On 16 April 2021, the Stock Exchange of Hong Kong Limited (“HKEX”) published a consultation paper on the Review of Corporate Governance Code and Related Listing Rules1 (the “HKEX Consultation Paper”) setting out proposals aimed at enhancing directors’ independence, board diversity and ESG disclosure and standards (among others). The HKEX also proposes to revise the […]
Vietnam’s Law on Competition came into effect on July 1, 2019, replacing the 2004 version of the law. In June 2018, Vietnam passed the new regulation, which focuses on competition restraining agreements, market dominance, economic concentration, and unfair practices. Scope of the law The new law has expanded its scope and now includes both Vietnamese and foreign […]
2020/2021 has been a remarkable year for competition law practitioners in Hong Kong: the Competition Commission (“the Commission”) has been increasingly active in initiating investigations and commencing enforcement actions against parties which contravened the First Conduct Rule and the Second Conduct Rule of the Competition Ordinance (Cap 619, “the Ordinance”). Whilst a number of proceedings […]
Besides his family, Torben Welch has two great passions: the law and soccer (football). With both, he drew inspiration from heroes he admired, but predictably only one of those passions has given him a career spanning two decades. This has taken Torben from his native Denver to Utah via legal networks stretching across the US, […]
RKKW’s Client, the majority shareholder in a limited liability company operating mainly in the trading sector, has obtained security in the commercial litigation concerning the expulsion of the shareholder from the company. Court has recognized that it is justified to suspend the exercise of the opponent’s corporate rights related to his shares. The court has […]
Authors: Luis Blanquez and Jon Cieslak Deferred prosecution agreements (“DPAs”) in the antitrust world have been a hot topic on this side of the Atlantic during the past two years. DPAs seem to be slowly becoming an efficient instrument for the Department of Justice to tackle antitrust conspiracies, and we expect this trend to continue. What is a DPA? A […]
A Miami federal court on 21 April sentenced Edoardo Orsoni, a former general counsel at Venezuela’s state-owned oil company PDVSA, to three years’ probation. Orsoni is the latest to be sentenced in the US Department of Justice’s expanding investigation into corruption connected to Petróleos de Venezuela SA (PDVSA). Orsoni, who admitted to accepting bribes in […]
Busy – it’s a phrase I’ve been using a lot lately, when someone asks, “How are you?” my go-to-answer has been “Busy!”The dictionary has ‘similar’ words associated with busy in the negative… Busy (bizi)Adjective: having a great deal to do – hard-pressed / time-poor / have one’s hands fullVerb: keep oneself occupied – distracted / […]
On 16 April 2021, the Stock Exchange of Hong Kong Limited (“HKEX”) published a consultation paper on the Review of Corporate Governance Code and Related Listing Rules1 (the “HKEX Consultation Paper”) setting out proposals aimed at enhancing directors’ independence, board diversity and ESG disclosure and standards (among others). The HKEX also proposes to revise the […]
In this April edition, we provide a recap of Indonesia’s new regulations enacted in January 2021 – March 2021 and an executive summary related thereto. We have classified the list of regulations to number of sectors such as general corporate, manpower, banking and financial services, taxation, etc. You can read our regulations update here. We […]
Radca Prawny. Zeszyty naukowe nr 16 Krzysztof Jasiński This paper constitutes a commentary to the Polish Supreme Court’s ruling dated December 20, 2017, in which the possibility to commence a proceeding for establishment of non-existence of a general meeting’s resolution has been confirmed. The author agrees with the Supreme Court ruling, as supporting the view […]
If a business wishes to engage in import and export activities as well as domestic distribution (i.e., retail, wholesale, and franchising trade activities) in Vietnam, the most common method chosen is to establish a trading company. Generally, a trading company is inexpensive to establish and can be of great assistance to foreign investors by combining […]