The European Commission (“Commission”) published a White Paper proposing to create three new review mechanisms aimed at addressing the potential distortive effects caused by foreign subsidies in the Single market generally; in acquisitions of EU companies; and during EU public procurement procedures. A public consultation is now open until 23 September 2020 during which stakeholders can provide their views on the options set out in the White Paper.
On June 15, 2021, the White House announced that the US and European Union (EU) have reached an agreement in the 16-year WTO Boeing-Airbus dispute and agreed to address shared challenges from China. The US and EU will suspend tariffs that were authorized by the WTO that are related to this dispute for five years and work together to challenge and counter China’s non-market practices in this sector in specific ways that reflect standards for fair competition. This includes collaboration on inward and outbound investment and tech transfer.
Episode 3: Foreign Direct Investments in France – Samantha Mobley (Partner, Baker McKenzie, London) talks to Marie Anne Lavergne, Head of the unit for Foreign Direct Investment in France, as well as Nataf Guillaume (Partner, Baker McKenzie Paris) on foreign investments screening in France.
The Law that establishes the new merger control regime, which regulates the prior control of business concentration operations, will enter into force as of 14 June 2021.
A bold vision of the future is redefining corporate strategy for businesses in Asia Pacific, with new opportunities arising from disruption. In this series of reports, we explore the defining characteristics of transactions, using the Strategy, Competition, Assets, Process, and ESG framework to understand legal complexity and stress test plans in an evolving landscape.
Every year our lawyers produce Doing Business in Russia, a general guide for companies operating in or considering investment into the Russian Federation. The guide presents an overview of the key aspects of the Russian legal system and regulation of business activities in this country.
The National Economic Prosecutor (FNE) has recently issued two internal guidelines with the objective of providing legal certainty to economic agents who intend to merge, and who must require prior authorization from the FNE for such purposes, to provide predictability to such process and a rapid response.
By means of Provision No. 357/2021, the Consumer Protection and Consumption Arbitration National Directorate expanded the list of providers that must incorporate an “unsubscribe button” for their services on their website.
In 2016, an influential Agency Manager of Prudential Assurance Company Singapore orchestrated a mass exodus of over 200 agents to a competitor, Aviva Financial Advisors Pte Ltd. Prudential, in turn, sued the Agency Manager for up to S$2.5 billion in damages, in a high-profile case which attracted significant media attention in Singapore.
In Commonwealth Director of Public Prosecutions v Citigroup Global Markets Australia Pty Ltd [2021] FCA 511, the Federal Court has handed down an important decision which highlights the dilemma that may be faced by an immunity applicant in complying with its duty to provide full, frank and truthful disclosure and to co-operate under the ACCC’s Immunity and Cooperation Policy for Cartel Conduct (ACCC Policy) and maintaining legal professional privilege over witness accounts provided to solicitors at an early stage in an investigation.