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…
The Doing Business in China guide provides an introduction to selected aspects relating to investment and business…
Welcome to the “BM for Startups” project by Baker McKenzie Prague The program is intended for startups in…
Welcome to our first Virtual Global Trade Conference, a virtual offering for all our clients and friends worldwide. Baker McKenzie’s international trade compliance lawyers from around the world discussed the major developments impacting international trade, in eight one-hour sessions which took place from 14 to 16 July 2020. Below you…
Singapore updated its strategic goods control regime on 3 August 2020 to ensure robust administration of controls and effective risk assessments, while ensuring the facilitation of legitimate trade. Key amendments include ensuring individual and bulk permit holders have access to English translations for strategic trade records kept in other languages. For bulk permit holders, expanded document categories under recordkeeping requirements and monthly reporting will apply. A new offence has also been created for failing to amend permits in the event that information submitted under initial permit application processes subsequently change.
The Canadian government has temporarily extended three key time limits applicable under the national security provisions of the Investment Canada Act (ICA), potentially introducing more uncertainty for foreign investors and impacting deal timelines for transactions involving Canada. The extended time limits will apply to most transactions implemented or subject to a filing under the ICA between 31 July and 31 December 2020.
Read publication This Doing Business Guide to Hong Kong summarizes the requirements for the establishment and maintenance of a Hong Kong company and a branch and a representative office of a non-Hong Kong company, covering issues such as corporate services, taxation, immigration, mandatory provident fund, leasing, employment contracts and company…
On June 5, 2020, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) published four Frequently Asked…
The US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) recently designated as Specially Designated Nationals…
On 18-19 June 2020, senior officials from the European Medicines Agency (EMA), the European Commission and the US Food and Drug Administration (FDA) held a meeting to review their ongoing joint initiatives, discuss strategic priorities for the coming years and identify areas where their collaboration could be strengthened.