Effective from 1 January 2021, the Shanghai Anti-Unfair Competition Regulations (“Regulations”) require all business operators in Shanghai to strengthen their internal controls and compliance management.
Our alert discusses the implications of this significant development, which is the first time that the concept of a compliance program has been introduced into Chinese laws and regulations.
Please join us for a new weekly video series, hosted by Baker McKenzie’s North America Government Enforcement partners Tom Firestone and Jerome Tomas.
This weekly briefing is available on demand and will cover hot topics and current enforcement actions related to white collar crime and criminal investigations in the US and abroad to arm you with the information you need to start your business week.
As one of the largest global law firms, we will call upon our exceptionally deep and broad bench of white collar experts throughout the world and particularly in the commercial hubs of Europe, Asia, Africa and Latin America to join our weekly discussion series.
Please join us for a new weekly video series, hosted by Baker McKenzie’s North America Government Enforcement partners Tom Firestone and Jerome Tomas.
This weekly briefing is available on demand and will cover hot topics and current enforcement actions related to white collar crime and criminal investigations in the US and abroad to arm you with the information you need to start your business week.
As one of the largest global law firms, we will call upon our exceptionally deep and broad bench of white collar experts throughout the world and particularly in the commercial hubs of Europe, Asia, Africa and Latin America to join our weekly discussion series.
On 6 October and 19 December 2020, Kazakhstan’s President signed Law No. 365-VI ZRK1 and Law No. 384-VI ZRK2 (“Amendments”), respectively, which introduced certain changes to the country’s anti-corruption legislation, including the Anti-Corruption Law,3 Criminal Code4 and Civil Code.5 Law No. 365-VI ZRK became effective on 18 October 2020, and Law No. 384-VI ZRK came into effect on 31 December 2020.
Read publication In this regional update, we provide you with a practical overview of the most notable antitrust…
Hong Kong’s Securities and Futures Commission (SFC) published a number of developments to its open-ended fund companies (OFC) regime in the last few weeks of 2020. On 23 December 2020, the SFC released both its conclusions (“Conclusions”) on the customer due diligence (CDD) requirements for OFC consultations and updated frequently asked questions (FAQ) relating to OFCs to clarify custodial requirements.
The Conclusions represent the culmination of the SFC’s further consultation on the CDD requirements to be imposed on OFCs, as released in September 2020 in its consultation conclusions related to further enhancements to the OFC regime (“September Conclusions”).1 The new CDD requirements will come into effect after a six-month transition period following the completion of the legislative process to amend the Securities and Futures Ordinance (SFO). The September Conclusions contained, amongst other things, liberalisation of the types of entities that can act as custodian and the updated FAQ provide clarification of the requirements for an OFC’s custodial arrangements. We discuss the Conclusions and updated FAQ in more depth in this Alert.
READ PUBLICATION Welcome to the January 2021 edition of Baker McKenzie’s International Trade Compliance Update. Here are the highlights: WTO: UK and Switzerland to participate in revised procurement agreement, Covid-19 trade measures, TBT notifications, trade policy review of Macao, recent disputes and DSB activities. WCO: announcements and news releases. Other…
On December 16, 2020, US Department of the Treasury delivered to Congress the semiannual Report on Macroeconomic and…
In brief The Fair Work Amendment (Supporting Australia’s Jobs and Economic Recovery) Bill 2020 (“Bill”) was introduced into…
The Act for Amendment of the Antimonopoly Act (“Amendment”) was enacted on 19 June 2019, and was promulgated on the 26th of the same month.