Publication
Key Changes to Private Company Limited Law in Thailand
From 7th February 2023, the Amendment to the Thai Civil and Commercial Code (Amendment) is effective.
We use cookies and other similar technology to collect data about you to allow us to deliver our online services, measure our website audience and improve your browsing experience. Full details on the cookies we use are set out in our Cookies policy. Please click OK to signify your consent to our use of cookies.
You can withdraw your consent by clicking “manage cookies” and following the instructions shown.
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
From 7th February 2023, the Amendment to the Thai Civil and Commercial Code (Amendment) is effective.
Update
In the current economic climate, and particularly in the context of the implications of COVID-19 (coronavirus), many businesses are considering restructuring and/or rescheduling indebtedness.
Publication
On 10 January 2023, the European Commission (Commission) published draft guidelines on the application of a new EU antitrust exemption for sustainability agreements involving producers of agricultural products (the draft Guidelines).
Subscribe and stay up to date with the latest legal news, information and events...
© Norton Rose Fulbright LLP 2023