On 6 March, the Court of Justice of the European Union (CJEU), in the case of the Slovak Republic v. Achmea BV, decided that an arbitration clause included in the Bilateral Investment Treaty (BIT) signed by the Netherlands and the then Czech and Slovak Republic, incompatible with European Union (EU) law.
On May 14, 2018, the Chilean President Sebastián Piñera and the Minister of the Economy José Ramón Valente announced: (i) that a bill would be sent to the Chilean legislature to promote the government’s “Pro-Investment Agenda” (the “Bill”); and (ii) that the government will create a Chilean Sustainability Project Management Office (“OGPS”).
Since 15 March 2018, financial statements can only be submitted to registry courts in electronic form. During the transitional period from 15 March to 30 September 2018, it will still be possible to submit scans of the paper versions of the abovementioned documents, however they must be signed using a qualified electronic signature, or with the signature of a trusted ePUAP profile. The submission of financial documents by electronic means also requires an account in the S24 system.
On April 17, 2018, the National Development and Reform Commission of China (“NDRC”) published on its official website a news release announcing that China will remove foreign shareholding restrictions in automobile, shipbuilding and aircraft manufacturing industries.
The past ten years have brought about significant concentration in the domestic banking sector but cross-border banking mergers and acquisitions although they would improve the geographic diversification of risk and help bolster banks’ resilience have slowed considerably.
The draft Royal Decree determining the obligations for the establishment of shipping agents, was recently prepared to implement the legislation currently applicable to consignment (basically the revised State Ports and Merchant Shipping Law and the Maritime Shipping Law).