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Pride Month 2023
Over one third of LGBTIQ+ people feel they need to hide who they are at work, and a fifth feel that being LGBTIQ+ limits their job opportunities, according to a recent Stonewall survey.
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Global | Publication | June 2016
The Ministry of People’s Power for Banking and Finance and the Central Bank of Venezuela published in the Official Gazette, issue N° 40.913, dated May 27, 2016, Exchange Agreement N° 37 (the Agreement). Such Agreement was authorized by the Office of the Vice-President for the Sector of Economics.
Below are the most relevant aspects of the Agreement:
Subjects to whom it will be applied
The Agreement is applicable to Venezuelan companies that have obtained a licence to explore for and exploit gaseous non-associated hydrocarbons, as long as such companies receive foreign currency or administer foreign currency as a consequence of their operations, including those received from export sales and changes in the consumption pattern.
Possibility of maintaining an account in foreign currency
The above-mentioned subjects may maintain such foreign currency in accounts with banking institutions or accounts of
a similar nature for the purposes of:
Prohibition
The companies referred to in this Agreement shall not be entitled to obtain foreign currency granted by the Central Bank of Venezuela to cover their obligations and payments in foreign currency.
This agreement became effective upon its publishing in the Official Gazette.
Publication
Over one third of LGBTIQ+ people feel they need to hide who they are at work, and a fifth feel that being LGBTIQ+ limits their job opportunities, according to a recent Stonewall survey.
Publication
In 2022, we issued a legal update on the case of Tam Sze Leung & Anor v Commissioner of Police [2021] HKCFI 3118 (the CFI Decision), where the Court of First instance (CFI) held that the longstanding practice of the use of “Letters of No Consent” (LNCs) by the Police to informally “freeze” suspicious bank accounts (the No Consent Regime) is unlawful (see here ). As we predicted, the CFI Decision has been challenged by the Commissioner of the Police (the Commissioner) and has now been overturned by the Court of Appeal in [2023] HKCA 537.
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