On June 1, 2021, the European Public Prosecutor’s Office (EPPO) launched operations. While most EU Member States are cooperating with the EPPO, a significant minority have not yet joined the initiative. The EPPO is an independent body based in Luxembourg, with 22 participating EU Member states. The first supranational prosecutor’s office, the EPPO can investigate
On Monday, July 5, 2021, changes to Ontario’s Business Corporations Act (OBCA), will take effect. The latest updates to the law reflect an effort to modernize aspects of the OBCA and enable the Canadian province to compete more effectively, nationally and internationally, as a home for corporate headquarters. Among other changes, two will have a
In what may be a sign of things to come in other countries, Ally Law member firm Russell Kennedy reports that temporary relief measures introduced in Australia at the height of the coronavirus pandemic to facilitate electronic signing of documents and virtual annual general meetings (AGMs) have now expired. It had been hoped that the
Joseph R. Biden began his term as 46th president of the United States with at least part of what he needed to begin almost-immediate implementation of his legislative and policy initiatives: a Democratic majority in the House of Representatives, and a 50-50 split in the Senate that allows Vice President Kamala Harris to break, in
The last day for entities to bring their websites and mobile applications into compliance with the French Data Protection Authority’s (Commission Nationale de l’Informatique et des Libertés, or CNIL) new rules on cookies and other trackers is 31 March 2021. Following the publication of its guidelines and recommendations on 1 October 2020, the CNIL granted
A decision handed down on 15 January 2021 by the UK Court of Appeal may lead to increased costs of litigation funding. The judgment in Rowe & Ors v Ingenious Media Holdings & Ors [2021] EWCA Civ 29 effectively overruled previous decisions in which cross-undertakings in damages relating to the additional cost of providing security were
On March 11, 2021, and after months of debate in the US Congress regarding the federal government’s third round of COVID-19-related economic stimulus, President Joseph R. Biden signed the American Rescue Plan Act (ARP) into law. The legislation — and the price tag — is massive and likely to affect virtually all areas of the US
On September 16, 2020, the US Securities and Exchange Commission (SEC) adopted amendments to Rule 15c2-11 under the Securities Exchange Act of 1934. Rule 15c2-11 governs the publication of quotations for securities in a quotation medium other than a national securities exchange — over-the-counter (OTC) securities, in particular. Among other matters, the amendments require information
Foreign direct investments (FDIs) into Hungary surged by 24 percent to reach an all-time record €5.35 billion in 2019, as the country continues to cement its place as a preferred destination for the world’s investors. The managing partner of Budapest-based law firm KCG Partners, Eszter Kamocsay-Berta, provides insight into some of Hungary’s investment incentives. “It
Cookies, also known as HTTP Cookies, are text files which are stored on a user’s computer to enable website owners to identity the user’s computer or electronic device. They are generally used by website owners to track a user’s online behaviour or interaction with websites. These text files typically store information such as the user’s
