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...
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...
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...
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...
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...
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...
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...
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: ...
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...
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 ...
