Key Developments in the Laws and Regulations of China in 2023
This newsletter selects and briefs key developments in the laws and regulations of China in relation to foreign investment until August 2023 for your reference.
Chile: Implementation of the Energy Efficiency Law moves forward
With the issuance of Resolution 13 of 2023, the implementation of the Energy Efficiency Law of 2021 (Law 21305) is moving forward. This new resolution lists the companies that must actively manage their energy consumption and how it should be implemented.
Directive on corporate sustainability reporting is published
The new EU legislation requires companies to report regularly on the effect of their activities on people and the environment.
Chilean Congress approves the Fintech Bill
On October 12, 2022, the Chilean Congress approved the Fintech Bill (Fintech Law), which now only needs to be enacted by the president of the Republic to become a law. In this information alert we detail the highlights of this new regulation.
Create and Grow Law brings in new reporting obligations for combating late payment in commercial transactions
The law requires companies to include in their annual reports and on their corporate websites significant information about invoices and payments to suppliers.
Spain: The reform which reduces the minimum capital required to set up a limited liability company from 3,000 euros to 1 euro has been published
The new legislation, which will come into force twenty days after its publication in the Official State Gazette, amends various aspects of the Capital Companies Law.
Latest COVID-19 related regulations and policies in China
Due to the ongoing situation of COVID-19 in China, especially in Shanghai, the Chinese government has introduced more regulations and policies or extended the deadline of the previously issued regulations and policies to further support both the economic development and the business. In this Newsletter, we will share with you detailed provisions of these policies in Shanghai focusing on the topics of labor and employment, leasing, tax, etc. Depending on the location of your business, there could be more specific implementation rules at local level.
Garrigues-ICADE Chair presents the book ‘Capital companies: their interests and their conflicts’ on May 24
The book is a collective work in which renowned professors and lawyers, including several Garrigues professionals, have participated.
Everything you need to know about the plan to implement new whistleblowing legislation in Portugal
By June 18, 2022, companies (whether public or private) and public entities, especially those employing 50 or more workers, are obliged to implement a whistleblowing channel so that workers, shareholders, members of corporate bodies, service providers, suppliers and other reporting parties, including within the context of a professional relationship that has since ended, might report breaches of the legislation referring to various areas.
Royal Decree-Law 6/2022: key measures for the electricity industry and for renewable electricity generation
The main new steps approved by the government for the electricity industry are a revision of the remuneration parameters for 2022, and measures to speed up the application handling procedures for renewable energy projects.