CELEBRATES 20TH ANNIVERSARY
Russia / Ukraine related
sanctions – implications
The applicable e-commerce policy is over 20 years old. That is why the European Union launched a regulatory package for online platforms a few years ago.
Spain has adopted Law 18/2022 of 28 September on the incorporation and growth of companies (so-called "Ley Crea y Crece"), which aims to facilitate the incorporation of companies, reduce regulatory obstacles, combat late payments and promote company growth and expansion. The law will come into force on 19 October 2022.
In the first half of 2022, the Corona Virus broke out again in many places in China. From early March to early June, the infection numbers in Shanghai had also developed rapidly. For this reason, massive lockdown measures were issued by the local government, which resulted in the closure of almost all companies in Shanghai. After the lockdown was released, general support policies have now been introduced in various regions, including Shanghai, which include rent reduction/exemption measures for locally based companies.
The European Commission’s Vertical Block Exemption Regulation (“VBER”), which was previously potentially applicable to distribution, whereby agreements between manufacturers or suppliers and retailers are exempt from the ban on cartels, ceased to be in force on 31/05/2022, because the original period of validity of 12 years was reached. These new versions bring some changes which relax requirements compared to the previous legal situation, but also tighten requirements, which primarily take into account the area of tension between online/offline sales.
The current isolationist policy, as well as the associated extremely strict entry restrictions and other coronavirus measures in the People's Republic of China, has for a long time presented a significant problem for European companies with Chinese subsidiaries: There is a creeping loss of control over the subsidiaries, since adequate control of the company by the European shareholder is no longer guaranteed on-location. In the following, we would like to provide an overview of the regularly occurring abuses, as well as best practice solutions for preventing these abuses and harm to company.