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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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BYOD is an acronym for ‘bring your own device’ and refers to a policy which an employer may implement to regulate the use of personal devices for work-related purposes at the workplace. Such a policy would regulate how employees access privileged company information and software on their personal devices, which devices would be connected to the corporate network. An effective BYOD policy is essentially a set of rules which establishes the level of support which an IT department may provide to employee-owned devices used in the workplace, while safeguarding both employers’ and employees’ interests.
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Greater Reforms for Promoting Work-Life Balance – Changes to the Gender Equal Employment and Work-Life Balance Support Act
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Special
Purpose Acquisition Companies (" SPAC "),
which are incorporated to achieve the purpose of investing and merging with a non-public
company, were first introduced in the United States in 1990s and recently increased
its popularity globally. Unlike other countries, SPACs entered into Turkish
legal system relatively late with the Communiqué on Common Principles Regarding
Significant Transactions and Appraisal Right (Communiqué No. II-23.1) of the
Capital Markets Board (" CMB "), published
in the Official Gazette dated 24.12.2013 numbered 28861(" Appraisal Right Communiqué "). Currently, there is no SPAC listed
under Borsa Istanbul (" BIST ") in
Turkey. SPACs are very similar to venture capital structure and can be
considered as a strong alternative for investors
and shareholders in Turkey as well.
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In a 2018 judgment the DIFC, discussed
and decided upon the concept of set-off
under the UAE Civil Transaction Law No. 5 of 1985 (the “Civil Code”).
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The Law of 16 July 2019 implementing the regulations on EuVECA, EuSEF, ELTIF and MMF (the “Regulations”) and amending the RAIF law entered into force on 22 July 2019 (the “Law of 16 July 2019”).
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The unprecedented expansion of the use of DLTs in various industries and disciplines has shed light to the dire need of regulation. Would it though be worth it to sacrifice some degree or even the total idea of true decentralization to achieve this end?
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Since a very long time, FIDIC (The International Federation of Consulting Engineers) is commonly used a standard for international construction and engineering contracts and is very frequently used in UAE. It mainly governs the construction works within the country and in GCC.
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By way of background, in January 2019, the Capital Markets Board (“ CMB ”)
had issued an announcement on its website on the Draft Communiqué on Equity Crowdfunding [1] . The CMB
has now officially published the Communiqué on Crowdfunding No. III-35/A (“ Communiqué ”),
on October 3, 2019. The Communiqué entered into force as of October 3, 2019.
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The recent interpretative letter issued by the Russian Federal Tax Services (“FTS”) on 08th August 2019, has provided further guidance as to the application of the Beneficial Ownership Concept, further to the letter initially provided on the 12th of April 2018 which adopted a strict approach of the concept.
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Cyprus has concluded the negotiations for the avoidance of double taxation with the Netherlands. The double tax treaty was agreed at technocratic level in Hague. It is expected to be signed by the end of 2019 or early in 2020.
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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3 October 2019
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Ogier has been awarded its fourth major industry award this year after being named Offshore Law Firm of the Year at the Asian Legal Business Hong Kong Law Awards 2019.
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An Ogier team in Luxembourg led by Fabien Debroise working alongside Nicolas Milles and Caleb Holder has advised Usiminas, a South American based steel producer, on its USD750 million listing of bonds on the Euro MTF of the Luxembourg Stock Exchange.
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Funds specialist Sophie Reguengo has been promoted to partner in Ogier's leading Jersey investment fund team.
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Working on the relocation of the JEP's team from Five Oaks back to town was a pleasure for Ogier's property law specialists. The JEP and Guiton Group have been a long-time client of Ogier's Local Legal Services team.
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Eight members of Ogier's Jersey office have progressed to new roles across the firm's business services, corporate administration and legal teams.
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Nic Journeaux, one of Jersey's most experienced litigation lawyers, has joined Ogier.
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Jennifer Fox, Ogier's newest Dispute Resolution partner in the Cayman Islands, has worked on some of the largest offshore disputes in the past decade.
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The scope for enhancing economic relations and business ties between Kazakhstan and Cyprus is immense, Cyprus’ Minister of Finance said in his opening address at the Conference "CIS – Kazakhstan – Cyprus – Business Cooperation Heralding the New Era", held Thursday in Limassol.
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GOLAW has been recommended by international legal guide IFLR1000 (International Financial Law Review) in the following practice areas: Banking and finance, Merges and Acquisitions (M&A), Project development, Restructuring and insolvency.
