relationships and proprietary information.

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Sharon Druker guest lecturer at HEC Montréal

November 8, 2017 — “Juridical Notions for the Business World” is a course offered to second-year students in management at HEC Montréal, the business school of the University of Montréal. The course is taught by legal advisors from the business community who provide useful skills for business management.

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Rainmaking Recommendation from Jaimie Field: 10 Tips to Avoid Lawyer Burnout

This morning, I’m bringing you another guest post – this one from longtime contributor to Zen, Jaimie Field. She’s taken a little hiatus from writing, and is jumping back into blogging and her work to fill you in and offer you some tips on an important topic in our industry, how to avoid burnout.

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ILN Today Post

How PR firms must navigate website compliance under the Americans with Disabilities Act

Public relations firms increasingly develop content and websites for their clients’ programs, products, and services. It is also common for PR firms to enter into client agreements in which they are asked by their clients to “comply with all laws.” A prior column explained that this seemingly innocuous provision may leave PR firms open to liability for failure to comply to unforeseen and unspecified laws. This article provides another example of an unforeseen source of potential liability for PR firms.

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