China: Corresponding to the record-filing reform: the seventh revision of the catalogue for the guidance of foreign investment industries
On December 7th, 2016, the National Development and Reform Commission (“NDRC”) and the Ministry of Commerce (“MOFCOM”) jointly issued the Revised Draft of the Catalogue for the Guidance of Foreign Investment Industries (in…
Personal information protection of consumer in China
In China, currently there is no state law specialized in personal information protection.
“Country-by-country report return” (form 231) is approved
The Official State Gazette of December 30 has included the publication of Order HFP/1978/2016, of December 28, approving form 231, “Country-by-Country Report Return”, which will be filed for the first time for periods commencing on or…
Royal Decree-Law 3/2016. Tax measures aimed at the consolidation of public finances
On December 3, 2016 the Official State Gazette (BOE) published Royal Decree-Law 3/2016, of December 2, 2016 adopting measures in the tax field aimed at the consolidation of public finances and other urgent social security measures (“the Royal…
Approval of the Multilateral Convention which will change thousands of bilateral tax treaties
Yesterday, November 24th, more than one hundred States approved the so-called “Multilateral Convention” in order to amend bilateral tax treaties. This “Multilateral Convention to implement tax treaty related measures to prevent…
One More Step to the Negative List Scheme
On September 3rd, 2016, the National People’s Congress Standing Committees of the People’s Republic of China (the “PRC”) adopted the Decision on Revising Four Laws Including the Law of the People's Republic of China on…
To link or not to link, that is the question
The CJEU rules that providing links to content for financial gain without the author’s consent constitutes copyright infringement
Brexit in legal check?
June 23, 2016 is a date that will go down in history for the UK as the day British citizens voted for a different future separate from the rest of the EU Member States. If Brexit goes ahead, it will mean that the treaties, regulations and directives…
Brexit and Community rules. True effects
Although it has been a month since the Eurosceptics triumphed, with 51.9% of the vote, over the 48.1% of Brits who elected to remain part of the EU, the real effects of Brexit will take more than two years to materialize.
Loan portfolio sales: developments and areas of uncertainty in relation to non-performing loan claims
One of the mechanisms that banking institutions have been using to deleverage in recent years is the sale of portfolios of non-performing loans (“NPLs”). A recent analysis estimated the principal of the loans transferred in this type of…
Brexit and shipping in Spain
It is not easy to determine the potential effects of Brexit since it is not even clear, at the present time, whether it will finally go ahead. Moreover, if it does, it will not be imminent and will depend on the agreement reached with the EU.
Brexit: A tale of two (financial) Cities. Madrid’s bid to replace The City
The Brexit referendum was preceded by verbal clashes with neither camp being meticulous about spelling out the truth. With the result in, the practical consequences remain unclear and the ground is ripe for more half-truths and wild bets.
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