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Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or shehab.khurshid@legalease.co.uk

 

Legal Developments Worldwide

Malta Opportunity: Blockchain and Cryptocurrencies

May 2018 - Finance. Legal Developments by Chetcuti Cauchi Advocates.

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The Future of Maltese Banks is Here

Talking of cryptocurrencies as an opportunity for the Maltese banking sector might sound outlandish, in the context of a highly-regulated banking industry in Malta. However if one follows the rapid developments in cryptocurrencies across the globe, it is clearly inevitable that many industries, including traditional banks, will have to adapt to this highly innovative evolution that is fast permeating many economic sectors.

In this article we explore how the Utility Settlement Coin ("USC"), a cryptocurrency currently being developed by some of the world's largest banks, is set to give the cryptocurrency market a new business angle.

Multilaw Real Estate Guide for Foreign Investors

May 2018 - Real Estate & Property. Legal Developments by SyCip Salazar Hernandez & Gatmaitan.

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Multilaw has released its new digital Real Estate Guide for Foreign Investors, which was launched at the MIPIM global real estate event in Cannes. SyCipLaw partner Benedicto P. Panigbatan contributed the Philippine chapter.

Working Arrangements for Non-Resident Foreign Companies’ Turkey Operations

May 2018 - Employment. Legal Developments by ELIG, Attorneys-at-Law .

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Working Arrangements for Non-Resident Foreign Companies' Turkey Operations Conducted through Local Individuals

Introduction

In our globalized world where trade has no borders, it is a usual practice for companies to conduct operations in different countries, including Turkey. Some foreign companies prefer having an establishment in Turkey, such as a local subsidiary company, while conducting their operations in Turkey, whereas some foreign companies prefer to stay as non-resident in Turkey and conduct their operations in Turkey through local individuals. The main reason for companies choosing the latter may be that the works that needs to be performed in Turkey may require only a few individuals, thus having an establishment for such a small business may be considered as a burden for the company.

Philippine Chapter of Getting the Deal Through: Vertical Agreements 2018

May 2018 - EU & Competition. Legal Developments by SyCip Salazar Hernandez & Gatmaitan.

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Getting the Deal Through has published the twelfth edition of Vertical Agreements, which is available in print, as an e-book, and online. The Philippine chapter was contributed by SyCipLaw partners Arlene M. Maneja and Franco Aristotle G. Larcina.

EGYPT'S NEW BANKRUPTCY LAW

May 2018 - Finance. Legal Developments by Riad & Riad.

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On 19 February 2018, a new law no. 11/2018 was issued regulating the restructuring, preventive reconciliation and bankruptcy in Egypt (the" Bankruptcy Law"). The law entered into force as of 22 March 2018.

The law introduces for the first time an out-of-court restructuring system which helps troubled companies reorganize their business. In the meant time, courts are given the authority to enforce a restructuring plan if a consensual solution is not reached. Also a new court supervised mediation system is introduced.

Initial Coin Offering (ICO) through Cyprus The Tax & VAT aspect

May 2018 - Tax & Private Client. Legal Developments by Kinanis LLC.

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ICOs have recently exploded and become an increasingly popular method of fundraising for start - ups and other companies with the intention to fund innovative projects based on the Blockchain technology.

CHANGES TO PPA: TO MAKE FINANCIAERS HAPPY

May 2018 - Projects, Energy & Natural Resources. Legal Developments by GOLAW.

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Over the last few months before January 2018, when the latest changes to the power purchase agreements (PPAs) between State Enterprise ‚ÄúEnergorynok‚ÄĚ and producers of energy from alternative sources were adopted, more than ten agreements were signed with upgraded conditions set earlier in 2017. In the mentioned agreements, the changes to the PPAs were applied and helped bring Ukraine‚Äôs PPAs closer to international standards. Nevertheless, the revised PPAs still have a lot of issues that need to be clarified and further elaborated to make them perfectly bankable, and to make them properly executable.

The African Continental Free Trade Area: Towards Increasing Intra-African Trade

May 2018 - Corporate & Commercial. Legal Developments by Muthaura Mugambi Ayugi & Njonjo Advocates.

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Introduction

According to the Organisation for Economic Co-operation and Development (OECD), a free trade area (FTA) is a grouping of countries within which tariffs and non-tariff trade barriers between the members are generally abolished but with no common trade policy toward non-members. The World Trade Organisation (WTO) describes it as thus: ‚Äėtrade within the group is duty free but members set their own tariffs on imports from non-members‚Äô. Tariffs are generally taxes imposed on imports. Examples of existing FTAs are the North American Free Trade Area (NAFTA) and the European Free Trade Association (EFTA).

Philippines: Department of Finance Revenue Regulations No. 7-2018 (RR No. 7-2018)

May 2018 - Tax & Private Client. Legal Developments by SyCip Salazar Hernandez & Gatmaitan.

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On January 31, 2018, Finance Secretary Carlos G. Dominguez issued RR No. 7-2018 which restored the provision on Notice of Informal Conference as a due process requirement in the issuance of a deficiency tax assessment. RR No. 7-2018 was published in the Manila Bulletin on February 1, 2018 and took effect on February 16, 2018.

The Notice of Informal Conference is a written statement issued by the BIR informing the taxpayer of the discrepancies in the taxpayer’s tax payments for the purpose of conducting an informal conference wherein the taxpayer will be given an opportunity to present his side of the case.

Download and read the complete Tax Bulletin on RR No. 7-2018. The bulletin was authored by SyCipLaw partner Carina C. Laforteza and associate Renz Jeffrey A. Ruiz.

Land Information Management System (LIMS)

May 2018 - Real estate and construction. Legal Developments by Muthaura Mugambi Ayugi & Njonjo Advocates.

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The Ministry of Lands is mandated to administer land through efficient administration, equitable access, secure tenure and sustainable management of land resources.