SOCIAL SECURITY FOR FOREIGNERS IN CHINA, BY SJ GRAND
Social security for foreigners in china In 2010, China passed a new social security law which came into effective on July 1, 2011. The law applies to Chinese citizens as well as foreigners who work or reside in China. Subsequently, on October 15, 2011, “provisional measures for foreigners to participate in Chinese social security scheme” became effective. According to the latest social security policy, all foreigners who work or live in China, including those employees […] read more
EU’s Financial Transaction Tax is coming
On April 29th the European Court of Justice, EU’s highest judiciary has rejected the UK’s bid against what could eventually become an EU-wide tax Financial Transactions Tax (FTT). While we are highly unlikely to see such tax being raised particularly soon, one definitely can’t afford the complacency of not treating it as a genuine possibility of even underestimating the importance of such possibility. As it stands, the case of the European FTT has three dimensions: […] read more
Business&law news!
Adam Pasierbek & Mikołaj Firlej about Business&Law news! Can an economy double overnight? In this day and age an economy can effectively double in size without effort – except maybe from the employees of the statistical office. The case at hand is one of Nigeria, where the Gross Domestic Product soared from around $260 bn in 2013 (situated between Egypt and Hong Kong in global rankings) to around $500 bn– Africa’s largest, and globally in […] read more
Living with competition law issues seminar – summary of recent developments in competition law
I had a great pleasure to participate in the seminar “Living with competition law issues” organized by the Union Internationale des Avocats (UIA) in partnership with the International League of Competition Law (ILCL), the National Bar Council and the Warsaw Bar Council. The seminar was held on 14th March 2014 under the honorary patronage of Dr. Małgorzata Krasnodębska-Tomkiel – former President of the Polish Office of Competition and Consumer Protection. The said event created a […] read more
Business&law news!
Adam Pasierbek & Mikołaj Firlej about Business&Law news! Is your bank using XP? – On April 8th, Microsoft is set to cease providing support for the Windows XP software. While this move may have little impact on the individual users, a more curious problem relates to the XP’s importance for the financial infrastructure. Most notably, around 95% of the ATMs in the World run an appropriated version of XP, which means that their operators will either […] read more
The Banking Union is at the Gates
Anyone with a general interest in European affairs must surely be aware that since the recent crisis the EU, like most major governments around the World, took keenly to regulating its financial system. Not everyone, though, is aware that its regulatory framework is taking shape just as those words are being typed. Let us start with a bit of history. In 2009 (which now feels like a decade ago), a group of experts under […] read more
What can the Ukrainian crisis mean for our economic future?
As I am writing this article, Russian grip tightens around the Crimea, and the political future of the entire Ukraine is far from certain. While not wanting to appear overly cynical, we find it worthwhile to pose a simple question: what does the Ukrainian crisis mean for Poland economically? It seems reasonable to consider the possible impact of the crisis through three key dimensions: how much longer will it take to resolve, how destabilising […] read more
Business&law news!
Adam Pasierbek & Mikołaj Firlej about business and law news ! Main topic: UK monetary system Where does the forward guidance lead? What does one do when a policy mechanism one has put in place works better than anticipated? One could either sit back and enjoy the fruits of a good policy design – or start carefully considering the next, possibly yet more difficult step. The latter option is more advisable if […] read more
Why is NASDAQ DUBAI worth looking into in 2013?
By Artur Kluz, Partner, Metropolitan Capital Solutions and Izabella Szadkowska, Senior Associate, Al Tamimi & Company, United Arab Emirates Despite global economic turbulence, GCC economies have continued to show a healthy and stable growth in recent years. Positive oil price dynamics are resulting in increase in oil and non-oil GDP. While oil the and gas industry is the main driver for the GCC economies, continued efforts by governments to diversify economies is leading to […] read more
Another patronage – Mitigating the impact of the Economic Crisis in Europe by legal regulations
We are excited to inform you that Business & Law takes patronage over the International Conference organized by ELSA Cracow. The conference theme will be “Mitigating the impact of the Economic Crisis in Europe by legal regulations”. The conference will be held from 26th-27th of April 2013 in Auditorium Maximum – Didactic and Congress Centre of the Jagiellonian University, Cracow, Poland. The main goal of this conference is to review key issues related to […] read more