AML/CFT | The EU Comprehensive Package: essential takeaways
Jul 10, 2024 – On 19 June 2024, the European Parliament and Council published the new anti-money laundering and countering the financing of terrorism (“AML/CFT”) package – an extensive reformative legislative package – that consists of three main legal texts: Regulation (EU) 2024/1624 of 31 May 2024 aimed at preventing money laundering and terrorist financing (“ML/TF”), commonly known as the EU AML Single Rulebook (“AMLR”). This regulation will …
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ESG – Omnibus Package I CSRD & Taxonomy changes
Apr 16, 2025 – Background On 26 February 2025 the European Commission published a new package of proposals to simplify and reduce the reporting requirements under Corporate Sustainability Reporting Directive (CSRD), the EU Taxonomy (EUT), and the Corporate Sustainability Due Diligence Directive (CSDDD), the Omnibus package. This proposal marks an effort to enhance competitiveness and investment capacity, by decreasing administrative burdens and …
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Landmark decision on qualification of financial instruments & non-recognition of a foreign permanent establishment
Apr 24, 2025 – On 17 April 2025, the Luxembourg Higher Administrative Court (Cour administrative), delivered its long awaited decision on case n° 50.602C pertaining to the qualification of interest free loans under Luxembourg tax law and the existence of a permanent establishment in a treaty jurisdiction. With its decision, the Higher Administrative Court brings further clarity …
Why Works Contracts are not covered under the MSMED Act
Introduction to the MSMED Act The Indian legislature has enacted The Micro, Small and Medium Enterprises Development Act, 2006 (hereinafter referred to as “MSMED Act”) in order to facilitate the promotion, development and enhancement of micro, small, and medium enterprises (MSMEs), and to further enhance their competitiveness in the market.
Counterclaims and Beyond: A Comparative Analysis of the India-Uzbekistan Bilateral Investment Treaty and India’s Treaty practice
Samir Malik*, M. Shahan Ulla**, Aryan Mehta*** Introduction On 27th September 2024, India and Uzbekistan signed a Bilateral Investment Treaty (“the Uzbekistan BIT”) in Tashkent to bolster investment relations and create a more robust and resilient investment environment. This BIT has been in force since 15th May 2025, a culmination of trade relations that extend …
Determination of the competent arbitration in cases of defective arbitration clauses
Arbitration, as known, has become a popular method of dispute resolution. However, in practice, during the contract formation, the arbitration may be indicated incorrectly.
Registration Bill 2025: Breaking Colonial Legacy, Embracing Digital Governance;
As India marches toward its 100th year of independence in the year 2047, we have seen in the recent past that India is making attempts to shed off its colonial legacy. Be it replacing the Macaulay’s Indian Penal Code, 1860 and Sir James Fitzjames Stephen’s Indian Evidence Act, 1872 with Bharatiya Nyaya Sanhita and Bharatiya …
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What legal aspects should you pay attention to when buying land or a house?
Legal solutions for a risk-free property purchase When looking to purchase land or a house, a prior legal verification of the real estate in Romania is essential. Buying real estate in Romania represents a significant investment, which is why a thorough analysis of all relevant aspects of the purchase of real estate in Romania is required, involving numerous documents and procedures …
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What steps should you follow when buying a business in Romania?
Due Diligence – Essential in the acquisition process Acquiring a business, even if it is joint stock company in Romania or limited liability company in Romania, requires a detailed analysis of all financial, legal and commercial aspects to eliminate risks and ensure a secure investment. Due diligence in Romania is an essential process in any transaction and …
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ANRP postpones the payments for nationalized houses in Romania for 2025
How to contest an ANRP decision in Romania? Property rights are an essential attribute of society, and the issue of properties abusively taken over by the state has been a continuous concern over time, making the process of property restitution in Romania increasingly complex. A current controversial aspect is Government Ordinance No. 10/2025, which stipulates the suspension …
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