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On 10 April 2020, the prime minister approved, under Decision No. 503/QD-TTg, a mission to formulate a national infrastructure plan for oil and gas reserves and supply for the 2021-2030 period, with a vision to 2050. In accordance with this decision, on 31 December 2021, the Ministry of Industry and Trade released a draft for comments from relevant agencies. The Draft Plan covers two main areas: reserves, and supply.

Vietnam has introduced a new extended producer responsibility regime that places responsibility on producers and importers to manage waste associated with the full life-cycle of their products. EPR in Vietnam is implemented via Decree No. 08/2022/ND-CP implementing some Articles in the Law on Environmental Protection, and Circular No. 02/2022/TT-BTNMT on the Detailed Implementation of some Articles in the Law on Environmental Protection.

On 4 January 2022, the new UK foreign investment review regime under the National Security and Investment Act 2021 came into force. The new rules require businesses and investors to submit mandatory notifications for certain acquisitions of, and investments in, companies active in 17 key sectors of the economy. They also grant the Government extensive powers to investigate and impose conditions on a wide range of transactions (including both corporate investments and asset transactions) on national security grounds.

Baker McKenzie’s Sanctions Blog published the alert titled “US Government imposes expansive OFAC sanctions on Russia, sanctions certain additional Belarussian entities” on 27 February 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.

Baker McKenzie’s Sanctions Blog published the alert titled “Canada imposes additional sanctions on Russia, ends issuance of permits for export and brokering of controlled goods and technology” on 27 February 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.