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Canada; European Union: Trade Dispute over Seals

(Dec. 2, 2007) The European Union is the second largest market for seal products originating from Canada. Canada annually exports €12.7 million (about US$18.6 million) worth of seal products to the EU. Only white seal cub furs are prohibited for import. This ban has been in place since the 1980s, following the vocal campaign against […]

Hong Kong: New Building Laws Proposed

(Dec. 2, 2007) The Hong Kong Government has proposed an amendment to the Buildings Ordinance to introduce a system for the approval of minor works. Currently all building works (regardless of complexity) are subject to the same procedures. Under the Building (Amendment) Bill 2007, minor works will be classified into three categories (depending on scale, […]

China: No Foreign On-Site Export Control Investigation

(Nov. 2, 2007) On September 11, 2007, China's Ministry of Commerce (MOC) issued a public announcement to reiterate that without the MOC's approval, "no enterprise or public institution registered in China shall promise to accept or accept any on-site interview or investigation concerning export control carried out by representatives of foreign governments." (Public Announcement No. […]

European Union: Introduction of Settlement Procedure for Cartels

(Nov. 2, 2007) The European Commission has recently proposed two legislative measures that call for settlement of cartel cases in which the parties involved admit their involvement in the cartel and liability but also agree to follow an expedited and simplified procedure. The two measures consist of a Regulation and a Commission Notice. Under the […]

Indonesia: New Company Law

(Nov. 2, 2007) According to the INTERNATIONAL FINANCIAL LAW REVIEW, in August 2007 a new Company Law (Law 40/2007), on limited liability companies, was signed into law in Indonesia. The Law prescribes that the takeover or acquisition of a controlling interest in a privately-held Indonesian company must now be approved by the shareholders and published […]

Vietnam: Pharmaceutical Price Controls

(Nov. 2, 2007) On September 7, 2007, the Ministry of Health (MOH) of the Socialist Republic of Vietnam (SRV) issued a decree on new regulations aimed at stabilizing rising drug prices in the country. Heretofore, the means of enforcing SRV price controls has been mandatory reporting of prices to the state Drug Administration and posting […]