The Continuation of the “Phase 2” of Containment of the COVID-19 Emergency in Italy: Decree Law No. 33/2020 and the Prime Ministerial Decree of 17 May 2020
With the Decree Law No. 33/2020 (hereinafter, “DL 33/2020”) and the Decree of the President of the Council of Ministers of the 17th of May 2020 (hereinafter, “DPCM 17/5”), the Italian Government has established new measures to contain the COVID-19 emergency, which will ease the restrictions on mobility and allow th...
FDI in UAE: Insight into the Positive and Negative List
The Advent of FDI Law in the UAE
In September 2018, the UAE Cabinet amended the UAE Commercial Companies Law to introduce the UAE Foreign Direct Investment Law (FDI Law). Prior to the introduction of the FDI Law, all onshore UAE Limited Liability Companies (LLCs) ...
SEZ as an Open Door to CIS Countries: Belarus
A large market of around 182 million consumers along with a rich endowment of natural resources—especially oil—has focused investors’ attention to the markets of the Commonwealth of Independent States (CIS) countries, including Armenia, Belarus, Russia, Kazakhstan, Kyrgyzstan.
Significant differences in the regulatory regime...
New Compliance Requirements for E-Commerce Platforms under The E-Commerce Law
Before the appearance of E-Commerce Law of the People's Republic of China (hereinafter referred to as The E-Commerce Law), there was no specific law regulating E-Commerce subjects and behaviors in China. As the first specific law that regulates E-commerce activities conducted within...
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: