Belarus as a Major “Gate” to Europe: The Ratification of The China-Belarus Agreement on Automobile Transportation of Passengers and Commodities
On November 13th, 2019, the house of representatives of the Belarus National Assembly ratified the Agreement between the Government of Belarus and the Government of China regarding the international automobile transportation of passengers and commodities (hereinafter referred to as the "Agreement") which was signed by both countries ...
Italian Budget Law 2020: Tax Relief for the Recruitment of Young People under 35
The latest data from Istat (National Institute of Statistics) shows that the unemployment rate among young people in Italy has reached 28.7% and is thus particularly worrying.
To cope with this alarming situation, while at the same time favoring companies that, despite their interest in recruiting new employees, are conc...
The Amendment to Arbitration Laws in India: Is it more MNC friendly?
The latest amendment to the Arbitration and Conciliation Act of 1996 which governs arbitral proceedings in India, has been passed with the clear objective of implementing the policy of “ease of doing business in India” and working towards making India a hub for international commercial arbitrations.
The much awaited a...
Encryption of Your Commercial Activities: The First PRC Law Issued in the Field of Commercial Cryptography
Overview of the Legislation
On October 26th ,2019, the Standing Committee of the National People's Congress of China approved <Cryptography Law of the People's Republic of China> (hereinafter referred to as “Cryptography Law”...
The potential impact of the social credit system on foreign enterprises in China
In 2014, China published the Planning Outline for the Construction of a Social Credit System (2014 - 2020) (hereinafter referred to as “Outline”), China has since then actively prompted its establishment, rendering the year 2019 a key point for such a grandiose maneuver. In light of the ongoing PRC-US trade war, the impacts of th...
Negotiations for the EU-China Agreement on the Protection of Geographical Indications have finally concluded
On November 6th 2019, after eight years, the negotiations between China and the European Union on the Geographical Indications Agreement were finally concluded.
This landmark Agreement will protect 100 European Geographical Indications in China and 100 Chinese Geographical Indications in the EU against imitatio...
Labelling of Made in Vietnam products
The number of companies that are looking to invest in Vietnam is constantly increasing and it is essential for anyone aiming to intelligently invest, to have a proper understanding of the business environment and the relevant regulations. Keen observers would also be aware that Vietnam has also been under the radar due to the conveni...
The Facilitations for Innovative Start-Ups in Italy: The New Decree 17 October 2019
On 17 October 2019, a new decree from the Ministry of Economic Development on innovative start-ups facilitations was published in the Italian Official Journal, which modifies the old scheme by making the access, granting and disbursement procedures for facilitated loans both easier and faster.
The subsided loans may be granted to ...
The Risks of Not Signing A Written Labor Contract
Last month, we published an article suggesting that employers should sign labor contracts with their employees to avoid being punished and having to pay double wages, today, we will continue to explore this topic and elaborate on further risks employers may encounter if they do not sign a written labor contract as well as the dangers...
$1.5 Billion Initiative: Amendments to The Information, Information Technology and Information Protection Law
On October 11 Nasdaq shares of Yandex N.V., the parent company of Russian flagship internet company Yandex, suffered a 16% drop equal to $1.5 billion loss of capitalization. The the fall with the news of the amendments of the Information, Information Technology and Information Protection Law (Information Law).
As a means of backg...