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Mongolia’s economy has been in decline over the past few years as a result of the global financial crisis and falling commodity prices. However, the recent election has brought a renewed confidence in the country; in July 2016, the opposition party and former communist group Mongolian People’s Party (MPP) achieved a landslide victory and is now planning to shift policies to encourage and develop foreign direct investment. Although – at the time of writing – M&A activity had not yet picked up, most law firms echo the reports stating that there is a boost in interest and optimism in the jurisdiction.
The main industry for Mongolia is energy, including mining and renewables. The ongoing construction of the Oyu Tolgoi mine, one of the largest financial undertakings in Mongolia’s history, remains a key source of instruction for law firms, despite setbacks as a result of the commodities downturn. Beyond this, major rail and road infrastructure projects are taking place, which is important for the development of the country and the legal market.
In a recent development in the market, Bona Lex Law Firm LLC split out into InstoLex LLP and Tsogt & Nandin LLP.
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The rising level of investment scams poses a major threat to the financial security of many individuals. The speed with which the fraudsters operate and the methods they employ leaves little time for the target to question the proposition or recognise that it is a scam until it is too late.
One last hurdle – the signature of Czech President Miloš Zeman –before the so called Anti-Smoking Bill enters into force on 31 May 2017.
Competitor pay per click campaigns where a company bids for the name of a rival in the hope that a customer or client who searches for a particular company will not notice when a similar company, rather than the company they selected, appears in the search suggestions. This practice has always been regarded as a little underhand.
Gambling, from a legal and policy perspective, has been consistently defined by reference to the constitutive elements of involving a monetary consideration, an element of chance, and a prize having some inherent value. Although definitions can vary significantly from one jurisdiction to another, the general consensus has been that a game or scheme that requires players to stake something of value for a prize that is awarded due to the outcome of an uncertain event should be treated as “gambling.”
Transports publics fribourgeois Trafic (TPF TRAFIC) SA closed the financing of its maintenance and exploitation centre in the canton of Fribourg. The financing was partly made through a CHF 40 mio. private placement, a CHF 32 mio. secured bank loan and a CHF 55 mio. unsecured bank loan.
SyCip Salazar Hernandez & Gatmaitan (SyCipLaw) contributed the Philippine chapter of Icelandic law firm BBA’s handbook called the Geothermal Transparency Guide . The publication is intended to provide an overview of the legal and regulatory framework governing exploration, exploitation and production of electricity from geothermal resources. The Philippine chapter was contributed by SyCipLaw partners Hector M. de Leon, Jr. and Angel M. Salita, Jr.
Here are some frequently asked questions (FAQ) on investing in the Philippines, such as choosing the right corporate vehicle, the allowed areas of investment, tax incentives, and other key information: Read more...
Since 1 January 2017 the legal interest rate decreased from 2.25% to 2%. In fiscal matters and in matters involving the National Office for Social Security (NOSS) the rate remains 7% for now.
Mouhamed Kebe, Managing Partner of law firm GENI & KEBE, has been named as one of 2016’s top 50 business lawyers in Francophone Africa by Jeune Afrique .
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Goltsblat BLP , the Russian practice of international law firm Berwin Leighton Paisner (BLP), has advised ICBC International Leasing , the leasing subsidiary of the world’s biggest financial group, on delivery of six Airbus A321-211 aircraft to Aeroflot.
Seriously offending one’s work colleagues constitutes good cause justifying exceptional notice of dismissal with immediate effect. That was the verdict of the Landesarbeitsgericht (LAG) Rheinland-Pfalz [Regional Labour Court of Rhineland-Palatinate] (Az.: 4 Sa 350/15).
It is possible for the removal of a company from the commercial register to be instigated by the competent authorities due to a lack of assets. Those who wish to oppose such a move should act immediately.
The managing director of a GmbH, a type of German private limited company, is exposed to considerable liability risks. Legal advice ought to be urgently sought to minimize these risks as well as in the event of something happening that raises the issue of liability.
13 February, 2017
If a GmbH, a type of German private limited company, wishes to part company with a manging director, simply dismissing him won’t cut it. The managing director also needs to be removed from his post.