On 25 April 2018, the European Commission published two proposals for directives: a proposal to make it easier for companies to merge, divide and transfer their registered office within the EU and a proposal to render it possible throughout the EU to establish a company online. Click here for more

The notion that procedural law embodies a formal law that drags slowly, trying to comply with social development and value changes, only being renewed under duress when resources are reduced, is probably right, but also wrong. Litigation law does move slowly and resists change, but this rigidity is offset by alternative dispute resolution (ADR) which supplements and enriches traditional adversarial legal procedures. Regarding insolvency proceedings, much has changed in the European legal system.

New pragmatism is an original paradigmatic and heterodox theoretical concept of the economic science, which attempts to address the current civilizational challenges and the future determinants of the functioning of economic systems. New pragmatism strives to develop the economic theory in a direction that allows a more in- depth and accurate cognition of the economic reality than the one offered by orthodox theories.

The Nordic legal landscape with regard to cross-border insolvency proceedings has become significantly more complex over the last decade or so, as the authors explain.

Kennedys’ offshore professional risks practice – which includes lawyers in Bermuda, the Caribbean, United States, Europe and Asia - offers a truly global perspective on professional risk with unique expertise and solutions for providers, users and insurers of offshore services in all key jurisdictions. Click here for more.

In this invitation we set out the next series of 40-minute briefings for the period June 2018 to October 2018. The Norton Rose Fulbright LLP financial services team invite you to their latest breakfast briefings. In many respects adapting to change is now business as usual for the financial services industry with the last couple of years seeing the market undergo considerable change in what is regulated and how.

In this latest banking reform updater, we discuss initiatives to embed sustainable finance principles in the fabric of financial institutions. In doing so, we consider global initiatives such as the Financial Stability Board (FSB) Taskforce on Climate-Related Financial Disclosures, and examples of leadership such as the Sustainable Banking Network and the European Commission’s Action Plan on financing sustainable growth.

As a reminder, on 22 November 2016, the European Commission has presented a proposal for a Directive on preventive restructuring frameworks, second chance and measures to increase the efficiency of restructuring, insolvency and discharge procedures and amending Directive 2012/30/EU1 (the Proposal). By letter of 23 November 2016, the European Commission transmitted the Proposal, which is subject to the ordinary legislative procedure, to the Council and the European Parliament.

The “One Belt, One Road” Initiative (the Initiative) is one of the most important foreign policies that the Chinese government has been actively promoting since 2013. “One Belt” refers to the “Silk Road Economic Belt”, which was based on the historical trade routes through Eurasia region. “One Road” refers to the Maritime Silk Road, which focuses on linking China with Europe through the Pacific Ocean.

On April 17, 2018, the National Development and Reform Commission (NDRC) announced at a press conference that a new negative list for foreign investment is being formulated and is expected to be published in the first half of this year. The new negative list will lift up restrictions on foreign investment in the automobile manufacturing industry within 5 years, and in the aviation and shipbuilding manufacturing sectors before the end of this year.