On 30 April 2020, FR GVT adapted rules on investments during Covid. FR GVT adapted control of foreign investments in France (IEF), during the Covid crisis. Minister of Economy and Finance announced the adaptation of a procedure on 29 April 2020. Foreign Direct Investment First, long-term inclusion of biotechnologies in critical technologies list for IEF control.…
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Bulgaria – FSC EU Shareholders Directive
On 30 April 2020, BUL FSC adopted EU shareholders rights directive. Consultation on ordinance to amend and supplement ordinance 48 of 20 March 2013 on requirements for remuneration and thereby transpose EU shareholders rights directive. Issued draft regulation and the reasons for it, as well as reference for EU compliance. Proposed amendments regarding management remuneration policy…
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Brazil – GVT Mergers and Acquisitions
On 30 April 2020, BRZ GVT issued rules on specific M&A assessments. Circular 4.013 of 28 April 2020 on BRZ CB assessment of certain concentration acts. Amended cir 3.590 of 2012 re analysis of mergers in the National Financial System. Key Aspects Specific concentration acts involving, directly or indirectly, financial institutions that must be submitted…
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