In addition, the supervisory body responsible for granting bank licences in Germany, the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungs­aufsicht, “BaFin”), issued guidelines in 2009 (as amended on 2 May 2016), stating that a banking licence is not required for secondary loan transactions where: a fully funded loan is being purchased by assignment; or the German borrower initiates contact with the… [read post]

In its most recent manifestations one sees the imposition of public pressure on the National Basketball Association and on Apple Inc. respecting their entanglement in Xinjiang that increasingly serves as the defining point for the difference between US and Chinese normative approaches to public governance; here and here). [read post]

In response to the same expert’s conclusion that the data recovery program would be expensive, the Court ventured into unchartered waters concluding that the negative declaration failed to assess the feasibility of the data recovery program required as part of Mitigation Measure CS-CR-3. [read post]