By Gonzalo Olivera and Alberto Artés King & Wood Mallesons’ Madrid office.

Description of domestic sector

1. Describe the domestic natural gas sector, including the natural gas production, liquefied natural gas (LNG) storage, pipeline transportation, distribution, commodity sales and trading segments and retail sales and usage.

Spain is a renowned gas importer, with less than 1 per cent of the gas consumed within the country coming from domestic production. Spain received natural gas from 11 different countries in 2015, Algeria being the main supplier (55 per cent) followed by France (13 per cent), Qatar (9 per cent) and Nigeria (8 per cent).
Continue Reading Gas Regulation 2017:Spain

By Harry Liu, Sam Li, Olivia Xia  King & Wood Mallesons’ Dispute Resolution group

On 4 November 2017, the Anti-Unfair Competition Law Amendment (“AUCLA) was ratified by the Thirtieth Meeting of the Standing Committee of the Twelfth National People’s Congress after three rounds of review[1]. It will come into effect on 1 January 2018. It has greatly improved the Anti-Unfair Competition Law (“AUCL”) which was enacted back in 1993.

Commercial bribery, as an integral concern of the AUCL, has been in the spotlight during the amendment process.
Continue Reading Big Change of the Definition of Commercial Bribery

By Gonzalo Olivera and Alberto Artés King & Wood Mallesons’ Madrid group.

Market framework

1.Who are the principal government participants in the electricity sector? What roles do they perform in relation to renewable energy?

At state level, the Ministry of Energy, Tourism and Digital Agenda (MINETAD) is in charge of proposing and executing government policies in relation to energy.
Continue Reading Renewable Energy 2018 : Spain

By King & Wood Mallesons

14 November 2017, King & Wood Mallesons (KWM) continues to be recognized as a leading law firm in the newly published Asialaw Profiles 2018 recognizing 18 practice areas and 29 leadings lawyers. Of the 18 practice areas in which KWM was ranked as a leading law firm, 13 relate to KWM’s top-tier ranking as an Outstanding Law Firm while 5 relate to KWM’s ranking as a Highly Recommended Law Firm in the respective practice area, which set the record for most awards in KWM’s Asialaw Profiles ranking history. In addition, 29 KWM partners were recognized as Leading Lawyers in their respective practice areas for their excellence in both performance and wide referees’ good comments.
Continue Reading King and Wood Mallesons continuously topes the Asialaw profiles 2018

By Shi Bisheng King & Wood Mallesons’ IP group.

On 4 November 2017, the 30th Meeting of the Standing Committee of the Twelfth National People’s Congress of the People’s Republic of China passed an amendment to the Anti-Unfair Competition Law of the People’s Republic of China (“Anti-Unfair Competition Law”), which will come into effect on 1 January 2018. This is the first major amendment to the Anti-Unfair Competition Law since its implementation in 1993, and it will have a significant impact on businesses in China. 
Continue Reading Amendment to China’s Anti-Unfair Competition Law

By Stanley Zhou and Andrew Fei King & Wood Mallesons’ Finance & Capital Markets group

The Chinese government has announced that it will ease or remove restrictions on foreign ownership of Chinese securities and futures firms, fund managers, commercial banks, financial asset managers, life insurers and certain other financial institutions.  Subject to certain transition periods, these changes will allow foreign investors to own a majority and eventually a 100% stake in many types of Chinese financial institutions.  The announcement therefore represents one of the most significant steps China has taken to further open up the financial sector in the world’s 2nd largest economy. 
Continue Reading China Eases Restrictions on Foreign Ownership of Chinese FIs

By Hannah Glass. King & Wood Mallesons’ Sydney office.

Trust in technology is a balance between accessibility and security.  Accessibility because information must be able to be used by the intended people and security because others should not be able to access it.  Managing these is a delicate balance.
Continue Reading Trust by design: Balancing accessibility and security in blockchain

By Louis Chiam King & Wood Mallesons’Melbourne office.

The Australian energy markets are in a state of turmoil. The regulatory and governance arrangements in electricity and gas that have served us well for two decades are facing a host of challenges. From sudden increases in electricity and gas prices and a spike in unplanned outages, through to the increasing calls for more action on carbon emissions and the rise of disruptive new technologies, it seems pressure is everywhere.
Continue Reading Under Pressure: Regulatory Reform in the Energy Market

By Shi Bisheng, Guan Xiangyu,King & Wood Mallesons’ IP group

In October 2017, the China Food and Drug Administration (“CFDA”) released a series of documents regarding reform of China’s drug administration system. The aim – more access to cutting-edge pharmaceuticals at a lower cost. This new patent linkage system (“PLS”) is discussed in the following two important documents:
Continue Reading How to Rise Up to Challenges under Accelerated Enforcement of Patent Linkage

By He Fang Zhang Yue King & Wood Mallesons’ Dispute Resolution group

Enterprises and the general public are becoming increasingly aware of their intellectual property (IP) rights as well as the need to protect them.  Remedies for IP infringements are commonly obtained from civil lawsuit and complaint to administrative authorities seeking investigation and punishment. In severe infringement cases, an action may even be brought by the IP owner in the criminal court. This article will look at the ways IP owners could do to assist the authorities to hold infringers criminally accountable?
Continue Reading What Should IP Owners Do to Hold Infringers Criminally Accountable?