On 29 November, 2019, NLD GVT, NLD SJ said most of law will be in force on 1 December 2019. From date of implementation, a remuneration report for the 2019 financial year must be prepared for the first time in 2020 and submitted to the General Meeting, even if no new remuneration policy has been…
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Japan – TSE Protect Minority Shareholders
On 29 November 2019, TSE set up study group on quasi-controlled listed firms. TSE established a study group to review the protections for minority shareholders. In light of recent events and impact on framework of quasi-controlled listed firms. Scope of Group The study group will discuss such matter as managing shareholder conflict of interest. Including…
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Brazil – GVT Foreign Investments Rules
On 28 November 2019, BRZ GVT issued rules re funds of non-resident investors. Resolution 4,761, of 27 November 2019 on rules for investments of non-residents in Brazil. Overview Amends annex II to resolution 4,373 of 2014 on investments of non-resident investors in Brazil’s financial and capital markets, mainly its arts 2.I, 2.III, 2.IV, 3, 4,…
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