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In Antitrust / Competition

Africa: The increasing focus on public interest concerns in competition policy

by 7 Mins Read

Competition authorities the world over have observably expanded their consideration of transactions from applying a purely competition-focused lens to one that incorporates the broader needs of society. Many African merger control regimes have developed a competition policy approach that balances traditional competition law considerations with public interest concerns, especially in terms of market concentration, access to competitive markets for small and medium enterprises and employment considerations.

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In ESG

South Africa: Broad-based Black Economic Empowerment Guide 2023

by 4 Mins Read

Our newly updated broad-based black economic empowerment (B-BBEE) guide provides a detailed overview of the regulation of B-BBEE in South Africa. The principal objectives of B-BBEE are to promote economic transformation and enable meaningful participation of black people in the South African economy through increased participation in ownership and management structures, increasing the involvement of communities and employees in economic activities and skills training.

In AML & Financial Services Regulatory

UAE: Securities and Commodities Authority issues new regulations relevant to virtual assets

by and 2 Mins Read

The United Arab Emirates’ federal-level financial services regulator relevant to securities, commodities and now Virtual Assets Service Providers, the UAE Securities and Commodities Authority (SCA), has just issued two new regulations relevant to Virtual Assets:
1. SCA Chairman of the Board of Directors’ Decision No. (26/RM) of 2023 in relation to Virtual Assets Platform Operators
2. SCA Chairman of the Board of Directors’ Decision No. (27/RM) of 2023 amending SCA Chairman of the Board of Directors’ Decision No. (13/RM) of 2021 in relation to the SCA Rulebook

In Employment

South Africa: Amended employment equity laws to further regulate diversity and transformation

by 5 Mins Read

South Africa’s newly enacted Employment Equity Amendment Act (EEA Act) includes changes to the legislation governing workplace transformation, as well stricter compliance measures for designated employers. Once in force, the EEA Act will oblige designated employers to prepare employment equity plans. It will be essential for such employers to align their plans to achieve the targets for the employment of black people under the broad-based black economic empowerment codes of good practice with their employment equity plans.

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In Trade and Foreign Investment

Türkiye: Commercial and Trade Quarterly | March 2023

by 1 Min Read

In recent weeks, the EU Draft Directive on Packaging and Packaging Waste as well as communiqués on the inspection of compliance with relevant standards or technical regulations for certain imported and/or exported products have been published in the commercial and trade sector. In addition, various amendments were made to the Customs Regulation, the Regulation on the Principles and Rules to be Applied in Retail Trade, and the Law on the Regulation of Retail Trade.

In

UAE: DIFC proposed amendments on data protection regulations

by 2 Mins Read

On 18 April 2023, the Dubai International Financial Centre (DIFC) launched a 30-day public consultation on the proposed amendments to the Personal Data Protection Regulations to establish additional areas of regulation that would support the strong implementation of the DIFC Data Protection Law No. 5 of 2020. The proposed amendments are aimed at enhancing the current data protection framework in the DIFC and addressing the means for better, safer and more ethical management of personal data processing and operations.

In

Saudi Arabia: New amendments have been introduced to the Personal Data Protection Law

by 3 Mins Read

The Personal Data Protection Law of Saudi Arabia (“KSA”) was recently amended pursuant to Royal Decree No. M/148, dated 05/09/1444H (corresponding to 27 March 2023G) (“Amended PDPL”). These amendments were preceded by a public consultation launched by the Saudi Data and Artificial Intelligence Authority in late 2022.
The Amended PDPL expands the scope under which Controllers could collect personal data from third parties, and process it for purposes other than that for which it was originally collected. It also provides additional grounds for Controllers to disclose personal data, and introduces an updated regime for personal data transfers outside of KSA.

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In Employment

International: Global Employment Law Fastpass for United States Multinationals (Webinar Series Invitation)

by 2 Mins Read

Join us for a four-part webinar series as our US moderators welcome colleagues from around the globe to share the latest labor and employment law updates and trends. US-based multinational employers with business operations in Asia Pacific, Europe, the Middle East and Africa, and the Americas regions will hear directly from local practitioners on the major developments they need to know, and come away with practical tips and takeaways to implement.

In AML & Financial Services Regulatory

South Africa: Avoiding FICA fiascos – compliance with March 2023 FICA Directives

by 5 Mins Read

The South African Department of Finance has published Directive 8 on the compulsory screening of employees for competence and integrity. Failure to comply means that such businesses will risk sanction, including a fine of up to ZAR 50 million. Accountable institutions must record how the screening has been conducted and keep records of the outcome of such screening, which must be made available to the Financial Intelligence Centre upon request. It has been stipulated that screenings should begin as soon as possible.

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