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Brazil: New Law on Travel Agencies Partially Vetoed

(May 28, 2014) Brazilian President Dilma Roussef vetoed one-half of the articles of Law No. 12,974 of May 15, 2014, which regulates the activites perfomed by travel agencies. (Mensagem No. 113, de 15 de Maio de 2014, PLANALTO; Lei No. 12.974, de 15 de Maio de 2014, PLANALTO.) According to Roussef, the vetoed articles represented […]

Brazil: Justice Tribunal of Rio de Janeiro Calls For an Institutional Pact to Reduce Litigation

(May 2, 2014) In an effort to reduce repetitive litigation, the Justice Tribunal of the Brazilian State of Rio de Janeiro invited the 30 Brazilian companies that have been sued the most to sign an institutional pact with the court for the purpose of making them aware of the need to avoid repetitive litigation. (Stephanie […]

New Zealand: Implementation of Financial Markets Conduct Act 2013 Commences

(May 2, 2014) On April 1, 2014, the first implementation phase of the Financial Markets Conduct Act 2013 (FMC Act) commenced in New Zealand. (Financial Markets Conduct Act, Ministry of Business, Innovation and Employment website (last updated Apr. 2, 2014); Financial Markets Conduct (Phase 1) Order 2014, New Zealand Legislation website.) The legislation, which was […]

European Union: Adoption of the Revised Tobacco Directive

(Apr. 24, 2014) On March 14, 2014, the Council of the European Union endorsed the draft Tobacco Products Directive, following the Parliament’s approval of the proposal in February 2014. The Parliament and the Council were instrumental in urging the Commission to update the 2001 Tobacco Products Directive due to gaps and inefficiencies in that Directive. […]

Burma: Consumer Protection Law Adopted

(Mar. 21, 2014) On March 14, 2014, Burma’s Union Parliament passed a Law on Consumer Protection, the country’s first law comprehensively addressing this topic. President Thein Sein has signed the legislation. The law is divided into 12 chapters. It has provisions on the rights and responsibilities of both manufacturers and consumers. It establishes a Committee […]

China: Consumer Protection Law Revamped for First Time in 20 Years

(Jan. 29, 2014) On October 25, 2013, the Fifth Session of the Standing Committee of China’s National People’s Congress (NPC) passed the first amendment to the Consumers’ Rights and Interests Protection Law of the People’s Republic of China (PRC) (hereinafter the Consumer Protection Law) since its 1993 promulgation. (Decision to Amend the Consumers’ Rights and […]

Indonesia: Regulation on Financial Services Adopted

(Aug. 22, 2013) Muliaman D. Hadad, the head of Indonesia’s Financial Services Authority (Otoritas Jasa Keuangan, or OJK), announced at a press conference on July 30, 2013, that the country’s first regulation to protect financial services consumers has been issued. The new rules cover banks, insurance companies, and providers of investment services. The regulation was […]

Israel: Class Action Approved Against Distributors of Food Supplement

(Jan. 5, 2012) On December 12, 2011, Israel's Supreme Court rejected a request to permit an appeal of a decision by the Tel Aviv-Yafo district court to approve the filing of a class action against the distributors of a food supplement. The class action focused on the misleading advertisement of the food supplement, which claimed […]

European Union: Evaluation of Legislation on GMOs

(Nov. 16, 2011) On October 28, 2011, the European Commission released the findings of two independent evaluations of the European Union's general legal framework on genetically modified organisms (GMOs). GMOs are defined under EU law as those plants or animals that have acquired a new property after artificial modification of their genetic features. Food and […]

European Union: New Toy Safety Rules Enter into Force

(July 28, 2011) On July 20, 2011, Directive 2009/48/EC on the Safety of Toys, which repeals Directive 88/368/EEC on toy safety rules, entered into force in the European Union. (Directive 2009/48/EC of the European Parliament and of the Council of 18 June 2009 on the Safety of Toys, OFFICIAL JOURNAL OF THE EUROPEAN UNION (L […]