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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.
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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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
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Commercial agency agreements often include a prohibition of competition, also known as a no-competition clause. Notwithstanding this, certain clauses in the general terms and conditions may be invalid, as is clear from a ruling of the Bundesgerichtshof (BGH), Germany’s Federal Supreme Court (Az.: VII ZR 100/15).
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Copernicus Group is a financial service provider in the canton Ticino for institutional and private UHNWI clients, offering also family office and wealth planning services. The group consists of Copernicus Asset Management SA and Copernicus Wealth Management and Services SA. On 20 March 2018, Copernicus Asset Management started operating as a fully licensed Swiss asset manager of collective investment schemes.
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If a testator removes parts of his will, these deletions should demonstrably come from him. Otherwise, the deleted passages might still be effective.
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Sayenko Kharenko advised the
world’s largest brewing corporation in respect of creating of a joint venture
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13 April, 2018
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We are proud to announce that Karanović & Nikolić and its cooperating lawyers have once again been recognized as a top tier legal practice on the 2018 Legal 500 list of leading law firms. This prestigious UK-based directory provides comprehensive worldwide coverage on recommended law firms.
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Mr. Jumah Nasser Al Kaabi, Director of Gulf Legal Consultants, during his participation with the Qatari trade delegation accompanying the Emir's visit to the U.S.
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جمعة الكعبي للعرب
