The European Union (EU) has been at the forefront of integrating sustainability into its regulatory framework, aiming at balancing economic growth with environmental and social responsibility. Recent developments however, notably the introduction of an “Omnibus Simplification Package”, have led to significant amendments to key directives such as the Corporate Sustainability Reporting Directive (CSRD) and the …
Although the term “compliance” lacks a uniform definition, it is typically understood in corporate law as ensuring that companies and their activities adhere to applicable laws. Broadly, compliance means that a company, its board members, and employees act in line with laws, ethical principles, internal policies, and regulations. It also involves the process of reviewing …
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Saudi Arabia has undergone significant legal reforms to enhance its dispute resolution mechanisms, making the Kingdom more accessible for international businesses seeking to enforce foreign judgments and arbitral awards. The enforcement of foreign awards has become far more streamlined in recent years, reflecting the country’s commitment to legal modernization and judicial efficiency. One of the …
Focus on: Shipping
Indonesia’s maritime sector is undergoing transformative regulatory and commercial changes. The development of new shipping regulations—encompassing the evolvement of concession regime, international partnerships, cabotage policies, and tariff regulations—is shaping the future of port and shipping operations. As Indonesia continues to attract global investment, these developments are expected to enhance its status as a key player …
Doing Business In: Armenia
Global Reach Through Treaties: Armenia has signed over 50 bilateral investment treaties (BITs) and double taxation [elimination] treaties (DTTs) with countries worldwide, including the United States, Canada, Switzerland, and China. Armenia is a member of several multilateral treaties (including the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (ICSID) …