During the last UIA Congress in Istambul it was heid the session of our Commission under the tittle "Deontology and ethic in the practice of Insolvency Law". Being the speakers Ms. Elena Bustea, Mr. Javier Dasso. Mr. Rubén Acosta and Mr. José Pajares. The session had being prepared during the hold year and it was concreted during the meeting held by the Commission last April 22. 2010 in New York.
On Monday November 29, 2010, in the Official Federal Journal of Mexico, was published the MODIFICATION by AGREEMENT that modifies the previous agreement and which informs on the export and import quotas of non-originating textile goods and apparel, susceptible to receive the preferential tariff, according to the North American Free Trade Agreement.
We hereby invite you to take this modification into account, so as to benefit from the preferential tariff authorized by Authorities according to the case.
Nr. 5, December, 2010
We are pleased to provide you with the new issue of our legal information newsletter.
Topical legal questions are discussed and those related to issues that you might encounter.
We hope that you will find it of interest.
We would welcome any comment you might have.
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OVERVIEW OF THE MAIN LABOUR LAW STATUTORY REGULATIONS IN ITALY
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The Administrative and Environmental Department of Miguel Neto Advogados law firm communicates to all clients that on August 2, 2010, President Luiz Inacio Lula da Silva sanctioned the National Policy on Solid Waste, which bill had been waiting 20 years to pass at Congress, published in the Brazilian Federal Register (DOU) as Law No. 12305 of August 2, 2010 (www.planalto.gov.br/ccivil_03/_ato2007-2010/2010/lei/l12305.htm).
EDITORIAL
Welcome to the fourth edition of the Corporate, Mergers and Acquisitions Group (CMAG) Aware, for 2010. This Newsletter is composed of four articles, which we hope will provide useful information.
On February 12, 2009, a Legal Regime for Parenthood Protection was approved within the scope of the revision of the Labour Code (Law nr. 7/2009, of February 12 2009), Legal Regime which is regulated by the Decree-Law nr. 91/2009, of April 9, 2009.
CORPORATE GOVERNANCE
Although it is common to hear the term “Corporate Governance” when providing suggestions to shareholders on how to improve the legal corporate policies and bylaws of the company, the concept Corporate Governance is not always well understood.
By Corporate Governance we refer to the set of principles and norms that regulates the organization, integration and functioning of the different decision-making bodies of a company, these being:
The Portuguese Labour Code sets forth in its Section 131, paragraph 3, that the continuous training to be provided to employees can be carried out directly by their employer. Being the case, a professional training certificate must be issued and the record of such training in the individual skills register form must be done, according to the Portuguese Skills Systems Legal Regime. Continuous training may also be provided by a training certified entity or by a competent educational establishment.
Decree-Law no. 52/2010, of 26 May 2010, amended the procedural rules and evaluation criteria for prudential assessment of an intended acquisition and increase of qualifying holdings in financial entities.
The referred Decree-Law amends: (i) the thresholds triggering a prior authorization from the regulator for the acquisition, increase or decrease of holdings in financial entities; (ii) the rules on aggregation of holdings for purposes of assessing if a threshold has been reached.
By way of its Revenue Procedure (IN) No. 1037/2010, the Brazilian Federal Revenue Service (RFB) published the new list of countries or dependencies providing favored taxation and/or under privileged tax systems.
As provided for the said Revenue Procedure, construed as countries or dependencies not imposing taxation on income or doing so at a rate lower than twenty percent (20%), or as those which domestic laws do not allow access to information concerning the ownership structure of legal entities or their shareholders’ identification are the following jurisdictions:
