Legal, Economic & Regulatory Affairs

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The EU's quiet new leadership

November 21, 2009

Analysis by: GLG Expert Contributor

Analysis of:Low-Profile Leaders Chosen for Top European Posts | www.nytimes.com

The new President of the European Council, Belgian Prime Minister Herman Van Rompuy, and high representative for foreign and security policy, Catherine Ashton, are both low profile personalities in new high profile positions. Both also have limited EU and international experience. Van Rompuy's strength is his ability to build consensus.  Baroness Ashton, EU Trade Commissioner for the past year, may have the highest profile position of the two.

What GAO card study means to interchange legislation & NY lawsuit.

November 20, 2009

Analysis by:Duncan MacDonald, Consultant,

Analysis of:GAO: Let Card-Fee System Stand | online.wsj.com

The GAO study of bankcard interchange fees is a mixed bag for the industry. It upholds the practice (in contradiction to the lawsuit against the practice in New York) but points to numerous ideas about how its excesses can be reduced. The latter could propel the Welsh bill in Congress toward enactment. It would allow merchant actions to pressure issuers to accept lower interchange fees. The study's ideas could also play a role in crafting a settlement of the NY suit.

Qui Tam: A New Wave of Lawsuits

November 20, 2009

Analysis by:Martin Alpert, Vice President, Environmental Claims,

Analysis of:9th Circuit Allows Settling Whistleblower Defendant to Sue Third Party | www.law.com

Should a settling Whistleblower Defendant be allowed to sue a third party?

ISDA Determination on JAL Rehabilitation Not Welcome

November 19, 2009

Analysis by:Daniel Lintz, President & Chief Executive Officer,

Analysis of:Will JAL Be Required to Settle JPY100 Billion in Derivatives Contracts? | headlines.yahoo.co.jp

The Yomiuri Shinbun reports that the International Swaps and Derivatives Association (ISDA) may require Japan Airlines Corporation to settle JPY 100 billion in swaps and derivatives as a result of filing for creditor protection under ADR provisions of the Special Measure for Industrial Revitalization, raising the specter of potential retaliation by Japanese financial regulators.

Have you Been Affected by the Holiday Effect?

November 19, 2009

Analysis by: GLG Expert Contributor

Analysis of:Have you Been Affected by the Holiday Effect? | recareered.blogspot.com

Have you ever heard of the Holiday Effect in hiring?

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