Key Contents of Proposed Amendment to English Arbitration Act and Implications in International Arbitration
A bill aimed at amending the English Arbitration Act 1996, the primary legislation governing arbitrations in England, Wales and Northern Ireland (the “Bill”), was introduced into the House of Lords on July 18, 2024.
Implementation of Amended MRFTA Enforcement Decree and Administrative Fine Notification to Promote Fair Trade Voluntary Compliance Programs
A set of amendments proposed by the Korea Fair Trade Commission (the “KFTC”), which were intended to encourage companies to adopt a fair trade voluntary compliance program (“CP” or “CPs”) in accordance with the Monopoly Regulation and Fair Trade Act (the “MRFTA”),
Prior Disclosure of Insider Transactions Becomes Mandatory for Listed Companies
An amendment to the Financial Investment Services and Capital Markets Act (the “Amended FSCMA”) was promulgated on January 23, 2024, to require the prior disclosure of insider transactions. Specifically,
Cases With RMP Cleared From Suspicion Under SAPA
In this newsletter, we provide a summary and the implications of four cases in which Kim & Chang was involved,
Trends in Institutional Improvements Aimed at Enhancing Corporate Value and Protecting Shareholder Value
Recently, the Korean Government and supervisory authorities have actively discussed various institutional improvements to address the so-called “Korea Discount” issue by protecting minority shareholders and other stakeholders of listed companies.
Korea Introduces Anti-Circumvention System in Customs Act
By amending (i) the Customs Act and its Enforcement Decree on February 29, 2024, and (ii) the Enforcement Rules of the Customs Act on March 22, 2024,
Amendment of FSCMA and Its Subordinate Regulations to Introduce “Prior Disclosure Regime” for Insider Trading
On December 28, 2023, the National Assembly passed a proposed amendment to the Financial Investment Services and Capital Markets Act (the “Amended FSCMA”)
Amendments to Protect IP Rights Holders Under the Trade Secret Protection Act and Patent Act
On January 25, 2024, the Korean National Assembly passed significant amendments to the Patent Act (the “Amended Patent Act”) and the Unfair Competition Prevention and Trade Secret Protection Act (the “Amended UCPA,”
Promulgation and Implementation of the Amended MRFTA
The amendment to the Monopoly Regulation and Fair Trade Act (the “MRFTA”) was promulgated on February 6, 2024,
Approved Amendments to ITA to Prevent Leakage of National Core Technology and Trends for Future Amendments
The Ministry of Trade, Industry and Energy (the “MOTIE”) announced proposed amendments to the Act on Prevention of Divulgence and Protection of Industrial Technology (the “Industrial Technology Protection Act” or “ITA”) in the second quarter of last year,