Guiding Trustees: Indemnities on a change of trustees
Chapter 1 – Fundamental principles and changing over trustees A trustee’s right to indemnity – and particularly that of a former trustee’s right to indemnity vs. a new trustee – hit the legal headlines recently in Equity Trust (Jersey) Ltd v Halabi; ITG Ltd v Fort Trustees Ltd [2022] UKPC 36 (Halabi).
PREVENTION OF MONEY LAUNDERING (MAINTENANCE OF RECORDS) AMENDMENT RULES, 2023
The Prevention of Money Laundering Act, 2002 (PMLA) is a crucial legislation in India aimed at preventing money laundering and terrorist financing. The PMLA mandates financial institutions, banking companies, and intermediaries to maintain records of their client’s transactions and conduct due diligence to prevent money laundering. On 7th March 2023, the Ministry of Finance, Department …
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ON THE CONSTITUTIONAL LEGITIMACY OF A FIXED ADMINISTRATIVE SANCTION TO PROTECT THE NAMES OF ORIGIN OF AGRICULTURAL AND FOOD PRODUCTS.
Constitutional court, March 10, 2023, no. 40 In this ruling, the Italian Constitutional Court assessed the constitutionality of administrative sanctions imposed for violations of rules protecting products with designation of origin (DOP) and geographical indication (IGP). Specifically, the Court declared the unconstitutionality of Article 4, paragraph 1, first sentence, of Legislative Decree No. 297 of …
The Turkish Competition Authority Fines Elon Musk due to Failure to Notify the Twitter Deal
On 06.03.2023, the Turkish Competition Authority (“TCA”) announced its decision to fine Elon Musk due to failure to notify the $44 billion deal to acquire Twitter. The TCA’s reasoned decision is not available for the time being but English version of the TCA’s announcement in terms of the fining decision reads as following:
How can you protect your intellectual property rights over the software platform that you have developed in Romania?
The intellectual property right in Romania protects various forms of intellectual creations, such as trademarks, patents, literary works, artistic works, even computer programs (software) in Romania. In the contemporary society, more and more developers in the IT field Romania continue to advance in terms of software development in Romania. Given that the computer programs (software) in Romania represent intellectual creations in Romania, it is …
Green Buildings and Energy Efficiency: The India Story
With 10 million new homes required to be built every year to keep pace with Indian housing demand, significant opportunities exist with regard to establishing new techniques in climate-responsive construction. Within this market, green buildings[1] have immense investment potential for both residential and commercial use.
Antitrust Compliance Program: Benefits of implementation
The general rule is that if an economic entity (hereinafter: Undertaking) performs a business activity within the country, it shall comply with the rules and regulations governing the respective activities. Antitrust laws are designed to promote fair competition and prevent anti-competitive practices that have the ability to harm consumers, limit market innovation and, as an ultimate result, harm …
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Developments on Trademark Law in Myanmar
On 9th March 2023, the Ministry of Commerce (MOC), Intellectual Property Department held the discussion concerning with enforcement of Trademark Law.
Hermès wins landmark case against MetaBirkin, setting precedent for NFTs in the fashion industry
The legal battle between Hermès brand owner and artist Mason Rothschild, the creator of ‘MetaBirkin’ NFTs, has lasted more than a year. But in February, the Court ruled that the NFT version of the famous Birkin handbags infringes the rights of the Hermès fashion house.
Proposed Amendment of the Monopoly Regulation and Fair Trade Act
The Korea Fair Trade Commission (KFTC) issued an advance notice with respect to proposed revisions to the Monopoly Regulation and Fair Trade Act (MRFTA) which includes inter alia (i) expansion of merger notification exemptions and (ii) introduction of commitment procedures for merger control (the Proposed Revisions). There will be a public notice period until March …
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