LIBOR Transition in the Indian financial system
In the backdrop of UK’s Financial Conduct Authority (“FCA”) announcing in March 2021, that the London Interbank Offered Rate (“LIBOR”) would either cease to be provided by any administrator or would no longer be considered a representative rate, the Reserve Bank of India (“RBI”) notified banks and financial institutions, asking them to take necessary steps …
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LIMITED LIABILITY COMPANY VS. JOINT STOCK COMPANY: WHICH IS THE IDEAL OPTION FOR INVESTORS?
Before engaging in business activities in Vietnam, investors need to set up a business with the type of business that aligns with their objectives and goals. Among various types of businesses, limited liability companies and joint stock companies are two commonly chosen types due to the characteristics of the limited asset liability regime.
Cyprus-Regulations over Cryptocurrency and Blockchain.
1. Introduction In recent years, Cyprus has shown that it wants to have an active role in the development of blockchain technology and especially that it wants to become a pioneering and secure financial center for the exchange of crypto assets and services.
Cyprus – Real Estate Transactions
Basic Principles to safeguard a Buyer and the process until possession
Registration of Yachts and Vessels in Cyprus
I. Overview The Cypriot merchant fleet ranks among the 10 largest fleets in the world and ranks third in the European Union, with 12℅ of the total fleet of the 27 Member States of the EU. It has 1,857 ocean-going vessels of a GT exceeding 21 million. Ship or yacht registration in Cyprus has never …
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Cyprus – Insurance update on laws and regulation – trends on business interruption contracts due to covid 19
Insurance law in Cyprus is governed, by several legislations which came under the microscope of the Legislator or underwent important amendments following an EU legislator’s initiative over the past couple of years.
The Finance Bill 2023 introduces new taxation laws for Online Games
During Covid, online gaming as an industry experienced meteoric growth, gaining popularity among the new-age GenZ and millennials. Online games were easily accessible through smartphones, play stations, Nintendo, and Xbox and were nothing short of a best friend in disguise to eradicate the boredom and isolation brought upon by the pandemic.
LAWSUITS FOR ANNULMENT OF OBJECTIONS ON ENFORCEMENT ACTIONS FOR COLLECTIONS UNDER TURKISH LAW
In Turkey, debt enforcement proceedings are divided into two categories: enforcement proceedings with a judgment and enforcement proceedings without a judgment. In enforcement proceedings with a judgment (based on a court decision already obtained), the enforcement proceedings can be carried out for all kinds of receivables. However, this is not the case for proceedings without …
Merger Control in Turkey: Turnover Thresholds are Amended
The Turkish Competition Authority amended the turnover thresholds for the merger control in Turkey. Communiqué Amending the Communiqué on Mergers and Acquisitions Requiring Permission from the Competition Board (“Communiqué No.2022/2”) was published in the Official Gazette dated 4.03.22022 and numbered 31768 to amend the turnover thresholds stated under the Communiqué No. 2010/4 on Mergers and …
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Personal Data Protection Decisions of European Court of Human Rights-1
Decisions About “Access to Personal Data”