Our lawyers are specialist in a various fields. Laws and regulations are constantly changing and can be difficult to follow. Our specialists help you stay informed with articles, events and white papers.
23 July 2020
Dutch UBO-register will enter into force on 27 September 2020
The Ultimate Beneficial Owner (“UBO”) register will enter into force on 27 September 2020. This register was based on an implementation bill that resulted from the fourth and fifth anti-money laundering directives by the European Parliament. The Dutch UBO register will be introduced as part of the Trade Register. This creates an obligation for legal entities established in the Netherlands and other legal entities to have and keep track of information about their UBOs. This information must be entered in the Trade Register.
22 June 2020
Vietnam's National Assembly ratifies the EVFTA and EVIPA
Last week the National Assembly of Vietnam has voted to ratify the EU-Vietnam Free Trade Agreement (EVFTA) and EU-Vietnam Investment Protection Agreement (EVIPA). This ratification is the next step in the implementation of the EVFTA. The EVIPA will be implemented later, because it needs to be ratified in each individual EU member State.
18 May 2020
COVID-19 Civil Cases: China’s Supreme People’s Court gives guidance
On April 20, 2020, China’s Supreme People’s Court (SPC) issued the Guidance on the Proper Handling of Civil Cases Involving COVID-19 in accordance with the Law (I) (the Guidance). The Guidance contains guidelines for courts when dealing with civil cases during COVID-19. The SPC gives guidance on the application of force majeure, handling of labor disputes and suspension of limitations. Some of these will be discussed in this article.
30 March 2020
The Vietnamese Government helps!
The Prime Minister of Vietnam has issued a special Directive 11 to announce a number of measures to help businesses affected by Covid-19. The Vietnamese Government has announced such measures as tax breaks, delaying tax payments, and land-use fees for businesses, in total involving US$1.16 billion (VND 27 trillion). In addition, the interest rates as of February 2020 are being cut by Vietnam’s central bank, State Bank of Vietnam (SVB). Due to COVID-19, a lot of Vietnamese businesses will experience a slowdown or even will have to stop their work. Especially the manufacturing sector will be hard hit due to a shortage of raw materials. But there will also be a slowdown on the demand side.
18 March 2020
Coronavirus: The Dutch Government helps!
On 17 March, the Dutch Government announced new measures to help entrepreneurs and companies combat the economic fallout caused by Covid-19. We have made a selection of those measures most likely to be relevant for Chinese businesses in the Netherlands.
09 March 2020
China’s New Foreign Investment Law: what are you going to do? (2)
On January 1, 2020 a new Foreign Investment Law ("FIL") came into force as the new framework to govern foreign invested companies (“FIEs”) in China. The FIL has replaced the three foreign investment-related laws (collectively as “FIE Laws”) enacted in the earlier years of China's economic reform. Meantime, the Implementation Regulations on the Foreign Investment Law ("Implementation Regulations") was also released, aiming at clarifying and facilitating the FIL.
24 February 2020
China’s New Foreign Investment Law: what forms of foreign investment are regulated? (1)
On January 1, 2020 a new Foreign Investment Law ("FIL") came into force as the new framework to govern foreign investment in China, which has replaced the three foreign investment-related laws (collectively as “FIE Laws”) enacted in the earlier years of China's economic reform. Meantime, the Implementation Regulations on the Foreign Investment Law ("Implementation Regulations") was also released, aiming at clarifying and facilitating the FIL.
08 October 2019
La Gro Geelkerken lawyers opens an Asia desk
La Gro Geelkerken lawyers expands with lawyer and Asia expert Joost Vrancken Peeters. This will significantly boost the further expansion of the firm's international advisory and transactional practice.
07 October 2019
Deciding your China Structure
There are several ways to structure your investment in China. While the different options might seem straightforward at first glance, setting up a China presence is not a step that should be taken lightly. Apart from the fact that procedures to set up a company are more complicated and take generally more time than in the Europe, a lot of factors need to be considered in order to structure your investment in the best way possible. Several issues from both business, legal, financial and tax perspectives need to be addressed. And, if the wrong decisions are made in the beginning it might be difficult or costly to correct them afterwards. Changes in business scope or structure will often be subject to lengthy approval procedures once the company is set up. In this article our specialised Asia desk would like to briefly introduce the possible entities that can be set up by foreign companies in China, as well as explain the most common mistakes made by foreign companies in the process of investing in China.