Category: LexLive

He Attorney General of Israel Recognized the Existence of an Excessive Pricing Cause of Action against Monopolies, but Recommended that it be Used Following Careful Consideration

June, 2020 – Israel – Granot-Speiser On June 8th, 2020, the Office of the Attorney General of the State of Israel (the “Attorney General“) submitted its position on the existence of cause of action when monopolies charge high unfair prices for goods, and its application in Israel. The issue arose in a motion to certify a class-action against the

PPP Forgiveness Changes Coming as Senate Passes Paycheck Protection Program Flexibility Act

The U.S. Senate yesterday unanimously passed the House of Representative’s Paycheck Protection Program Flexibility Act (H.R. 7010), which now goes to President Trump for his expected signature. The Act’s significant amendments to the Paycheck Protection Program (“PPP”) loan program include the following: Borrowers have until December 31, 2020 to spend PPP funds. Borrowers can have

BRAZIL: Open Banking Implementation in Brazil

June 2020 – Brazil – Rossetti Advogados The Central Bank of Brazil (“Bacen”) and the National Monetary Council (“CMN”) jointly enacted Joint Resolution No. 01, of May 4, 2020 (“Joint Resolution”), setting forth the basic rules for implementation of the Open Financial System (“SFA”) or, as known, the “Open Banking” model in the National Financial System.  The

Nasdaq to Propose Additional Initial Listing Criteria for Restricted Market Companies

纳斯达克对受限市场公司 提议新增挂牌要求 On May 18, 2020, Nasdaq Stock Market (“Nasdaq” or the “Exchange”) filed three proposals with the Securities and Exchange Commission (“SEC”) to (i) apply additional initial listing criteria for companies primarily operating in “Restricted Market” (defined below), (ii) adopt a new requirement relating to the qualification of management or board of director for

BRAZIL :Virtual Partners Meeting

May 2020 – Brazil – Rossetti Advogados Due to the adversities caused by the Covid-19 pandemic, the Corporate and Integration Registration Department (DREI) published, on April 14, 2020, Normative Instruction No. 79 (“DREI Instruction No. 79”), which sets forth the rules for remote participation and voting in meetings of closely-held corporations, limited-liability companies and cooperatives,

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