Competition Law Key Amendments under the Omnibus Law on Job Creation as Supplemented by Government Regulation No. 44 of 2021
While Law No. 11 of 2020 (the “Omnibus Law”) amends various laws in various sectors, this advisory specifically highlights the key changes to Law No. 5 of 1999 on the Prohibition against Monopolistic Practices and Unfair Business Competition (the “Competition Law”). These changes have also been supplemented by Government Regulation No. 44 of 2021 on the Implementation of the Prohibition against Monopolistic Practices and Unfair Business Competition (“GR 44/2021”).
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Compliance & Commercial Matters: Introducing a Compliance System for Business Entities under the New Criminal Code
Issue 11, July 2023 | Our latest guide explains what businesses need to know about navigating the new Criminal Code
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Update on the Registration Obligation of Private Electronic System Organizers
Registration deadline for Private Electronic System Organizers (both domestic and foreign) are approaching fast ! Minister of Communication and Information (MOCI) has issued Circular Letter No. 3 of 2020 under which the deadline is set on 20 July 2022.
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At Last, the Long Awaited and Much Anticipated ‘Positive Investment List’ has been Issued
Following the issuance of Law No. 11 of 2020 on Job Creation (“Job Creation Law”), Presidential Regulation No. 10 of 2021 on Investment Business Fields (“PR 10/2021”) containing a ‘positive investment list’ was issued on 2 February 2021 and will come into effect 30 days after its issuance. PR 10/2021 serves as a hallmark of substantial changes to the government’s approach towards foreign investment; it revokes and replaces the 2016 Negative Investment List (Presidential Regulation No. 44 of 2016 on The List of Business Fields that are Closed or Conditionally Open to Investment) and Presidential Regulation No. 76 of 2007 on the Criteria and Requirements for the Categorization of Closed Business Fields and Business Fields Open with Requirements in the Field of Investment.
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