As the Foreign Investment Law of the People’s Republic of China which has already come into effect at the beginning of 2020 had already stated, China shall establish a complaint mechanism for foreign-funded companies to timely solve the problems reported by them or their investors, and coordinate and improve relevant policy measu...
Private ownership of land is not permitted in Vietnam and the people hold all ownership rights with the State as the administrator. However, the laws of Vietnam do allow for the ownership of the Land Use Right (“LUR”). In Vietnam, the certificate of LUR, ownership of houses, and other assets attached to land is commonly known as ...
The integration of the factoring contract into the newly promulgated PRC Civil Code can be regarded as a milestone in the factoring industry. Although factoring contracts are deemed relatively unpopular compared to sales contracts, loan contracts, lease contracts and other typical contracts, the PRC Civil Code not only establishes th...
Several different options are available in order to start a business in Italy and in this article we would like to share the main steps everybody needs to adhere to in order to do so. First of all, Italian law is extremely open to new and foreign investors, and prescribes that: For investors coming from EU countrie...
It is typical for many countries to implement restrictions and limitations for foreign investment sectors in order to secure national security. Therefore, the first step for any investor considering establishing their presence in a foreign country is to understand whether the industry is open for foreign capital. According to Bloo...
The COVID-19 pandemic has not only affected the health of millions around the world but has also had a damaging effect on some of its leading economies. To control the spread of COVID-19, India went on a nationwide lockdown in the month of March which has been extended in some form or the other up until now. Despite these efforts,...
With the publishing of the text of the incoming new Civil Code of PRC China, which is to take effect from January 1st, 2021, a large number of modifications to old laws have been made. After the modifications, the conflict between the old and the new law always raises the same question: How will the success...
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 ...
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...
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...
