13 June 2019
AIM Disciplinary Notice
www.twobirds.com/en/news/articles/2019/uk/aim-disciplinary-notice-bushveld-minerals-limited

The London Stock Exchange has issued a disciplinary notice which highlights the importance of an AIM company needing to follow the guidance that has been given to it by its nominated adviser. We look at the implications ...

25 September 2020
More Severe Criminal Penalties on Safety Production Are Coming in China
www.twobirds.com/en/news/articles/2020/china/more-severe-criminal-penalties-on-safety-production-is-coming-in-china

The draft PRC Criminal Law Amendment (XI) (the "Draft Amendment") was released on July 3, 2020, seeking for public comments. Amongst others, the draft amendment to Article 134 of the PRC Criminal Law ("Article 134") ...

15 April 2020
Italian law decree No. 23/2020 ("Decreto Liquidità"), New provisions involving certain aspects of business law
www.twobirds.com/en/news/articles/2020/italy/covid19-decreto-liquidita---diritto-societario

On 9 April 2020, following regular publication on the Italian Official Gazette, Italian law decree No. 23/2020 (the "Decree") came into force with immediate effect. The Decree's provisions aim at facing, by means of ...

22 April 2020
Ban on companies’ payment of dividends or completion of share buy-backs if they receive more than DKK 60 million in compensation
www.twobirds.com/en/news/articles/2020/denmark/covid-19-forbud-mod-at-udbetale-udbytte

The Government and all the parties in the Danish Parliament have agreed to adjust and extend the economic aid packages to the Danish economy. The changes entail a limitation on companies’ ability to pay dividends or to ...

21 April 2020
COVID-19 - Management without Supervision?
www.twobirds.com/en/news/articles/2020/germany/covid-19--management-ohne-aufsicht

Supervisory boards as well as the management boards of stock corporations and managing directors of limited liability companies - can presence meetings be replaced by video conferences and how?

18 August 2020
UK – Merger thresholds for mergers in critical sectors revised
www.twobirds.com/en/news/articles/2020/uk/merger-thresholds-for-mergers-in-critical-sectors-revised

The UK government has given the Competition and Markets Authority (CMA) further powers to review mergers in strategically important sectors. These steps include making changes to the Enterprise Act 2002 to provide the ...

23 April 2020
Managing China Subsidiaries during the COVID-19 Epidemic
www.twobirds.com/en/news/articles/2020/china/managing-china-subsidiaries-during-the-covid19-epidemic

Relevant Legal Issues and Countermeasures in relation to Corporate Governance and Compliance.

16 April 2020
COVID-19 emergency measures: the expansion of 'golden power' review on foreign direct investments
www.twobirds.com/en/news/articles/2020/italy/covid19-decreto-liquidita---golden-power

Law Decree No. 23 of 8 April 2020 - published in the Official Gazette on 8 April 2020 and entered into force on 9 April 2020 (the "Decreto Liquidità") - introduced, among other measures, a series of provisions that ...

23 March 2020
Managing merger control filings during COVID-19
www.twobirds.com/en/news/articles/2020/global/managing-merger-control-filings-during-covid-19

A brief overview of the challenges created by the COVID-19 crisis, the coping strategies of competition authorities, and suggestions on what can be done if you are working on a project requiring merger control approval.

17 November 2020
European industrial policy vs. European competition law: state of play 18 months after the Siemens-Alstom decision
www.twobirds.com/en/news/articles/2020/global/european-industrial-policy-vs-european-competition-law-state

The European Commission's decision to block the Siemens-Alstom mega-merger in February 2019 provoked the anger of the French and German governments that had backed the deal. Eighteen months after this decision and an ...