Russia’s Enactment of Bribery Law Applauded as ‘Big Step’ for Competition
May 10, 2011 in WTO Reporter
The May 4 signing of Russia’s new anticorruption legislation is a “key step” toward improving business competition conditions to meet the country’s commitments as a member of the Group of 20, as well as smoothing Russia’s eventual entry into the Organization for Economic Cooperation and Development, the U.S. ambassador to the OECD told BNA the same day…
India-EU Trade Pact Could Increase Bilateral Investment by 30 Percent
May 10, 2011 in WTO Reporter
Five years after trade talks between India and the European Union began, a final agreement is expected by the end of the year that will open up sectors of both economies and see a 30 percent increase in bilateral foreign direct investment…
China Issues Chemical Management Rules; New Costs, Registration Hurdles May Follow
May 10, 2011 in International Environment Reporter
China’s State Administration of Work Safety (SAWS) has issued a regulation concerning the safe use of chemicals in the workplace that could “set the tone” for future chemical regulation in the country and add extra costs and registration hurdles to meet compliance standards, analysts say…
European Commission Calls for Relaxing Rules on Exports of Some Dangerous Chemicals
May 10, 2011 in International Environment Reporter
BRUSSELS—Controls on exports of some hazardous chemicals from the European Union should be relaxed to ensure that trade in substances is not held up by administrative delays by the importing countries, the European Commission said in a legislative proposal published May 5…
ANALYSIS: EU Article 29 Working Party Opinion On EU Personal Data Breach Framework: Recognising The Need For Non-Sector-Specific Legislation
May 10, 2011 in World Data Protection Report
On April 5, 2011, the Article 29 Data Protection Working Party, the body set up under Article 29 of the EU Data Protection Directive to advise the European Commission on data protection issues, adopted Opinion 13/2011 on the current EU personal data breach framework and recommendations for future policy developments (WP 184)…
ANALYSIS: UK Information Commissioner Steps Up Consensual Audit Programme
May 10, 2011 in World Data Protection Report
The last 12 months have seen a definite change in the mood music from the UK Information Commissioner. He has placed an increasing emphasis on his enforcement powers, issuing his first fines for breach of the Data Protection Act 1998…
Final India Privacy Rules Do Little to Contain Potential Wide Scope of Business Mandates
May 10, 2011 in Privacy & Security Law Report
India data security and privacy final rules “may have a significant effect on any company doing business in India or outsourcing business activities to India,” Miriam Wugmeister, chair of the Global Privacy and Data Security Group at Morrison & Foerster LLP, in New York City, told BNA May 4…
ANALYSIS: New Zealand Introduces Tougher Financial Markets Regime From May 1, 2011
May 10, 2011 in World Securities Law Report
The regulatory waters lap higher and colder since May 1, 2011, when the new Financial Markets Authority (FMA) was established and related legislative reforms affecting the operation of capital markets commenced…
ANALYSIS: Russia To Liberalize Rules On Placement Of Company Shares Abroad
May 10, 2011 in World Securities Law Report
On March 11, 2011, the head of the Federal Service for Financial Markets (hereinafter “FSFM”), Vladimir Milovidov, announced to the Russian daily Kommersant that the FSFM plans to liberalize Russian companies’ ability to place shares outside Russia…
ANALYSIS: Anatomy of a Japanese Financial Inspection
May 10, 2011 in Securities Regulation & Law Report
The following article in this series will provide suggestions on how to prepare for a financial inspection in order to ensure meeting the expectations of regulatory inspectors…