Publication
South Africa: The “Big read book series”
Welcome to Volume 18 of Norton Rose Fulbright’s Big Read Book series, Norton Rose Fulbright’s review of Zimbabwe’s insurance judgments (2003-2023).
Indonesia | Publication | December 2021
The Constitutional Court decided on 25 November 2021 that the formation of Law No.11 of 2020 on Job Creation (Omnibus Law) is unconstitutional and will need to be rectified.
The effect of this ruling is that the government and legislature will need to ‘rectify’ the Omnibus Law within two years of the court’s decision. Within this timeframe, no implementing regulations of the Omnibus Law can be issued until the revision has been made. All provisions in the law and its implementing regulations remain valid for two years or until the revision is issued (whichever is sooner). If no revision is introduced within two years, the whole of the law will be invalid and will no longer apply.
It remains to be seen how the government will ‘rectify’ the Omnibus Law. Whilst the Constitutional Court’s ruling did not address any substantive provisions in the Omnibus Law, it is also not clear whether any of its substance will be amended in the future.
We will continue monitor how this will impact businesses and we will issue an update once there is any significant development.
Publication
Welcome to Volume 18 of Norton Rose Fulbright’s Big Read Book series, Norton Rose Fulbright’s review of Zimbabwe’s insurance judgments (2003-2023).
Publication
In this edition of Regulation Around the World we review recent steps that financial services regulatory authorities have taken as regards investment research.
Publication
On 6 September 2022, the European Commission (EC) prohibited Illumina’s acquisition of Grail, bringing to an end the administrative stage of a legal saga that has attracted interest beyond competition law specialists.
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