Automotive Development in Italy: New Investments from China
Italy, and Europe more generally, is a global benchmark for the automotive industry as home to several of the world's largest and most iconic car companies. In this period of economic recovery, following re-openings and the easing of restrictive measures, both the Italian government and foreign companies have decided to focus on this...
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Opening a Business Bank Account in the UAE
Investing in the United Arab Emirates (UAE) is quite straightforward, and is encouraged by a business-friendly legal, regulatory, and financial environment. As one of the world’s freest economies with a globally-minded business culture, the UAE is a stable, investor-friendly global hub.
Opening a bank account for business, as on...
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Severance and Tax for Cancelling/Terminating Labor Contracts in China
If a company intends to CANCEL (解除) or TERMINATE (终止) a labor relationship with certain employees, the company may have to consider the right approach to cancel/terminate. Furthermore, the company may also be concerned about whether it needs to pay severance and how to calculate such severanc...
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India’s New Norms on Corporate Social Responsibility
Introduction
The concept of Corporate Social Responsibility (CSR) found its position in India for the first time under the revised Companies Act, 2013. Prior to the new Companies Bill of 2012, the provision of CSR was loosely available to companies to spend their monies in a limited way on CSR activities b...
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Real Estate Vietnam 2022: Resolutions and Goals for improving the Land Law
After more than 8 years of implementation of the Vietnam Land Law 2013 (45/2013/QH13), important results have been achieved on land management, with a comprehensive, stable, and practical legal corridor for the exploitation and use of land which laid the foundation of the Vietnamese real estate market and making positive contribution...
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India’s Net Zero Carbon Emission Pledge by 2070
Introduction
In the recent World Leader Summit conducted at the United Nations Climate Change Conference COP26, India announced that it would be net zero by 2070. ‘Net zero’ refers to the year by which greenhouse gas emissions produced will be balanced by those that are absorbed.
India is the world...
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Changes of Foreign Investment in China after the FDI Law
The Foreign Investment Law (“FDI law”) has been effective since 2020 which has replaced the previous 3 foreign investment related laws and become the new milestone for foreign investment management trends in China. Foreign-invested companies in China have been experiencing a transitional period and may have adopted certain change...
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India’s Bi-lateral Trade Agreements
Introduction
Over the past 5 years, India’s involvement in the signing of trade deals has been on an incredible rise. The Free Trade Agreements and Economic Corporation and Partnership Agreements are designed and drafted in a manner that benefits countries in reducing trade barriers, eliminating tariffs and in gai...
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Smart Working in Italy – The New Rules from September 1st
In Italy, along with the re-opening and easing of restrictive measures related to Covid-19, the emergency phase of smart working, which had provided for simplifying derogations to the current regulations, have ended from August 31st, 2022. As a result, as of Sept. 1st, 2022, Law No. 122/2022 has come into effect...
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Punitive Damages against Trademark Infringement in China
Introduction
China first introduced Punitive Damages in the 2013 amendment to the Trademark Law, which determines the amount of damages for serious infringement of the exclusive right of trademark at a rate of more than double or less than three times the amount of damages already determined. The amount of punitiv...
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