The EU has determined that securitisation can soften the negative economic impact of the pandemic and assist in the recovery from this impact. The European Commission proposals to amend Regulation (EU) 2017/2402 (“STS Proposal”) and Regulation (EU) No 575/2013 (“CRR Proposal”) are intended to preserve the ability of banks to continue lending to companies, especially small and medium-sized companies, by updating the current securitisation regulatory framework. Within the sophisticated Dutch securitisation market, some Dutch credit institutions have already been exploring synthetic securitisations. As a result of the introduction by the STS Proposal of a specific framework for simple, transparent and standardised synthetic on-balance-sheet securitisations, we expect many more to follow this path.
The issuance of Law No. 11 of 2020 on Job Creation (commonly known as the “Omnibus Law”) and its implementing regulations, in particular Government Regulation No. 46 of 2021 on Postal, Telecommunication and Broadcasting (“Regulation 46”) and Presidential Regulation No. 10 of 2021 on Capital Investment Business Fields (commonly known as the “Priority List”), proposes significant regulatory changes to the technology and telecommunication sectors. With the various liberalization and investment incentives offered, the government expects to boost growth in these sectors, both encouraging local players as well as attracting foreign investors.
On the other hand, the government also wants to be more involved and to have more monitoring authority in the technology and telecommunication sectors, where services can be provided and offerings can be made seamlessly from offshore to Indonesia without any actual presence in Indonesia.
The Brazilian Senate approved last week the final text of the bill for a new public procurement general law (“New Public Procurement Law”), which will substitute Law nº 8,666/1993. The final document will now be submitted to the Brazilian president for signature and/or vetoes.
In brief The Advocacy and Competition Law Secretariat of the Ministry of Economy (SEAE) published last Wednesday Public Consultation no. 02/2021, through which it seeks to receive contributions regarding potential abusive or excessive actions by federal regulators. The contributions will be used by the SEAE to develop a public policy…
The Brazilian Senate approved last week the final text of the bill for a new public procurement general law (“New Public Procurement Law”), which will substitute Law nº 8,666/1993. The final document will now be submitted to the Brazilian president for signature and/or vetoes.
In brief When identifying and producing trade secrets in discovery, both in trade secret and other litigation cases, unique risks to confidentiality and competition arise. In this video chat, North America Trade Secrets Practice members Mark Goodman and Michael Brewer offer their expert perspectives on how parties can strategically approach…
In brief On 12 March 2021, Law No. 27,613 (“Law”) was published in the Official Gazette, through which…
In brief The UK government has set out its plans to explore changes to the UK’s product safety…
In brief In response to the Conservative Party’s manifesto promise, both industry and government have agreed to make production of new drugs to patients as attractive and innovation-embracing as possible. This, coupled with MHRA emerging from under the European Medicines Agency to function as a wholly independent body, presents an…