South Korea Completes List of Chemicals to Comply with GHS Labeling as of July 1
June 29, 2011 in International Environment Reporter
South Korea has completed a list of toxic substances that by July 1 must comply with the United Nations’ chemicals registry requirements under the Globally Harmonized System (GHS) of Classification and Labeling of Chemicals…
China Plans to Promote Alternative Vehicles with Exemption from Annual Tax in 2012
June 29, 2011 in International Environment Reporter
Starting Jan. 1, 2012, China plans to exempt electric, fuel-cell, and plug-in hybrid vehicles from its annual motor vehicle “travel tax” and to charge a reduced rate for owners of smaller combustion-engine vehicles, according to a draft regulation released by the State Council for public comment…
Indian National Manufacturing Policy to Be Reality ‘Very Soon,’ Commerce Minister Says
June 29, 2011 in WTO Reporter
Indian Minister of Commerce and Industry Anand Sharma said June 22 that India’s national manufacturing policy will become a reality “very soon” and is an imperative for India…
ANALYSIS: Canada’s Ontario Court Of Appeal’s Ruling Muddies The Waters As To Employee Privacy Rights Regarding Use Of Workplace Computers
June 29, 2011 in World Data Protection Report
In a decision released March 22, 2011, the Ontario Court of Appeal issued a surprising ruling affecting privacy rights in the workplace…
ANALYSIS: Swiss Federal Court Decisions Raise Threshold For Justification Of Data Processing
June 29, 2011 in World Data Protection Report
Recent case law by the Federal Courts has materially increased the threshold for justifying data processing under Swiss law…
Divided U.S. SEC Adopts Hedge Fund, Private Fund Adviser Registration Rules
June 29, 2011 in Securities Regulation & Law Report
A sharply divided Securities and Exchange Commission June 22 voted 3-2 to adopt new rules and amendments to register hedge fund and private fund advisers, and to impose reporting requirements for funds exempt from registration…
Central Bank Governors, Regulators Endorse Capital Charges for ‘Too Big to Fail’ Banks
June 29, 2011 in BNA's Banking Report
Heads of central banks and supervisory agencies from the world’s major financial markets endorsed June 25 a plan setting out additional capital charges for large global banks whose failure is deemed to pose a systemic risk to the global financial system…
South Korea Proposes To Allow ‘Korean-Style’ Hedge Funds
June 29, 2011 in World Securities Law Report
Wealthy South Korean fund investors will have a new vehicle for investing their money as early as this fall, under a proposed amendment of the Capital Market and Financial Investment Business Act, the Financial Services Commission (FSC) announced June 20, 2011…
EU Chemicals Agency Formalizes Listing Of Seven Substances Of Very High Concern
June 22, 2011 in International Environment Reporter
The European Chemicals Agency (ECHA) June 20 formally added seven hazardous chemicals to the European Union’s candidate list of substances of very high concern, meaning they could be banned unless specific uses are authorized under the REACH legislation…
EU Says It Will Comply With WTO Ruling Against Airbus Subsidies, Gives No Details
June 22, 2011 in WTO Reporter
The European Union told the World Trade Organization June 17 that it intends to comply with a recent WTO dispute ruling condemning subsidies provided by EU governments to the aircraft consortium Airbus, but gave no details how it would ensure compliance.