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Publication of a new decree related to the law n°2011-2012 of 29 December 2011 improving the safety of medicines and health products ('Transparency law')
23 May 2013
Publication
The long-awaited decree was issued on 21 May 2013 (the "Decree"). The Decree enables the implementation of the Transparency Law.
A circular which will provide complete terms and conditions of application of the Decree should also be published...
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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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Sanctions and the Hotel Industry
21 May 2013
Publication
Recent years have seen a significant increase in the use of economic and financial sanctions as a tool of foreign policy, with tightening restrictions, companies under heightened scrutiny and enforcements becoming increasingly frequent and expensive. Against...
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The week at the UK regulators - 20 May 2013
21 May 2013
Publication
This week at the UK regulators is a weekly alerter providing views on the publications issued by the Financial Conduct Authority and the Prudential Regulation Authority during the last week. It provides a quick way to keep up to speed with what is going on in...
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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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SEC Proposes U.S. Regulatory Regime for Cross-Border Securities-Based Swap Activities
16 May 2013
Publication
The U.S. Securities and Exchange Commission ("SEC") has published for public comment proposed rules regarding the application of U.S. laws and regulations to cross-border securities-based swaps. The proposal includes a substituted compliance framework...
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Updated Equator Principles released
16 May 2013
Publication
Following a review of the Equator Principles (EPs), the Equator Principles Association has published the revised EPs, known as EPIII, which will take effect from 4 June 2013. The revised EPs will apply to a broader range of financial products (beyond project...
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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...
