SHENZHEN, China—A draft recommendation for China’s forthcoming climate change law issued by the Chinese Academy of Social Sciences is an important indication of what the law might cover, though not an official government document, experts say.
European Commission Proposes To Allow EU Retaliation Against Countries Restricting Procurement Markets
BRUSSELS—In an attempt to pry open the public procurement markets of the United States, Japan, China, and other trading partners, the European Commission proposed March 21 that the European Union should be able to retaliate against trade restrictions to win government contracts.
ANALYSIS: China’s New Internet Rules Include Key Provisions On Personal Data Protection, Information Security, Data Leaks, And Fines
China’s Ministry of Industry and Information Technology (“MIIT”) recently promulgated “Several Provisions on Regulating the Market Order of Internet Information Services” (“the Provisions”) to ensure a level playing field for website operators in China and to enhance protections for internet users in areas such as internet security, web advertising and data protection. The Provisions came into effect on March 15, 2012.
ANALYSIS: Obstacles To Non-EEA Multinationals’ Transfers Of Employee Personal Data Outside The EEA Under Existing EU Law And The Commission’s Proposed Data Protection Regulation
Multinationals with global headquarters outside the European Economic Area (EEA) rapidly learn that EU Member State employment laws may differ dramatically both from the norms of the headquarters’ jurisdiction and from each other. This is unsurprising in 27 Member States with very diverse political histories. Each separately attempts to balance the interests of the individual employee (including his or her interest in collective activity) against the interests of the business employing him or her. Some Member States are objectively far more employee-friendly than others to counterbalance what that State perceives as the relative inequality of bargaining power.
BRUSSELS—The European Union is to consider stricter regulation of money market funds, special investment vehicles, and other entities involved in “shadow banking,” the European Commission said in a consultation document published March 19.
ANALYSIS: Taiwan Securities And Exchange Act Amendments Clarify Applicability To Foreign Companies Listing In Taiwan
The Parliament approved on December 12, 2011, the amendment to the Securities and Exchange Act (the “Amendment”) submitted by the Cabinet on April 14, 2010, and October 26, 2010. The Amendment was promulgated by the President on January 4, 2012.