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23 February in Russia –Defender of Fatherland Day Feb23

23 February in Russia –Defender of Fatherland Day

Many people believe that Russia is so fond of holidays, that there are even national holidays created especially for men (February 23) and women (8 March). Indeed, on February 23, men of all professions and ages, including the youngest ones, are being celebrated and congratulated. But what is the backgr...

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The ancient tradition of the Spring Festival Feb14

The ancient tradition of the Spring Festival

Chinese New Year, also known as the Spring Festival, is the first day of Chinese lunar calendar. The tradition of celebrating this Festival is very ancient and rooted in the Neolithic age, more than 4000 years ago. The legend has it that the “Year” was a monster afraid of the color red, as well as t...

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The new Equity Crowd-Funding Regulation in Italy Feb09

The new Equity Crowd-Funding Regulation in Italy

Crowd-funding means, in general, a collaborative process through which people lend their own money with the aim of supporting and financing any kind of entrepreneurial project or initiative. A group of people involved in a crowd-funding project usually meets and cooperates via web portal, which makes...

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Vietnam plans to open Special Economic Zones Feb07

Vietnam plans to open Special Economic Zones

As Vietnam is currently planning to open Special Economic Zones in the country, we believe that it would be important to describe what they are and, more specifically, what they are for. A Special Economic Zone (SEZ) is a name used to describe an area where businesses...

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“Never interfere between husband and wife” doesn’t count for debts Feb02

“Never interfere between husband and wife” doesn’t count for debts

There is a famous international saying that goes: “Never interfere between husband and wife”. Actually, when speaking of debts, this is necessary! On January 17th 2018, the Supreme Court of the People’s Republic of ...

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WECHAT PAY is finally available in Italy! Feb01

WECHAT PAY is finally available in Italy!

WECHAT PAY, an innovative mobile payment system from the Chinese messaging app WeChat, has finally reached Italy. This system stands as a valid and convenient alternative to cash payment, credit cards and home-banking services, allowing customers to pay retailers by simply scanning a QR code with the ...

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New Methods of Supervision on Outbound Investment Jan29

New Methods of Supervision on Outbound Investment

The National Development and Reform Commission ("NDRC") issued the Administrative Measures for Enterprise Outbound Investment ("Regulation No. 11") which will come into force on March 1st, 2018, to replace the Administrative Measures for the Verification and Record-filing on Outbound Invest...

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Snow in Shanghai: slipping while going to office are work injuries? Jan26

Snow in Shanghai: slipping while going to office are work injuries?

Shanghai is an incredible city, famous for several things, but snow is definitely not one of them! As it isn’t that usual to see snow falling in the city, many people have been very excited when encountering the heavy snow this week. However, due to the slippery surface on the ground, the chance of fa...

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Data Protection Laws In India Jan24

Data Protection Laws In India

The primary Indian legislation which regulates data privacy is the Information Technology (Reasonable Security Practices and Procedures and Sensitive Personal Data or Information) Rules, 2011 ("I.T. Rules") under the Information Technology Act, 2000 (“ITA”). The I.T. Rules are implemented by the Dep...

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Russia: new measures for debts of airlines Jan19

Russia: new measures for debts of airlines

Recently it was announced that the Russian Ministry of Transport and the Analytical Center of the Government of Russia have prepared a draft of criteria for the evaluation of the economic and financial state of Russian airlines. According to the Ministry, this initiative is aimed at the improvement of t...

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