MFSA Shifts to Outcomes-Based Supervision in 2024
The Malta Financial Services Authority (“MFSA”) has released its Supervisory Priorities for 2024, outlining a change to an outcomes-based approach to supervision.
When is a claim considered fraudulent? The impact of false and misleading statements on a claim for damages
Allianz Australia Insurance Limited v Yu [2024] NSWSC 31 Key principles The totality of the evidence, rather than just the Claimant’s own statements, should be considered when assessing the Claimant’s credibility for the purposes of determining whether false and misleading statements have been made.
Understanding the new employee right to disconnect
On 12 February 2024, the Fair Work Legislation Amendment (Closing Loopholes No 2) Bill 2023 (Closing Loopholes (No 2)) was passed by Parliament, legislating additional changes to the Fair Work Act 2009 (FW Act).
Indispensable Human Touch: Mimicry of Human Intelligence by AI Not Creativity
Key Points Copyright and patents only protect works of human creators Machines cannot be authors or inventors, they only simulate human intelligence The scope of protection for AI-derivative works and inventions is nascent
Legal Update on the Decree detailing a number of articles of the Law on Cybersecurity
Years after the promulgation of the Law on Cybersecurity, the long-awaited decree implementing Law on Cybersecurity has finally been introduced.
Legal Update Development on Data Privacy Regulation of Vietnam
For years, regulation on data privacy of Vietnam has been limited to general principle under the Civil Code and rephrased and shattered through a number of other legal instruments (including the Law on Cyberinformation Security).
Recommendations for precise determination of the market value of land
The Ministry of Natural Resources and Environment has recently issued the Draft Land Law (amended) for public comments to overcome the shortcomings and limitations of the Land Law 2013, and at the same time, add new policies to adjust some issues arising in reality.
Decision on new ceiling electricity price mechanism for transitional renewable energy projects
On 07 January 2023, the Ministry of Industry and Trade (MOIT) issued Decision No. 21/2023/QD-BCT (Decision 21) on the official power price framework for the transitional renewable energy (RE) projects.
Legal Update Price Frame for Solar and Wind Power Plants
On 01 November 2023, the Ministry of Industry and Trade has promulgated Circular No. 19/2023/TT-BCT on methods of developing a price frame for electricity generation of solar and wind power plants (Circular 19).
LIABILITIES OF SHAREHOLDERS, DIRECTORS, AND MANAGERS FOR COMPANY DEBTS IN JOINT STOCK (JSC) AND LIMITED LIABILITY (LLC) COMPANIES IN TURKEY
A. Company Types and Liabilities of Shareholders, Directors, and Managers In Turkey, the corporate landscape is predominantly comprised of two types of capital companies: Joint Stock Companies (JSCs) and Limited Liability Companies (LLCs).