Library of Congress

Law Library of Congress

The Library of Congress > Law Library > News & Events > Global Legal Monitor

New Zealand: Agreements with Five Countries Exclude Compulsory Investor-State Dispute Settlement Processes

(Mar. 26, 2018) On March 9, 2018, the New Zealand Minister for Trade and Export Growth, David Parker, announced that the government has signed “side letters” with five other countries that are also party to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP, also referred to as TPP11) that exclude compulsory investor-state dispute settlement (ISDS) […]

Belarus: Decree Introduces Common-Law Principles and Tax Exempts Mining of Cryptocurrencies

(Jan. 3, 2018) On December 21, 2017, the President of Belarus signed the Decree on Developing the Digital Economy, which is aimed at “creating conditions, under which world-class IT companies would come to Belarus to work on developing new products and technologies that would be in demand worldwide.”  (Decree No. 8 of Dec. 21, 2017, […]

ASEAN/Hong Kong: Negotiations Concluded on Free Trade and Investment Agreements

(Oct. 13, 2017) On September 9, 2017, Hong Kong and the Association of Southeast Asian Nations (ASEAN) announced that they had concluded negotiations on a Free Trade Agreement (FTA) and a related Investment Agreement. (Press Release, Hong Kong and ASEAN Conclude Free Trade Agreement Negotiations, Trade and Industry Department of the Government of the Hong Kong […]

Chile: New Foreign Investment Regime

(Dec. 1, 2015) Law 20848, the New Foreign Investment Law (NFIL), is part of a new legal framework for foreign investment in Chile that supersedes the regime governed by Decree Law No. 600 of 1974. (Ley que Establece el Marco para la Inversión Extranjera Directa en Chile y Crea la Institucionalidad Respectiva, DIARIO OFICIAL (June 25, 2015), […]

Indonesia: Limits on Foreign Investment in E-Commerce Proposed

(Nov. 27, 2015) According to a November 23, 2015, report, Indonesia’s Ministry of Trade is developing a new, more restrictive policy for foreign ownership of e-commerce businesses in the country. The new rules, designed to favor domestic online companies, would apply to online shopping and service businesses. (Govt Prepares Foreign Ownership Limits in E-Commerce, JAKARTA […]

Portugal: Investment Visa Rules Expanded

(Sept. 16, 2015) Portugal recently altered the requirements for the issuance of permanent visas, to attract more foreigners to invest in the country. The change expanded the possibilities for obtaining a “gold visa” that enables foreigners to permanently live in Portugal and freely travel throughout the European Union. According to the new rules introduced by […]

China: Restrictions Eased on Foreign Investment in Real Estate Market

(Sept. 9, 2015) On August 19, 2015, China released the Notice of the Ministry of Housing and Urban-Rural Development (MOHURD) and Other Departments on Amending the Policies Concerning Access by and Administration of Foreign Investment in the Real Estate Market . (Zhufang Chengxiang Jianshe Bu Deng Bumen Guanyu Tiaozheng Fangdichan Shichang Waizi Zhunru he Guanli […]

Angola: New Private Investment Law

(Aug. 27, 2015) On August 11, 2015, Angola published in its Official Gazette a new private investment law, which was approved by Law No. 14 of August 11, 2015 (Lei do Investimento Privado, Lei No. 14/15, de 11 de Agosto, IMPRENSA NACIONAL (from the drop down window, click on Diário da República Ia. Série No. […]

Maldives: People’s Majlis Passes Amendment to Constitution Allowing Foreign Ownership of Land

(July 30, 2015) On July 22, 2015, the People’s Majlis, the unicameral parliament of the Maldives, passed a bill amending the 2008 Constitution to allow foreign ownership of land. President Yamin Abdul Gayoom ratified the bill the next day. (Shan Anees, President Ratifies Land Ownership Bill, HAVEERU ONLINE (July 23, 2015).) The bill reportedly amends […]

Chile: New Foreign Investment Law Enacted

(June 23, 2015) On June 16, 2015, Chile enacted Law 20,780, on foreign investment. The law originated as Bill 9899-05 and was sent to the legislature by the administration on January 30, 2015. The new legislation replaces the statute on foreign investment enacted as Decree Law 600 of 1974, which will be abolished as of […]