On December 26, 2018, the National People’s Congress (NPC) of China published the draft Foreign Investment Law (New Draft), seeking for public opinions. This draft is considered as an updated version based on a draft made by China’s Ministry of Commerce which was published four years ago.
The government has approved, by royal decree-law, a legal reform introducing a number of changes to the Retail Trade Law.
Climate change is no longer simply a corporate social responsibility issue. It will have the same impact on boards’ members, organization and decisions as privacy or cybersecurity, for example.
The new regulation clarifies the concepts of inside information and relevant information, gives greater flexibility to issuers as regards the dissemination of inside information and broadens the notifications of transactions carried out by their managers.
Garrigues has brought Jaime de Larraechea Carvajal on board as partner at the Santiago de Chile office, reinforcing its financial, corporate and M&A practice in the country.
Many important decisions at law firms and organizations depend on whether or not Brexit will deprive English law of its importance in Europe, and which, if any, legal system will take its place. New York law and French law are positioning themselves. But there are other options including a European regulation on obligations and contracts.
On 17 October 2018, the CNMV published its reports on the Annual Corporate Governance and Directors Remuneration Reports of the listed companies corresponding to the fiscal year 2017.
Euribor reform is still in motion and will bring changes with an impact on the financial wholesale and retail markets, from financial, operating and systems, and commercial standpoints. Care is also needed to avoid serious legal risks.