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WHAT ARE THE DEVELOPMENTS BROUGHT ABOUT BY THE NEW INTELLECTUAL PROPERTY ACT?

The new Intellectual Property Act was passed on 4th November and shall enter into force on 1st January 2014 bringing with it important developments, especially regarding the protection of copyright on the Internet. In the following article, we summarise some of the most interesting points of this new Act: a) The controversial “Google tax” One of the most controversial elements…

DRAFT BILL FOR THE PROMOTION OF CORPORATE FINANCE

I.- INTRODUCTION. On the 3rd of October 2014, the government approved the draft bill for the promotion of corporate finance. The purpose of this new draft bill is to improve financing channels for companies, especially small and medium companies (“SMEs”). II.- CONTENTS The following are the major new aspects introduced by this draft bill: (1) Improvements in banking finance to…