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Indonesia: Economic Deregulation Planned

(Sept. 14, 2015) On September 9, 2015, Indonesia’s President Joko Widodo announced a major economic deregulation policy. According to the President, there are three areas that will be the focus of this policy: increasing the competitiveness of industry, speeding up infrastructure projects, and raising the amount invested in the property sector of the economy. Widodo […]

Russia: Commercial and Private Drones to Be Outlawed in Moscow

(June 25, 2015) On June 10, 2015, the State Duma (legislature) of the Russian Federation passed at the first reading amendments to the country’s Air Code, which, upon their adoption, will establish regulatory requirements for unmanned aircraft systems and unmanned aerial vehicles (UAVs). (Bill No. 752189-6 on Amending the Air Code of the Russian Federation […]

Japan: Act Against Unjustifiable Premiums and Misleading Representations Amended

(Jan. 6, 2015) The Act Against Unjustifiable Premiums and Misleading Representations (Act No. 134 (May 15, 1962)) was amended twice in 2014, in June and November. This Act regulates premiums and representations in connection with transactions of goods and services in order to ensure fair competition and thereby to protect the interests of general consumers. […]

Bulgaria; European Union: Bank Depositors Denied Access to Their Deposits in Bulgaria

(Oct. 8, 2014) On September 25, 2014, the European Commission instituted infringement proceedings against Bulgaria arising from its failure to pay the claims of depositors at two closed banks. The Commission sent a letter of formal notice to Bulgarian authorities informing them that the country had committed two violations of European Union legislation: (a) incorrect […]

Indonesia: Aceh Province Bans Daytime Food Sales During Ramadan

(July 7, 2014) The Wilayatul Hisbah, or Shariah Police, of Aceh Province, an area of Indonesia that applies Islamic law, have forbidden sales of food during the daytime during the month of Ramadan, in which Muslims fast from sunrise to sunset. They have applied the rule from 5 am to 3 pm, and to everyone, […]

European Union: Draft Directive on Damage Claims by Victims of Antitrust Violations

(June 30, 2014) In April 2014, the European Parliament adopted a proposal for a Directive regulating various aspects of actions for damages suffered by victims of antitrust violations. The European Commission initially proposed the Directive in June 2013. (European Commission, Actions for Damages: Proposal for a Directive on Antitrust Damages Actions, EUROPA (last updated Apr. […]

European Union: Commission Gives Green Light to Proposed Merger Between Two U.S. Air Carriers

(Aug. 8, 2013) On August 5, 2013, the European Commission approved a proposed merger between US Airways Group and AMR Corporation, including AMR’s main subsidiary American Airlines, Inc. The proposed merger could potentially infringe European Union competition rules if it resulted in a monopoly on the London-Philadelphia route, for which US Airways and American Airlines […]

Israel: Law on Protecting Book Industry Passed

(Aug. 8, 2013) On July 31, 2013, the Knesset (Israel’s parliament) passed the Law for the Protection of Literature and of Authors in Israel (Temporary Provision), 5773-2013 ([in Hebrew], The Knesset website (last visited Aug. 7, 2013)). The new Law introduces new requirements on the sale of books in Israel. These requirements are effective for […]

Israel: Credit Card Company Ends Contract with Operator of Pornographic Websites

(Apr. 30, 2013) The Tel Aviv District Court recently rejected a petition brought by an operator of pornographic websites for an injunction against a credit card company (the respondent), to compel it to continue providing authorization services based on a contract between the two. The respondent argued that the petitioner had hidden the true nature […]

Nigeria: New Transfer Pricing Regulations Adopted

(Nov. 23, 2012) Nigeria announced new Transfer Pricing Regulations on October 22, 2012, applicable retroactively to August 2, 2012. (Catherine Mutava, Nigeria: New Transfer Pricing Regulations Introduced, TAX NEWS SERVICE (Nov. 14, 2012), International Bureau of Fiscal Documentation online subscription database.) According to the Tax Justice Network, transfer pricing is established when “two related companies […]