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Macau: ID Card Scan and Facial Recognition Required for Mainland Bank Card Holders Using ATMs

(May 11, 2017) On May 7, 2017, the Government of the Macau Special Administrative Region (SAR) of the People’s Republic of China announced that “know your customer” (KYC) technology will be installed in automated teller machines (ATMs) in the city, in particular those in and near casinos.  Holders of UnionPay cards issued by mainland China […]

China: Amendment of Unfair Competition Law Proposed

(Mar. 20, 2017) On February 26, 2017, the National People’s Congress (NPC) of the People’s Republic of China (PRC) published the Amendment of Unfair Competition Law (Draft for Comments) (the Draft) online, to solicit public opinions on the Draft.  Comments from the public may be submitted until March 25, 2017, online at www.npc.gov.cn, or by […]

United States: Conventions Proposed by U.N. Commission on International Trade Law Submitted to Senate for Ratification

(Feb. 14, 2017) On November 16, 2016, the U.S. State Department’s Advisory Committee on Private International Law held its annual meeting to discuss ongoing work involving the negotiation and drafting of instruments governing private cross-border transactions. The Committee announced that it had sent transmittal letters for each of several treaty documents to the Senate in […]

Italy: Compensation for Damages Arising from Antitrust Violations

(Feb. 10, 2017) On February 3, 2017, new legislation governing judicial procedures for the recovery of damages arising from antitrust violations entered into effect in Italy. (Legislative Decree No. 3 of January 19, 2017 Implementing EU Directive 2014/104/EU of the European Parliament and of the Council of 26 November 2014 on Certain Rules Governing Actions […]

Armenia: Relocation of Legal Entities Introduced

(Feb. 2, 2017) On December 17, 2016, legislative amendments on re-domiciliation of foreign companies to Armenia came into effect. (Law No. 207-N of Nov. 17, 2016, OFFICIAL GAZETTE, No. 88 (Dec. 7, 2016), Armenian Legal Information System (ARLIS) database (in Armenian).) The amendments affected both the Civil Code and the Law on Registration of Legal […]

Latvia: New Regulations on Drone Operation

(Jan. 26, 2017) The Cabinet of Ministers of Latvia adopted regulations on the operation of unmanned aerial vehicles on November 22, 2016. (Decision No. 737 of Nov. 22, 2016, LATVIJAS VĒSTNESIS [LATVIAN OFFICIAL GAZETTE], No. 231 (Nov. 28, 2016) (in Latvian).)  The new regulations require the drones to have special markings that include the full […]

Japan: Merchants to Be Required to Have IC Chip Readers for Credit Cards

(Jan. 18, 2017) An amendment to Japan’s Installment Sales Act (Act No. 159 of 1961) was promulgated on December 9, 2016. (Act to Amend the Installment Sales Act, Act No. 99 of 2016, KANPO Extra Edition No. 273 (Dec. 9, 2016), at 3, KANPO website (in Japanese).)  The amendment aims to enhance credit card security. […]

Indonesia: Rules Eased on Who Can Buy Land for Infrastructure Projects

(Jan. 6, 2017) On December 2, 2016, Indonesia’s President Joko Widodo signed a presidential regulation that eases existing rules on the acquisition of land for infrastructure projects.  In the past, only the central and regional governments could acquire land for the projects, but budget limitations often delayed infrastructure development.  (Govt Now Allows SOEs, Private Sectors […]

United Kingdom: Record-Breaking Multi-Million Dollar Fine Imposed on Drug Companies for Charging Excessive Prices

(Dec. 23, 2016) The Competition and Markets Authority (CMA) of the United Kingdom, an independent non-ministerial department responsible for promoting competition, has fined pharmaceutical companies Pfizer and Flynn Pharma a record-breaking £90 million (about US$113 million) for charging excessive and unfair prices in the UK for an anti-epilepsy drug known as phenytoin sodium.  (Press Release, […]

Iceland: New Home Sharing Law To Take Effect January 1, 2017

(Nov. 29, 2016) On May 31, 2016, the Icelandic Parliament (Althingi) passed a new law amending the Act on Restaurants, Lodging and Entertainment. (Lög um breytingu á lögum um veitingastaði, gististaði og skemmtanahald nr. 85/2007 (heimagisting, veitingastaðir án áfengisveitinga, ótímabundin rekstrarleyfi) [Act on Amending the Act on Restaurants, Lodging and Entertainment 85/2007 (Private Accommodation, Restaurants Without […]