CYPRUS: Enforcement of pledge under Cyprus Law and the statutory obligation of pledgee, to give notice to pledgor, for its intention to sell the pledged shares
A pledgee, even if the pledge agreement provides that it can proceed to sell the pledged shares, without any prior notice to the pledgor, is obliged under Section 134 of Contract Law CAP. 149, to give to the pledgor, a reasonable written notice, about its intention to proceed to sell the pledged shares, thus giving …
CYPRUS: English guidance on the possibility of use of confidential documents disclosed in arbitration in support of other civil proceedings.
Confidentiality is one of the key characteristic and advantage of arbitration, which makes it so attractive to parties, as method of dispute resolution.
LEGAL MEANS & PROCEDURES OF DISSOLVING A COMPANY IN THE UAE
Dissolution, or liquidation, of a company, is the process through which the company and its operations are brought to an end.
WHAT ARE THE PENALTIES FOR FORGING DRUG TESTS IN THE UAE?
Offences related to drugs in the UAE are governed by Federal Decree-Law No. 30 of 2021, On Narcotics and Psychotropic Substances, and are severely punished. The country has a zero-tolerance policy when it comes to the use or possession of drugs, which includes buying and selling of drugs unless done for medical or scientific purposes …
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Who will Be Granted Custody of the Children in A Case of Parental Neglect In the UAE?
Parents are made to be the natural custodian of a child upon his birth, and in cases where parents are not fit to take custody, it may be given to the close relatives of the child, or a person competent to be a custodian in the eyes of law. But there may be cases when …
WHAT YOU NEED TO KNOW ABOUT NEW CIVIL PROCEDURE LAW IN THE UAE?
As part of the legislative reforms initiated by the UAE government in the year 2023, several important laws have undergone an overhauling. As such, a new Civil Procedure Code has been enforced, namely, Federal Decree-Law No. 42 of 2022, Promulgating the Civil Procedures Law (“CPL”). It does not completely replace the provisions of the old …
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What is the procedure of dissolution/liqudation of a company in Romania?
According to Law 31/1990, companies can cease their existence by several ways, among which we mention the procedure of dissolution and liquidation in Romania, the expiry of the period for which the company was established, the bankruptcy of the company in Romania. The Romanian Law firm Pavel, Mărgărit and Associates recommends contacting a lawyer specialized in insolvency, restructuring and bankruptcy in Romania and a lawyer specialized …
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Brazil´s Importance to a patent portfolio strategy
Brazil represents a pivotal market for patent owners, thanks to its extensive consumer base and well-established pro-patent system, providing a reliable and efficient means of acquisition and adjudication. Still, many patent owners overlook the country when building and enforcing patent portfolios.
New RBI IT Outsourcing Directions and Key Takeaways for Fintech Agreements
On April 10th, 2023 Reserve Bank of India (“RBI”) issued fresh directions to financial institutions (also referred to as “Regulated Entities”), concerning outsourcing of information technology (“IT”) services and IT-enabled services (“ITeS”) to third-party service providers (whether or not belonging to the same group of companies as that of the financial institution), titled the ‘Reserve …
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M&A IMPACT DUE TO CHANGES IN INDIA’S COMPETITION LAW
The Indian parliament approved the Competition Amendment Act, 2023, (the “Amendment Act”) on April 11, 2023. The Amendment Act has also been published in the Official Gazette, although it is yet to come in force.