On 30 July 2024, the National Consumer Secretariat published Technical Note No. 2/2024/Gab-DPDC/DPDC/SENACON/MJ, providing for the Ads Quality Criteria and Data Quality Criteria, as transparency parameters to be adopted and complied with by digital platforms in Brazil. The recent Technical Note established transparency criteria applicable to platforms, mentioning the need to comply with dignity, health, safety, protection and harmony within consumer relations.
This article delves into the various tax implications and tax compliance challenges faced by large global corporations in undertaking their restructuring activities within the GCC region, specifically with a focus on more active economies including the United Arab Emirates, the Kingdom of Saudi Arabia and Bahrain.
Resolution 64/2024 (“Resolution”), issued by the Dirección Provincial de Personas Jurídicas de la Provincia de Buenos Aires (DPPJ), establishes a new regulatory framework for companies incorporated abroad to be registered in Argentina as a branch or to participate in local companies.
This new regulation applies to foreign companies already registered with the DPPJ, as well as to those that are in the process of being registered or will be registered with the DPPJ after the Resolution’s entry into force on 17 July 2024.
President Cyril Ramaphosa signed the Companies Amendment Bill and the Second Amendment Bill (collectively, “Bills”) into law on 26 July 2024. As of 29 July 2024, the Bills have yet to be gazetted and there is no clarity yet as to their anticipated effective date. Once effective, the Bills are expected to have an immediate impact on doing business in South Africa.
On 15 July 2024, the National Securities Commission (CNV) issued General Resolution No. 1009/2024 inviting the public to express their opinions and/or proposals regarding the adoption of a regulation on the private offering of marketable securities considering the text proposed by the CNV.
Our updated Regulatory Risk Management Risk Radar analyzes the most pressing regulatory risks that FIs need to consider in 2024. In this year’s edition, we examined how these risks impact business decision-making. We also examine recent and upcoming developments, and how they continue to shape the roles and responsibilities of FIs related to regulatory risk management.
The Monetary Authority of Singapore (MAS) issued the revised Guidelines on Fair Dealing — Board and Senior Management Responsibilities for Delivering Fair Dealing Outcomes to Customers (“Guidelines”) on 30 May 2024.
This comes around 17 months after the MAS issued the Consultation Paper P013-2022, which proposed amendments to the Guidelines on Fair Dealing. The amendments widen the scope of the Guidelines to apply to all financial institutions (FIs) in relation to all products and services offered by FIs to users and prospective users, and introduce additional principles and guidance for selected areas.
After a period of slowdown due to increased interest rates and macroeconomic uncertainty, the second half of 2024 is poised for a strong resurgence in M&A activities. Staying up to date on the latest market trends and legal developments is critical. In this article, our Baker McKenzie lawyers share guidance on these anticipated regulatory challenges and their impact on M&A transactions, and provide direction for transaction parties on how to navigate such challenges successfully
We are pleased to present the second edition in 2024 of Ukrainian Laws in Wartime: Guide for International and Domestic Businesses, a brief overview of the key features of wartime legislation.
This guide presents an overview of the legal system and business regulations for companies operating in or considering investment into Kazakhstan.