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Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
On May 5 the Luxembourg Financial Supervisory Authority issued CSSF Circular 15/612, addressed to all managers of alternative funds subject to the 2013 legislation implementing the Alternative Investment Fund Managers Directive, regarding reporting on unregulated alternative funds, whether established in Luxembourg, another EU member state or in a non-EU jurisdiction, as well as alternative funds regulated outside the EU.
REMINDER ON THE REGULATORY FRAMEWORK ON PAYMENT INSTITUTIONS AND ELECTRONIC MONEY INSTITUTIONS
The three vacancies of the Turkish Competition Board ("Board"), the competent decision-making organ of the Turkish Competition Authority, which have been vacant for almost three months, have now been filled.
E-tailers are more often than not unwilling to maintain resale price according to what the manufacturer expects. So much so that, along with the ease of ‘cash on delivery’, consumers in India have now come to expect lower prices for products they buy online.
In its new "Administrative instructions 2015/2", the NSSO has now set the maximum indemnity for home office expenses at 119,61 EUR per month.
On September 30, 2014, the Korea Fair Trade Commission (the “KFTC”) announced plans to amend regulations regarding the subcontracting, franchise and distribution sectors. In particular, the KFTC identified 12 action items that address the propriety and need for certain rules, and aim to mitigate burdens on industry. The KFTC plans to submit the relevant bills to the National Assembly and finalize the amended Enforcement Decrees by the end of 2014, and to update the subordinate regulations by the first quarter of 2015.
Whilst Malta’s history, sun and sea might be a good reason for tourists to come to the island, they are surely complementary but not the sole reasons to attract prospective e- commerce and gaming operators to Malta. Indeed, to the gaming and e- commerce world, Malta represents more than that.
Austria recently experienced a significant boom in start-ups(1) and has produced some major international players (eg, Runtastic, bwin, last.fm and Whatchado). That said, starting a business in Austria requires an understanding of the peculiarities of the legal system. This update discusses some of the common legal risks and issues that come along with starting a business in Austria. read more...
26 May 2015: The Drew & Napier Competition & Regulatory Practice Group brings you this special article as part of its latest Competition Law Quarterly Update for the first quarter of 2015.