Global Matters

NFTs: The New Kid on Hong Kong’s Digital Block

With the global market for non-fungible tokens (NFTs) now generating billions of US dollars, these new forms of digital asset have gone mainstream and, particularly, mark a fresh development in the way artists can promote and sell their works. But legal professionals are grappling with issues surrounding this new phenomenon and copyright law. What are

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Polish Development Fund Expands Its Investment Activities

Polish Development Fund Ventures (PFR Ventures) is a development finance institution dedicated to fund investments in Poland. Part of the Polish Development Fund, which is fully owned by the government of Poland, PFR Ventures is the largest fund investor in the Central and Eastern Europe (CEE) region. Together with private investors, business angels and corporations,

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European Commission Approves New Synthetic Securitization Instrument

To help companies affected by the COVID-19 pandemic in the 22 participating EU Member States, the European Commission has approved the creation of a new synthetic securitization product. The new product comes in the form of guarantees on synthetic securitization tranches, under the European Guarantee Fund, and is managed by the European Investment Bank Group

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UK Competition Appeal Tribunal Gives Green Light to Opt-Out Class Action

The UK Competition Appeal Tribunal (CAT) has certified the first application for a collective proceedings order (CPO) on an opt-out basis, paving the way for a class-action claim against Mastercard. In certifying the CPO in Walter Hugh Merricks CBE v Mastercard, — an action brought on behalf of approximately 45 million cardholders and estimated to

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China’s New Data Security Law

With online data privacy protection not having been a priority for too long, companies should be aware that China is now stepping up its game with the new Data Security Law (DSL) that was passed on 10 June 2021 and comes into effect on September 1, 2021. A separate draft of the Personal Information Protection

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Indonesia’s New Investment Regime: Overview and Impacts on Key Industries

Following the implementation of Indonesia’s Law No. 11 of 2020 on Job Creation (or Omnibus Law), the government has issued a series of regulations providing further clarification and guidance for many of the nation’s key economic sectors. These regulations include general requirements on business investment as well as specific guidance on industries such as telecommunications,

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New Biden Executive Order Signals Potential Action on Non-Compete Agreements

In his July 9, 2021, executive order, US President Joseph R. Biden established 72 initiatives designed to promote competition in the national economy, lower consumer prices, increase wages, and promote innovation and economic growth. Among other areas, the order took direct aim at non-compete agreements. The fact sheet released along with the order said that

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Mitigating Procedural Delays in Vietnam’s Pharmaceutical Market

The pharmaceutical and healthcare industries in Vietnam have seen a number of positive developments in recent years, including the passage of the Law on Pharmacy in 2016. Among other areas, Article 32 of the law provided clearer guidance on the rights and duties of pharmaceutical business establishments (PBEs), including in areas such as clinical trial

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European Public Prosecutor’s Office Begins Operations

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

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