The OFT has announced that, for a trial period of 18 months, it will offer cash rewards to individuals that blow the whistle on cartels. Pay outs of up to £100,000 could be made at the OFT’s discretion – but only where the information provided helps the regulator to identify and take action against illegal cartels ...
During the last years franchise agreements receive growing acceptance as an effective tool for establishing or expanding business in Lithuania. This is particularly true for foreign producers and suppliers which have already established extensive franchise networks in Lithuania, e.g. fast food restaurants “McDonald’s”, office supply network “Office 1” or real estate brokers “Re/Max” ...
Since 1 July 2008, on the basis of Act No. 130/2008, Coll., amending the Trade Licensing Act, requirements for commencement of business activities and reduction of the overall administrative burden for tradesmen are significantly simplified.The new regulation introduces reduced requirements for a clean criminal record, since criminal acts committed by negligence have been removed ...
The Chinese insurance market has grown considerably after China’s accession to the World Trade Organization (WTO) in 2001. For example, China’s annual premium income has increased from 210.9 billion yuan in 2001 to 703.6 billion yuan in 2007 and for the first half of 2008 insurers in China have collected premium income of 561.79 billion yuan which exhibits continuing growth ...
In May 2008, the government submitted its proposal 2007/08:155 on more stringent merger rules to parliament. The proposal is made in order to strengthen protection for minority shareholders.In May 2008, the government submitted its proposal 2007/08:155 on more stringent merger rules to parliament. The proposal is made in order to strengthen protection for minority shareholders ...
Over the last years merger control in the UK has evolved considerably. Leaving aside the move from a public interest to a competition test, the OFT has overhauled its procedures and processes with the stated aim of retaining a first class merger regime in world of change ...
In May 2008 the government of the Republic of Indonesia issued Government Regulation No. 39 of 2008 regarding the Second Amendment to Government Regulation No. 73 of 1992 regarding Insurance-Related Business Activities (Usaha Perasuransian) in order to anticipate the developing national insurance-related industries, including, among other things, insurance companies (perusahaan asuransi) ...
On 29 June 2003, the Mainland government and the Hong Kong government signed the Closer Economic Partnership Arrangement (“CEPA”), which offers investors from Hong Kong a step ahead of investors from other countries to explore the Mainland market in various business sec-tors. In essence, CEPA is a free trade agreement between Mainland China and Hong Kong that offers Hong Kong products, companies and residents preferential access to the Mainland market ...
On 10 November 2008, BAPEPAM-LK issued Regulation X.E.1 concerning the obligation of securities companies to submit periodic reports. This Regulation X.E.1 replaces a regulation issued in 2006 and is basically intended to improve the provisions of the previous regulation, especially on the procedures for submission ...
Decree of the Minister of Finance No. 424/KMK.06/2003 (as amended) which contains the guidelines on the financial condition of insurance and reassurance companies has been further amended by Regulation of the Ministry of Finance No. 158/PMK.010/2008 ...
In August 2009, the Court of Appeal issued a judgment(1) in which it ruled on the foll owing interesting practical issues relating to liability insurance:1) what is the appropriate procedural vehicle for a liability insurer to exercise recourse against another insurer in situations where there is overlapping insurance?2) does the exception respecting members of the household of the insured (article 2474 C.C.Q ...
With effect from 1 January 2009, new rules require administrators to provide information to creditors on a range of detailed issues when carrying out a pre-pack sale in an administration. Pre-packs are the process during which a troubled company and a proposed purchaser reach an agreement before an administrator is appointed, relating to the sale of all or part of the company's business or assets ...
China has traditionally restricted foreign investment in the retail and wholesale sectors with the aim of nurturing strong domestic players before their foreign counterparts would be allowed to enter the country. Since becoming a member of the World Trade Organisation, China has gradually opened up its distribution sector to foreign investment ...
Insurers have lodged a Judicial Review against The Damages (Asbestos-related conditions) Scotland Act. The Act, which was passed on 17 April 2009, made compensation available for the victims of pleural plaques in Scotland. The insurers are bringing the action in an attempt to avoid having to pay compensation for this condition ...
1.1 Please identify the scope of claims that may Switzerland for breach of competition law. Under the Swiss Federal Act on Cartels and Other Restraints of Competition (LCart), civil competition actions can be brought before Swiss civil courts by enterprises impeded by an unlawful restraint of competition ...
On April 20, 2009, the Court of Appeal issued its judgment in three related cases(1) concerning a defect in a fireplace that caused a fire resulting in the partial loss of the building owned by Alpha’s insureds. Alpha sued the immediate seller to its insureds, Basque, as well as the prior owners, Caron and Pellerin, under the rules governing the warranty against latent defects ...
General socio-economic overview The Republic of Mozambique is situated on the east coast of southern Africa. It is bordered to the north by the Republic of Tanzania, to the northeast by Malawi and Zambia, to the west by Zimbabwe, to the south by Swaziland and to the south and west by South Africa. It is therefore very strategically located, providing a gateway to six other countries ...
Trademark owners often try to stop grey-market and counterfeit goods while in external transit through an EU member state. However, ECJ rulings are unclear as to the extent to which this is possible.Parallel traders purchase trademarked goods outside Europe and import them into the European Community, where higher prices apply. These grey-market goods put pressure on the trademark owner’s profit margins, as they are sold at below market price ...
What is CEPA? The Closer Economic Partnership Arrangement ("CEPA") is a free trade agreement between Mainland China and Hong Kong that offers Hong Kong products, companies and residents preferential access to the Mainland market. Many of the preferences go beyond China's WTO concessions. CEPA is not a closed agreement and both sides hold regular meetings on further concessions and the details for implementation ...
ON MAY 14, 2009, MADAM JUSTICE MARIE-FRANCE BICH OF THE COURT OF APPEAL, PUT AN END TO A CONTROVERSY IN THE CASE LAW ON THE INTERPRETATION BY ARTICLE 216 C.C.P. CONCERNING THE PROCEDURAL MEANS AVAILABLE TO THE INSURER TO PROTECT ITS SUBROGATION RIGHTS ...
Lenders who take legal charges over real property usually require their interest to be 'noted' on the insurance policy covering the property. However, this may not give them the protection they require, especially in the current economic climate. It is quite appropriate that lenders want to be certain that insurance arrangements covering a property used as security are satisfactory ...
Over the last decade, Latin American nations have put considerable effort into demonstrating their willingness to overcome the increasing amount of counterfeit activity in the region These efforts were intensified particularly after the US Trade Representative (USTR) released a warning, by inserting Argentina and Brazil in its “priority watch list” and by applying even greater restrictions to Paraguay, as subject to Section 306 of the 2003 Special 30
I. Introductory Note The Republic of Mozambique is rich in mineral resources, including oil, gold, mineral water, coal, natural gas, and marble, and even though exploitation of these resources is far below desired levels, the mining sector still contributes to just under 2% of the country’s GDP ...
FINANCING AND INTELLECTUAL PROPERTY — MAXIMIZING FINANCING OPTIONS THROUGH INTELLECTUAL PROPERTY ASSETS Steve Boucratie [email protected] In recent years, lenders have demonstrated an increasing interest in intellectual property assets, which may be described as “intangible” assets. This is excellent news for businesses in the knowledge and technologies sector whose main assets are often their intellectual property rights ...
