Since 2018, China started to implement the “Negative List” approach for the administration of foreign investment nationwide, and has updated the Negative Lists periodically since then. The Negative Lists set out in a centralized manner special administrative measures with respect to the access of foreign investment. Business sectors not specified in the Negative Lists are subject to administration under the principle of treating domestic investment and foreign investment equally.
This register, which was regulated in Spain last April to adapt the Spanish legislation to the 5th Anti-Money Laundering Directive, introduces a whole set of specific requirements to be taken into account by virtual currency exchange providers and custodian wallet providers.
Royal Decree-Law 17/2021, of September 14, 2021, on urgent measures to reduce the impact of the steep rise in natural gas prices on the gas and electricity retail markets (RDL 17/2021) came into force on September 16, 2021. It contains a raft of measures in various areas aimed at containing the steep rise in the price of electricity on the Iberian wholesale market and mitigating its effects on the most vulnerable.
February 1, 2022 is the key date, when the new Regulation for the temporary performance of activities in innovative new models will come into force.
China published the second version of its draft Personal Information Protection Law (PIPL) recently to seek public comments until May 28, 2021. Most of the articles of the previous draft PIPL have been maintained in this second draft (Second Draft) but there are important modifications made to address the new challenges to the personal information protection. Here we summarize the highlights in the Second Draft.
Royal Decree-Law 7/2021 of April 27, 2021, published in the Official State Gazette (BOE) on April 28, 2021, transposes various EU directives including Directive (EU) 2019/770 of the European Parliament and of the Council of 20 May 2019 on certain aspects concerning contracts for the supply of digital content and digital services, and Directive (EU) 2019/771 of the European Parliament and of the Council of 20 May 2019 on certain aspects concerning contracts for the sale of goods.
When negotiating a corporate merger or acquisition, both buyers and sellers would benefit from agreeing to and contractually specifying their position about sandbagging, which is when a buyer knows that a seller’s representation or warranty is false or inaccurate but goes ahead and signs the agreement in order to later pursue a claim against the seller. In this article, we will discuss on how sandbagging provisions (or the silence on such) is regulated in Colombia, Mexico, Chile, Brazil and Peru, as well as case law, if any.
The government has announced the allocation of an additional PLN 30 billion to continue support for entrepreneurs under the new anti-crisis programme in the second quarter of 2021. In April alone, the amounts paid out to entrepreneurs will total PLN 7 billion - by comparison, in March the sum of support amounted to PLN 3 billion. According to the government's announcements, the measures will mainly focus on maintaining jobs, but the new programme is also to be a background of the spring economic rebound that will follow the third wave of the pandemic.
The Spanish parliament has approved the Law amending the Companies Act (Legislative Royal Decree 1/2010, of July 2, 2010) and other pieces of financial legislation, as regards the encouragement of long-term shareholder engagement at listed companies.
On March 10, 2021, most of the provisions in Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 come into force. The new obligations relate to both the internal organization of the vast majority of financial institutions, as well as the information they must publish on their website and in the pre-contractual information on their products.