Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
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Direction of Financial Regulatory Environment of Korea in 2019: Legislation Supporting Financial Innovation and Reform of Supervisory System
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Stelios Americanos &
Co LLC, participated
in WORLD SHIPPING LAW FORUM in Athens that has taken place on the 25th
January 2019. The conference took
place at N.J.V. Athens Plaza.
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BLOCKCHAIN
AND DIGITAL CURRENCIES
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A new Directive, known as the Work Life Balance Directive, has been proposed to repeal the existing Framework Agreement on Parental Leave, made binding by Council Directive 2010/18/EU.
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On
November 1, 2018, Personal Data Protection Board ("Board"), acting under the
Personal Data Protection Authority, published its principle decision with
number 2018/119 in the Official Gazette, which then corrected on November 7,
2018 ("Decision"). Board's Decision is regarding prevention of promotional
notifications, e-mail messages, text messages and calls that data subjects might
receive from data controllers and data processors.
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The Malta Gaming Authority (the ‘MGA’) has issued a new directive, The De Minimis Games Directive, Directive 3 of 2019 (the “Directive”) which aims to exempt small lotteries and/or raffles from the regulatory regime, which would otherwise be applicable.
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Franchisees need to be careful. If they change their franchise partner, they cannot simply carry over the likes and stars they have accumulated to the new company.
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In late November 2018, the Securities and Commodities Authority (SCA), the Dubai Financial Services Authority (DFSA) of the Dubai International Financial Centre (DIFC) and the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) announced that they had reached agreement on facilitating the licensing of domestic funds by each authority for promotion across the UAE.
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A ruling of the Bundesfinanzhof (BFH), Germany’s Federal Fiscal Court, illustrates the distinction made for the purposes of inheritance tax between a family home and the claim to transfer ownership in a family home (Az.: II R 14/16).
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As of 31 December 2018, the Central Registry of Ultimate Beneficial Owners was established within the Serbian Business Registers Agency (the “Registry”), in line with the Law on Ultimate Beneficial Owners (“Official Gazette of the RoS no. 41/2018).