Skip to content On 13 October 2022, amendments to the Code of Commercial Companies (hereinafter referred to as the Code) applicable to capital companies will come into force. The amendments will apply, in particular, to a supervisory board, but the modifications will also influence other authorities of a limited liability company (LLC) and a joint stock company. In
The Corporate Transparency Act (CTA) was enacted by the US Congress on January 1, 2021, as part of the National Defense Authorization Act. Upon taking effect in 2022, it will apply mainly to small US businesses, requiring certain companies to file a report providing the name, date of birth, current address and unique identification number
The lockdowns and restrictions due to the emergence of the COVID-19 pandemic in early 2020 highlighted the rigidness of Australia’s Corporations Act 2001 (Cth) (the Act) in relation to carrying on a company. In response to the difficulties faced by companies, relief was temporarily introduced to enable companies to utilise technology in order to hold meetings, execute
Effective 1 November 2021, officers, directors and alternate directors of Australian companies, registered Australian bodies, registered foreign companies under the Corporations Act 2001, and Aboriginal and Torres Strait Islander corporations registered under the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI Act) must verify their identity on the new Director Identification Number (DIN) platform.
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
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
The Bureau of Economic Analysis (BEA) conducts various surveys of U.S. multinational companies and U.S. affiliates of foreign enterprises to generate statistical information regarding the global business activities of U.S. based companies and the impact of foreign investment by non-U.S. based companies. Generally, individuals and entities are only required to complete and file a BEA
Coronavirus (COVID-19) is having an unprecedented impact on the world’s economy, including historic stock market declines, a virtual standstill in business and leisure travel, closures of schools and businesses, and a focus on “social distancing” through remote working (or not working at all). These shocks are being felt acutely by public company boards of directors
The European Parliament’s negotiating team reached a deal with the Council on 18 December 2019 on EU-wide rules to help crowdfunding services function smoothly and to foster cross-border business funding. Crowdfunding is progressively more of an alternative form of finance for start-ups, as well as for small and medium enterprises (SMEs) at an early stage
Poland’s amended Code of Commercial Companies takes effect on 13 October 2022, with provisions that apply to LLCs (Polish: sp. z o.o.), notes @AllyLawFirms member Izabella Żyglicka and Partners. https://ally-law.com/global-matters/ #AllyLawNetwork #AllyLawFirms #BeyondBoundaries
Ally IP/IT lawyers recently gathered to discuss the current state of trademarks in the virtual world, exploring varying definitions of the metaverse, how trademark offices are dealing with non-fungible tokens & the onset of related lawsuits. - https://bit.ly/3Umq9to #AllyLaw
The United States Equal Employment Opportunity Commission has updated its COVID-19 guidelines for employers. @AllyLawFirms member firm @ObermayerLaw takes a closer look. https://ally-law.com/global-matters/ #AllyLawNetwork #AllyLawFirms #BeyondBoundaries
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