FIAU Thematic Review on Company Service Providers when providing Company Formation Services
On 14th December 2023, the Financial Intelligence Analysis Unit (“FIAU”) published the results of a thematic review carried out during the first quarter of 2023 on Corporate Service Providers (“CSPs”) adherence to Regulation 7(1)(c) of the Prevention of Money Laundering and Funding of Terrorism Regulations (‘PMLFTR’) following the issuing of the IPs Part II for …
CJEU ruling on the notion of ‘processing’ in the context of mobile apps
The convergence of public health imperatives and individual data protection rights has come under scrutiny in a recent landmark case delivered on the 5 October 2023 by the European Court of Justice (ECJ),
BENEFITS OF INVESTING IN GIFT CITY, INDIA
Introduction Gujarat International Finance Tec-City (“GIFT City”) located at Gandhinagar, Gujarat is India’s first International Financial Service Centre (“IFSC”) and the first operational smart city designed with an unequivocal focus to be a game-changer for India’s financial services market aims at becoming a global financial hub at par with international financial zones.
Clasis Law secures landmark decision on payment by the insurance company under IBC
The Bench comprising of Mr. Justice Ashok Bhushan (Chairperson) and Mr. Barun Mitra (Technical Member) of Hon’ble National Company Law Appellant Tribunal,
Civil Marriages in the UAE: A Comprehensive Guide for Non-Muslims in UAE
Introduction: The UAE has implemented extensive legal structures for non-Muslim citizens and residents seeking civil marriages.
Confidentiality Violations in the UAE: Legal Implications for Employees
Introduction: The protection of confidential information is an important aspect of employer-employee relationships, and the UAE has established comprehensive laws to address violations of confidentiality clauses.
Statement of claim in Romania
According to the provisions of Law no. 85/2014, to acquire the status of a creditor in the insolvency procedure in Romania, several steps need to be followed, including: notifying the creditors from the list submitted by the debtor,
Recovery of claims in insolvency proceedings in Romania
According to the Romanian Law no. 85/2014 on insolvency prevention and insolvency proceedings, insolvency in Romania is that state of the debtor’s assets that is characterized by the insufficiency of the available funds for the payment of certain, liquid and enforceable debts.
FIU-IND INITIATES ACTION AGAINST OFFSHORE CRYPTO EXCHANGES, RECOMMENDS URL BLOCKING
Introduction: The Financial Intelligence Unit (FIU) of India, operating under the Ministry of Finance, has initiated significant regulatory actions by issuing show-cause notices to nine offshore cryptocurrency platforms, invoking the provisions of the Prevention of Money Laundering Act (PMLA)[1].
BENEFITS OF INVESTING IN GIFT CITY, INDIA
Introduction Gujarat International Finance Tec-City (“GIFT City”) located at Gandhinagar, Gujarat is India’s first International Financial Service Centre (“IFSC”) and the first operational smart city designed with an unequivocal focus to be a game-changer for India’s financial services market aims at becoming a global financial hub at par with international financial zones.