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.
Garrigues took the award for Latin American Deal of the Year in the banking and finance category for its advice to Metro de Bogotá and Financiera de Desarrollo Nacional on the financing of the largest urban transport project in Colombia. The awards are presented annually in São Paulo by Latin Lawyer, one of the most prestigious publications in the sector, and bring together the main firms and companies in the region.
In Colombian public limited companies and simplified joint stock companies, inspection rights are subject to a series of rules regarding the documents and content that can be inspected. We recommend preparing regulations setting out how shareholders can exercise their rights in these cases. To that end, key points to be borne in mind are set out below.
Garrigues has strengthened its team in Portugal by bringing on board Tomás Pessanha as partner in charge of the Corporate and M&A practice at the Oporto office. Pessanha has had a lengthy professional career as adviser to domestic and foreign businesses and institutional investors on corporate law, commercial contracts, M&A, private equity, venture capital and restructuring processes.
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 conditions for competition set for the auction were not met. The next auction is expected to take place in the second quarter of this year. Before June 30, 2019 in other words.
Its aim is to enhance development and competitiveness of start-ups. P.S.A. as legal form easy to incorporate, run and dissolute is among others dedicated to small technological firms demanding freedom and flexibility in running business. Incorporation and running of P.S.A. is to be simpler, faster and cheaper than other companies.
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.
On December 29, 2018 the Official State Gazette published Law 11/2018, of December 28, 2018 amending the Commercial Code, the revised Capital Companies Law approved by Legislative Royal Decree 1/2010, of July 2, 2010 and Audit Law 22/2015, of July 20, 2015, as regards non-financial information and diversity, which entered into force the day after the date of its publication.