Force Majeure and COVID-19: An Indian Law Perspective
Case Study: Hindu Auto, a manufacturer of auto parts in India entered into a supply contract with Cino Motors, an auto manufacturing company in China, and under such supply contract, Hindu Auto provides a monthly supply of auto parts to Cino Motors. Up until the month of March, Hindu Auto had fulfilled its contractual obligations, ho...
The EVIPA Ensures Investment Protection and Alternative Dispute Resolution for EU Investors in Vietnam
In February, the European Parliament ratified the Free Trade Agreement (EVFTA) and the Investment Protection Agreement (EVIPA) between the European Union (EU) and Vietnam, coupled with the National Assembly of Vietnam subsequently ratifying the EVFTA and EVIPA at their May 2020 meeting.
While the most discussed Agreement is by far...
Electronic Signature – A “New” Way of Doing Business
Along with the development of e-commerce, more and more people are becoming more accustomed to signing an online contract with other parties. Due to the pandemic, companies now frequently carry out smart business through online meetings or documents. The electronic signature, as a necessary element of an online contract, plays an imp...
“Phase 2″ of COVID-19 Emergency Containment in Italy: DPCM 26 April 2020
With the approval of the Decree of the President of the Council of Ministers dated 26th of April 2020 (hereinafter referred to as “DPCM 26/4”), Italy is preparing to enter the so-called "Phase Two" of the COVID-19 emergency containment measures.
The DPCM 26/4 replaces the previous Prime Ministerial Decree dated th...
Free Trade Zones (FTZs) of UAE – Here’s 5 Reasons Why?
The UAE is a federation of seven emirates (Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah and Umm Al Quwain) strategically located between Europe, Africa and Asia. The UAE ranks #16 in the World Banks Ease of Doing Business 2020 rankings and in conjunction with investor friendly legislation, a strong financial and banking...
Recent Amendment in the FDI Policy of India Due to COVID-19
On April 18th, 2020, the Central Government of India amended the Consolidated FDI Policy 2017 (“FDI Policy”), to curb “opportunistic takeovers/acquisitions of Indian companies” due to COVID-19. Under the press note the following two new restrictions have been introduced:
Balancing Company Labor Expenses During the Pandemic in Russia
According to information from the anti-coronavirus crisis in Russia, the number of novel coronavirus cases has surpassed 15,770, affecting 82 regions. As the curve shows progressive growth in the number of contaminated areas in Russia, new strict administrative measures for people and companies have been introduced.
It shall be me...
The Role and Liability of Legal Representatives in Foreign Invested Companies
According to PRC law, the legal representative of a company generally refers to a person who is authorized to exercise power on behalf of the company. Foreign-invested enterprises in China also need to appoint legal representatives. The legal representative has a dual identity and status: internally he/she is responsible for company ...
The Latest Updates on COVID-19 Related Regulations in Italy: The “Liquidity” Decree and the Prime Minister’s Decree April 10th, 2020
In recent days, the Italian Government has adopted important measures to cope with the current epidemiological emergency, supporting the productive structure of the country.
In this respect, the so-called Liquity Decree Law (Decree-Law No. 23/2020), published in the Official Gazette on April 8th, is especially ...
Managing your Enterprise in India During COVID-19 Lockdown
In light of the increasing spread of COVID-19 in India, on March 24th, 2020, the Prime Minister of India, Mr. Narendra Modi, announced a nationwide lockdown for a period of 21 days starting from 00:00 March 25th, 2020. In a country of 1.3 billion, where hundreds of millions of citizens are impoverished and countless millions live in ...