• Highlights of 2023 Revision to Company Law of China

    On December 29, 2023, marking the 30th anniversary of the enactment of the Company Law, China released the Company Law of the People’s Republic of China (2023 Revision), introducing adjustments to various aspects, including shareholder capital contributions, organizational structure of companies, liabilities of senior officers, etc. The implementation of this revision is scheduled to commence on July 1, 2024. This article provides an overview of the noteworthy changes to the Chinese corporate system resulting from this revision.
  • The Government of Mexico calls to bid for the procurement of drilling services for geothermal wells in Baja California, Michoacán and Jalisco

    The deadline to submit offers for the five wells located on the two parcels is October 16.
  • 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.
  • Spain: Publication of the long-awaited royal decree on foreign investment implementing Law 19/2003

    The new regulations in Spain, which enter into force on September 1, provide greater clarity and legal certainty to the rules governing foreign investments.
  • Spain: Companies will now be able to carry out certain procedures with notaries and at registries without the signatory having to be physically present

    Law 11/2023, published in the Official State Gazette on May 9, 2023, has adapted Spanish company law to the European directive on the use of digital tools and processes.
  • 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.