EXTRAORDINARY BUSINESS ENABLEMENT PROCEDURE
On October 16, the Proposed Law no. 53/XIV was approved. In addition to providing for exceptional and temporary changes to the existing rules on insolvency proceedings, the Special Revitalization Proceedings (“PER”), the Special Proceedings for Payment Agreements (“PEAP”) and the Extrajudicial Company Recovery Scheme (“RERE”), this diploma creates the Extraordinary Company Enablement Procedure (“PEVE”). According to …
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EXPROPRIATION FOR PUBLIC PURPOSE ACT
The new Expropriation for Public Purpose Act (Law 1/21, of 7 January 2021) was enacted on 07.01.2021, repealing Ordinances 14.507 and 23.404, which had extended the legal expropriation framework applicable in Angola enacted by Law 2030, of 22 July 1948 and Decree 43.587, of 8 April 1961.
EQUATORIAL GUINEA REGULATIONS FOR TRADE AT LAND BORDERS WITH CAMEROON AND GABON
By means of Decree 002/2021, of 11 January, the President of the Republic put in place a number of measures governing the trade operations at Equatorial Guinea’s land borders with Cameroon and Gabon.
EUROPEAN COMMISSION communication on a DIGITAL FINANCIAL STRATEGY FOR THE EU
On 24 September the European Commission issued a Digital Finance Package, which includes the Digital Finance Strategy for the EU. As the Covid-19 pandemic spread through Europe, the uptake on new digital financial solutions increased while the need for a widespread adoption became evident. With the Digital Finance Package, the European Commission is aiming to tackle the challenge …
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International transfers of data to the United kingdom after brexit
On 24 December 2020, the European Commission (CE) announced the conclusion of the Trade and Cooperation Agreement with the United Kingdom, following its withdrawal from the European Union (EU) and the end of the succeeding transition period. The Agreement has now been published by the EC and it establishes a transitional regime for international data transfers between Member …
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NEW REGULATION FOR THE AUTHORIZATION OF CREDIT INSTITUTIONS – PRELIMINARY REQUIREMENTS FOR AUTHORIZATION
Introduction Regulation no. 12 of December 18, 2020 on the authorization of credit institutions and amendments pertaining to the same (the “Regulation 12/2020”) issued by the National Bank of Romania (the “NBR”) was published in the Official Gazette no. 1291 as of December 2020 and is applicable starting with the same date.
The Right of Access to Public Sector Information Law of 2017 (184(I)/2017)
The Right of Access to Public Information Law of 2017 (184(I)/2017) (the Law) has entered into force on the 22nd of December 2020
Case Commentaries: Suit Against Boustead Ex Directors – Analysis of Business Judgement Rule
[A] INTRODUCTION With the recent announcement from Boustead Holdings Bhd that it had file a suit against its former managements for negligence; breach of fiduciary duties under the Companies Act 1965 and is seeking a sum of £6.4 million (RM35.37 million current value)1, this article will provide an insight as to directors’ duties and principle of exercise …
Legal Aspects for Online Transactions
Introduction Online trade transaction, or in its current and commonly-used term, e-commerce, broadly refers to commercial activity conducted with the aid of electronic devices. E-commerce generally refers to electronic business transactions or trades which are wholly or partially conducted over the internet.[1] As e-commerce grows and becomes a more viable and, to a certain extent, …
Securities Commission Issues New Guidelines on Corporate Governance
Chapter 15 of the Listing Requirement sets out the requirements that must be complied with by a listed issuer and its directors of listed issuers and their subsidiaries in relation to corporate governance.