European Commission Solicits Comments on Updating Greenhouse Gas Reporting Rules
March 15, 2011 in International Environment Reporter
The rules for monitoring and reporting on greenhouse gas emissions in the European Union need to be updated and streamlined so that lawmakers can respond more quickly if policies are seen to be failing, the European Commission said March 7…
U.S., Mexico Join International Renewable Energy Agency; First Assembly Planned in April in Abu Dhabi
March 15, 2011 in International Environment Reporter
The United States, Mexico, and Swaziland March 4 formally joined the International Renewable Energy Agency, formed in 2009 to promote wind, solar, and other clean energy technologies and to address the challenge of global climate change, the U.S. State Department announced March 4…
Taiwan Eases Barriers to Investments by China in Local Firms from 42 Sectors
March 15, 2011 in WTO Reporter
Taiwan March 2 eased restrictions on Chinese businesses investing in local firms, including those in sensitive high-tech industries…
ANALYSIS: Shanghai Eases Rules on Foreign Private Equity Investment
March 15, 2011 in World Securities Law Report
One of the main restrictions on private equity in China is being removed in Shanghai. Foreign private equity investors will be able to form limited partnership Renminbi (“RMB”) funds, and qualified foreign limited partners (“QFLPs”) will be able to invest with RMB converted from foreign currency.
ANALYSIS: Vietnam’s Securities Law Significantly Amended
March 15, 2011 in World Securities Law Report
In late 2010, Vietnam’s National Assembly passed a law amending the Law on Securities of 2006 (the Amended Law). The Amended Law revisits a number of issues on securities, securities business and the securities market, and will become effective on July 1, 2011…
Australian Government to Introduce Tax Exemption for Foreign Funds
March 15, 2011 in World Securities Law Report
The Australian Government has announced that it will introduce a specific exemption from Australian income tax (from July 1, 2010, and later income years) for foreign managed funds in respect of relevant investment income that is similar to the investment manager regime in the United Kingdom…
Japan’s Financial Services Agency Weighs Tougher Insider Trading Rules
March 15, 2011 in World Securities Law Report
The Japanese Financial Services Agency is considering tougher insider trading rules in response to criticism over information leaks last summer about problems with new stock offerings by publicly listed companies…