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Italy: Measure to Counter Foreign Takeovers

(May 10, 2011) On March 31, 2011, Italy issued a decree that established a national fund to acquire equity in companies in key industries if those companies are threatened with takeovers by foreign businesses. The measure was advocated by Finance Minister Giulio Tremonti following the acquisition in March 2011 of a 29% interest in the […]

Japan: Green Tea Promotion Adopted by Law

(May 3, 2011) One of the fastest growing export items from Japan to the United States at present is green tea. (Daniel Workman, Japan Trade Statistics 2009 (Feb. 25, 2010).) The Japanese Parliament has enacted the Law Concerning Promotion of Tea (Law No. 21 of 2011, promulgated on Apr. 22, 2011.) The Law intends to […]

Israel: Preference for Israeli-Made Textile Products

(Feb. 2, 2011) On December 21, 2010, the Knesset (Israel's Parliament) passed an amendment to the Public Tenders Duty Law, 5752-1992. The Law imposes an obligation on the government and its agencies to advertise a public tender that will be accessible equally to all before undertaking any contractual obligations regarding any transactions in real estate, […]

Cape Verde: New Decrees Regulate the Service Sector and Import of Goods

(Jan. 10, 2011) It was reported on January 3, 2011, that the Cape Verdean Council of Ministers (Cabinet) approved a new decree-law that will regulate the services sector of the country. The statute is expected to expedite services and improve the regulation of the sector; the Council's spokeswoman, Janira Hopfer Almada, was quoted as saying […]

Cape Verde: Council of Ministers Approves Bills Creating an International Business Center and Other Incentive Measures

(July 8, 2010) On June 17, 2010, the Council of Ministers of Cape Verde approved the drafts of three bills granting legislative authorization to the government for the creation of the International Business Center of Cape Verde, creating a regime of concession incentives to investment projects for the internationalization of Cape Verdean companies, and giving […]

Romania: Bill on Public-Private Partnerships Passed

(May 12, 2010) The Romanian Senate adopted a bill on public-private partnerships on May 5, 2010. The legislation, passed by a unanimous vote, seeks to streamline procedures by “regulating the design, financing, construction, operation, rehabilitation, development and transfer of any asset brought into being under a public-private partnership,” according to one of the bill's sponsors. […]

Nigeria: Local Content Bill Signed into Law

(Apr. 30, 2010) On April 22, 2010, Goodluck Jonathan, Nigeria's Acting President, signed into law the Local Content Bill 2010 [the Act], a piece of legislation designed to increase participation of Nigerian ventures and workforce in the oil sector. (Mohammed S. Shehu & Hamisu Muhammad, Jonathan Signs Local Content Bill into Law, DAILY TRUST, Apr. […]

European Union: New Antitrust Rules on Vertical Agreements

(Apr. 26, 2010) On April 19, 2010, the European Union adopted new, revised antitrust rules (a Regulation and Guidelines) for so-called vertical agreements, that is, supply and distribution agreements. Vertical agreements raise antitrust issues by limiting competition when an agreement between a supplier and buyer includes “restraints” for the supplier or the buyer. When companies […]

Taiwan: Law on Industrial Innovation Adopted in Place of Expired Statute for Upgrading Industries

(Apr. 22, 2010) On April 16, 2010, Taiwan's Legislative Yuan adopted the Statute for Industrial Innovation, which will take the place of the expired Statute for Upgrading Industries. Under the new law, the government will be able to encourage innovation and employment by offering tax breaks, subsidies, and other incentives to businesses. (Legislature Approves Statute […]

Peru: General Law on Tourism Promulgated

(Sept. 25, 2009) On September 17, 2009, President Alan García Pérez of Peru promulgated Law No. 29408, declaring tourism to be of national interest and a priority policy of the state for the development of the country. The objective of the Law is to promote, encourage, and regulate the sustainable development of tourism activities. The […]