The EU Artificial Intelligence Act – Regulation (EU) 2024/1689 – (hereinafter referred to as the “AI Act”) has been in force since 1 August 2024. Since then, many companies have been seeking clarity on whether they are affected by it. Given the potential for significant financial penalties in the event of violations, this is an …
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As a major international finance center, Hong Kong has a sophisticated regulatory regime. Hong Kong listed companies are primarily supervised and monitored by the Securities and Futures Commission (SFC) and the Hong Kong Exchanges and Clearing Limited (HKEX). The SFC and HKEX are increasingly deepening their collaboration and working with other law enforcement agencies, such …
Since the end of 2023, the mergers and acquisitions (M&A) trend in China’s life sciences industry has garnered substantial interest. This trend was, notably, initiated by AstraZeneca’s announcement of its intention to acquire Gracell Biotechnologies, a Chinese innovative biopharmaceutical company, for up to US$1.2 billion. This acquisition marks the first instance of a Chinese innovative …
Contracts with the entities from all over the world have become a standard now. Many of which are concluded with Polish companies. However, what still may be problematic is the jurisdiction, the governing law and the execution on one’s rights, especially when we need to act fast, otherwise the client may be exposed to irreversible …
Doing Business In: Indonesia
Recently, the Indonesian government has issued Law Number 11 of 2020 on Job Creation (commonly known as “Omnibus Law”). The issuance of the Omnibus Law is one of the Indonesian government’s efforts to attract more Foreign Direct Investment and make it easier to do business in Indonesia. The Omnibus Law comprises 15 chapters and 186 …
By: Janine Guzmán Puerto Rico is a commonwealth of the United States, and due to its political affiliation with the mainland, most federal employment legislation applies on the island along with local laws. The legal scheme becomes even more complex as we consider that Puerto Rico is a highly regulated jurisdiction in the employment context. …
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Focus on: Corporate Occupiers
In recent years, the traditional brick-and-mortar retail landscape has undergone a seismic shift as once-thriving high streets now face the crisis of survival. Retail corporate occupiers and those organisations that lease or own retail spaces on these streets, are at the epicentre of this transformation. As the rise of e-commerce, evolving consumer preferences and a …
Doing Business In: Bahrain
Located off the coasts of Saudi Arabia and Qatar, the Kingdom of Bahrain provides a strategic island location in the Arabian Gulf, through which much of the world’s petroleum transits. This natural geographic advantage is being continuously enhanced by new, large-scale infrastructure projects. As the smallest economy of the six-member Gulf Cooperation Council (GCC), Bahrain’s …
In 2023, the revenue of the insurance sector exceeded R$ 600 billion, a penetration rate of 6% of Brazilian GDP. Whilst that may be considered significant, it falls short of the figures for more developed economies, which have an average rate of 10%. The Brazilian rate is nevertheless steadily increasing, a fact that has …
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