On 10 November 2021, Decree 10,854 was published, addressing several infra-constitutional labor provision on various topics, such as food vouchers, registration before the Workers Feed Program, and transportation vouchers, as well as bringing new labor regulations, such as the Permanent Program for the Consolidation, Simplification and De bureaucratization of Infra-Legal Labor Regulations, and the Electronic Labor Inspection Book.
On 21 October 2021, HM Treasury published its much-anticipated consultation on the regulation of buy-now-pay-later products. The consultation arrives nearly seven months after the Treasury confirmed that it would formally consult on bringing BNPL products into the regulatory perimeter “as a matter of priority”.
In this annual webinar series, we are putting a spotlight on warehousing arrangements. Our speakers will update you on legislative and customs developments, share insights into the current practices of authorities, and provide practical tips on how you can identify opportunities, maximize benefits and mitigate risks when utilizing these warehouses as part of your supply chain solutions.
Our Banking & Finance, Competition & Antitrust, Mergers & Acquisitions and Trade partners in Johannesburg outline ten reasons to turn your attention to African trade and investment opportunities in the coming year. Some of these reasons include the rise in commodity prices, shifting patterns and alternative financing, digitization and competition law and enforcement.
Following a series of consultations, the Monetary Authority of Singapore has implemented two new cross-border exemption frameworks, which came into effect on 9 October 2021.
On 27 October 2021, Regulatory Ordinance of the Ministry of Environment No. 487, dated 26 October 2021, was published. The ordinance establishes the category Forest+Agro under the National Program of Payments for Environmental Services – Forest+, which in turn was established by Ministry of Environment Ordinance No. 288 of 2 July 2020.
On 1 November 2021, the UK Office of Financial Sanctions Implementation published an updated Charity Sector Guidance and a blog post in response to Afghanistan’s Taliban takeover in August. A copy of the Guidance is available here.
On 2 November 2021, the Ministry of Commerce of China officially released the revised Catalogue of Technologies Subject to Import Prohibition and Restriction, effective immediately, which identifies, among others, foreign “data encryption technology employing a key length greater than 256 bits” as a technology that requires import permit when transferred to a Chinese party.
On 30 October 2021, the president of Ukraine enacted four decisions of the National Security and Defense Council of Ukraine imposing personal special economic and other restrictive measures. The Decisions impose extensive sanctions restrictions, including, among others, asset freezes, restriction on the exit of capital from Ukraine, a ban on trade operations and the transit of resources, flights and transportation within the territory of Ukraine, and the suspension of the performance of economic and financial obligations, etc., upon legal entities and individuals involved in various activities.
During the latest session of the Technical Committee on Customs Valuation, the TCCV adopted Advisory Opinion 4.19, a new instrument on royalties and license fees under Article 8.1(c) of the Customs Valuation Agreement.