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Corporate Law

Poland’s Amended Code of Commercial Companies Takes Effect on 13 October 2022

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

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Attention Small Businesses: The US Corporate Transparency Act is Coming Soon

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

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Australia Reinstates and Expands Companies’ Administrative Use of Technology

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

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Individual Directors and Officers of Companies in Australia Must Have a DIN

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.

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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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Ontario’s Business Corporations Act Updates Respond to Contemporary Concerns

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

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Upcoming Deadline: US Bureau of Economic Analysis BE–10 Benchmark Surveys

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

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Annual Meetings in a World Without Meetings: COVID-19 and Public Companies

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

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A New Era of EU-Wide Crowdfunding

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

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