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Australia: New Legislation Establishes Code of Conduct for Negotiations between News Media and Digital Platforms over Payments for Content

(Feb. 26, 2021) On February 25, 2021, the Australian Parliament passed the Treasury Laws Amendment (News Media and Digital Platforms Mandatory Bargaining Code) Bill 2021 (Cth). The bill, which has been the subject of considerable domestic and international discussion, establishes a “mandatory code of conduct that applies to news media businesses and digital platform corporations […]

Australia: Law Commission Report Recommends Reforming Law on Corporate Criminal Responsibility

(Sept. 22, 2020) On August 31, 2020, a report by the Australian Law Reform Commission (ALRC) titled Corporate Criminal Responsibility (Report) was submitted for consideration in the Australian Parliament. The Report contains a series of 20 recommendations aimed at improving Australia’s law regarding corporate criminal responsibility, including with respect to the types of offenses in the law, corporate […]

Saudi Arabia: Cabinet Issues New Law on Commercial Franchise

(Mar. 5, 2020) In October 2019, the Saudi Cabinet approved the Commercial Franchise Law of 24/2/1441 (Hijri, corresponding to October 23, 2019). The new Law is the first in the kingdom to govern the relationship between a franchisee and a franchisor in a comprehensive manner in accordance with international best practices. The Law regulates (1) […]

Iran: IMF Evaluates Iran’s Legislative and Institutional Efforts to Combat Money Laundering and Terrorism Financing

(Apr. 13, 2018) In its March 2018 report assessing the economic situation in Iran, the International Monetary Fund (IMF) found that Iran had made progress in reforming its policies on combating money laundering and the financing of terrorism and was taking steps to improve the country’s connections to the international banking and trade system. (IMF, […]

Japan: Act Against Unjustifiable Premiums and Misleading Representations Amended

(Jan. 6, 2015) The Act Against Unjustifiable Premiums and Misleading Representations (Act No. 134 (May 15, 1962)) was amended twice in 2014, in June and November. This Act regulates premiums and representations in connection with transactions of goods and services in order to ensure fair competition and thereby to protect the interests of general consumers. […]

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 […]