The New FCA Consumer Duty – How does it impact firms?

In July 2022, the Financial Conduct Authority (FCA) published its final policy, rules and guidance on the new Consumer Duty (“the Duty”). Subject to some exclusions, the Duty applies to products and services offered to retail customers and has the aim of setting higher and clearer standards for firms providing such products and services, resulting […]

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Hong Kong’s proposed foreign source income exemption regime for passive income

Under Hong Kong’s Proposed FSIE Regime, offshore passive income will be deemed to be sourced from Hong Kong and subject to Hong Kong tax if certain requirements are met. The Hong Kong government plans to introduce an amendment bill on Hong Kong’s Proposed FSIE Regime in October 2022 in order to bring the Proposed FSIE […]

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Hear the Future, the Future is Here: Summer Legal Internship Fair 2023 at Chulalongkorn University

Blumenthal Richter & Sumet (BRS) attended the “Hear the Future, the Future is Here: Summer Legal Internship Fair 2023” at Chulalongkorn University, on 14 September 2022. The university organized lectures to prepare students for applying to internships and law firms provided information about their internship programs, including BRS where our team members gave out information […]

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New requirement for labour contracts under the “Transparency Decree”

On 29 July 2022 legislative decree no. 104 concerning the “Implementation of Directive (EU) 2019/1152 of the European Parliament and of the Council of 20 June 2019, relating to transparent and predictable working conditions in the European Union” was issued. This piece of legislation – which transposes into Italian law the provisions of Directive (EU) 2019/1152, […]

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HKEx Updates on Climate Disclosure Standards

On 10 June 2022, the Stock Exchange of Hong Kong (HKEx) released its 2022 listing newsletter (HKEx Listing Newsletter). This fourth edition primarily focuses on the forthcoming global sustainability reporting standards on climate disclosures that will form the upcoming HKEx review of the environmental, social, and corporate governance reporting framework (HKEx ESG Reporting Framework), the […]

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Orit Hayoun meets Dr. Benno Packi whilst travelling

Orit recently travelled to Berlin and got to meet fellow IR member Dr. Benno Packi of adesse anwälte. We love to see our members meeting, so if you have any travel booked please let your Client Manager know and we can provide some introduction to local members.

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Swap Connect Development Jointly Announced by People’s Bank of China, Hong Kong Securities and Futures Commission, and Hong Kong Monetary Authority

On 4 July 2022, the People’s Bank of China (the PBOC), the Hong Kong Securities and Futures Commission (SFC), and the Hong Kong Monetary Authority (HKMA) jointly announced that the China Foreign Exchange Trade System (also known as the National Interbank Funding Centre) (CFETS), and Shanghai Clearing House (SHCH), together with OTC Clearing Hong Kong […]

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New HKEX Listing Rules on Listed Issuers’ Share Schemes to Take effect 1 January 2023

n 29 July 2022, The Stock Exchange of Hong Kong Limited (the HKEx) published consultation conclusions on Proposed Amendments to the Listing Rules relating to Share Schemes of Listed issuers and Housekeeping Rule Amendment (the Consultation Conclusions). The HKEx had previously issued the Consultation Paper on Proposed Amendments to Listing Rules relating to Share Schemes of Listed Issuers1 in October 2021 on […]

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Newsletter August 2022

The recent legislative amendments to the Labor Code ensure a higher degree of transparency regarding working conditions. The European legislation in this area has also been amended, with the adoption of Directive 2019/1152/EU of the European Parliament and of the Council of 20 June 2019 on transparent and predictable working conditions in the European Union […]

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Chilean Tariff Stabilization – Credit Rights Purchase and Securitization Program

Baraona Marshall actively participated in the securitization of certain credits originally owned by Chilean electricity generation companies against Chilean distribution companies under the Chilean Tariff Stabilization Law. The operation included the purchase by the Inter-American Development Bank of said credits and the negotiation, structuring and execution of diverse documentation under New York Law (purchase contracts, […]

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