Publications - Banking and Finance
China to amend its Anti-Money Laundering Law
In June of 2021, the People’s Bank of China (PBOC, China’s central bank and major financial regulator) published the draft version of amended Anti-Money Laundering Law (Amended AML Law) seeking for public opinion[1]. Amended AML Law…
Regulatory news in Brazil's financial and payment systems foster competition and financial innovation
Startups and debt (I): Overdependence on equity rounds. Reasons and setbacks
Searching for additional financing routes, in the form of debt rather than equity, could benefit startup founders by curtailing their dilution in equity rounds and also have other advantages for the companies themselves. This would contribute to…
Libra: the legal and regulatory aspects will be decisive for the new currency
The Libra Association, founded by Facebook and 27 other organizations, intends to promote the construction of a global financial infrastructure and issue from it a new cryptocurrency called Libra, enabling operators to carry out payment transactions…
These are Spain's measures to prepare for a no-deal Brexit in the fields of employment, judicial cooperation, financial services and customs
The Spanish government has adopted a range of contingency measures to prepare for the event of the United Kingdom leaving the European Union without an agreement on March 30, 2019. They are temporary measures approved through Royal Decree-Law 5/2019…
Urban Rail Transit Vehicles Investment Projects are Facing Capacity Monitor
On March 9, 2018, the General Office of the National Development and Reform Commission (NDRC) released the Circular on Issues Relating to Strengthen the Monitor of Urban Rail Transit Vehicles Investment Projects ([Fa Gai Ban Chan Ye [2018…
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.
The potential impact of Brexit from a financial and regulatory standpoint
The single market in financial services has been at the core of the United Kingdom (UK) and European Union (EU) financial services industry for many years. The news that the UK will leave the EU will no doubt have an impact on the financial players…
Commentary Polska - Banking & Finance 1-2013
Change of the interpretation of the deadline for reporting of the derivative trades executed after EMIR commencement date
Garrigues Polska 4-2013
Garrigues Polska 3-2013
GARRIGUES POLSKA 2-2013
We are pleased to deliver Newsletter of the Warsaw Office of Garrigues, where topics relevant for the business activity are discussed. We present and discuss planned and introduced changes in the law and practice of law enforcement and…