In brief On 3 November 2020, the Financial Services and the Treasury Bureau (“FSTB”) of the Government of the Hong Kong Special Administrative Region launched a consultation1 (“Consultation”) on proposals to enhance anti-money laundering and counter-terrorist financing (“AML/CTF”) regulation in Hong Kong under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (“AMLO”).…
With the end of the Brexit transition period rapidly approaching, regulated firms must ensure that they are prepared to comply with their new obligations from 31 December 2020 when EU law ceases to have effect in the UK and the post-Brexit UK regulatory regime will instead apply. The European Union (Withdrawal) Act 2018 (EUWA) will “onshore” into UK law existing EU legislation which has direct effect in the UK at the end of the transition period and preserve existing UK laws which implement EU obligations. As part of this onshoring process, some legislation and regulatory requirements have been amended so that they work in a UK-only context, which means that there will be some areas where the requirements on firms and other regulated persons have changed.
Before the outbreak of the COVID-19 pandemic, the global oil and gas industry was at an inflection point.…
Shelter-in-place or stay-at-home orders have been prevalent throughout the United States since March 2020 as state and local governments have sought to protect their citizens from the spread of the COVID-19 virus while at the same time reopen their economies in accordance with phased reopening plans. Keeping abreast of the…
Amidst the planetary emergency of climate change, the COVID-19 pandemic is testing modern civilization’s preparedness for shocks across…
We are pleased to announce the release of the Global Oil & Gas Survey: Response to the Oil Price Crisis.
This multijurisdictional survey current to Q4 2020 summarizes the response of 24 key oil producing jurisdictions to the 2020 oil price crisis and the drop in demand resulting from the COVID-19 pandemic. For each of these jurisdictions our Baker McKenzie oil & gas experts have outlined the government’s response to the crisis, the ensuing sector vulnerabilities, as well as certain critical issues to watch out for — including the implications for the energy transition for each country. An interactive map enables clients to easily access jurisdictions of particular interest.
Partners Tracy Wut and Derek Poon were featured in Private Equity International’s Keynote Interview, entitled “China’s rebound creates domestic PE opportunities.” In this interview they reflected on the impact of COVID-19 on PE firms and portfolio companies and its ramifications on deal activity in China. They also discussed the effects…
Our lawyers present a session on Basic: How to determine the origin of your products (Customs) as part…
China played a key role in supporting Latin America to recover after the 2008-2009 global financial crisis. Will…
Special Edition: Finding Balance – Financial Sponsors In this special edition, Michael Fieweger, a partner at our Chicago office, talks with Ying Yi Liew about the future of financial sponsors — private equity/credit funds, asset management and sovereign wealth funds — as the industry transitions into the business renewal phase. Basing on client, industry and legal…