On 9 April 2025, the Commission de Surveillance du Secteur Financier issued several new circulars related to information and communication technologies risk management and the use of ICT third parties, aiming to align existing circulars and practices with the Digital Operational Resilience Act.
Argentina: Foreign exchange deregulation continues — repatriation of nonresident investments
The Central Bank of the Argentine Republic continues its policy of foreign exchange deregulation. This time, through Communication “A” 8230, changes are introduced to the regime for the payment of financial debts with related companies, the repatriation of nonresident investments, and the reduction of minimum holding periods for certain financial investments.
On 8 April 2025, the General Authority for Competition (GAC) of the Kingdom of Saudi Arabia (KSA) published the 5th edition of its Economic Concentration Review Guidelines (formerly known as the Merger Review Guidelines).
This critical update, following the GAC’s public consultation on its proposed amendments to the Guidelines of 1 July 2024, provides essential refinements and clarity on the KSA merger control regime.
Luxembourg: New legislation enhances employee protections in cross-border restructurings
On 4 March 2025, the Luxembourg parliament adopted draft bill No. 8225, transposing the employment law provisions of the Mobility Directive (Directive (EU) 2019/2121) into Luxembourg law. This legislation introduces new rules on employee information, consultation and participation in cross-border conversions, mergers and divisions.