Recent Articles

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  26/04/2024

  United Kingdom

  World IP Day: Could IP help fuel the renewable energy transition in Scotland and beyond?

  The need to facilitate the transition to renewable energy and pressure to meet sustainable development goals continues to grow. As such, World IP Day seems an apt time to consider the vital role IP is playing in harnessing Scotland’s wealth of natural energy resources, by encouraging and protecting innovation.IntroductionIt is clear that the transition to renewable energy will rely heavily on new technology and innovation. This can be protected by a mixture of registered and unregistered IP such as patents, trade secrets, confidential information and copyright. Ensuring relevant IP protection...

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  26/04/2024

  EU

  Update on the AML-CTF Package: Formal Adoption by the European Parliament on 24 April 2024

  Following the political agreements which have been reached earlier this year, the European Parliament has now adopted the last remaining texts of the AML-CTF Package on 24 April 2024.By way of reminder, the AML-CTF Package is composed of four legislative proposals aiming at harmonising and strengthening AML-CTF rules in the European Union:Regulation 2023/1113 on information accompanying transfers of funds and certain crypto-assets, which has already been adopted last year and will enter into force on 30 December 2024;Proposal for a Directive on the mechanisms to be put in place by the Member States...

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  26/04/2024

  EU

  ELTIF 2.0: new RTS amendments submitted by the European Commission

  The European Commission (the Commission) has recently submitted a communication to the attention of the European Securities and Markets Authority (ESMA) proposing certain amendments to the draft Regulatory Technical Standards (RTS) for the new ELTIF 2.0 regime. These proposed amendments bring positive developments for the funds industry. Here are some of the key proposals:Redemption notice period: the minimum 12-month notice period for redemptions would be removed;Liquidity requirements: the high liquidity requirements will shift from a rigid “one-size-fits-all” approach to...

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  26/04/2024

  Belgium

  Belgian Competition Authority authorises sale of 54 Louis Delhaize supermarkets to Colruyt

  On 12 April 2024, the Belgian Competition Authority authorised the sale of 54 of 57 Louis Delhaize supermarkets under the brand Smatch, Match and Louis Delhaize to the Colruyt Group under merger control. The transaction was approved in the first phase after modification of the project by the parties.The prenotification of the project, which took place in October 2023, initially concerned the Colruyt Group’s acquisition of 57 Smatch, Match and Louis Delhaize supermarkets that belonged to the Louis Delhaize Group. The project was formally notified on 2 February 2024.The Investigation Service...

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  26/04/2024

  Turkiye

  Proposed EU Directive on Harmonisation of Insolvency Law could safeguard Turkish creditors, if adopted

  Insolvency proceedings and avoidance actions play a significant role in safeguarding creditors' interests and maximising the insolvency estate in Türkiye. The European Commission's Proposal for a Directive (COM (2022)702) aims to harmonise contestation rights in insolvency across EU member states. Although Türkiye is not an EU member states, Türkiye has similar avoidance actions regulated under its own insolvency legislation, the Turkish Enforcement and Bankruptcy Law (EBL).OverviewSimilar to the EU’s proposed Directive, the EBL contains provisions for the annulment of transaction...

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  26/04/2024

  China

  Chinese Tax Regulation Update - March & April 2024

  The latest development in China Tax Regulation mainly includes:Fa Shi [2024] No. 4 released jointly by the Supreme People's Court and the Supreme People's ProcuratoratePlease click here to read the full article.

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