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SCOTUS continues to curtail prosecutors
The Supreme Court of the United States held in Snyder v. United States that 18 U.S.C. § 666 does not apply to gratuities—even those that raise eyebrows and ethical concerns.
On 10 February 2022, the Senate passed the long-awaited Corporate Collective Investment Vehicle (CCIV) legislation with bi-partisan support. As a result, the new funds framework is now expected to commence from 1 July 2022. This marks a significant milestone in the development of Australia’s funds management industry, broadening out the range of investment structures. The CCIV offers a corporate funds structure which is more familiar to overseas investors and combines flow-through tax treatment.
With the imminent launch of CCIVs, and consistent with what we have witnessed from other jurisdictions implementing similar fund regimes, we expect that superannuation/pension funds, global investment managers, investors and a range of other financial and fundraising institutions will be assessing how they may take advantage of the opportunities presented by the introduction of CCIVs in Australia.
For a more detailed summary, see our previous CCIV update here.
A copy of the legislation is available from the Australian Federal Parliament's Website.
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The Supreme Court of the United States held in Snyder v. United States that 18 U.S.C. § 666 does not apply to gratuities—even those that raise eyebrows and ethical concerns.
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In American Hospital Association et al. v. Becerra, the Northern District Court of Texas ruled that HHS acted “in clear excess of HHS’s authority under HIPAA”.
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On July 4, the UK will head to the polls. If a change in government occurs, it would have significant impacts on the business landscape. Employment law, financial regulation, the energy transition, trade deals and technology policy may all be impacted. We consider the impacts of the proposals, the legal implications, and steps businesses may need to take if there is a change in government.
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