Colombia: Individual Insolvency Law

Posted Posted in Business Investment

(Sept. 1, 2010) Colombia’s Law 1380 of January 25, 2010, establishes the insolvency regimen for natural persons (with the exception of merchants). This new insolvency regime allows debtors who are Colombian residents to negotiate any type of debt with their creditors in a non-judicial, conciliation procedure. Alimony obligations are the only exception to this benefit. […]

Germany: Higher Regional Court Rules Agreement between Google and German Ministry of Health on “Knowledge Panels” Violates Competition Law

Posted Posted in Business Investment

(Mar. 4, 2021) On February 10, the Higher Regional Court Munich I (Landgericht München I, LG München I) granted two applications for preliminary injunctions against the German Ministry of Health (Bundesministerium für Gesundheit, BMG) and Google Ireland, Ltd. (Google) requested by NetDoktor.de GmbH (NetDoktor). The court held that the agreement between the BMG and Google […]

International: Former Child Workers Sue Chocolate Companies Alleging Forced Labor in Cocoa Supply Chains

Posted Posted in Business Investment

(Mar. 4, 2021) On February 12, 2021, the Washington, D.C.-based nongovernmental organization International Rights Advocates (IRAdvocates) filed a federal class action lawsuit on behalf of eight former child workers who allege they were trafficked from Mali and forced to harvest cocoa in Côte d’Ivoire beginning in 2011. The lawsuit accuses several multinational chocolate producers of […]

European Union: European Court of Justice Rules on Liability of Banks for Unauthorized Low-Value Transactions Using Contactless Payment

Posted Posted in Business Investment

(Dec. 21, 2020) On November 11, 2020, the Court of Justice of the European Union (CJEU) held that the near-field communication (NFC) functionality of a bank card, also known as contactless payment, in itself is a “payment instrument” as defined in the EU Payment Services Directive 2015/2366 (PSD 2). The CJEU also clarified the meaning […]

Switzerland: New Amending Law Adapts Several Acts to Developments in Distributed Ledger Technology

Posted Posted in Business Investment

(Mar. 3, 2021) On February 1, 2021, some parts of the Act to Adapt Federal Law to Developments in Distributed Ledger Technology (DLT Act) (Bundesgesetz zur Anpassung des Bundesrechts an Entwicklungen der Technik verteilter elektronischer Register), an omnibus bill, entered into force. (DLT Act at 21.) The amendments to several civil and financial market laws […]