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Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
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The UK government has published an updated Draft Withdrawal Agreement, highlighting consensus on the future of existing EU IP rights in the UK.
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Malta Gaming Authority on the use of Distributed Ledger Technology and on the acceptance of Virtual Currencies in the remote gaming industry.
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Court decides on issue of jurisdiction.
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Proposed amendments being discussed in Parliament aimed at providing sub-lessees of commercial premises, whose sub-lease is going to end on 31st May 2018 by operation of law, with an option to demand the Rent Regulation Board to allow them to continue the sub-lease under revised conditions reflecting market conditions for a maximum period of 10 years.
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I.    Introduction
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“EU Directive 2016/943 on the protection of undisclosed know-how and business information” is coming soon to a legislature near you. If you didn’t know (or care) until now, here are a few reasons why you should.
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Revenue sharing is the use of profits to enable separate actors develop
efficiencies or innovate in mutually beneficial ways. There are many
ways the revenue sharing concept is structured with the objective being
sharing of revenue profits and losses between various parties. Revenue
sharing is practiced widely in sports, manufacturing industries,
advertising industries, private companies and malls/retail shopping
centers. The International markets are embracing the concept of revenue
sharing or turnover rent.
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On 6 th October 2017, the government published the Civil
Aviation (Remotely Piloted Systems) Regulations, 2017 which provide the
legal framework for the use of Remotely Piloted Aircraft Systems,
popularly known as drones in Kenya. Entrepreneurs and investors
therefore have the opportunity to tap into a market which a PwC report
estimates to be valued at over USD 127 Billion globally in such sectors
as infrastructure, agriculture, transport, security, mining, security,
media and entertainment amongst others. Already, African countries such
as South Africa, Morocco, Cameroon, Rwanda and Malawi are exploring
drone enterprises in these sectors.
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New Cyprus law on
data system security
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In 2011, in response to public concerns over large multinational companies exploiting differences in national tax rules, the European Commission published a proposal for a Common Consolidated Corporate Tax Base (CCCTB) to unify tax rules throughout the EU. Individual countries would still be free to set their own tax rates, but anomalies between countries in terms of deductibility of expenses and recognition of income would be eliminated. The initial proposal met with considerable political resistance, particularly from the United Kingdom, and was not pursued. In October 2016, perhaps in anticipation of less resistance once Brexit was completed, the Commission issued a revised proposal to replace the earlier one. It aims to introduce a set of common rules for determining the tax base of companies with operations in several EU Member States and tax them in the country where their revenues are generated, and remove the anomaly of large companies paying what the public perceives as disproportionately low amounts of tax in countries where they have significant activities.
The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to
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Porterhouse Group AG, a family owned
investment holding company based in Lucerne, has been accepted by the
creditors’ committee to acquire the clinic group Paracelsus. The clinic group
Paracelsus is a private hospital operator with 40 facilities in 22 locations.
Completion is subject to the approval of the insolvency plans by the creditors’
committees and merger control approval by the German Federal Cartel Office.
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Clearstream
International S.A., a subsidiary of Deutsche Börse, acquired all shares in the
London based Swisscanto Funds Centre Limited. The deal allows Clearstream to
expand its services in the funds space with the management of distribution
contracts and data processing. The purchase agreement was signed on 23 April
2018. The transaction is expected to close within the third quarter of 2018,
subject to approval of the relevant authorities.
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SyCipLaw partner Carlos Roberto Z. Lopez has been
recognized at the Client Choice Awards 2018 . Â
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We at the international commercial law firm GRP Rainer Rechtsanwälte have bolstered our team in order to make further improvements to the high-quality advice we provide to our growing clientele.
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Bär & Karrer was
awarded "M&A deal of the year" on the IFLR European Awards in
London last night.
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Artificial intelligence is a burning topic
in many sectors today and the legal industry is no exception. Recently, at the World Services Group ’s annual employment
law conference held in February, AI was heavily debated along with its’
impact not only on the legal profession, lawyers, clients, the way business is
done, but also our traditional understanding of concepts such as “law” or
“justice”.
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INTRODUCTION
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A new law is issued in Egypt to amend the Joint Stock Companies, Partnerships Limited by Shares and Limited liability Companies, known as the Companies Act no. 159 of 1981 (the "Law"). The amendments are effective as of 17 January 2018.
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As of recently, state aid control is a part of the Montenegrin Competition Agency 's (the " Agency ") scope of authority. The Montenegrin Parliament  enacted a new State Aid Control Law (the " State Aid Law "), largely aligned with the EU legal framework - especially with Articles 107 and 108 of the TFEU. In the institutional sense, the new law grants the Agency the competence for reviewing state aid, since the former State Aid Commission was not considered a sufficiently operationally-independent authority - which represented an issue in Montenegro's EU accession negotiations (Chapter 8).
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http://arnon.gitta2.comrax.com/sites/default/files/Finance%20Monthly%20-%20Your%20Thoughts%20-%20Crypto%20Confidence%2003.04.2018.pdf
