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A conviction for the crimes of active corruption and commercial bribery, which are defined in art. 229 and 296a of the Polish Criminal Code (CC), not only brings about consequences on the grounds of criminal law, but also implies negative consequences in other spheres of law. One of these involves administrative law, more precisely public procurement law, which provides that company officers convicted for the above-mentioned crimes are to be excluded from public contract award procedures. read more...
Drew & Napier acted for CapitaLand Limited on its joint venture with a subsidiary of Credo Group to develop an integrated development in Central Jakarta, Indonesia
19 Nov 2014
Drew & Napier acted for CapitaLand Limited ("CapitaLand") on its joint venture with a subsidiary of Credo Group ("CG") to develop an integrated development in Central Jakarta, Indonesia. CapitaLand and CG will each hold a 50% stake in the joint venture.
The integrated development, CapitaLand's first in Indonesia, will comprise a Grade A office tower, mid- to high-end residential units, serviced residences and supporting retail space, spanning a total gross floor area of more than 40,000 square metres. Estimated to be completed in 2018, construction for the development is expected to commence in 2015. The total development cost is approximately S$220 million.
The joint venture company will acquire from CG a 1-hectare site located within the central business district (CBD) of Jakarta. The site, close to embassies, renowned civic buildings, offices, affluent residential neighbourhoods and the National Monument, also has good connectivity to major roads within the CBD and other areas of Jakarta.
The European Securities and Markets Authority has issued a consultation paper seeking feedback from asset management industry members on its draft advice to the European Commission regarding depositary requirements under the forthcoming UCITS V directive. The paper has been drawn up in response to a provisional request from the Commission on July 3 seeking technical advice on the content of two delegated acts on depositaries that the Commission is called on to issue to complement the primary UCITS V legislative text.
Our quarterly tax update is dedicated to the main changes which have occurred over the last 3 months with regard to Luxembourg and international tax law.2014.10.30_taxupdate
The Turkish Petroleum Law, a touchstone for goals of attracting foreign investors to Turkish petroleum industry entered into force on 11 June 2013 and has been introduced as a revolution in oil and gas industry as it was leveling the playing field for foreign investors and removing the privileged rights of the state company.
In consideration of the duties and responsibilities of each two above mentioned authorities, the SLOTs regulations have been mentioned on laws and directives drafted by the DGCA until 17 June 2010. After 17 June 2010, the legal authority for SLOT application was transferred to GDSAA by the Ministry of Transport (restructured and named as Ministry of Transport, Maritime Affairs and Communication as of 01 November 2011).However, in current situation, the legal responsibility for SLOT applications is at the DGCA but the legal power is still exercised by GDSAA.
Work Permits under Wet Lease Agreements for Oil Exploration Operations: Secondment is a Solution for
As part of exploration operations of multinational companies, wet lease agreements are gaining more importance especially in oil and gas industry and foreign carriers who takes part in such operations are still not clear about either their employees require work permit or not, in cases where they entered into a subcontractor and wet lease agreement with Turkish air carriers for air transport works to be conducted under exploration operations. The questions mostly concentrate on classification in status of flying and non flying personnel and the flying field since the operations are offshore. In this article you will find out more specific about what Turkish law requires and how to interpret the law under those two spotlights.
Principally, the Turkish civil aviation legislation is prepared by two authorities in Turkey: Directorate General of Civil ("DGCA") and the General Directorate of State Airports Authority ("GDSAA"). DGCA regulates and ensures the development of the civil aviation activities therefore GDSAA performs the management of Turkish airports and controls the Turkish airspace as a state owned enterprise since 1984
Amendments to the Companies Act – Power of directors to bind companies
29 Oct 2014
This update is the second in a series of legal updates discussing the amendments brought about by the Companies (Amendment) Bill 2014. It discusses the amendments relating to the power of directors to bind a company, including the new sections 25B, 25C and 25D.
New Guidelines and Proposed Regulations for the Healthcare Sector
11 Nov 2014
This article discusses some of the recent developments in the healthcare regulatory landscape in Singapore.
Most recently on 6 November 2014, the Ministry of Health ("MOH") issued a public consultation on the draft Human Biomedical Research Bill. The Human Biomedical Research Bill will regulate the conduct of human biomedical research as well as issues relating to human tissues and tissue banks. The MOH's public consultation will close on 18 December 2014.
On 27 October 2014, the Health Sciences Authority launched a public consultation on two sets of proposed subsidiary legislation for the transfer of regulatory controls of certain pharmaceutical products (which are to be termed "Therapeutic Products") to the Health Products Act. These subsidiary legislation relate to: (a) the advertisement controls for Therapeutic Products; and (b) licensing of retail pharmacies which sell, amongst others, Therapeutic Products. This public consultation will close on 23 November 2014.
Further on 11 September 2014, the Personal Data Protection Commission issued a set of advisory guidelines of the healthcare sector. These advisory guidelines were developed together with the MOH. They provide some illustrative guidance as to the obligations under the Personal Data Protection Act 2012 ("PDPA") relating to consent, purpose limitation, notification, access and correction, protection, accuracy, retention limitation, transfer limitation and openness. Guidance in relation to the Do Not Call provisions under the PDPA is also provided within these advisory guidelines.
The MOH held a public consultation between 2 September 2014 and 2 October 2014 to seek public feedback on its draft home care and centre-based care guidelines, as part of its ongoing efforts to enhance the quality of care in the intermediate and long term care ("ILTC") sector. The draft MOH ILTC guidelines were developed by two committees comprising service providers, healthcare professionals and policy experts, based on existing good practices in the respective sectors. The draft MOH ILTC guidelines are intended to set out the standard of care that all centre-based care and home care providers should aspire to achieve, in terms of delivering holistic and safe care, the dignity afforded to seniors and the organisational systems and management processes of these providers.
To read the update, please click here.