News on the Laws on Investment and Enterprise Sep02

News on the Laws on Investment and Enterprise

The new amendments to the Law on Investment (LOI) and the Law on Enterprise (LOE) will enter into force on the 1st of January 2021, although certain provisions will kick in from this September. There are several changes with regard to incentives and business lines. Foreign investors should be more affected, in a positive ...

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How will the Civil Code Affect the Management of Commercial Contracts? Aug26

How will the Civil Code Affect the Management of Commercial Contracts?

The Civil Code of the People's Republic of China (hereinafter referred to as "Civil Code") which will come into effect on January 1st, 2021, has made a variety of amendments and innovations to the section on contracts. As there are a large number of contract cases in judicial practice, in this article, we will compare the new and ol...

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5 Advantages of Setting Up an Offshore Company in the UAE Aug21

5 Advantages of Setting Up an Offshore Company in the UAE

Since the introduction of offshore companies in the UAE in 2003, the UAE has become one of the most attractive jurisdictions to set up an offshore company for large corporations all over the world. An offshore company can be owned by individuals or a corporation and is a business entity which does not carry out any business operation...

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The EU versus COVID-19: The Recovery Fund Aug19

The EU versus COVID-19: The Recovery Fund

On  July 21st , at the end of a long negotiation between European heads of state (in particular between the southern states and the "frugal" countries), the European Council launched a historic aid package to deal with the economic shock caused by the Coronavirus emergency. The measure approved by the Council marks an hi...

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How Will PERSONALITY RIGHTS OF THE CIVIL CODE Influence a Company’s Employee Management? Aug14

How Will PERSONALITY RIGHTS OF THE CIVIL CODE Influence a Company’s Employee Management?

As previously introduced, the Civil Code of the People's Republic of China (hereinafter referred to as “Civil Code”) was approved by the National People’s Congress of the People’s Republic of China on May 28th, 2020, which will come into force on January 1st , 2021. In the Civil Code, one uni...

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Receive Dividends from Russia Aug12

Receive Dividends from Russia

Generally, one of the main concerns of foreign investors in Russia is the transfer of funds out of the country, most frequently in regards to dividends transfers. To be clear on this point, the payment of dividends by a Russian company to a foreign shareholder is subject to taxes, but is not generally restricted by Russian la...

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Case Study on Enforceability of Non-Compete Clauses under Indian Laws Aug07

Case Study on Enforceability of Non-Compete Clauses under Indian Laws

Facts In 2018, Mr. Amit Kumar, joined Mobile India, an electronics manufacturing company in Mumbai, India as the Plant Manager. Under his employment agreement with Mobile India, Mr. Amit Kumar could terminate his employment after serving a notice of 2 months. The employment agreement also included a provisi...

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Chopping Documents with a Vietnamese Company Seal Aug05

Chopping Documents with a Vietnamese Company Seal

In Vietnam, company seals are deemed as the personal signature of the company and are used to certify the nature of documents and prove their official origin. They are mainly used for transactional documents of a company or any other official document. A company shall take the responsibility for the content and use of its seals. A se...

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Mark the date! China’s “Civil Code Era” Has Arrived! Jul31

Mark the date! China’s “Civil Code Era” Has Arrived!

On May 28th this year, the third session of the 13th National People's Congress held its closing session in the Great Hall of the People, and the People's Republic of China's Civil Code was passed by a vote and will become effective from January 1st, 2021. Sourcing the origin of the Civil Code, the very beginning of the use of the...

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Italy: Latest Updates on Incentives, Employment and Taxation Jul22

Italy: Latest Updates on Incentives, Employment and Taxation

On July 14th, the new Decree of the President of the Council of Ministers entered into force (henceforth referred to as DPCM 14/07) introducing "Urgent measures to contain the contagion on the whole national territory". The adoption of the aforementioned DPCM, in reality, has become necessary in order to extend the expiry of the rule...

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