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European Union: The Netherlands in Charge of EU Presidency

(Jan. 29, 2016) On January 1, 2016, the Netherlands took over the rotating Presidency of the Council of the European Union and will be in charge of the Council agenda for the next six months. (The Netherlands and the EU Presidency, Netherlands EU Presidency 2016 website (last visited Jan. 29, 2016).)  The 2009 Lisbon EU […]

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 […]

Italy: Measures to Foster Banking System and Promote Investment

(Feb. 10, 2015) Italy’s cabinet has approved new measures, contained in Legislative Decree No. 3 (D.L. No. 3), aimed at bolstering the national economy, in particular the banking and investment sectors. (Legislative Decree No. 3 of January 24, 2015, Urgent Measures for the Banking System and Investment, GAZETTA UFFICIALE (G. U.) No. 29, NORMATTIVA (in […]

China: Rules Revised to Facilitate Overseas Investments

(Oct. 31, 2014) On September 6, 2014, China’s Ministry of Commerce (MOFCOM) released the revised Administrative Measures for Overseas Investment (Measures). (Jingwai Touzi Guanli Banfa, MOFCOM Order [2014] No. 3 (Sept. 6, 2014), MOFCOM website; English translation available through Westlaw China online subscription database.) Taking effect on October 6, 2014, the new Measures repealed the […]

French Polynesia: New Law Gives Tax Breaks to Some Large Investors

(June 10, 2014) On May 26, 2014, a law was adopted establishing the tax rules for large-scale investments in hotels and tourist businesses in French Polynesia. (Law No. 2014-12, Loi de pays instituant un dispositif en faveur des grands investissements hôteliers et touristiques [National Law on a Measure for the Benefit of Large Investments in […]

Estonia: E-Residency May Be Granted to Foreign Investors

(June 6, 2014) On April 24, 2014, the Government of Estonia approved the concept of e-residency, which would allow non-resident foreign investors to use Estonian government online services, open bank accounts, and register businesses in Estonia without visiting the country. (Estonian Government Accepted E-Residency Concept, FINANCE ESTONIA (Apr. 25, 2014).) Profits from the Estonian virtual […]

New Zealand; Taiwan: Joint Venture Capital Investment Agreement

(Oct. 19, 2012) On October 3, 2012, the Republic of China (on Taiwan) (ROC) and New Zealand initialed letters of agreement on the Strategic Cooperation on Joint Investments in Venture Capital Funds. The landmark accord between the two countries, which already enjoy “robust economic and trade relations with complementary industrial strengths, … will boost cooperation, […]

Cape Verde: New Investment Code

(Aug. 15, 2012) On July 11, 2012, Cape Verde published a new Investment Code Law in its Official Gazette (Law 13/VIII/2012). The new Code replaces two previous laws, Law 90/IV/93 of December 13, 1993, and Regulatory Decree 1/94, of January 3, 1994. This legislation will come into force when a Tax Incentives Code, still under […]

Czech Republic: Changes in Investment Incentives

(May 18, 2012) On April 25, 2012, the Senate of the Parliament of the Czech Republic approved a bill amending the Act on Investment Incentives (Act No. 72/2000, as last amended by Law No. 357/2011). In order to become law, the amendment bill, Senate Document No. 311, must be signed by the country's President. (Czech […]

China: Outbound Investments Made by Central Enterprises Strengthened

(May 16, 2012) The rate of Chinese state-owned enterprises investing in the overseas investment market has expanded in recent years, and with this there has also been an increase in the risks to their success. In response to these risks, the Chinese government has taken urgent action to introduce measures relating to the supervision and […]