News

Wealth Report 2016

The term wealth is defined as the value of financial assets plus real estate (housing) owned by the households, less their debts.

South Korea: Supreme Court Finds Conscientious Objection to Military Service Justifiable

(Nov. 16, 2018) On November 1, 2018, the Supreme Court of South Korea ruled that conscientious objection to military service is “justifiable” under article 88(1) of the Military Service Act. (Sup. Ct., No. 2016 do 10912 (Nov. 1, 2018) (in Korean), Supreme Court website; Military Service Act, Act No. 4685, Dec. 31, 1993, as amended by […]

Australia: Legislation to Implement Comprehensive and Progressive Agreement for Trans-Pacific Partnership Enacted; Agreement Ratified

(Nov. 15, 2018) On October 17 and 18, 2018, the Australian Parliament passed three bills that were required to implement and begin the ratification of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CP-TPP or TPP-11). (Press Release, Scott Morrison & Simon Birmingham, TPP-11 to Open New Doors for Aussie Farmers and Businesses (Oct. 17, 2018), […]

Estonia: Government Boosts Defense Spending in 2019 Budget Bill

(Nov. 14, 2018) The government of Estonia approved the 2019 Budget Bill on September 26, 2018. (Press Release, Government of Estonia, Government Approves Budget for 2019 (Sept. 26, 2018), Government of Estonia website (in Russian).) The 2019 Budget Bill envisages total expenditures of 11.31 billion euros (€) (about US$12.8 billion). Owing to a positive economic […]

China: New Regulation on Police Cybersecurity Supervision and Inspection Powers Issued

(Nov. 13, 2018) On September 15, 2018, the Ministry of Public Security (MPS) of the People’s Republic of China (PRC or China) issued a new regulation on cybersecurity supervision and inspections by the police. (Gong’an Jiguan Hulianwang Anquan Jiandu Jiancha Guiding  [Measures of Internet Security Supervision and Inspection by the Public Security Organs] (Sept. 15, […]

Germany: Federal Court of Justice Rules Same-Sex Marriage Does Not Make Wife of Child’s Mother Co-parent by Law

(Nov. 9, 2018) On October 10, 2018, the German Federal Court of Justice (Bundesgerichtshof, BGH), Germany’s supreme court for civil and criminal cases, held that being in a same-sex marriage does not automatically make the wife of the mother of a child co-parent by law. The Court stated that there is no legal presumption for […]

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