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The Turkish Competition Authority (" Authority ")
completed its work in progress on revising the Guidelines on Vertical Agreements
(" Guidelines ") that was issued based on the Block Exemption
Communiqué on Vertical Agreements (" Communiqué No. 2002/2 "). It
took approximately 2 years for the Authority to finalize its work. The
Authority has published the updated version of the Guidelines on its official on
March 30, 2018 (Friday). Below is the summary of amendments made in the
Guidelines:
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The new Companies Act 2015 has gone to great lengths to usher in reforms
particularly in the management of companies by clarifying the duties of
directors, identifying actions to determine their unfitness for their
role and penalties for the breach of their duties either by action or
inaction on their part. A director now must not only grasp the new
duties owed by a director under the Act but also comprehend the
consequences of breaching these duties.
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The Companies Act 2015 (the “Act”) was published on 18th September 2015
and will eventually replace the previous Companies Act which had been in
place for over 50 years [1] . The Act is one amongst other statutes including the Insolvency Act 2015 [2]  recently enacted for the purpose of modernizing the laws regulating Kenya’s business environment. The Act aims to:
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The ambers of the often emotive and confrontational issues relating to land ownership and land use in Kenya lingers on.
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Several changes have been introduced by the Companies Act 2015 that will
impact greatly on shareholders. The changes seek to combat shareholder
apathy particularly in decision making in public companies, provide
greater access to corporate information to enhance transparency, embrace
the benefits of the digital era in communication to shareholders and
regulatory procedures. More importantly, the Act seeks to balance the
rights of shareholders as owners, and the duties of directors as
managers of the company whose loyalty is to the company and not a single
shareholder.
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On 27 th  February 2017, Kenya was granted Category 1 status by
the Federal Aviation Authority of the United States of America hence
paving the way for direct flights between the two countries. A Category 1
status rating means that the Kenya Civil Aviation Authority (KCAA)
meets International Civil Aviation Organisation (ICAO) standards. The
country has been granted the status after complying with international
safety standards under the agency’s International Aviation Safety
Assessment (IASA) program.
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I. Introduction
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In Turkey, the authority to initiate dumping or
subsidy examinations, upon complaint or, where necessary, ex officio , is given to the Ministry of Economy ("Ministry").
Within the scope of this authority, the Ministry announces its decisions with
the communiqués published on the Official Gazette.
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Following the first conviction of a company for failure toprevent bribery, Aziz Rahman considers the implications of the case for thosein business.
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With a bookmaker being ordered to pay millions for failingto prevent money laundering, Nicola Sharp and Syedur Rahman examine how thegambling industry can tackle the problem.