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Uruguay: New Law Bans Ownership of Agricultural Land by Companies Owned by Foreign Governments

(Dec. 12, 2014) The Government of Uruguay promulgated Law No. 19,283 on October 7, 2014 to ban the ownership of rural land or farms by businesses that are owned in whole or in part by foreign governments. (Tierras con Fines de Explotación Agropecuaria – Prohíbe la Compra y Tenencia a Empresas Extranjeras o a las […]

China: Rules Revised to Facilitate Overseas Investments

(Oct. 31, 2014) On September 6, 2014, China’s Ministry of Commerce (MOFCOM) released the revised Administrative Measures for Overseas Investment (Measures). (Jingwai Touzi Guanli Banfa, MOFCOM Order [2014] No. 3 (Sept. 6, 2014), MOFCOM website; English translation available through Westlaw China online subscription database.) Taking effect on October 6, 2014, the new Measures repealed the […]

Cape Verde; Portugal: Signature of Protocol on Sustainable Energy

(Sept. 25, 2014) Portugal and Cape Verde signed a protocol in the area of sustainable energy on September 23, 2014, during the United Nations Summit on Climate Change in New York. The protocol aims to strengthen recovery in the context of sustainable energy. It was also signed by Luxembourg, Spain, and Austria. (Press Release, Ministério […]

China: New Tax Reporting Rules for Overseas Investments of Resident Enterprises

(July 9, 2014) On June 30, 2014, China’s State Administration of Taxation (SAT) issued a public notice regarding information about overseas investment and income that Chinese resident enterprises must report. When the Notice takes effect on September 1, 2014, the SAT’s oversight of these enterprises’ foreign investment and income will be strengthened. (Guanyu Jumin Qiye […]

China: New Rules Relax Government Approvals for Overseas Investment

(July 3, 2014) On April 8, 2014, China’s National Development and Reform Commission (NDRC) promulgated an administrative rule regulating the approval of and record-filing for overseas investment made by Chinese investors. Effective on May 8, 2014, the new Administrative Measures for the Verification, Approval, and Record-Filing of Outbound Investment Projects (Measures) replaced the Interim Measures […]

Israel: Granting of E-2 Equivalent Visas to American Investors

(May 22, 2014) On March 30, 2014, the Israeli government adopted a decision on the “[d]etermination of an arrangement for the grant of temporary residence visas for U.S. investors and for their essential employees, including their families.” (Government Decision No. 1528 [in Hebrew], Prime Minister’s Office website (Mar. 30, 2014).) The arrangement approved by the […]

Indonesia: Plan to Revise Foreign Investment Rules

(Apr. 17, 2014) Indonesia’s Coordinating Minister for Economic Affairs, Hatta Rajasa, announced on April 11, 2014, that in the near future Indonesia plans to revise its current “negative investment list,” which has been used to protect domestic industries considered to be “sensitive.” No indication was given as to which industries would be removed from the […]

Cuba; Mexico: Relationship Re-Launched, Agreements Signed

(Nov. 8, 2013) The foreign secretaries of Mexico and Cuba announced the re-launch of relations between the two countries and the strengthening of trade, financial, and other cooperation agreements. The Secretary of Foreign Relations of Mexico, José Antonio Meade, said Mexico will maintain a high-level political dialogue with Cuba and foster a closer relationship in […]