On March 15th, 2019, the National People’s Congress of the PRC approved the PRC Foreign Investment Law, which will come into force on January 1st, 2020, repealing simultaneously the present foreign investment legal framework formed by the PRC Sino-Foreign Equity Joint Ventures Law, the PRC Sino-Foreign Contractual Joint Ventures Law and the PRC Wholly Foreign Owned Enterprises Law and unifying the PRC foreign investment legal regime. We highlight the key influence of the Foreign Investment Law via following aspects:The Scope of Foreign Investment;Management System of Pre-establishment National Treatment and Negative List; Protection of the Intellectual Property of Foreign Investors and Foreign Invested Enterprises;Organization and Activities of the Company. Close eyes will be kept to the implementation to the new PRC foreign investment legal regime.
To the retail operators, administrative penalty imposed on price cheating is one of the most common administrative penalties they would face in their daily operation. Price Cheating, as provided in the Pricing Law of the People's Republic of China (the “PRC”) and Regulations on Prevention of Price Cheating, refers to the act of a business operator cheating or misleading consumers or other business operators to trade with him in a false or misleading pricing form or with a false or misleading method.
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, of March 1, 2019. In this article we discuss the ones relating to employment and social security, to judicial cooperation in civil and commercial matters, to financial services, and to customs.
The Court of Justice of the European Union (CJEU) has rendered two judgments that bring significant elements for interpreting the Parent Subsidiary Directive (PSD) and the Royalties and Interest Directive (RID). Both judgments were rendered on February 26, in joined cases C-116/16 and C-117/16 and joined cases C-115/16, C-118/16, C-119/16 and C- 299/16.
The New Real Estate Credit Act, passed by the Spanish Parliament on February 21st 2019 includes a set of brand new rules that will have a direct impact on the underwriting and modelling processes of secured lenders, namely the buyers of non-performing loans portfolios (NPLs).
New Trade Secrets Law 1/2019, of February 20, 2019 (TSL, available here) has been published in the Official State Gazette. The Law will come into force on March 13, 2019. It transposes into Spanish law, Directive (EU) 2016/943 of 8 June 2016, on the protection of undisclosed know-how and business information (trade secrets) against their unlawful acquisition, use and disclosure (available here).