The Potential of Blockchain to Revolutionise the Maltese Maritime Industry
A ‘blockchain’ is a system which can record transactions between two parties in an efficient, verifiable, and permanent way, where transactions made in a cryptocurrency are recorded and maintained across several computers which are linked in a peer-to-peer network. These records are referred to as ‘blocks’ where each ‘block’ contains a timestamp and transaction data …
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Cyprus and Crypto Asset Regulation: CYSEC’s CASP Directive
In an article published earlier this year, we discussed how the Prevention and Suppression of Money Laundering and Terrorist Financing Law, L.188(I)/2007 (the “AML Law”) was amended in order to harmonise domestic legislation with the 4th and 5th AML Directives (Directives (EU) 2015/849 and 2018/843 and how it introduced, for the first time, provision for …
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Settlement Regulation Enters into Force
Introduction The first steps towards introducing settlement as a practice in Turkish competition law were taken in June 2020 in line with the amendments to Law No. 4054 on the Protection of Competition (“Law No. 4054”).[1] This brings Turkish competition law into line with that of the European Union and many other countries.[2] The details …
Institutionalization in Family Businesses and Family Constitution
Introduction It is a well-known fact that the majority of companies operating in Turkey and around the world are family businesses, and few of these companies are able to transfer their assets to future generations. In order for a family business to successfully manage this, it is necessary and substantial to establish a solid corporate …
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Dispute Resolution in the Digital Age
Introduction Arbitration has benifited from a great increase in the use of technology which has directly effected the conduct of proceedings. More particularly, with digitalization, the way that we conduct arbitration proceedings has been changed to reflect the current needs of parties, with an aim of increasing time and cost efficiency. In line with these …
Articles of Association in Family Businesses
Introduction Family companies, basically, are commercial companies in which the company shares or the authority to manage the company belong to various members of a family. The main criteria that may be used to identify family companies are one or more of the following elements: either the majority of the shareholders are family members, family …
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A New Player in Liability Law: Artificial Intelligence
Introduction The use of artificial intelligence is increasing day by day and this technology is starting to play an active role in our lives. In addition to the use of artificial intelligence in common products such as smartphones, 3-D printers or drones, there are advanced technology breakthroughs that demand our attention. Unmanned aerial vehicles, self-driving …
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Digital Finance: Current Issues and Laws – Guidelines for AI issued for financial sector
We introduce the key points and implications of the newly issued Financial Sector Artificial Intelligence Guidelines as below.
Acceptability of e-Execution – A long way ahead
Technology has been an enabling factor in resuming businesses and closing transactions during the pandemic era while parties involved in such transactions are sitting miles apart from each other. In order to be in arms with the rise of digitization, the Indian Government has introduced and amended legislations to bring in electronic records and electronic …
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What To Do When You’re Broke: The Laws Governing Personal Bankruptcy In India
The ongoing pandemic and the related economic downturn have affected most citizens of the country and distressed the finances of even the best financial planners amongst us. Despite the moratorium offered by banks, the successive lockdowns in different parts of the country and the continued suspended functioning of markets have caused several businesses to struggle …
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