Wednesday, May 22, 2013

Taiwan Adopts Standards To Limit Levels Of Airborne Fine Particulate Matter

TAIPEI, Taiwan—Taiwan has adopted standards for airborne fine particulate matter that mirror those in the United States and Japan in an effort to improve air quality.

In First, U.S. Federal Reserve Allows Chinese Banks To Acquire U.S. Banks

The Federal Reserve’s governors voted unanimously to expand China’s banking access on U.S. territory, including for the first time allowing Chinese buyouts of U.S. banks, according to an approval announced May 9.

ANALYSIS: UK Court Of Appeal Issues Important Judgement On Key Provision Of ISDA Master Agreement

For over 20 years, derivatives that are traded “over the counter” have been governed by the terms and conditions set out in the ISDA (International Swaps and Derivatives Association) Master Agreement. This is a framework agreement which governs the underlying individual derivative contracts that are entered into between the parties.

ANALYSIS: Naming And Shaming Tax Defaulters Across The European Union

The United Kingdom’s tax authority, Her Majesty’s Revenue and Customs, acquired the power to publish details of individuals and companies that deliberately default on their taxes under provisions within the Finance Act 2009.

ANALYSIS: Subject Access Requests Under EU And UK Law: The Problems With Unstructured Data

One of the key rights for individuals under the EU Data Protection Directive is to access their personal data by making a “subject access request”. The right is important, as it allows individuals to verify the accuracy of any personal data held about them and the lawfulness of the processing of that data.

Japan Weighing Smartphone, Cloud Computing Security Measures

TOKYO—In response to an explosive rise in malware threatening smartphone users, a Japanese government policy commission is recommending a set of measures to ensure smartphone and cloud computing security, among them advancing technical developments and enhancing vendor and user awareness about risks.