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Legal Developments worldwide

• The Cayman Islands Data Protection Law, 2017

  The following information relates to the enactment of The Cayman Islands Data Protection Law, 2017 (" DPL "), which was expected to come into force on 29 January 2019, will now come into force in September 2019. The DPL will regulate the future processing of all personal data in the Cayman Islands.
  - Stuarts Walker Hersant Humphries

• The Mutual Funds Law (2019 Revision)

  The following information relates to the enactment of The Mutual Funds Law (2019 Revision) and the subsequent commencement of related sections of The Mutual Funds (Amendment) Law 2015. The changes require certain funds to notify the Cayman Islands Monetary Authority if they are active in EU jurisdictions.
  - Stuarts Walker Hersant Humphries

• Stuarts Success - Case Review: Toby -v- Allianz Global Risks US Insurance Company

  Toby –v- Allianz Global Risks US Insurance Company, FSD 152 of 2013 (IMJ), Judgment delivered on 29 August 2018
  - Stuarts Walker Hersant Humphries

• Security Token Offerings in the Cayman Islands

  Security Token Offerings (“STOs”) are an extremely popular means of fundraising for new projects and utilise blockchain technology to do so. Whilst no specific legislation has been passed by the Cayman Islands Government in connection with STOs and cryptocurrencies, it would be incorrect to say that STOs are “unregulated”.
  - Stuarts Walker Hersant Humphries

• "BLACK FRIDAY" - NOW FREELY USABLE FOR PROMOTIONS IN AUSTRIA

  Black Friday is unquestionable one of the most profitable and busiest days of the year for retail, particularly online. Worldwide almost all online store do offer sales or special promotions on Black Friday or Cyber Monday. Already after this practice has established online, a trademark for " BLACK FRIDAY " was registered in Germany back in 2013. In 2016 a Chinese company acquired the trademark and then filed in 2017 for its extension to Austria. Based on the registered trademark, it granted exclusive rights to an Austrian company, which licensed usage rights to various partner stores against remuneration. Further, an exclusive " Black Friday-Cooperation Program " was established. Non-partners who used the event name or trademark were prosecuted and requested to either pay a license fee or refrain from running Black Friday promotions. Some followed the request and entered into license agreements. Some, however, did challenge the validity of the trademark. Finally, respective proceedings to check the actual protection of the trademark were initiated. Austrian courts now held that the trademark " BLACK FRIDAY " is not protected in Austria .
  - Dorda

• The Zero Carbon Bill - a closer look

  ​​​​The long-awaited "Zero Carbon Bill" was finally released on 9 May, but despite being greeted by considerable media interest there are a number of significant issues that have yet to come to the fore.
  - Bell Gully

• A link tax in New Zealand?

  ​​​​A controversial payment to publishers for content in Europe has implications for New Zealand – despite escaping mention in a recent paper that set out the key issues for review for our own copyright laws.
  - Bell Gully

• News media exemption under the Privacy Act: now a matter of "responsibility"?

  The role of the news media as the "eyes and ears" of the public, and the corresponding right of such news media to be exempted from the Privacy Act 1993 ( Privacy Act ), is entrenched and well accepted. However, the extent to which the news media exemption applies to non-traditional forms of "news" published by "civilian journalists", such as online commentary and blogs, is a hotly debated subject.
  - Bell Gully

• Quarterly Update on Trade Defense Cases in Turkey (June 2019)

  The authority to initiate dumping or subsidy examinations, upon complaint or, where necessary, ex officio , has been given from the Ministry of Economy to the Ministry of Trade ("Ministry"). Within the scope of this authority, the Ministry announces its decisions with the communiqués published on the Official Gazette.
  - ELIG Gurkaynak Attorneys-at-Law

• Company Formations - A jurisdictional guide to setting up a business

  The following article contains the Foreword in the IR Global Virtual Series brochure on 'Company Formations - A jurisdictional guide to setting up a business'.
  - IR Global