Introduction Dubai is the second largest out of the 7 United Arab Emirates (commonly known the UAE). Known for its luxurious lifestyles, modern architecture and bustling nightlife, Dubai is becoming home for the vast number of expats migrating there everyday. Over the past three decades, Dubai has come ...
Introduction Traditionally, Special Economic Zones (SEZs) were established to enhance trade and open the economy of a country. It was evident that SEZs attracted foreign investments and gave a real push to the industrial development in particular regions. Historically, the first SEZ was an industrial pa...
Introduction Since its implementation in 2008, Anti-Monopoly Law of the People's Republic of China (“Anti-Monopoly Law”) has produced positive effects in regulating monopolistic conduct and the market competition order, as well as protecting the rights and interests of consumers. However, in recent years, with...
In commercial transactions, it is unfortunately quite common to deal with counterparties committing violations of payment or delivery terms for goods and services. In an emerging market like Vietnam this risk is increased exponentially, especially if the collaboration with a counterparty is relatively new and the agreement has not be...
On July 7th, 2022, the Cyberspace Administration of China (hereinafter referred to as the "CAC") issued the Measures for the Security Assessment of Outbound Data Transfers (hereinafter referred to as the "Assessment Measures")...
General During its business activities, a company may encounter a situation in which its administrative body deems it appropriate to reduce its share capital. The decision on the reduction of share capital rests with the shareholders meeting, who vote at the invitation of the administrative body, with the l...
Introduction In recent years, lending by private fintech companies most commonly known as Non-Banking Financial companies (NBFCs) have been on the rise, with NBFCs in India lending to entities/individuals and companies since the year 1960. NBFCs have recently become a savior to small start-up companies ...
It should come as no surprise for international businesses that derive a significant percentage of their turnover from Chinese consumers that receiving payments from their Chinese counterparties can be a long and cumbersome process. This is especially relevant for overseas companies that do not have a permanent establishment in China...
The merger of a company shall be divided into two forms: consolidation by merger and merger by incorporation. Consolidation by merger shall refer to the circumstance where one company absorbs another or others and remains in existence while the absorbed company/companies dissolve. Merger by incorporation shall refer to the circumstan...
With the increased attention on environmental protection in Chinese society, the amended Law on Prevention and Control of Noise Pollution (hereinafter “Law”) has come into force from June 5th 2022. Since the first issuance of noise control law in 1996, China has not substantially amended noise control requests for over 20 years. ...
