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The Hong Kong Stock Exchange consults on reforming the connected transaction rules
27 May 2013
Publication
On 26 April 2013, The Stock Exchange of Hong Kong Limited (the Exchange) published two sets of consultation papers on reforming the connected transaction rules.
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The Korean Fair Trade Commission: an antitrust watchdog to watch
23 May 2013
Publication
The Korean Fair Trade Commission chairman ("KFTC"), has presented its 2013 agenda, which prioritises the reform of large conglomerates, increasing competition opportunities and fairness for small businesses, eradicating cartel practices and creating...
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The Criminal Liability of Legal Persons: Highly Important New Developments in the Offing
22 May 2013
Publication
On 3 April 2013, the Government sent the Council of State the text of the Draft Bill of the Basic Law amending Basic Law 10/1995, of 23 November, on the Criminal Code so that the latter can prepare its mandatory report, meaning that the Law may be enacted within...
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La Responsabilidad Penal de las Personas Jurídicas: Importantísimas Novedades que se avecinan
22 May 2013
Publication
Con fecha 3 de abril de 2013, el gobierno ha remitido al Consejo de Estado, para su preceptivo informe, el texto de un Anteproyecto de Ley Orgánica por la que se modifica la Ley Orgánica 10/1995, de 23 de noviembre, del Código Penal y que,...
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SFC proposes to amend Professional Investor Regime and Client Agreement Requirements
21 May 2013
Publication
On 15 May 2013, the Securities and Futures Commission (SFC) published a Consultation Paper on the Proposed Amendments to the Professional Investor Regime and the Client Agreements Requirements (Consultation Paper).
Amongst other things, the SFC revisits the...
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Asian bank resolution regimes
21 May 2013
Publication
Clifford Chance, in conjunction with the Asia Securities Industry & Financial Markets Association (ASIFMA), has conducted a survey of eight key Asian jurisdictions to obtain an overview of the insolvency regimes and resolution powers available in relation...
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China Publishes Revised Good Supply Practice (GSP) Standards for Pharmaceutical Products
20 May 2013
Publication
After several years of drafting and three rounds of public consultation, the Ministry of Health has at last published the revised Good Supply Practice for Pharmaceutical Products (Revised GSP Standards) (药品经营质量管理规范) on 22 January 2013. The Revised GSP Standards...
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The New COMESA Merger Control Regime: All Filings Welcome? [Japanese version]
17 May 2013
Publication
The supra-national merger control regime of the Common Market of Eastern and Southern Africa (COMESA) came into force on 14 January 2013. It has long review periods, potentially high filing fees and no jurisdictional thresholds, but does not prohibit closing...
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Russia Update: Legal and market developments in Russia - Winter/Spring 2013
16 May 2013
Publication
We launched Russia Update last year to provide clients with a single guide to major legal and market developments in Russia. In this periodical publication, we will alert you to key legal changes as well as news highlights from the business sectors which...
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A new dawn for seizure of data: revised EC guidance on conduct of dawn raids [Japanese version]
16 May 2013
Publication
The European Commission on 18 March 2013 issued revised guidance on the conduct of inspections at business premises of companies suspected of anticompetitive conduct. It is important that the principles from the revised guidance and certain recent cases are reflected...