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United States: Corporate Compliance Monitorship and Data Privacy Considerations

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In October 2018, the Benczkowski memorandum was published reconsidering the U.S. Department of Justice's approach to the use of corporate monitors to ensure that...

US: How Key US Oil and Gas Producing Jurisdictions are Responding to the Oil...

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Baker McKenzie’s North America Energy response team recently surveyed a number of key oil and gas producing jurisdictions across the United States - representing...

UK: Opportunities in Distressed M&A

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The COVID-19 pandemic is likely to give rise to a wave of distressed companies looking for buyers or investors. With depressed valuations and significant...

Venezuela: The Autonomous Service for Registries and Notaries (SAREN) informed about the incorporation of...

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The  Autonomous Service of Registries and Notaries (“SAREN”) published on June 14, 2020 in its website’s news section and in its social media1 an announcement about the incorporation of Commercial Registries, Public Registries, Public Notaries and Principal Registries (“Registries and Notaries”) to the 7+7 easing timetable established by the National Executive.The 7+7 easing timetable consists of seven quarantine days per seven easing days, until there is a vaccine for COVID-19. Registries and Notaries will only open in specific work hours within the seven days of the easing period.To this date, no regulation in this respect has been published through an Official Gazette.

International: European Commission publishes White Paper suggesting new EU filing obligations for Companies that...

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The European Commission ("Commission") published a White Paper proposing to create three new review mechanisms aimed at addressing the potential distortive effects caused by foreign subsidies in the Single market generally; in acquisitions of EU companies; and during EU public procurement procedures. A public consultation is now open until 23 September 2020 during which stakeholders can provide their views on the options set out in the White Paper. The new mechanisms would apply to all non-EU companies benefitting from non-EU subsidies. New filing obligations would apply if non-EU subsidies might have a distortive effect on competition on the EU market.

United Kingdom: COVID-19 and consumer law issues – refunds and cancellations, the holiday accommodation...

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The CMA has begun to take action against businesses operating in the holiday accommodation sector that it considers are failing to comply with the law.This follows the CMA guidance in late April on consumer cancellations and refunds, and the announcement that it would be focusing on the sectors against which it had received the most complaints. On 9 June the CMA press release stated that "following CMA action, a major holiday lets company is now offering refunds for cancelled bookings, while others are facing further scrutiny over their policies".

United States: Idaho’s Supreme Court means business, handing taxpayers a win on definition of...

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The Idaho Supreme Court recently affirmed a District Court's judgment that the gain from the sale of a 78.54% membership interest in a limited liability company did not constitute 'business income' under Idaho Code section 63-3027.  In Noell Indus. Inc. v. Idaho State Tax Comm'n, Docket No. 46941 (Idaho 2020), the court determined that “this type of gain does not meet the definition of ‘business income’ under either the transactional test or functional test (including the unitary business test),” and was therefore not apportionable income.

Hong Kong: Does your company have an effective whistle-blowing program? What Hong Kong companies...

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Whistle-blowers have been a prominent feature of the ongoing COVID-19 crisis. From the medics across the globe who have blown the whistle on supply shortages, misleading information regarding effective treatments and risk measures, whistle-blowers have been a vital source of information during the pandemic. Companies have also been challenged with increasing numbers of whistle-blowing reports during this period in areas including fraud, corruption and harassment.  Although there is no comprehensive law in Hong Kong requiring companies to implement a whistleblowing policy and procedure, it is a best practice component to any compliance program and an essential tool to combat internal misconduct and to ensure compliance with laws and regulations.

Global Private Investment in Public Equity (PIPE) Guide

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Our Global PIPE Guide sets out a comparison of the key features and requirements applicable to PIPE deals in a number of jurisdictions around...

Global: COVID-19: Government Intervention Schemes Guide

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Countries around the globe are facing unprecedented and rapid change due to the COVID-19 pandemic. The Government Intervention Schemes Guide provides a summary of...
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