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 (" 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.
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.
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.
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
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.
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