Publicly Traded Companies: New Amendments Introduced to the Communiqué on Shares (VII-128.1)
The Capital Markets Board of Turkey (“CMB“) has amended “Article 27 – Obligation to Issue Memorandum of Information as to the Shareholders of Publicly Traded Companies” of the Communiqué on Shares (VII-128.1) (“Communiqué“) and expanded the coverage of the article. The amendments came into effect with publication in the Official Gazette No. 31195, dated July 24, 2020. …
New Era for Material Transactions and Exit Right
The Law No. 7222 regarding Amendments to the Banking Law and Certain Other Laws (“Law No. 7222“) entered into force on February 25, 2020 with its publication in the Official Gazette on the same date. Among other things, the Law No. 7222 has introduced novelties on the material transactions and exit right mainly regulated under …
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Unchartered Territories: A Comparative Study of Newly Introduced Commitment & Settlement Mechanisms
Unchartered Territories: A Comparative Study of the Newly Introduced Commitment and Settlement Mechanisms of Turkish Competition Law with the European Union Competition Law
Malta sets up the National Foreign Direct Screening Office
The NFDI Screening Office (“Office”) was set up in order to implement the provisions of EU Regulation 2019/452 of the 19th of March 2019, establishing a framework for the screening of foreign direct investments into the Union. This Regulation relates particularly to foreign direct investments, or ‘FDIs’ which are likely to affect security or public …
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Freezing orders and asset recovery after litigation
Nicola Sharp of Rahman Ravelli outlines a case that demonstrates the extent to which courts will award freezing orders to assist in asset recovery after litigation.
Private Prosecutions: The Process, Defendants’ Options and Mixed Motives
Neil Williams of Rahman Ravelli outlines what is involved in commencing a private prosecution.The private prosecution process begins with the laying of an information – also referred to as applying for a summons – which is an act carried out by the person or organisation bringing the prosecution. This is the first step that needs …
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Civil Recovery: Comparing POCA to the US approach
Joshua Ray of Rahman Ravelli outlines the limitations of Part 5 of the Proceeds of Crime Act highlighted by the case of Gulnara Karimova. The Serious Fraud Office’s (SFO’s) long-running efforts to seize £33M of UK real estate linked to Gulnara Karimova, the imprisoned first-daughter of former Uzbekistan leader Islam Karimov, took another twist in …
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Freezing injunctions and crypto-related investment fraud
Syedur Rahman of Rahman Ravelli examines a case that underlines the courts’ continuing tough approach when it comes to suspected investment fraud involving cryptoasset schemes.
Foreign Claims and UK Jurisdiction
Syed Rahman of Rahman Ravelli assesses the doctrine of forum (non) conveniens and a court’s decision regarding jurisdiction on a foreign claim. In the context of civil litigation, forum conveniens is a commonly-considered principle wherein the court decides whether to permit the service of proceedings outside the jurisdiction through the English courts, or to acknowledge …
Cost Protections Under a Part 36 Offer
Nicola Sharp of Rahman Ravelli considers a case that outlines the possible consequences of withdrawing a Part 36 offer.In the recent judgement of Blackpool Borough Council v Volkerfitzpatrick Ltd [2020] EWHC 2128, the High Court granted the defendant a favourable costs order, in circumstances where a claimant failed to beat a defendant’s Part 36 offer. The case …