Cross-Border enforcement is enjoying something of a moment. Over the last few years, we have witnessed sustained efforts to improve enforcement across borders. The New York Convention continues to gain signatories, with only a handful of jurisdictions now outside its scope. The Hague Convention on Choice of Court Agreements, which…
In brief With the end of the Brexit transition period rapidly approaching, EEA firms wishing to operate in…
A proposal by the US Securities and Exchange Commission to amend the definition of “accredited investor” in Rule…
James Burdett, Jon Unger and Johanna Asplund analyze GP-led liquidity solutions in a feature article for the October 2020 issue of PLC Magazine.
On 1 September 1 2020, the National Superintendence of Cryptoassets and Related Activities (“SUNACRIP”) issued Administrative Guidelines No. 057-2020, which established the requirements and procedures for delivering and receiving cryptoassets remittances to individuals in Venezuela (“Guidelines”)1
On September 15, 2020, the Office of the Superintendent of Banking Sector Institutions (“SUDEBAN”) issued Resolution No. 041.20, which established temporary measures for evaluating credit portfolios, the creation of provisions in risk categories, the execution of guarantees and special conditions for credits granted before the entry into force of the Decree No. 4.1681 of March 23, 2020 (“Resolution”).2 The Resolution entered into force on September 15, 2020.
In this series of podcasts, our Baker McKenzie speakers explore the challenges and risks encountered by businesses amidst the constantly changing legal and regulatory landscape. We share insights around the various legal and compliance issues which will be illustrated with a factual scenario. The series will include topics relating to…
The Indonesian Financial Services Authority (OJK) has issued OJK Regulation No. 44 of 2020 on Risk Management for Non-Bank Financial Institutions. Non-bank financial institutions under this regulation include insurance companies, pension funds and financing companies. This regulation replaces OJK Regulation No. 1 of 2015 on the same subject matter. This regulation has already come into effect.
In this publication, we focus on the impact of the regulation on insurance companies and insurance intermediary companies. For the purpose of this publication, ‘insurance companies’ also refers to insurance intermediary companies.
Businesses have to be adaptable when navigating the business and legal impact of the COVID-19 pandemic. Our Resilience,…
The UK Government’s refusal to request an extension to the Brexit transition period, along with the outstanding issues in the negotiations, means that the chances of the EU and the UK trading on a “no-deal” basis as of 1 January 2021 have increased. It is vital, therefore, for companies to…