On 10 December 2021, President Rodrigo Duterte signed into law Republic Act No. 11595, otherwise known as ‘An Act amending Republic Act No. 8762 or the Retail Trade Liberalization Act of 2000, by lowering the paid-up capital requirement for foreign retail enterprises and other purposes.’ RA 11595 took effect on 21 January 2022.
Baker McKenzie partnered with Risk.net in its annual ranking of the top operational risks for 2022. The report is based on interviews and in-depth discussions with 100 chief risk officers, heads of operational risk and senior practitioners at financial institutions, including banks, insurers, asset managers and infrastructure providers.
Baker McKenzie’s Sanctions Blog published the alert titled Ukraine to expropriate Russian property on 11 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled BIS Imposes Export Ban on Luxury Goods to Russia and Belarus as well as Russian and Belarussian Oligarchs and Malign Actors on 12 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled Taiwan tightens trade with Russia on 12 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled UK releases new trade, aviation and shipping measures against Russia on 14 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled Japan introduces further sanctions on Russia and Belarus on 14 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled US Government Imposes Sanctions Prohibiting Importation of Russian Energy Products and New Investments in the Russian Energy Sector on 14 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled US Clarifies Applicability of Russian Flight Restrictions on 14 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled Canada Imposes Additional Sanctions on Belarus, Designates 19 Individuals and 25 Entities on 15 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.