3 June 2021, the Law for Transparency, Prevention and Combating Improper Practices in Advertising Contracting (“Advertising Law”) was published in the Official Gazette1. The new Advertising Law went into effect on 1 September 2021. The Mexican Competition Authority (COFECE) issued Emergency Regulations, establishing the procedures for filing a complaint, the investigatory process, and ruling for complaints of violations under the new Advertising Law.
ESG (Environmental, Social, and Governance) considerations are growing in importance for companies and businesses globally, so much so that we have now arrived at the point where ESG has become one of the key priorities in boardrooms everywhere. Regulations are emerging, the pressure from stakeholders is increasing, and consumers are becoming more conscious of ESG issues, which is influencing their purchasing decisions as noted recently by the Head of Marketing at a Thai consumer goods company, “Consumers increasingly want to purchase products from organizations that are good at achieving their ESG goals
Earlier this month (7 August), the MIC released and called for public consultation on the draft decree amending and supplementing several provisions of Decree No. 25/2011/ND-CP guiding the implementation of the Law on Telecommunications (“Draft Decree”). The deadline for contribution to this consultation is 7 October 2021.
The Vietnam Competition and Consumer Authority recently published an article explaining in detail the fundamental issues regarding agreements on price fixing, how such issue is addressed in other jurisdictions with developed antitrust regulations, and how it should be viewed within the context of Vietnam’s Competition Law No. 23/2018/QH14.
The Office of the Trade Competition Commission (OTCC) has recently opened a public hearing on the draft new unfair trade practice (section 57) guideline which will replace the current guideline once it becomes effective. The draft new guideline revises certain defined terms and provides more details on acts that may constitute an offense under section 57 of the Competition Act.
Baker McKenzie’s Government Procurement Update resource center gives you the latest guidance, trends and enforcement actions related to government procurement (both U.S. government contracting and international financing institutions), including suspension and debarment, bid protests, and False Claims Act defense.
There was a massive increase in the value of mergers and acquisitions in sub-Saharan Africa (SSA) in the first half of 2021. This was due, in part, to the post-pandemic boost, where deals that were delayed last year, were able to proceed in 2021. Also spurring investment in SSA was the launch of the African Continental Free Trade Area, strengthening relationships with Africa’s key trading partners, as well as rising demand in key industry sectors such as materials, power and energy, technology and telecommunications.
The Ministry of Planning and Investment has recently released the draft Decision to be issued by the Prime Minister governing the Special Investment Incentives for seeking public comments.
We are committed to creating cultures of integrity expanding through initiatives that help us strengthen ethics, compliance, and responsibility on a day-to-day basis with sustainable results. As a result we developed the Compliance Community Connect videos to help our clients and friends. Baker McKenzie Associate, Gerardo Calderon, talks about Antitrust in this second installment of Compliance Community Connect.
The Competition and Consumer Commission of Singapore will issue a Business Collaboration Guidance Note to provide businesses with more clarity on common horizontal, vertical and lateral collaborations between competitors. The draft Guidance Note also aims at encouraging collaborations that have pro-competitive effects. It covers six common types of business collaborations: information sharing, joint production, joint commercialization, joint purchasing, joint research and development, and standardization.