09 December 2019
Danish Competition and Consumer Authority publishes first decision and injunction on discriminatory access to accounts maintained by a credit institution
www.twobirds.com/en/news/articles/2019/denmark/danish-competition-and-consumer-authority-publishes-first-decision-and-injunction

On 4 December 2019, the Danish Competition and Consumer Authority (DCCA) published their first decision and injunction on discriminatory access to accounts maintained by a credit institution under Article 63(1) of the ...

15 November 2019
Draft Bill of the German Federal Ministry of Justice concerning the association sanctions act
www.twobirds.com/en/news/articles/2019/germany/verbandssanktionengesetz

The long-awaited draft bill of the German Federal Ministry of Justice for an Association Sanctions Act is available since several weeks: Compliance management systems and internal investigations are rewarded – higher ...

04 October 2019
EBA Guidelines On Outsourcing Arrangements Have Entered Into Force
www.twobirds.com/en/news/articles/2019/global/eba-guidelines-on-outsourcing-arrangements-have-entered-into-force

The guidelines on outsourcing arrangements (Guidelines) of the European Banking Authority (EBA) entered into force. The Guidelines are aimed at harmonising the framework for outsourcing arrangements for financial ...

05 August 2019
Ofgem publishes customer-sharing competition infringement decision
www.twobirds.com/en/news/articles/2019/uk/ofgem-publishes-customer-sharing-competition-infringement-decision

On 26 July 2019, the energy regulator published its decision, fining two energy suppliers for agreeing not to target each other's customers, and a third company for providing software to facilitate the collusion; the ...

15 January 2021
Bribery and corruption in M&A transactions - What to look out for
www.twobirds.com/en/news/articles/2021/global/bribery-and-corruption-in-ma-transactions-what-to-look-out-for

Merging two businesses raises many practical and cultural issues quite apart from whether the process is a success in purely business terms. Increasingly, the ethical temperature and compliance culture of a target ...

07 December 2018
Singapore Regulatory Update: Insolvency, Restructuring and Dissolution Bill
www.twobirds.com/en/news/articles/2018/singapore/singapore-regulatory-update-insolvency-restructuring-and-dissolution-bill

Boey Swee Siang, Marcus Chow and Anisha Jalla summarise Singapore's new Insolvency, Restructuring and Dissolution Bill; looking at restrictions on ipso facto clauses, judicial management, wrongful trading, the licensing ...

06 August 2020
Private use of corporate email accounts in Hungary
www.twobirds.com/en/news/articles/2020/hungary/private-use-of-corporate-email-accounts-in-hungary

In the last six months, the Hungarian Data Protection Authority (“NAIH”) has imposed a total of approx. EUR 5,000 in data protection fines for the private use of corporate email accounts, in three cases.

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.

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") ...

04 May 2020
Directors and managers duties - in good times and in bad
www.twobirds.com/en/news/articles/2020/uae/directors-and-managers-duties-in-good-times-and-in-bad

As a director or manager of a UAE company, you will know that like individuals, companies experience times of good health and occasional periods of sickness. In this note, we focus on you, as directors (which includes ...