Technology advancements have fundamentally altered how organizations collect, use and manage data. In light of this, in 2012 the European Commission embarked on a process to both update, simplify and bolster privacy regulations, and allow EU residents to resume control over their personal data. 102 more words
Tags » Corporate Law
China is easing its claws on JVs and fully foreign owned entities. Let’s stay tuned on the new Negative list.
Majority of capital replaces the double majority (capital and shareholders) + shares transfer is allowed by 75% of share capital, instead of the majority of shareholders+shareholders meetings are compulsory is there are 60 or more shareholders, instead of 25+convening notices can be sent by any means, instead of mail, if the company issued only registered shares among the main novelties.
Understanding incorporation requirements:
In order to incorporate a business, you must file a company formation documents with the state of the government. Unlike a sole ownership or general partnership certificate, both of which are form as soon as the owner or owners conducting business, a corporation law or LLC must be created with the state, and each state has its own incorporate requirements. 86 more words
New Saudi Arabian Company Law: already existing companies have one year to implement such new regulation, involving, among the others, simplified filing to incorporate a business and entities wholly-owned by foreign ones.
Even non U.K. companies dealing with U.K. ones can be fined for economic crimes (fraud, false accounting, theft, money laundry etc.) which can overlap with prior definition in English Law.