Last year, the Information Security Technology – Guideline for Personal Information Protection Within Information Systems for Public and Commercial Services (the "Guideline") went into effect in China. The newly effective Guideline provides a detailed performance standard in a more systematic manner, even though the Guideline serves only as a voluntary national standard and is not mandatory by law. <br />
Foreign companies doing business in China have focused in recent days on the case of GlaxoSmithKline (“GSK”), the British multinational producer of pharmaceuticals, biologics, vaccines and consumer healthcare products headquartered in London. Articles to date, however, have been more descriptive than analytical and have focused more on the alleged acts and potential implications for the individuals allegedly involved and not as much on potential exposure for the corporate entities and those corporate officers who were not directly involved in actions violating PRC law. This article addresses those points while also placing the case in the broader context of China today.
In the wake of recent investigations into business activities in China, companies and their investors have asked how to respond to a “dawn raid” by authorities in China. PRC law provides for the rights and protections listed in this article. Your ability to implement and enforce these rights will depend, naturally, upon the circumstances and the willingness of the authorities to comply, but the starting point is to know your position under applicable law.
You are an American company expanding its business into China. You have just clinched a highly coveted multi-million-dollar deal, documented in a one hundred-page contract that seems to cover every conceivable hiccup. But that lucrative deal, which took months to close, may not be as airtight as you imagine. If a dispute arises between your company and your Chinese business partner, how can you resolve it? The Chinese business may have assets in China, but again it is difficult to enforce a US judgment in China: The two superpowers do not yet have reciprocal arrangements to recognize judgments from each other’s courts. This article explains how to manage and resolve disputes in China, and, where possible, avoid them altogether.
After more than fifty years, Civil Law in Hungary will be completely rewritten by the New Civil Code that will come into effect this year on the 15th of March. Several areas of law that have formerly been regulated in separate acts will now be incorporated into the new Code. These areas of law include family law, company law, as well as the law regarding civic organizations. Critics say that the new law sacrifices too much for dogmatic integrity and disassembles the unity of corporate law by extending current provisions for companies to all legal entities which will result, in many cases, in incomplete, inconsequent or redundant regulation. On the other hand, the concept of the new law is to provide more freedom to contracting parties. The present article seeks to summarize the ten most important matters that will have the largest influence on businesses.
How many employees have you had off work sick in the last year? Do you struggle to manage these absences? Would more detailed medical information about each employee's condition help you? Two recent cases provide useful guidance for employers in obtaining, and using employee medical reports.
Brazil's 2014 Anti-Corruption Law introduces administrative and civil liability on legal entities for illicit acts practiced against local and foreign public administration. Learn more about how this law will be enforced. This article is in Portuguese.
Early this year, the Anti-Corruption Law came into effect. It introduces administrative and civil liability on legal entities for illicit acts practiced against local and foreign public administration. Learn more about how this law will be enforced. This article is also available in Portuguese:
<p><a href="http://www.acc.com/legalresources/resource.cfm?show=1361091">The New Brazilian Anti-Corruption Law Comes Into Effect (Portuguese)</a></p>
Tax incentives granted at the federal level bolster the Brazilian economy. Those incentives apply to the oil and gas industry, in particular. Learn more about the Special Customs Regime of Export and Import of Goods destined to Exploration and Production of Oil and Natural Gas (“REPETRO”), which is one of the main incentives applicable to this industry.
Brazilian law requires arbitrators to state the reasons for their respective decisions. Failure to do so may result in annulment of the arbitral award. Learn more about recent opinions rendered by the Sao Paulo appellate court that shed some light on how much reasoning arbitrators are required to give in their awards.